electric car startup darling, has in the past few years fallen from grace. The is well past schedule for production and countless financial woes have set the company back., once an
The California-based startup with Chinese backing may be prepared to turn a new page, as it announced Carsten Breitfeld has joined as its global CEO. He replaces Faraday founder Jia Yueting, who will move to a chief product and user officer role.
Industry aficionados may recognize Breitfeld's name immediately. He oversaw the BMW i8 project at the German automaker and served as vice president over the vehicle program. Additionally, he was once CEO of and co-founded .
The veteran car executive said he's thrilled to join Faraday and hopes to help Jia realize "his vision for how the mobility eco-system will transform the industry." Jia isn't going to fade away, though. In his new role, he'll be responsible for artificial intelligence, product definition and implementing Faraday's internet-focused ecosystem for production cars.
Breitfeld's appoitment comes after a few tumultuous years at the fledgling EV company. Aside from flirting with going under twice, the company has placed hundreds of employees on unpaid leave andat an incredible rate. Its previous , from a Chinese real estate conglomerate, is no longer, after the two clashed in court. Faraday Future has since sold its LA headquarters to raise money, (and tried to sell the land), lost numerous key executives and is now undergoing a total restructuring.
Should the company's first car make it to production, the FF 91 will hit the streets with a touted 1,050 horsepower and a quoted range of 379 miles.