Transcript
Another day, another update on fledgling electric carmaker, Faraday Future.
Recent reports point to an incident in a satellite building to the company’s Los Angeles headquarters, in which a vehicle prototype allegedly caught fire.
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And it’s not coming at a great time. Last year, it was reported that Faraday Future had been nearly evicted from its California headquarters for failing to pay rent before striking a deal with its landlord.
The company has since struggled to put out vehicles – it delivered just two in the first quarter – all while pivoting to sell low-cost, Chinese-built EV vans. It even announced a new crypto strategy.
But at least according to Faraday, the fire was … kinda no big deal.
The automaker issued a press release following the incident, clarifying that all operations at its headquarters were unaffected and that there were no related injuries. They also said some of the wall surfaces were damaged and that it would continue to work with authorities to determine the cause.
An FF 91 show vehicle is the suspected cause of the fire, according to Faraday – an important distinction considering the company said it is a 9-year-old car.
Faraday Future suggested this vehicle was a beta prototype and likely experienced a loose connection or wiring short circuit in the 12-volt system. They’ve clarified that the vehicle in question is “entirely different from FF 91 production vehicles.”
The company added that the interior materials “do not meet the flammability standards of production vehicles,” therefore a recall would not be required.
Still, a report in Carscoops pointed out that, even though it doesn’t pose a risk to the handful of vehicles that Faraday Future has sold to date, “it’s certainly not going to restore trust or confidence in owners, landlords, and shareholders alike.”
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X-TIMESTAMP-MAP=LOCAL:00:00:00.000,MPEGTS:0
00:00.009 --> 00:04.510
Another day, another update on fledgling
electric car maker Faraday Future.
00:04.760 --> 00:09.319
Recent reports point to an incident in a
satellite building at the company's Los Angeles
00:09.319 --> 00:13.189
headquarters in which a vehicle prototype
allegedly caught fire.
00:13.399 --> 00:15.510
And it's not coming at a great time.
00:15.720 --> 00:19.959
Last year it was reported that Faraday Future
had been nearly evicted from its California
00:19.959 --> 00:22.680
headquarters for failing to pay rent before
striking a
00:22.816 --> 00:25.646
deal with its landlord.
The company has since struggled to put out
00:25.646 --> 00:28.697
vehicles.
It delivered just two in the first quarter,
00:28.847 --> 00:32.997
all while pivoting to sell low-cost Chinese
built EV vans.
00:33.126 --> 00:37.016
It even announced a new crypto strategy, but at
least according to Faraday,
00:37.047 --> 00:41.247
the fire was kind of no big deal.
The automaker issued a press release following
00:41.247 --> 00:45.236
the incident, clarifying that all operations at
its headquarters were unaffected,
00:45.277 --> 00:47.164
and there were no related injuries.
00:47.374 --> 00:51.173
They also said some of the wall surfaces were
damaged and that it would continue to work with
00:51.173 --> 00:52.574
authorities to determine the cause.
00:52.813 --> 00:56.734
An FF-91 show vehicle is the suspected cause of
the fire.
00:56.894 --> 01:02.113
According to Faraday, an important distinction
considering the company said it is a nine-year-old
01:02.113 --> 01:04.884
car.
Faraday Future suggested this vehicle was a
01:04.884 --> 01:08.333
beta prototype and likely experienced a loose
connection or wire.
01:08.661 --> 01:12.581
Short circuit in the 12-volt system.
They've clarified that the vehicle in question
01:12.581 --> 01:16.521
is entirely different from FF 91 production
vehicles.
01:16.621 --> 01:21.021
The company added that the interior materials
do not meet the flammability standards of
01:21.021 --> 01:24.651
production vehicles.
Therefore, a recall would not be required.
01:24.861 --> 01:28.780
Still, a report in CarScoops pointed out that
even though it doesn't pose a risk to the
01:28.780 --> 01:31.291
handful of vehicles that Faraday Future has
sold to date,
01:31.581 --> 01:35.060
it's certainly not going to restore trust or
confidence in owners,
01:35.180 --> 01:37.430
landlords, and shareholders alike.
01:37.809 --> 01:39.470
I'm in Wells.
This is Manufacturing Now.
