The company will employ best practices in assisted and autonomous assembly combined with quality craftsmanship to ensure the highest quality and end-user satisfaction.
This opportunity marks the first event of the company’s latest launch and delivery campaign and a new chapter in the company’s evolution.
HANFORD, CA, April 15, 2023–(BUSINESS WIRE)–Faraday Future Intelligent Electric Inc. (Nasdaq: FFIE) (“Faraday Future”, “FF” or the “Company”), a California-based global shared intelligent electric mobility ecosystem company, today announced closing announced its first production vehicle, the FF91 Futurist, which rolls off the assembly line at its FF ieFactory in Hanford, California. This follows the recently announced Official Production Start (SOP) of the all-new Ultimate Intelligent TechLuxury FF 91 Futurist Alliance.
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Faraday Future’s first production vehicle FF 91 rolls off the assembly line in its FF ieFactory California (Photo: Business Wire)
A link to the video highlighting the FF 91 build and subsequent offline event can be viewed here: https://www.youtube.com/live/HUFGgdah-g8?feature=share
The first off the assembly line FF 91 Futurist is a historic milestone that marks a major production highlight for Faraday Future. It marks a turning point of testing, tooling and engineering to realize the dream of producing the first full-featured all-in-one vehicle that will push new frontiers in the ultra-luxury car market. It also means that FF has reached its first complete production vehicle off the assembly line, thereby verifying the company’s production and system processes.
Quality is at the heart of everything the company does and with that level of care, along with the first official production car to come off the line through the implementation of rigorous production processes and quality requirements. Starting today, the company will constantly produce new production vehicles and continuously improve and optimize product quality in accordance with industry best practices to lay a solid foundation for increasing production capacity, improving efficiency and improving quality in the subsequent stages.
The story goes on
The first vehicle to roll off the assembly line today has changed significantly since the FF 91 was released. It now has a number of updates including brand new core subsystems and technology platforms that have gone through many rounds of iterations and upgrades, both hardware and software. More details will be announced at the upcoming product launch event.
“Today’s delivery of our first production vehicle marks another important milestone in the history of Faraday Future and hopefully one of the most important milestones in the technical revolution of future mobility. We could never have achieved this without our incredible team. Congratulations to everyone who contributed to this success,” said YT Jia, Founder of FF and CPUO. “It’s been an incredible journey for me, FF to this point through difficulties and to have navigated obstacles and I am sincerely grateful to all the FF Futurists who have stood by our side through thick and thin.”
The FF ieFactory California, where the FF 91 Futurist will be built, is a 1.1 million square foot facility strategically located between the technology hubs of Silicon Valley and Los Angeles in California’s Central Valley. It is synonymous with a new class of manufacturing facilities where smart, connected and electrified products are created and become part of a larger connected, shared ecosystem. FF creates a state-of-the-art facility with highly skilled craftsmanship and state-of-the-art automation to rival the leading luxury car manufacturers around the world, and also has the ability to personalize each vehicle to meet the style and functionality needs of each FF 91 user.
“The first car was assembled successfully and the core software system worked smoothly. This was the first time in FF history that the established production process was completed. This shows that FF has mastered the entire process from styling, design, R&D, testing to industrialization, thanks to the full support and high-quality delivery from more than 200 global suppliers,” said Xuefeng Chen, Global CEO of Faraday Future “Through the successful completion of SOP and the first production vehicle rolling off the assembly line, it also helped FF move from a project-oriented phase to an operational phase with the goal of production and delivery.”
The company recently announced its three-phase delivery schedule for the FF 91 vehicle. The first phase, which kickstarts the company’s delivery plan for its FF 91 vehicle, is the “Co-Creation Delivery” by the “Industry Expert Futurist Product Officer (FPO)”. In this first phase, the industry professionals pay FPO(s) in full for these FF 91 vehicles in order to reserve the vehicle and be trained in the use of the vehicle. The Industry Expert FPO(s) will take possession of the reserved FF 91 vehicle at the start of the second phase. The company anticipates that this first phase will begin in late May.
The second phase in the company’s delivery schedule for its FF 91 vehicle is FPO Co-Creation Delivery. In this second phase, FPO(s) will pay for the FF 91 vehicles in full and take possession of the FF 91 vehicles.
After the second phase, the third phase in the company’s delivery schedule for its FF 91 vehicle is “Full Co-Creation Delivery”. In this third phase, the company will deliver FF 91 vehicles to all Spire users who pay for the FF 91 vehicles in full.
This three-phase delivery schedule allows for the greatest possible flexibility for our manufacturing operations and market demand, while delivering the best product for our users. This will also help mitigate any production capacity bottlenecks versus expected market demand.
