When Faraday Future released his revenue report for 2022 earlier this month, it said it was on track to begin production of its first vehicle. The company has had a lot of false starts since its inception in 2014 and had to push back the model’s production and shipping dates again and again. This time, the company was finally able to stick to its schedule: Faraday Future announcement that it began production of the FF 91 Futurist electric vehicle at its factory in Hanford, California.
Faraday’s future unveiled the FF 91 Futuristic in February 2022, with the intention of starting the manufacturing process in the third quarter of the year. It is obvious does not occur, and the company told investors it was because it needed more cash for its commercial launch. Indeed, the automaker has struggled with a series of financial problems over the years and even nearly ran out of cash in 2017 before Season Smart, later acquired by Chinese company Evergrande Health, agreed to fund it. with $2 billion.
Faraday burned Season Smart’s initial $800 million injection too quickly, and ended up quarreling with the investor. The company in vacations (and eventually fired) hundreds of employees while the dispute was ongoing. It was also necessary give up on plans to build a $1 billion production facility in Las Vegas and sell the site for $40 million.
The FF 91 Futurist promises 1,050 horsepower, an EPA-certified range of 381 miles, and the ability to go from zero to 60 mph in 2.27 seconds. It will be sold in the United States and China – in the United States, customers in Los Angeles will receive their units first, followed by those in San Francisco, then buyers in New York. According ReutersUS deliveries are expected to begin in April 2023. The company itself hasn’t mentioned a specific date for when deliveries will begin, but it did announce a final launch event for the FF 91 Futurist on April 26.