Item 2. Properties
Item 2. Properties
The Company leases all of its facilities. The following table sets forth the location, approximate size, primary use and lease term of the Company’s major facilities as of December 31, 2024:
Location
Approximate
Size (Building)
in Square Feet
Primary Use
Lease
Expiration
Date
Gardena, California 82,586 Global headquarters, research and development, office September 30, 2025
Gardena, California 12,650 Office September 30, 2025
Hanford, California 1,070,000 Manufacturing October 19, 2028
San Jose, California 30,260 Office March 31, 2025
Beijing, China 2,942 Administrative services, research and development, strategic planning December 14, 2025
Zhuhai, China 895 Administrative services, research and development, strategic planning July 11, 2025
The Company is finalizing the refurbishment of the FF ieFactory California manufacturing facility, located in Hanford California. The facility is finishing the main components which includes a body shop, a paint shop, component manufacturing and an assembly line. The FF ieFactory California manufacturing facility is approximately 1.1 million square feet and, once it is built out, is expected to have the capacity to support a production of 10,000 vehicles per year.
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