In January 2017, FF 91, the first model of Faraday Future founded by Jia Yueting, was unveiled at CES in Las Vegas, USA.
Now is Jia Yueting’s sixth year of building cars, six years of car building dream, may actually come true this year.
Today, FF officially released a new promotional video and said that FF has shipped one of its latest FF 91 Futurist quasi-mass production test cars to China for market testing and verification, including charging and infrastructure compatibility with other hardware and software applications.
The car was completed at FF ieFactory California in Hanford, California, and has arrived in Shanghai.
FF previously announced that as of February 9, the company received a full down payment of $50 million ($44.5 million after original discount and transaction costs) on the first tranche of its recent $135 million funding commitment round.
FF expects to receive the remaining $25 million ($22.5 million after deducting original discounts and transaction costs) by February 17, subject to certain certain conditions being satisfied.
It is understood that the remaining funds will arrive within 5 working days after the relevant conditions are met or exempted. In addition, a special meeting of shareholders will be held on February 28 to consider a proposal to increase Faraday Future’s authorized shares of common stock.
In response to this new development, Jia Yueting expressed his gratitude to FF shareholders and investors for their trust and support.
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FF expects to begin mass production of the saleable FF 91 Futurist in late March 2023, with the production line expected to roll off in early April and delivery by the end of April. The FF ieFactory California plant will produce the EV FF 91 for the North American and Chinese markets.