#FARADAYFUTURE

Mobility

BMW, Marelli Expand Blockchain Parts Management

Deploying blockchain throughout the automotive supply chain process promises to improve parts and transaction tracking, transparency and adherence to standards.

Hybrid

Mike Bell Departs Rivian as CTO

Long-time Apple tech guru Mike Bell leaves EV startup after 9 months

Batteries

Hyundai Turns to California Startup for EV Platform

Canoo to provide “skateboard” architecture for a range of future Hyundai/Kia models

Economics

EV Startup Rivian Gets $1.3 Billion in New Funding

Electric car startups are still attracting major funding from hopeful investors. The latest example: $1.3 billion landed by Michigan-based Rivian Automotive.

Economics

Faraday Founder Jia Files for Bankruptcy in U.S.

Jia Yueting, the Chinese internet tycoon who co-founded California-based electric car startup Faraday Future Inc., has filed for Chapter 11 bankruptcy in the U.S.

Faraday Taps Former Byton, BMW Exec as CEO

Troubled electric car startup Faraday Future Inc. has hired a new CEO, launched a search for a chairman and announced plans for a trust to repay the outstanding debt of founder Jia Yueting.

Car/Ride Sharing

CEO of EV Startup Canoo Steps Down

Stefan Krause, the co-founder and CEO of Los Angeles-based electric vehicle startup Canoo Inc., is stepping down from day-to-day operations for unspecified personal reasons.

Hybrid

EV Startup Faraday Future Gets Bridge Loan

Electric car startup Faraday Future Inc. says it has arranged as much as $225 million in bridge financing to enable it to complete development of its first model.

Autonomous Vehicles

EV Startup EVelozcity Changes Name

EVelozcity Inc., a Los Angeles-based electric vehicle startup, has changed its name to Canoo.   

Business

Swedish Carmakers Form JV

National Electric Vehicle Sweden AB is acquiring a 20% stake in Koenigsegg AB for €150 million ($171 million) and is forming a joint venture with the supercar company.

Business

Evergrande Takes Control of Saab Maker

Chinese property developer Evergrande Group has paid $930 million to gain a 51% stake in National Electric Vehicle Sweden, owner of the assets of bankrupt Saab Automobile AB.

Economics

Faraday Future Settles Dispute with Top Investor

Electric car startup Faraday Future Inc. says it has resolved a dispute with its largest investor that will enable the company to pursue additional funding elsewhere.

Hybrid

Struggling Faraday Future Pushes Ahead with IPO Plan

Electric-car startup Faraday Future Inc. says it aims to launch an initial public offering in 2020 in spite of escalating strife with its largest investor.

Economics

Faraday Future Looks for Financial Saviors

Struggling electric car startup Faraday Future Inc. says it is looking for debt and equity financing to revive its hope of launching its first car by the end of this year.

Faraday Future Co-Founder Sampson Resigns

Nick Sampson, a co-founder of struggling electric car startup Faraday Future Inc., has resigned, declaring the company “virtually insolvent,” The Verge reports.

Hybrid

Faraday Future Cuts Staff, Wages

Struggling California electric car startup Faraday Future Inc. says it will lay off an unspecified number of employees, and those who remain will take 20% pay cuts.

Hybrid

Faraday Future’s Funding Plan Stumbles

Efforts by Chinese electric car startup Faraday Future Inc. to fund its revised production plan are stalled in a dispute with a primary investor.

Autonomous Vehicles

Nearly 100 EVs and Plug-in Hybrids Will Debut in U.S by 2022

More than 95 plug-in hybrid and pure electric vehicles will be launched in the U.S. through 2022.

Business

New Pininfarina Unit Adds Tech Leaders, Confirms Munich HQ

Mahindra & Mahindra Ltd.’s new Automobili Pininfarina unit confirms it will be based in Munich and has hired a pair of veteran engineering executives.

Production

Faraday Future Completes Pre-Production Model

Faraday Future Inc. has completed the first pre-production copy of its FF 91 electric SUV/crossover.

Business

Faraday Future Moves HQ to China

Faraday Future Inc., the California-based electric car startup, has moved its operating headquarters to China.

Production

Faraday Future Moves Forward with Body-in-White Model

Faraday Future Inc. says it has completed the first body-in-white production build for its upcoming FF 91 luxury vehicle and is on track to start customer deliveries in December.

Hybrid

Former Opel Chief Joins EV Startup

Karl-Thomas Neumann, who resigned as CEO of General Motors Co.’s Opel unit last June, has joined Evelozcity, a 4-month-old electric-car startup based in Los Angeles.

Business

Evelozcity Targets 2021 Launch for EV

Los Angeles-based electric vehicle startup Evelozcity Inc. aims to launch its first vehicle in 2021.