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Today, Faraday Future Weibo released a video about Dr. Faraday Future CEO Bifukang leading a team at the Hanford plant to keep abreast of the latest developments of FF 91. The video mentioned: the FF 91 project is going according to plan, testing and verification is going on as scheduled, and we are on track to launch FF 91 in the third quarter of 2022.

It is understood that the FF91 is the first model of Faraday in the future. The FF91 made its global debut in Las Vegas in 2017, positioning high-end luxury electric vehicles. It only takes 2.39s to accelerate at 0-60 mph, can output 1050 horsepower, can drive 300 + miles on a single charge, and has a range of up to 700km under NEDC conditions. In 2019, due to the outbreak of Jia Yueting's personal debt crisis, Faraday fell into financial problems in the future. Although he led Evergrande to introduce funds in 2018, the two sides broke up in disagreement over the issue of control, and the progress of the first FF91 model also stagnated.

However, in 2021, the mass production of FF91 has finally ushered in a turning point. With FF listed on Nasdaq, Faraday officials have repeatedly said that FF91 will be delivered in 2022. Jia Yueting, founder of FF, also said in an interview with the media that the future listing of Faraday means a new starting point, brings an important capital flow to the company, and then will go all out to achieve mass production and delivery in 12 months, and has great confidence in FF91's on-time production.

And after Faraday went public in the future, FF also got a lot of good news. First, the limited edition of 300 units of FF 91 has been sold out. Jia Yueting once said on Weibo that the global limited edition of 300 units of FF 91 Futurist Alliance has been sold out. The next task is to complete the product delivery on time, high quality and high product strength, so as to subvert the traditional super-luxury brands such as S Maybach, Ferrari and Bentley. Subsequently, FF officially announced that it had completed 3653 kilometers of long-distance road testing in the United States, and said it planned to significantly expand its workforce over the next 12 months, moving towards the goal of delivering FF91 in 2022. At the Futurist Co-creation Festival held by FF last year, it said that the first flagship stores of FF 91 in China would be located in Beijing, Shanghai, Guangzhou and Shenzhen. Chen Xuefeng, CEO of FF China, also revealed that FF91 has received more than 400 orders in China. FF91 finally appeared live online on February 24, 2022, in which FF announced that the future Faraday factory in Henderford had been completed and that the FF91 model had entered the final stage of verification and was about to be put into production.

But is FF really on track? In fact, FF has not been having a good time these days. On October 7 last year, J Capital Research, a US short seller, released a 28-page short selling report on FF. It said that it did not think FF could sell a car through site visits, analysis of FF's financial data and technical capabilities, R & D investment, and combined with a series of capital operations after listing. In November 2021, because Faraday did not submit its third-quarter results on time in the future, I received a warning letter from Nasdaq that Faraday would need to submit the report within 60 natural days in the future. According to Nasdaq rules, if Faraday fails to submit the relevant report within the prescribed time limit in the future, then Faraday may be delisted in the future. In addition, it was revealed that FF had received more than 14000 fake orders before its listing, of which only a few hundred had paid deposits and 14000 had not been paid. In response, FF Motors said: the company released pre-orders include paid pre-orders and free pre-orders, of which the company collected more than 14000 FF 91 bookings, with all the reservation user information, this part is free booking data; while the company announced the world's 300 limited edition FF 91 solicitation, this part is a fee-based pre-order. The company's previously announced 14000 bookings may be misleading, but they do not say false information. In April, Faraday received another notice from the NASDAQ Stock Exchange in the future that it did not comply with the NASDAQ continued listing rules.

Although FF has repeatedly said that the FF91 model will be delivered on time and with high quality in July this year, based on the future development of Faraday, it is still full of uncertainties. Although FF Global CEO Bi Fukang has said it will produce its second electric car, the FF 81, in South Korea in 2024, the company is expected to make a profit by 2025. However, according to the relevant data, the cumulative loss of FF has reached $2.39 billion by the end of 2020, and the net loss of FF in 2019 and 2020 is $142 million and $147 million respectively. In addition, FF's cash flow is not optimistic, with working capital of-$688 million in 2019 and-$835 million in 2020. In addition, according to media reports, FF expects an operating loss of $345 million to $385 million for the year ended December 31, 2021, and a net loss of $510 million to $550 million in 2021, a year-on-year increase of 247%.

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