- Faraday Future Intelligent Electric Inc (NASDAQ:FFIE) anticipates the start of production of FF 91 Futurist at FF’s manufacturing facility FF ieFactory California at the end of March 2023.
- The deliveries are expected to begin in April 2023.
- Faraday is in discussions with both potential new investors and existing FF investors to provide the estimated $150 million – $170 million of additional capital needed to produce the FF 91 Futurist.
- Also Read: EV Firm Faraday Future Gains After Replacing CEO
- The company has received a draft $30 million binding letter of intent from a current FF investor, which remains subject to Board approval.
- The FF 91 Futurist features 1,050 horsepower, an EPA-certified range of 381 miles, 0-60 mph in 2.27 seconds.
- The vehicle also has a rear intelligent Internet system, and a user experience designed to create a mobile, connected, intelligent, and luxurious third Internet living space and user mobility ecosystem platform.
- Also Read: EV Firm Faraday Future Doubtful Of Going Concern
- Price Action: FFIE shares are trading lower by 20.8% at $0.38 in premarket on the last check Friday.
- Photo Via Company
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