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Faraday Future, once a promising electric vehicle startup, seems to be in disarray these days. Recently, there were rumors circulating about Jia Yueting's efforts to ramp up production for the company's first electric car, the FF91. However, despite his assurances, skepticism remains widespread both within and outside the industry. Is this company on the right track? Only time will tell.
According to Tencent Technology, Ulrich Kranz, a seasoned automotive executive known for his work on the BMW i3, has joined Faraday Future. He will be heading the R&D and design divisions for the company's electric vehicles. With over three decades of experience at BMW, Kranz brings a wealth of knowledge and connections to the table.
There have been recent updates regarding Jia Yueting's travel plans. Initially scheduled to return to China this week, he has decided to delay his return by a week and is now expected back in Beijing around the middle of next week. This change in plans stems from his desire to meet with the newly appointed CTO, Ulrich Kranz, in person.
Jia Yueting's primary objective during his stay in the U.S. was to oversee a $1 billion funding round for Faraday Future and ensure the FF91 reaches production as quickly as possible. Given the company's current financial struggles, it is rumored that the initial production of the FF91 might take place using an off-the-shelf car assembly facility either leased or purchased in California.
In related news, images have surfaced showing the progress of the FF91 prototype, which continues to generate interest among potential investors and enthusiasts alike. While the future of Faraday Future remains uncertain, the addition of Ulrich Kranz to the team could potentially bring much-needed stability and expertise to the company.
As the automotive industry shifts toward electrification, Faraday Future finds itself at a crossroads. Whether the company can overcome its current challenges and deliver on its ambitious promises remains to be seen. For now, all eyes are on Jia Yueting and the leadership team as they navigate this critical period in the company's history.