Faraday Future said earlier this month that it is on pace to commence production of its first car when it presented its financial report for 2022. Since its inception in 2014, the firm has had several false starts and has had to repeatedly push back the model’s manufacturing and shipping schedules. This time, the business was able to stay to its schedule: Faraday Future has announced that manufacturing of the FF 91 Futurist electric car has begun at its plant in Hanford, California.
Faraday Future introduced the FF 91 Futurist in February 2022, with plans to begin production in the third quarter of that year. That clearly did not materialise, and the business informed investors that it was due to a lack of funds for its commercial debut. True, the manufacturer has struggled financially over the years, almost running out of funds in 2017 when Season Smart, subsequently bought by Chinese firm Evergrande Health, decided to support it with $2 billion.
Faraday, on the other hand, burned through Season Smart’s first $800 million funding investment too soon and ended up arguing with the investor. Hundreds of workers were furloughed (and eventually let go) while the disagreement was continuing. It also had to cancel plans to develop a $1 billion manufacturing plant in Las Vegas and sell the land for $40 million.
The FF 91 Futurist boasts 1,050 horsepower, a range of 381 miles as approved by the EPA, and a time of 2.27 seconds from zero to 60 mph. It will be offered both in the United States and in China; in the United States, consumers in Los Angeles will get their units first, followed by those in San Francisco and finally purchasers in New York. According to Reuters, deliveries in the United States will start in April 2023. The business did not provide a start date for deliveries, but it did announce a final launch event for the FF 91 Futurist on April 26th.