Sentences with phrase «backed electric car startups»

Chinese - backed electric car startups in the U.S. — namely, Faraday Future and Lucid Motors — have struggled to get their projects up and running on the schedules they project, mostly due to fundraising delays.

As we've covered extensively over the past few months, Chinese - backed electric car startup Faraday Future is running into financial problems, most recently including suppliers allegedly not getting paid and an apparent surprise $ 300 million hole.

Not exact matches

Today more than a dozen Chinese - backed manufacturers (many of them American startups that now have Chinese owners) are tripping over one another to promote their electric cars and acceleration times; Faraday Future, Karma Automotive, NextEV, and Future Mobility are but a few.

The aspiring electric car startup that's backed by Chinese billionaire Jia Yueting has faced a series of legal setbacks and financial woes over the last year, most recently publicizing the firing of former BMW veteran who became the company's CFO.

Chinese - backed startup Faraday Future stormed into CES 2016 with a flashy concept car and plans to build a $ 1 billion electric - car factory in North Las Vegas, all without saying much about the actual cars it plans to build.

Next month, Faraday Future, the secretive electric car startup backed by Chinese billionaire Jia Yueting, is set to debut its first production vehicle at the Consumer Electronics Show.

You know NIO — the Chinese - backed startup formerly known as NextEV — from the NIO EP9, what they claim is the world's fastest electric car and one that just set some impressive lap records at Circuit of the Americas.

Faraday Future Inc., the electric - car startup backed by billionaire Jia Yueting, hired Porter Harris from Space Exploration Technologies before he left the company.

On Sunday at CES, new Chinese - backed car startup Byton unveiled its first drivable prototype — an electric crossover with a screen for a dashboard that's set to launch in late 2019.

It's incredibly difficult to translate just how bad of a year it was for Faraday Future, which is financially backed by Chinese billionaire Jia Yueting with connections to LeEco, another electric vehicle startup under the umbrella of Yueting's media empire LeTV, which also confusingly had its LeSee concept car designed by the Faraday Future team.

The Chinese - backed electric vehicle startup NIO raised more than $ 1 billion in its latest fundraising round, Reuters reported on Wednesday, breaking away from a crowded field of young Chinese - funded car firms who've notably struggled to raise money for their own ambitious endeavors.

Both companies were founded on the premise that a startup electric car maker, with backing from Valley venture capitalists, could use a cool car as a launching platform to become a more mainstream auto maker.

Chinese electronics giant LeEco is backing U.S. electric car startup Faraday Future, but it also has an electric car project of its own going on.