pubblicato il November 14, 2016 at 08:31PM qui http://ift.tt/2fRnGDd


Faraday Future

A
man walks by a sign at an event for Faraday Future, Wednesday,
April 13, 2016, in North Las Vegas, Nev.

AP Photo/John Locher

Faraday Future’s progress on a $1 billion factory appears to be
grinding to a halt in North Las Vegas, Nevada.

The secretive, Chinese-backed automotive startup said it would
build its future electric, autonomous vehicles at the plant,

after holding a groundbreaking ceremony there in April
.

Since then, Faraday Future has apparently hit some speed bumps —
including
falling behind on millions of dollars in escrow payments

meant to cover costs for the plant.

AECOM, the contractor overseeing the project, said it may resume
construction in early 2017, according to a statement
obtained by Jalopnik
on Monday.

The project was expected to create 4,500 jobs in the economically
depressed region minutes from the Las Vegas Strip.

In
an email to Business Insider last month
, a Faraday Future
spokesperson said business between the startup and AECOM was
“strong” and that it was “committed to building [the] factory of
the future in North Las Vegas.”

In that same statement, the company asserted that both companies
were “working diligently to resolve the overdue payment.”


Faraday Future groundbreaking 1

A
rendering of Faraday Future’s manufacturing
facility.

Bryan Logan/Business
Insider


An editorial
in the Las Vegas Review-Journal
on Monday suggests that
little progress has been made in that endeavor: “We’ve expressed
concerns from the beginning that Faraday didn’t have the funds to
undertake or complete this project,” Nevada state treasurer Dan
Schwartz was cited in the newspaper. “Within the last several
weeks, our concerns remain unabated.”

Though some Nevada state officials emphatically supported the
Faraday Future project, Schwartz was
one of its earliest skeptics
.

The company’s primary investor, Jia Yueting, sent a letter to
employees earlier this month saying “We sped blindly ahead …
our cash demand ballooned. We got overextended in our global
strategy. At the same time, our capital and resources were in
fact limited,”
Bloomberg reported
.

Jia is the chairman of Beijing-based tech company, LeEco,

which made a splashy US debut in late October
.

Faraday Future
has been teasing
its
upcoming production vehicle
over the last several months.
It’s expected make it’s official debut at the Consumer
Electronics Show in January.