Faraday Future Targets April Delivery Of FF 91 Futurist EVs - Faraday Future (NASDAQ:FFIE)

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  • Faraday Future Intelligent Electric Inc FFIE anticipates the start of production of FF 91 Futurist at FF’s manufacturing facility FF ieFactory California at the end of March 2023.
  • The deliveries are expected to begin in April 2023.
  • Faraday is in discussions with both potential new investors and existing FF investors to provide the estimated $150 million – $170 million of additional capital needed to produce the FF 91 Futurist.
  • Also Read: EV Firm Faraday Future Gains After Replacing CEO
  • The company has received a draft $30 million binding letter of intent from a current FF investor, which remains subject to Board approval.
  • The FF 91 Futurist features 1,050 horsepower, an EPA-certified range of 381 miles, 0-60 mph in 2.27 seconds.
  • The vehicle also has a rear intelligent Internet system, and a user experience designed to create a mobile, connected, intelligent, and luxurious third Internet living space and user mobility ecosystem platform.
  • Also Read: EV Firm Faraday Future Doubtful Of Going Concern
  • Price Action: FFIE shares are trading lower by 20.8% at $0.38 in premarket on the last check Friday.
  • Photo Via Company

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Image and article originally from www.benzinga.com. Read the original article here.