Business
Faraday Future Targets March 30, 2023 for Start of Production of its FF 91 Futurist
The confirmation comes after a recent round of financing commitments of $135.0 million was announced by the Company First FF 91 Futurist deliveries expected
About this update from Faraday Future Intelligent Electric Inc.
[{"type":"text","content":"\n\nThe confirmation comes after a recent round of financing commitments of $135.0 million was announced by the Company\n\n\n\nFirst FF 91 Futurist deliveries expected by the end of April, 2023\n\n\n LOS ANGELES--(BUSINESS WIRE)--\nFaraday Future Intelligent Electric, Inc. (NASDAQ: FFIE) (\"Faraday Future\", “FF” or \"Company\"), a California-based global shared intelligent electric mobility ecosystem company, today announced it is targeting a start of production (SOP) date for its flagship FF 91 Futurist of March 30, 2023, assuming timely receipt of funds from the Company’s investors, at the Company’s Hanford, California, manufacturing facility, “FF ieFactory California.”\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230220005360/en/Faraday Future Targets March 30, 2023 for Start of Production of its FF 91 Futurist (Photo: Business Wire)\nThe Company expects the first vehicles built at its FF ieFactory California to be coming off the assembly line in early April, with deliveries to its first users before the end of April, assuming timely receipt of funds from the Company’s investors.\n\n“This SOP will undoubtedly be our most important historic moment since FF was established. We would like to express our sincerest appreciation and respect to all of those who have stood beside us for their unwavering support,” said Chen Xuefeng (XF), Global CEO of FF. “The Company now has all of the funding commitments, assuming timely receipt, and all of the equipment needed to build the FF 91 Futurist in place, while working with numerous world-class equipment suppliers to keep FF on track to deliver the vehicle in April of this year.”\n\nAt the same time, Faraday Future plans to hold the \"2023 Faraday Future Global Supplier Summit\" the last week of April, inviting our global partners to witness the historical milestone of the FF 91 Futurist production and delivery readiness along with sharing in the common goal and successes of the Company. We will announce new shared business initiatives including the \"FF Industrial Chain Strategic Alliance\" and the “FF Supplier Par” at the Supplier Summit, sharing the achievements and benefits of FF’s intelligent electric mobility through industrial chain capital cooperation.\n\nWith the introduction and implementation of the “FF Supplier P...