Faraday Future announced today that Sean Lee, philanthropist and founder of the non-profit organization Purist Group, has received his FF 91 2.0 Futurist Alliance at the FF headquarters in Los Angeles, California, and has already been on the track. The FF 91 2.0 Futurist Alliance was co-created and tested inside and outside.
Earlier this month, Faraday Future just delivered his new car to American singer, songwriter, dancer, actor and entrepreneur Chris Brown, and announced that he has officially become the FF car owner and developer co-creator.
Judging from Faraday Future’s third quarter financial report, the company achieved revenue generation for the first time – raising a total of US$61.8 million through convertible notes, equity line of credit (ELOC) and ATM financing.
In addition to the equity financing, FF successfully raised capital through the sale and leaseback of its manufacturing facility in Hanford, California. Through the transaction, FF released up to $12 million of non-dilutive equity capital earmarked for significant improvements and fundamental development of the plant.
Since the successful launch of the second phase of co-creation deliveries on August 12, 2023, FF aims to scale up production of the FF 91 and begin the third phase of delivery, i.e. full delivery of the vehicle to users, by the end of the first quarter of 2024. The company aims to achieve production of about 1,000 vehicles next year under its current plant improvement and ramp-up plan.
