Faraday Future signs lease on new turn-key manufacturing facility

Faraday Future recently abandoned plans to build its own tailor-made factory from scratch in Nevada, and now it’s signed a lease on a new ready-made production facility in Hanford, Calif. The switch in strategy reflects a broader shift in the electric carmaker’s approach, which has been scaled down for earlier ambitious and lofty goals based on the company’s economic realities. Faraday Future