Faraday Future found money, but still will not release “the Tesla killer”. Why?

Chinese car manufacturer Faraday Future, which until recently was considered the main competitor of Tesla, Elon musk, is still able to find a new partner to produce electric cars. The company will create a joint venture with the gaming Corporation The9, which will be its main investor. Despite this, the future of the Faraday Future remains unclear, not only because of a tiny car standards, the initial investment of $ 5 million.

It is assumed that under certain conditions (some not reported), the investment will grow to $ 600 million. The money FF wants to release V9 of serial electric car, which will be built on the basis of the car FF91. Sounds optimistic, but the case is unlikely to come — this has already been evidenced by several facts.

First, Chinese gaming company The9 financially could not provide such a large amount of investment. If you look at its capitalization, the company is on the stock exchange a little more than $ 100 million. In addition, representatives of both companies made promises to produce 300 thousand cars a year even Tesla with its speed produces about 250 thousand cars during this period.

It seems that Faraday Future has serious problems , and such partnerships wants to raise money from outside investors. Financial problems at the manufacturer of electric vehicles began in 2016 due to numerous lawsuits and the debts of the founder of the Faraday Future. Last time, the company has agreed to invest with the Chinese holding Evergrande Health. But here everything went smoothly: after Faraday Future received $ 800 million of the 2 billion investment, she immediately asked for the remaining amount, even though the contract was to receive the money within two years. In the end, the investor has terminated the deal and the electric car was left without borrowed funds.

Pity, because the idea was grandiose. At the presentation of the car FF91 had a power plant a thousand horsepower, and a single battery charge could be enough for 600 kilometers. Lidars have FF91 hidden under the hood and retract when not in use and the machine “learns” the owner and when he comes, she opens doors for him. Nothing “killer” Tesla? Here are all, apparently, will remain dreams Chapter FF.

By the way, a few years ago the staff of Elon musk have just moved into a Faraday Future, but now engineers have recently worked in FF, go to work in the Tesla.

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