Faraday Future Says 'Funding Secured,' FF 91 Production Could Begin In March | Carscoops carscoops
If the funding does come through, the company could begin production as early as late March. The first models would then roll off the assembly line in April, before being delivered later in the month.Besides announcing new funding, Faraday Future wants to release additional stock in order to “clear the path for additional future financing to best support FF 91 Futurist deliveries and the company’s other strategic goals.
In a statement, Faraday Future CEO Xuefeng Chen, said “Securing $135 million in funding commitments is critical and imperative for Faraday Future’s sprint to FF 91 Futurist’s SOP. The availability of these additional funding commitments provides confidence that FF can reach the SOP milestone in March 2023.” He went on to say, “We will deliver the FF 91 Futurist with high quality and high product power as soon as possible after receipt of the funds contemplated by these financings.
While the news is good for a change, Faraday’s future is anything but certain as they had a mere 369 preorders last November. Of course, if the FF 91 finally goes into production, interest could be revived.
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