Faraday Future Intelligent Electric, Inc. (NASDAQ: FFIE), (“FF” or the “Company”), a California-based global shared intelligent electric mobility ecosystem company, today announced it has shipped one of the latest production-intent FF 91 Futurist testing vehicles to China for market testing and validation, including charging and infrastructure compatibility along with other hardware and software applications. The vehicle was completed at FF’s Hanford California manufacturing facility, “FF ieFactory California,” and has already arrived in Shanghai. This shipment validates the Company’s planned promotion of its US-China dual-home market strategy, which calls for production and sales in both the U.S. and China, the world’s two largest markets for electric vehicles.
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Final preparations and vehicle testing are underway for FF’s production-intent vehicles built to focus on the Chinese market. The Company expects to start production of a saleable FF 91 Futurist in late March 2023, with deliveries in April, assuming receipt of investor funds on the Company’s expected timeline.
“I’m excited to see the realization of our U.S-China dual-home market strategy take shape as we ship one of our latest vehicles to China for testing purposes,” said Chen Xuefeng (XF), Global CEO of FF. “Stay tuned as we prepare the Ultimate Intelligent TechLuxury FF 91 Futurist for the two largest global EV markets.”
FF is completing its testing and validation of the FF 91 Futurist through the Product and Technology Generation 2.0 program (PT Gen 2.0). The generational upgrade from PT Gen 1.0 to PT Gen 2.0 consists of significant upgrades of systems and core components in both the vehicle and the I.A.I area – the advanced core, which stands for Internet, Autonomous Driving, and Intelligence. PT Gen 2.0 was achieved through upgrades of 26 major systems and components, with 13 key upgrades throughout powertrain, battery, charging, chassis, interior from EV areas, and 13 key upgrades in computing, sensing, communication, user interaction, and performance of the FF 91 Futurist.
With the recently announced round of financing commitments, and the help of our global supply chain partners, FF is now closing in on the 7th milestone, which is the start of production (SOP). The Company recently announced the completion of the 6th milestone, the completion of construction and equipment installation in vehicle assembly areas at FF ieFactory California. This marked the sixth of the seven milestones that FF set in 2021 to mark its manufacturing achievements leading to start of production of the FF 91 Futurist.
Competing with Ferrari, Maybach, Rolls Royce, and Bentley as the only next-gen Ultimate Intelligent TechLuxury EV product, the FF 91 Futurist offers a unique and intelligent EV experience with extreme technology and an ultimate user experience. The FF 91 Futurist features an industry-leading 1,050 horsepower, an EPA-certified range of 381 miles, 0-60 mph in 2.27 seconds, a unique rear intelligent Internet system, and a revolutionary user experience designed to create a mobile, connected, intelligent, and luxurious third Internet living space.
Source: Faraday Future Intelligent Electric
