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THE VEHICLES
The9, a Chinese online game company, has signed a joint
venture agreement with California EV startup Faraday
Future to manufacture and sell the company’s EVs in
China.
The immediate goal of the agreement is to manufac-
ture and sell Faraday Future’s V9 model, a luxury vehicle
to be based on Faraday’s first production vehicle.
Under the agreement, The9 will provide $600 million
of funding in three equal installments. Faraday will pro-
vide use rights to its land in China for manufacturing,
and will grant The9 an exclusive license to manufacture,
market, distribute and sell the V9, and potentially other
models in China.
The9 and Faraday will each have 50% ownership of the
venture, and The9 will control the business operations.
Faraday Future CEO YT Jia commented, “This is only
the beginning of a series of strategic actions for Faraday,
all designed to support the completion and launch of its
‘new species’ FF 91 EV in 2019, and continue develop-
ment of the mass-market premium model FF 81 in both
China and the United States.”Spanish bus manufacturer Irizar introduced its new
Irizar ie electric truck at the recent Sustainable Urban
Mobility Congress in Bilbao, Spain. The showcased mod-
el is 8 meters (26 feet) long, and has a carrying capacity
of 18 tons.
Irizar designed the ie truck for industrial use in urban
and inter-urban settings. It says varying body styles can
be installed with little adaptation.
Irizar partnered on the R&D with the FCC Group,
a Spanish construction and environmental services
company. Together, the two firms produced a prototype
vehicle equipped with side-loading bodywork for waste
collection, which Irizar hopes to introduce into the
market in the coming months. Irizar says it’s currently
developing more variations of the electric model.
The ie truck features regenerative braking and a CNG
range extender. It also includes a lane departure warning
system (LDWS) and emergency assisted braking (AEBS).
Faraday Future signs
$600-million agreement with
Chinese game company The9
Irizar develops electric truck
with CNG range extender for
waste collection
Image courtesy of Faraday FutureImage courtesy of Irizar