FF 91 vehicle
The FF 91 Vehicle is the only Ultimate Intelligent TechLuxury electric vehicle that embodies next-generation disruptive technology and is tailored for the Ultra Spire user. The FF 91 vehicle boasts an industry-leading 1,050 horsepower, an EPA-certified range of 381 miles and 0 to 60 mph acceleration in 2.27 seconds. It offers users a unique rear-seat intelligent Internet system and a revolutionary user experience designed to create a mobile, connected, intelligent and luxurious third Internet living space and user mobility ecosystem. Significant recent upgrades of systems and components for FF 91 – both in the EV area (powertrain, battery, charging, chassis and interior) and in the IAI area (computing, sensing, communication, user interface) make FF 91 a leader in the Ultra luxury segment. The FF 91 vehicle is the company’s first production vehicle and flagship to be offered in both the US and Chinese markets.
Users can order an FF 91 vehicle via the FF Intelligent App or via our website (English): https://www.ff.com/us/preorder/ or (Chinese): https://www.ff.com/cn pre-order /pre-order/
Download the new FF Intelligent App (English): https://apps.apple.com/us/app/id1454187098 or https://play.google.com/store/apps/details?id=com.faradayfuture. online, (Chinese): http://appdownload.ff.com
ABOUT FARADAY FUTURE
FF is the pioneer of the Ultimate Intelligent TechLuxury Ultra Spire market in the intelligent electric vehicle era and a disruptor of the traditional ultra luxury car industry. FF is not only an EV company, but also a software-driven Internet AI intelligent products company.
FOLLOW THE FARADAY FUTURE:
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https://www.ff.com/us/mobile-app/
https://twitter.com/FaradayFuture
https://www.facebook.com/faradayfuture/
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www.linkedin.com/company/faradayfuture/
NO OFFER OR SOLICITATION
This announcement does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of any securities in any jurisdiction where the offer, solicitation or sale is prior to registration or qualification under securities laws such a jurisdiction.
FORWARD LOOKING STATEMENTS
This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. As used in this press release, the words “estimate”, “forecast”, “expect”, “anticipate”, “forecast”. ‘, ‘plan’, ‘intend’, ‘believe’, ‘aim’, ‘may’, ‘will’, ‘should’, ‘future’, ‘propose’ and variations of these words or similar expressions (or the negative versions of such words or phrases) are intended to identify forward-looking statements. These forward-looking statements, which include, among other things, statements regarding the expected start of delivery (SOD) plan and timeline for our FF 91 Futurist vehicle (including required parts and completion of crash testing), additional financing and the timeline for obtaining it, are not guarantees of future performance, conditions or results and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the Company’s control, which could cause actual results or results to differ materially from those discussed in the forward-looking statements discussed. Important factors that could affect actual results or results include, among others, whether the amended shareholders’ agreement between the Company and FF Top dated January 13, 2023 satisfies the listing requirements of The Nasdaq Stock Market LLC, the market performance of the common stock of society; the Company’s ability to regain and thereafter comply with Nasdaq listing requirements; the Company’s ability to timely satisfy the conditions precedent and to complete the various financings previously disclosed by the Company and all future financings and to obtain timely portions required, the failure of which could result in the Company seeking protection under the Bankruptcy Act; the Company’s ability to amend its Articles of Incorporation to permit the issuance of sufficient authorized shares in connection with the Company’s existing and proposed financings; whether the company and the city of Huanggang could agree on final documents to implement the non-binding framework cooperation agreement; the Company’s ability to comply with its public filing obligations under the Securities Exchange Act of 1934, as amended; the outcome of the SEC investigation relating to the matters subject to the Special Committee’s investigation and other litigation in which the Company was a party; the Company’s ability to implement its plans to develop and commercialize its vehicles and the timing of those development programs; the company’s estimates of the size of the markets for its vehicles and the costs of bringing those vehicles to market; the rate and degree of market acceptance of the company’s vehicles; the success of other competing manufacturers; the performance and safety of the Company’s vehicles; potential litigation involving the Company; the outcome of future financing efforts and general economic and market conditions affecting demand for the company’s products; recent cost, staffing and salary reduction measures may not be sufficient or may not produce the expected results; and the Company’s ability to attract and retain directors and employees. The foregoing list of factors is not exhaustive. You should describe the foregoing factors and the other risks and uncertainties discussed in the “Risk Factors” section of the Company’s Registration Statement on Form S-1 filed March 20, 2023 and other documents filed by the Company from time to time carefully review the S. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to place undue reliance on any forward-looking statement, and the Company undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law .
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