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Faraday Future Uncloaks Mysterious Electric Car Effort In Gardena

socalTECH

Faraday Future , a mysterious, electric car company based in Gardena, uncloaked last week, saying it will spend $1 billion on creating a new, U.S. The mysterious company apparently is backed by a Chinese billionaire , already has more than 400 employees, and has not revealed any details on its vehicles. READ MORE>>.

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Faraday Future Finds New Chief Executive

L.A. Business Journal

The chief executive of Gardena-based electric vehicle developer Faraday and Future Inc. has vacated his post, according to a statement the company made September 3.

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Faraday Future Unveils Formula-E Racer

socalTECH

Los Angeles-based Faraday Future , the stealthy electric car company, has unveiled its entry into Formula-E , the electric auto racing circuit. According to Faraday Future, Faraday Future Dragon Racing is a partnership between the company and Dragon Racing, and will be its inaugural entry into the Formula-E motorsports. READ MORE>>.

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Faraday Faces Rockier Road

L.A. Business Journal

Jia Yueting, founder of Gardena-based electric vehicle company Faraday & Future, filed for bankruptcy Oct. 14 to address $3.6 billion in debt.

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Faraday Co-Founder Resigns

L.A. Business Journal

Nick Sampson, co-founder of Gardena-based electric vehicle manufacturer Faraday and Future Inc., 30 after calling the company “effectively insolvent.” resigned on Oct.

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Cover Technologies Finds $1.6M For Algorithm Designed Buildings

socalTECH

Gardena, California-based Cover , which develops technology which uses algorithms and software to build custom, prefab buildings, including backyard studios, has raised $1.6M The company's CEO is Alexis Rivas. in a seed funding round. READ MORE>>.

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Faraday Future Founder Files for Bankruptcy

L.A. Business Journal

Jia Yueting, founder of Gardena-based electric vehicle company Faraday & Future, filed for bankruptcy Oct. 14 to address mounting personal debts.

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