Faraday Future Plans to Start Production of FF 91 Futurist in March 2023

California-based Faraday Future (FF) says it expects to start production of its first flagship product, the FF 91 Futurist, at the end of March 2023, coming off the assembly line in early April with deliveries before the end of April. The plans are subject to the  availability of $150 to $170 million of additional funding.

FF has received a $30 million binding letter of intent draft from a current FF investor. 

It also announced the completion of construction and equipment installation in vehicle assembly areas. 

However, at an investor meeting, the company warns that no assurance can be provided that the ongoing financing discussions with existing and potential new FF investors will result in binding commitments in a timely manner or at all. 

The FF 91 Futurist features 1,050 horsepower, an EPA-certified range of 381 miles, 0-60 mph in 2.27 seconds, a rear intelligent Internet system, and a user experience designed to create a mobile, connected, intelligent, and luxurious third Internet living space.

Xuefeng (XF) Chen, Global Chief Executive Officer of FF, says: “The management team at FF is committed to executing the next milestones and I’m energized by the commitment of the team. We will utilize our capital in a disciplined manner that is focused on bringing the best product to market.” 

Formed in 2014, Faraday Future is a luxury electric vehicle company.