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Faraday has been established for eight years, and its first model has been launched for nearly six years. Over the past few years, though, both Faraday Future officials and Jia Yueting have repeatedly said that the first model is about to be mass produced. But until now, it may be the closest to the dream of mass production of FF 91 Futurist.

Yesterday, Faraday Future official said: the six-day countdown, Beijing time on March 30th, FF will hold FF 91 Futurist production start-up (SOP) ceremony. At the same time, it said that the final launch of FF 91 Futurist will be held on April 26, 2023, before the first vehicles are delivered to users. This also means that FF has received funds from investors in a timely manner.

Chen Xuefeng, FF Global CEO, said: "in recent months, we have been moving towards the SOP milestone, thanks to our dedicated team and our investors and suppliers who support us. We are pleased to see the results of years of unremitting efforts, and we are committed to achieving the only goal of bringing the extremely smart technology luxury FF 91 Futurist to market. " According to Faraday's announcement earlier in the future, the first cars of the FF 91 Futurist will be offline in early April 2023 and delivered to customers by the end of April 2023.

According to relevant information: Faraday was founded in 2016, and the FF 91 is its first model, positioned as a luxury electric vehicle worth more than $100000. The vehicle accelerates at 0-60 mph in 2.39 seconds, can output 1050 horsepower, can drive 300 + miles on a single charge, and has a range of up to 700km under NEDC conditions. He made his debut in Las Vegas in 2017, but he was unable to mass-produce the car until February 2022, when he was unable to make a mass production due to a shortage of funds. As for FF91, Jia Yueting, the future founder of Ferrari, has said that FF91 has subverted traditional super-luxury brands such as S Maybach, Ferrari and Bentley. According to official sources, as of November 17, 2022, Faraday has received 369 pre-sale orders in the future.

It is worth noting that the first model of Faraday's future has been postponed four times because of the shortage of funds. Fortunately, in 2023, the mass production process of the first Faraday model has been advanced, in addition to resolving the high-level conflicts within FF to allow Jia Yueting to regain control of FF, and received another $135 million in financing. In addition, it has also reached a cooperation with the Huanggang municipal government to locate the FF China headquarters in Huanggang City.

At the same time, in order to sprint production and delivery, Faraday will also issue cash incentives and equity incentives to all active employees in February. Chen Xuefeng, FF global CEO, said: the employee incentive program will help our employees focus on the company's SOP (production) and SOD (delivery) milestones. I would like to thank every dedicated FF employee, especially those who are in the same boat with us. It is hoped that employees who love, believe and work hard for the company will be fairly motivated.

Of course, the mass production of the FF 91 Futurist is good news for Faraday's future. However, it also means that more money is needed to support it in the future. As for Faraday's future, its funds have always been scarce. According to Faraday's latest full-year results for 2022, Faraday's net loss for the next fiscal year in 2022 will be $552.1 million (about 3.8 billion yuan), an increase of $35.6 million compared with a net loss of $516.5 million in 2021. In addition, in order to realize its dream of building a car, Faraday has made a cumulative loss of $1.3581 billion in the four years from 2019 to 2022. Of this total, the net loss was $517 million in 2021, $147 million in 2020 and $142 million in 2019.

As the major car companies have accelerated the launch of new electric vehicles, there are more and more new energy vehicle models on the market. FF 91Futurist enters the market at this time, and it is difficult to occupy a place. After all, in addition to the price, Faraday's future brand image has also been seriously damaged by repeated delays in mass production, making it difficult for consumers to regain their confidence in FF 91Futurist products.

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