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Faraday Future Promises To Jumpstart Construction Of Nevada Plant Amid Financial Turmoil

Despite financial woes, Faraday Future is pushing through with its factory in Las Vegas, six months after its construction was stopped from lack of funding.

In a statement published on the company’s website, Faraday Future says it will have a competitive bidding process for the construction of its car plant, and has already solicited five bids from “top U.S. and international contractors.”

This news comes on the heels of bad publicity that Faraday Future has been receiving, including a report that says the company is behind its payments to AECOM, the construction firm that was originally responsible for building the factory.

Faraday Future’s Phase 2 Construction About To Start

The statement from FF is in complete contrast to earlier reports that the self-driving car company is scaling down its original plan of building a 3 million square feet factory to just 650,000 square feet.

Phase 2 of the construction now includes an additional facility from which the FF 91 — the company’s flagship car — will be manufactured. The additional plant will be constructed to fulfill the orders the company received after the car was unveiled at CES earlier this year. According to the company, the preorders have “far exceeded expectations.”

Faraday Future Has ‘Poor Payment Record,’ According To Nevada Official

However, some Nevada officials remain unimpressed with the company’s pronouncements.

“Their story changes,” says Nevada Treasurer Dan Schwartz. “These guys have a pretty poor payment record.”

Back in October, AECOM issued a warning to Faraday Friday over an unsettled bill amounting to $21 million that was due last September. The two parties are still in good terms, and a company representative said that AECOM continues to be “fully engaged with Faraday Future and we look forward to being part of delivering this world-class manufacturing facility.”

Beim Maple Properties, a property owner in California, filed a lawsuit against the company late last year over unpaid rent amounting to $104,950. A car seating company called Futuris Automotive also filed a case over unpaid bills amounting to $10 million, which has already been dismissed. The Mill Group, a visual effects company, followed suit after FF allegedly failed to pay $1.8 million for a visual presentation.

The latest in a string of lawsuits is the one from Domains Cable broker Suraj Rajwani, who says that Faraday Future has failed to pay for his service of securing a domain name for the company.

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(Via TechTimes)