Faraday Future reportedly narrows its electric car model lineup – TechCrunch
Faraday Future is reducing some of its ambitions, according to Reuters, shrinking its planed product portfolio from seven electric vehicles to just two, and also reducing the size of its planned assembly plant in Nevada. The downsizing of the plant has been confirmed by a city manager in North Las Vegas and will see the facility occupy less than a third of its originally planned footprint.
The report says Faraday still intends to create a larger facility, but will do so later rather than initially, and he has no specific timeline to share in terms of completing the expansion. The company said it will build its first assembly plant in Nevada, targeting annual production of 150,000 vehicles, in 2015, and has pledged to invest more than $ 1 billion in the facility – a commitment as the company told Reuters it still intends to honor. The amended plans will see a capacity of just 10,000 cars per year, in the facility that will open in 2019.
Interestingly, the report also gave us a glimpse of what Faraday might be planning beyond his FF 91, the vehicle he unveiled at CES that targets the high-end luxury segment, and it looks like he could have a price tag of almost $ 300,000 when it came out. Reuters says an “FF 81” is also planned and that this is the other vehicle that has survived the overhaul of its planned product pipeline. It would be a more affordable crossover vehicle, which competes directly with the Model X, according to the report.
Faraday faces issues such as work stoppages on the facility and a lawsuit from a graphics company due to non-payment of contractors, so it’s understandable to see him cut back on his plans. The future of the company is still very uncertain, but perhaps some of these setbacks will prevent it from making overly bold and vivid statements about its glorious future, which seems increasingly difficult to safeguard.