Faraday Future, a smart electric car company backed by Jia Yueting, founder of Chinese technology conglomerate LeEco, says work on its planned Nevada factory is ongoing. The announcement comes as the company tries to rebuild its reputation after reports of cash shortages and fleeing executives.
Nick Sampson, a senior vice president of research and development at Faraday Future, told Chinese media that the first phase of construction of the factory in Nevada had been completed and the company is preparing to start the second phase of construction. The statement is seen as an attempt to shore up confidence after reports indicated that more than a half-dozen senior executives have departed the start-up amid millions of dollars in unpaid bills.
"Faraday Future will align all departments to achieve our goal. We will start selling the FF91 in 201...
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