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Faraday Future Zero-Emission Vehicle Company Leases Hanford, California, Manufacturing Plant

08/09/2017
Faraday Future, an advanced mobility vehicle company, leased a 1-million square foot manufacturing facility in Hanford, California. The company plans to begin producing vehicles by the end of 2018 and employ 1,300 workers over time.

According to company officials, Faraday Future recently announced that it was shifting its manufacturing focus to a turn-key facility that offers a faster path to production. The new production facility, which will eventually operate in three shifts, is strategically located between the country’s two largest EV markets, Los Angeles and Silicon Valley.

“We know there is a lot of work and risks ahead, but this event represents a major step forward for the company,” said Stefan Krause, COO & CFO, Faraday Future. “Investors invest in people, and our employees continue to be Faraday Future’s strongest asset. As we begin this next phase in our company’s history, our efforts to build out strong corporate leadership will bring a new focus to Faraday Future and deliver on our commitments to employees, investors, suppliers, and future users, who have shown exceptional patience and resilience through the company’s difficult times.”

On August 5, more than 300 Faraday Future employees and supporters voluntarily drove from Los Angeles to Hanford to begin the process of site clean-up, and embrace the company’s new manufacturing home.

“The future of zero emission production is in California,” added Panorea Avdis, Director of the Governor’s Office of Business and Economic Development. “Faraday Future’s announcement today is another step towards realizing Governor Brown’s goal of adding one and a half million zero emission vehicles on the road by the year 2025. When Faraday Future achieves its goals, the State of California achieves ours, and our office will continue to assist the company’s needs to grow and expand, as we have from day one.”

Faraday Future continues the process of site preparations, including planning, refurbishment, and permitting. Following the move-out of current tenants in late November, the company expects significant movement to ramp-up on site in early 2018, company officials said.

Dag Reckhorn, Faraday Future’s Vice President of Global Manufacturing who is spearheading all strategy and execution behind the new Hanford site said, “Our new production facility is the latest demonstration of our commitment to getting FF 91 on the road by the end of 2018. Despite significant headwinds on the path ahead of us, we are laser-focused on that one key milestone.”

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