Faraday Future Delays FF 91 Production, Deliveries To Q3-Q4 2022 via insideevs.com
"Due to recent supply chain issues, start of production and first deliveries of the Company's FF 91 flagship electric vehicle in the United States are now expected to commence in the third or fourth quarter of 2022."FF 91 electric crossover
as soon as July 2022. Founded in 2014, Faraday Future once promised to start production and sales of the FF 91 as early as 2018, but it has been forced to postpone delivery of its first mass-market vehicle several times. "The company needs additional cash to commercially launch the FF 91 and is currently seeking to raise additional capital to fund its operations through December 31, 2022."Faraday Future said in an investor slide deck that it was looking to raise about $325 million after previously stating it would not need additional funds until after the launch of the EV. comes amid a standoff between the EV startup and its founder, Jia Yueting.
In reply, Faraday accused the group of offering the director a contract worth up to $700,000 in order for him to resign. On July 15, the group of shareholders said in a filing that they had offered Faraday Future a lifeline of"at least $100 million" on the condition that the director resign. apparently ignored the offer, with the group accusing the startup several days later of not treating the offer"with the gravity, urgency and fairness it deserves in light of" its financial condition.that Faraday will also push ahead with plans to build EVs in China by opening a plant in the country, with Geely said to provide contract manufacturing services.
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