January 25, 2016
‘Batmobile’: Faraday’s electric concept car unveiled at the Consumer Electronics Show.
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Faraday Future, the Torrance-based electric car company, is facing a trademark lawsuit from an unrelated business called Faraday Bicycles.
Faraday Future’s Global Chief Executive Ding Lei has reportedly stepped aside from leading the electric car manufacturer, following a string of negative reports, including the stoppage of construction at its Nevada factory due to a cash shortage, and an exodus of senior executives.
Nevada State Treasurer Dan Swartz said he is growing concerned whether Faraday Future or its billionaire backer, Jia Yueting, will put up the money needed for the company’s $1 billion electric car factory in North Las Vegas.
Faraday’s electric cars may hit hurdles on road
Some industry analysts question the map Faraday Future is following to produce electric cars.