Faraday Future Hires BMW i’s Head Ulrich Kranz As Chief Technology Officer

Despite the well-documented troubles Faraday Future is in, they were still able to attract another high-profile executive, this time from BMW.

Ulrich Kranz, former head of BMW i is joining Faraday Future after a 30-year-long stint at the Bavarian car maker, as Chief Technology Officer, Bloomberg reports.

His main task will be to turn the 1,050hp FF 91 SUV from concept to a full production car, with the Chinese-backed startup facing a cash crunch and concerns for the credibility of its top investor, LeEco founder Jia Yueting.

“I’m not a job hopper,” Kranz said. “Some people will probably raise eyebrows” in reaction to the departure from BMW, he added. “But people who know me well know that I can take risks. I’ve always jumped into projects.”

Faraday Future announced last week that they are shelving their much-advertised $1 billion factory in Nevada but said that they are looking for another facility for the production of the FF 91.

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