With great promise, two electric vehicle makers have said they would build factories in the Central Valley and soon employ hundreds, even thousands of locals. Both announcements came in 2017.
Faraday Future signs Velodyne as exclusive lidar supplier for luxury EV Reuters 3 hrs ago
April 29 (Reuters) - Faraday Future has selected Velodyne Lidar Inc as an exclusive supplier for its flagship luxury electric car FF 91, which is due to be launched next year, the sensor maker said on Thursday.
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Lidar, which stands for light detection and ranging, is a remote sensing system that generates a three-dimensional map of the road ahead for vehicles and also helps with applications such as augmented reality in smart devices.
San Jose, California-based Velodyne, an early entrant into the lidar market, said Faraday s FF 91 cars would use the Velarray H800 lidar sensors to power their autonomous driving system.
Faraday Future Amazingly Still Active
Faraday Future hasn’t been making many headlines of late. But it remains an active business entity, surprisingly enough. On Thursday, it announced it had selected Velodyne Lidar Inc. as the exclusive supplier for the sensing/mapping hardware that’s going into its flagship FF91 EV.
Faraday’s missteps have been so frequent and gargantuan, that it would be impossible to give the abridged history without still wasting a large portion of your day. We’ll spare you from that and allow interested parties to dig through older articles about factory snafus, secret management structures, faked prototypes, development setbacks, bankruptcy, and more. The only thing you need to remember is that it is genuinely miraculous that FF still exists as a company â almost like it’s a testament to the utter ridiculousness of some tech startups â that continues to believe it will someday manufacture an electric car.Â
Remember SPACs? Market Focuses on Earnings
An expected quiet day in SPAC land, at least there was one deal announcement, as the market was undoubtedly more focused on big tech earnings.
Author:
Apr 27, 2021
Up and down day for stocks as the market was focused on mega-cap earnings reports due from the likes of MSFT, AMD, and GOOG. The tech heavy Nasdaq 100 dipped, while the S&P500 was relatively flat. Unsurprisingly, there was little mainstream attention towards SPACs today, although this morning did see a late deal announcement bringing the week s total to two. Expect deal flow to remain muted for the time being.
SPAC Deal Pressure Building
Expect slow SPAC deal flow through May, but then get ready as deal pressure builds massively with peak SPAC IPOs aging quickly and facing fierce competition.
Author:
Apr 27, 2021
It was another quiet SPAC Monday yesterday and SPAC investors are still waiting for positive news to trigger some excitement. The
CCIV / Luicd surge (up +16% on Apple rumors) is a sideshow to the type of big tent event(s) that will be needed to re-ignite enthusiasm.
Investors will also not like seeing announced deals continue to have the air slowly leak out post deal announcements.
CM Life Sciences II (CMII - SomaLogic),