Initially, the EV was supposed to roll off the production line in 2018, but the start-up struggled to secure enough funding, which repeatedly postponed its launch. However, a few weeks ago, Faraday Future was finally able to secure $135 million to complete its financing, thus ensuring the start of production of its first EV model.
The FF 91 is a crossover model with three engines and all-wheel drive, offering a range of up to 381 miles (about 613 km) with its 130-kWh battery. Although the EV start-up has not revealed how many units will be produced, it has been reported that only 369 pre-orders for the model are still available.
In addition to the standard FF91 Futurist, there will be a limited edition of 300 copies of the FF 91 Alliance, featuring exclusive colors and car rims. Customers can configure and pre-order the EV on Faraday Future's website, but the company has yet to reveal the official pricing for the luxury BEV, which is estimated to cost between $150,000 to $200,000, or around €138,000 to €184,000.
Faraday Future plans to begin selling the FF 91 in the Los Angeles metropolitan region this year, followed by the San Francisco Bay Area and the New York metropolitan region. In China, the first sales will be in Shanghai and Beijing.
Faraday Future FF91
The EV start-up has also revealed its three-phase plan for the future, which includes delivering all FF91 variants on time, introducing future models, and creating a mobility ecosystem with a rapid increase in eco revenues. This growth in eco revenues would include internet apps, software, and sharing.
The start of production for Faraday Future's debut model marks a significant milestone for the EV start-up, which has struggled to secure funding in the past. The launch of the FF 91 could also have significant implications for the EV industry, as it represents a new entrant in the luxury EV market, competing with the likes of Tesla and Lucid Motors.
Source: Faraday Future
