Faraday Future Secures 100 Sets of Fuji Vehicle Body Parts to Support FF 91 2.0 Manufacturing
Faraday Future (NASDAQ: FFIE) announced receiving a shipment of 100 sets of Fuji vehicle body parts for FF 91 2.0 production at its ieFactory in Hanford, California. The company also reported that its first two FX prototype mules are ready for shipment to Los Angeles. The company aims to optimize its global supplier network while advancing its FX brand strategy and continuing FF 91 2.0 production.
Faraday Future (NASDAQ: FFIE) ha annunciato di aver ricevuto una spedizione di 100 set di parti della carrozzeria Fuji per la produzione del modello FF 91 2.0 presso la sua ieFactory a Hanford, in California. L'azienda ha anche riferito che i suoi primi due prototipi FX sono pronti per essere spediti a Los Angeles. L'obiettivo dell'azienda è ottimizzare la propria rete di fornitori globale, avanzare la strategia del marchio FX e proseguire la produzione del FF 91 2.0.
Faraday Future (NASDAQ: FFIE) anunció que ha recibido un envío de 100 juegos de partes de carrocería Fuji para la producción del FF 91 2.0 en su ieFactory en Hanford, California. La compañía también reportó que sus dos primeros prototipos FX están listos para ser enviados a Los Ángeles. El objetivo de la empresa es optimizar su red de proveedores global mientras avanza en su estrategia de marca FX y continúa con la producción del FF 91 2.0.
파라데이 퓨처 (NASDAQ: FFIE)는 캘리포니아 한포드에 있는 ieFactory에서 FF 91 2.0 생산을 위해 100세트의 후지 차량 차체 부품을 수령했다고 발표했습니다. 또한 회사는 첫 두 개의 FX 프로토타입이 로스앤젤레스로 발송 준비가 완료되었다고 보고했습니다. 회사는 FX 브랜드 전략을 지속적으로 추진하고 FF 91 2.0 생산을 계속하기 위해 글로벌 공급업체 네트워크를 최적화하는 것을 목표로 하고 있습니다.
Faraday Future (NASDAQ: FFIE) a annoncé avoir reçu une expédition de 100 ensembles de pièces de carrosserie Fuji pour la production du FF 91 2.0 dans son ieFactory à Hanford, en Californie. L'entreprise a également rapporté que ses deux premiers prototypes FX sont prêts à être expédiés à Los Angeles. L'objectif de l'entreprise est d'optimiser son réseau de fournisseurs mondial tout en faisant avancer sa stratégie de marque FX et en poursuivant la production du FF 91 2.0.
Faraday Future (NASDAQ: FFIE) gab bekannt, dass es eine Lieferung von 100 Sätzen Fuji-Karosserieteilen für die Produktion des FF 91 2.0 in seiner ieFactory in Hanford, Kalifornien, erhalten hat. Das Unternehmen berichtete außerdem, dass seine beiden ersten FX-Prototypen versandbereit nach Los Angeles sind. Das Unternehmen zielt darauf ab, sein globales Lieferantennetzwerk zu optimieren, während es seine FX-Markenstrategie vorantreibt und die Produktion des FF 91 2.0 fortsetzt.
- Secured 100 sets of vehicle body parts for FF 91 2.0 production
- Completed first two FX prototype mules ready for shipment
- None.
Insights
The delivery of 100 vehicle body part sets from Fuji represents minimal progress in FF's production capabilities. While this enables some FF 91 2.0 production, the volume is extremely low for an automotive manufacturer. The company continues to face significant operational and financial challenges, with a concerning
The development of FX prototype mules, while showing R&D progress, diverts resources from the core FF 91 2.0 program at a time when the company needs to focus on generating revenue. The supplier network optimization efforts suggest ongoing supply chain instability. Without substantial capital injection and production scale-up, these incremental developments are unlikely to meaningfully impact FF's precarious market position.
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100 Sets of Fuji Vehicle Body Materials Shipped to FF ieFactory in
Hanford, California . -
First Two FX Prototype Mules Ready for Shipment to
Los Angeles .
In tandem, the readiness of the first Faraday X (FX) prototype mules for shipment to the
“The shipment of key materials for the FF 91 2.0 and the readiness of the first FX prototype mules for shipping underscore the resilience of our operations and our team’s ability to execute in challenging conditions,” said Matthias Aydt, Global CEO of Faraday Future. “We continue to work toward strengthening our supplier network and to enhance production capabilities.”
ABOUT FARADAY FUTURE
Faraday Future is the pioneer of the Ultimate AI TechLuxury ultra spire market in the intelligent EV era, and the disruptor of the traditional ultra-luxury car civilization epitomized by Ferrari and Maybach. FF is not just an EV Company, but also a software-driven intelligent internet Company. Ultimately FF aims to become a User Company by offering a shared intelligent mobility ecosystem. FF remains dedicated to advancing electric vehicle technology to meet the evolving needs and preferences of users worldwide, driven by a pursuit of intelligent and AI-driven mobility.
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, which include statements regarding FF 91 2.0 production, the shipping of FX protype mules, strengthening supplier and supply chain recovery, enhancing production capabilities, and executing on the Company’s FX strategy, 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 the Company’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, among others: the Company’s ability to secure additional necessary parts to produce the FF 91 2.0, the Company’s ability to secure the necessary funding to execute on the FX strategy, which will be substantial; the Company’s ability to secure agreements with OEMs that are necessary to execute on the FX strategy; potential unforeseen delays in the shipping of the FX protype mules; the Company’s ability to continue as a going concern and improve its liquidity and financial position; the Company’s ability to pay its outstanding obligations; the Company's ability to remediate its material weaknesses in internal control over financial reporting and the risks related to the restatement of previously issued consolidated financial statements; the Company’s limited operating history and the significant barriers to growth it faces; the Company’s history of losses and expectation of continued losses; the success of the Company’s payroll expense reduction plan; the Company’s ability to execute on its plans to develop and market its vehicles and the timing of these development programs; the Company’s estimates of the size of the markets for its vehicles and cost to bring those vehicles to market; the rate and degree of market acceptance of the Company’s vehicles; the Company’s ability to cover future warranty claims; the success of other competing manufacturers; the performance and security of the Company’s vehicles; current and potential litigation involving the Company; the Company’s ability to receive funds from, satisfy the conditions precedent of and close on the various financings described elsewhere by the Company; the result of future financing efforts, the failure of any of which could result in the Company seeking protection under the Bankruptcy Code; the Company’s indebtedness; the Company’s ability to cover future warranty claims; the Company’s ability to use its “at-the-market” program; insurance coverage; general economic and market conditions impacting demand for the Company’s products; potential negative impacts of a reverse stock split; potential cost, headcount and salary reduction actions may not be sufficient or may not achieve their expected results; circumstances outside of the Company's control, such as natural disasters, climate change, health epidemics and pandemics, terrorist attacks, and civil unrest; risks related to the Company's operations in
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Investors (English): ir@faradayfuture.com
Investors (Chinese): cn-ir@faradayfuture.com
Media: john.schilling@ff.com
Source: Faraday Future Intelligent Electric Inc.
FAQ
What new vehicle parts did Faraday Future (FFIE) secure for FF 91 2.0 production?
What progress has Faraday Future (FFIE) made on its FX prototype development?
Where will Faraday Future (FFIE) manufacture the FF 91 2.0?
