EV manufacturer Faraday Future confirm vast investment

Investors behind start-up electric car company Faraday Future (FF) have announced a £660 million investment into a manufacturing facility in the US.

The company has had a significant recruitment drive in the last few months and is aiming to rival companies such as Tesla.

FF is due to set up in California and has recruited a number of new staff from established manufacturers. New personnel include former heads of chassis engineering, manufacturing and purchasing from Tesla and the chief designer of BMW’s i Cars project, responsible for the i3 and i8.

Nick Sampson, senior vice president of FF, said: "We are very excited to make our $1 billion investment in U.S. manufacturing — and this is just phase one. Selecting the right location for the future FF manufacturing facility is critical to our overall goals. Producing our forward-looking and fully-connected electric vehicles not only requires the latest technology, but the right community partner."

Sampson continued: "With energy constraints, urban crowding, and the increasingly intrinsic relationship we have with technology, today's cars simply do not meet today's needs. Our range of 100 per cent electric and intelligent vehicles will offer seamless connectivity to the outside world."

Faraday Future is expected to be ready for the year 2017-2018, placing it in direct competition with a number of other manufacturers which have also confirmed all-electric models of their own for the same time frame. These include Audi’s e-tron quattro coupe-SUV, Tesla’s Model 3 compact-exec saloon and EV models from Volvo, also confirmed to launch within the next few years.

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