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Faraday Future Hosts Successful Community Day, Receives Temporary Certificate of Occupancy and Prepares for Upcoming Job Fair for its Hanford Manufacturing Facility
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Rhea-AI Summary
Faraday Future Intelligent Electric (FFIE) has made significant progress at its Hanford, California manufacturing facility, receiving the Temporary Certificate of Occupancy (TCO). This milestone enables the company to begin production of the FF 91 electric vehicle, with plans to hire 50 employees by year-end and up to 350 more in 2022. FF also hosted a community day to engage with local residents about job opportunities and the flagship FF 91 EV. A job fair is scheduled for November 10 to attract talent from the local workforce.
Positive
Received Temporary Certificate of Occupancy for Hanford facility.
Plans to hire 50 employees by year-end and up to 350 in 2022.
Scheduled job fair for November 10 to attract local talent.
Negative
None.
FF shares details on its brand, flagship FF 91 EV and upcoming plans for hiring at its 1 million sq. ft. manufacturing plant with the Hanford community
FF announces it received the Temporary Certificate of Occupancy at its Hanford facility as it begins work on its next pre-production vehicles
FF to host Job Fair at the Hanford Civic Auditorium on Wednesday, November 10
HANFORD, Calif.--(BUSINESS WIRE)--
Faraday Future Intelligent Electric Inc. (“FF”) (NASDAQ: FFIE), a California-based global shared intelligent electric mobility ecosystem company, today announced that it hosted an important and beneficial community day at the Hanford Civic Auditorium and also received its Temporary Certificate of Occupancy (TCO) for its manufacturing facility in Hanford, California. The many guests at the community day received an introduction to the FF brand, a first-hand look at the flagship, ultimate intelligent techluxury FF 91, and heard from FF executives regarding production plans in Hanford, along with employment opportunities and more.
Matt Tall, Vice President of Manufacturing at Faraday Future (FF) Speaks at the Recent FF Community Day in Hanford, California. (Photo: Business Wire)
The obtaining of the TCO for the Hanford facility is an important step for FF as it remains on track for the start of production and user-deliveries of the FF 91 next summer. The TCO will allow FF to begin crucial construction activities, including the building of additional pre-production vehicles at the facility. In anticipation of the upcoming work, FF will hire 50 new employees at its Hanford production facility by year end and up to an additional 350 more in 2022 as it ramps up production.
“Yesterday’s community day discussion and awarding of the TCO in Hanford allows FF to both engage with local residents and the prospective workforce and to ensure our manufacturing facility is ready to build the FF 91 and move FF in a positive direction,” said Matt Tall, Vice President of Manufacturing. “FF is committed to the expansion of our innovative workforce by discovering local talent, from engineers to assembly line workers. Hosting a community day and job fair are ways for FF to both showcase our unique brand and culture and also gather interest from prospective talent.”
“I want to thank FF for coming to Hanford yesterday and engaging with the Hanford community and giving our workforce a thorough update on the company, the brand, the unique qualities of their flagship FF 91 and most importantly, an update on the facility here in Hanford and the many job opportunities they will bring to the community,” said Hanford Mayor Francisco Ramirez. “At the end of the day, FF is creating quality jobs here in Hanford, and as we saw in their presentation, it’s the synergy of a family atmosphere along with a dedicated company like FF that’s creating this positive employment opportunity with our community.”
As a follow up to yesterday’s community day in Hanford, FF will host a Job Fair at the Hanford Civic Auditorium from 4:30 - 7:30 p.m. PT on Wednesday, November 10. The Job Fair will showcase opportunities available with FF, and how individuals can apply to join the team. For those interested in joining the FF team, please complete the following questionnaire: https://www.ff.com/us/events/HR-Questionnaire/.
Established in May 2014, FF is a global shared intelligent electric mobility ecosystem company, headquartered in Los Angeles, California. Since its inception, FF has implemented numerous innovations relating to its products, technology, business model, profit model, user ecosystem, and governance structure. On July 22, 2021, FF was listed on NASDAQ with the new company name “Faraday Future Intelligent Electric Inc.”, and the ticker symbols “FFIE” for its Class A common stock and “FFIEW” for its warrants. FF aims to perpetually improve the way people move by creating a forward-thinking mobility ecosystem that integrates clean energy, AI, the Internet and new usership models. With the ultimate intelligent techluxury brand positioning, FF’s first flagship product FF 91 Futurist is equipped with unbeatable product power. It is not just a high-performance EV, an all-ability car, and an ultimate robotic vehicle, but also the third internet living space.
This communication shall neither constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.
FORWARD LOOKING STATEMENTS
This press release includes “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements 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 outside FF’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include FF’s ability to execute on its plans to develop and market its vehicles and the timing of these development programs; FF’s estimates of the size of the markets for its vehicles and costs to bring its vehicles to market; the rate and degree of market acceptance of FF’s vehicles; the success of other competing manufacturers; the performance and security of FF’s vehicles; potential litigation involving FF; the result of future financing efforts and general economic and market conditions impacting demand for FF’s products. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the preliminary registration statement on Form S-1 recently filed by FF and other documents filed by FF from time to time with the SEC. 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 put undue reliance on forward-looking statements, and FF does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
What recent milestone did Faraday Future achieve at its Hanford facility?
Faraday Future received the Temporary Certificate of Occupancy (TCO) for its Hanford facility, allowing it to commence production activities.
When is the job fair hosted by Faraday Future?
The job fair hosted by Faraday Future is scheduled for November 10 from 4:30 to 7:30 p.m. PT.
How many employees does Faraday Future plan to hire at the Hanford facility?
Faraday Future plans to hire 50 employees by the end of 2021 and an additional 350 employees in 2022.
What is the significance of the Temporary Certificate of Occupancy for FFIE?
The Temporary Certificate of Occupancy is crucial for FFIE as it enables the start of production and construction of pre-production vehicles at the Hanford facility.
