Faraday

EV startup Faraday Future continues its uphill battle to get its flagship EV, the FF 91 into production. According to its latest report, the launch of the FF 91, which was scheduled as early as this month, will be pushed deeper into 2022 as the company seeks additional capital to start production and beyond. This news is merely the latest chapter in the Faraday Future saga of struggle. Faraday Future Intelligent Electric Inc. ($FFIE) was founded in 2014 in Carson, California, south of Los Angeles. The company…

Back in February, Faraday Future presented the production version of its FF91 electric SUV at its California plant and said it would start manufacturing its long-delayed vehicle in the third quarter of 2022. Now, according to Bloomberg, the embattled company has revealed in a filing for investors that it has to push back the EV's production yet again and that it needs more cash for its commercial launch.  Apparently, the company said it has to delay FF91's deliveries to the "third or fourth quarter of 2022." Seeing as the…

Faraday Future FF91. (Photo: Faraday Future)Faraday Future expects the FF91 luxury vehicle to compete with brands such as Rolls-Royce, Volkswagen Group's Bentley, and Mercedes-Benz's MaybachReuters Last Updated:June 20, 2022, 14:34 ISTFOLLOW US ON:Faraday Future Intelligent Electric will be able to launch its FF91 luxury vehicle without the need for additional funding, Chief Executive Officer Carsten Breitfeld said on Wednesday in an interview with Reuters. Breitfeld added that the company would need to raise capital in…