FF is located in the production plant in Hanford, California, selected the contractor. According to the FF plan, the first production model FF91 needs to be delivered before the end of this year.
On June 7th, Leighton's founder Jia Yueting invested in American electric car company Faraday Future (FF) announced that Bernards, a commercial construction company in San Fernando, California, will be the construction contractor of FF Hanford factory. Business.
Faraday was originally planning to build its own plant in Nevada, but with funding problems, it instead rented an existing factory in Hanford, California to speed up the mass production process. However, in December 2017, the journalist went to the press. When Faraday visited the United States in the Hanford factory, he discovered that the factory was still empty.
According to a press release issued by Faraday in the official website of the future, the Hanford plant is located between Los Angeles and Silicon Valley, two major electric vehicle markets in the United States. The selection of builders marks the company's first production model FF91 to be delivered by the end of 2018. An important step has been taken. The company has obtained an on-site construction permit from the Hanford local government that will be used to produce and deliver the FF91.
'We are proud to have been selected as the main contractor for the FF Hanford plant. 'Fernco DiGiallonardo, Vice President of Bernards, said, 'Electric vehicles are the future of travel, and we look forward to working with FF to help the factories start production later this year.'
On February 1st this year, the factory was fully vacated, and the planning and related work of the factory's interior and exterior designs were all completed. In March, the factory started the workshop refurbishment and dressing work. The first batch of production equipment was installed and tested.
According to the plan, Faraday will need to deliver FF91 before the end of 2018. From the time the contractor is set up to build the factory to the first FF91 offline on the production line, there will be only six months left.
Dag Reckhorn, Senior Vice President of Faraday Futures Global Manufacturing, said, 'We are grateful for the support provided by Hanford City. At present, on-site hazardous materials prosecution, demolition work, and refurbishment work have been started. All long-cycle equipment has been launched. It is extremely happy that Bernards will work with us to work together to achieve our seemingly radical yet viable manufacturing goals.
In the future, Faraday is also working with local Hanford institutions to prepare recruitment for the factory. At present, several training programs have been launched. On the official website, Faraday has released several jobs in Hanford in the future.
The press release also stated that Faraday's future Hanford plant will employ up to 1,300 employees and will implement a three-shift working a shift schedule.
However, the parties still take a wait-and-see attitude as to whether Jia Yueting’s U.S. building plan can take a sample production from a sample car.
Due to a large amount of money owed in China, Jia Yueting has been listed as 'Lao Lai' in China. As seen from China's implementation of information disclosure online, Jia Yueting has been listed as an untrustworthy executive for 8 times. The latest case was published on May 17. For the dispute between Jia Yueting and Guotai Junan Securities, the legal requirements for the legal documents were determined. Jia Yueting paid the financing principal of Guotai Junan Securities Co., Ltd. to RMB 300 million, and Jia Yueting’s performance was not fulfilled. Twenty-five times were listed as untrustworthy executives, involving companies including LeTV Holdings, LeTV Mobile, LeTV Sports, etc.
Moreover, Jia Yueting also faces LeTV’s problem of recovering arrears. Liu Shuqing, chairman and general manager of LeTV, recently stated that the company is currently actively requesting Jia Yueting to be responsible for the listed company’s associated debt problems, and the company will adopt legal measures including legal measures. By all means, Jia Yueting and its related parties are obliged to use cash or related equity and assets under their control to effectively resolve their actual debt to the listed company.
The automobile startup company Jia Yueting invested in the United States also experienced capital shortages in 2017, the loss of its core employees, and the predicament of the former executives. Until February of this year, Faraday announced that it would receive US$1.5 billion in financing in the future to meet the requirements of the IPO. The funding needs have continued to follow.
But this does not seem to have affected Faraday's future plans for China.
On April 8, Faraday Future Affiliate Ruichi Motors took a car construction site in Guangzhou Nansha with a price of 364 million yuan. Ruichi Motors also set up a company in Beijing, Shanghai and other places. Its 4th Anniversary Letters are displayed. Faraday will fully land in China in the future. Its Chinese headquarters will be landed in Guangzhou. The Guangzhou factory will start construction on schedule. The company is also continuing its recruitment activities in the country.
On April 22, Faraday announced the interior of the event in Los Angeles.
On May 18th, former Ford Motor Co., CFO Michael Agosta became FF North American Vice President of Finance, responsible for FF's accounting, financial and internal control, and led the finance team in coordinating financial related daily business.