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As we all know, the American car company FaradayFuture (Faraday Future, referred to as FF) founded by Jia Yueting has been unable to achieve mass production for five years from its launch to the present due to financial constraints. Today, Faraday Future officially announced that the FF 91 will be launched in the first half of next year, and the funding for mass production has been resolved.

The FF91 electric car has completed its second winter test in the United States and is ready for sale in the first half of 2022, Faraday Future officials said today. This means that Jia Yueting's long-awaited FF 91 finally ushered in mass production.

In the future, FF will bring more FF 91 pre-production cars to more test sites for further vehicle development, improvement and final launch preparations.

Meanwhile, FF responded to reports that Chen Xuefeng, the former Chery Jaguar Land Rover, joined FF as CEO in China, saying that officials were unable to disclose more information at this time.

According to public information, FF is the US car company FaradayFuture (Faraday Future, or FF), which was founded in 2016 and officially launched its first mass-produced electric car, FF 91, in Las Vegas in January the following year. Subsequently, the company announced the completion of $1 billion A-round financing, with Leeco founder Jia Yueting as the global CEO and chief product officer. Jia Yueting is the actual controller of FF. Subsequently, due to the outbreak of Jia Yueting's personal debt crisis, FF fell into financial problems, and the car-building project continued to shut down.

After experiencing various difficulties, FF announced this year that it had completed the new progress after receiving up to $45 million in debt financing loans from two major financial institutions in the United States. Earlier, FF said that the completion of the financing meant that FF had obtained sufficient working capital before the formal IPO and basically survived the short-term cash flow crisis.

On the evening of January 28th, American electric car company Faraday Future (Faraday Future) announced on its website that it had reached a final agreement with the special purpose acquisition company (SPAC) on a business merger, valuing the company at about $3.4 billion (22 billion yuan) after the transaction was completed, and would be listed on the Nasdaq Stock Exchange under the symbol "FFIE".

In a prospectus submitted to SEC, FF said it would set up a joint venture with Geely Holdings and a first-tier city in China to support FF's production in China and FF's China headquarters. On the morning of January 29th, FF and Geely Holdings Group officially announced that the two companies had signed a cooperation framework agreement to cooperate in the areas of technical support and engineering services, and to explore the possibility of a joint venture between Geely and Foxconn to provide contract manufacturing services. At the same time, Geely Holdings Group also participated in a small amount of investment in the listing of Faraday Future SPAC.

Based on the above, it also shows that after many years, the first model of Faraday finally has more possibilities, but with the influx of more and more brands, the competitive market is becoming more and more fierce. this brand, which is valued by the industry with strong technical support, will also face more challenges in the future, and it is also doubtful whether it can last.

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