Faraday Future in the recently held investor webcast communication, announced the FF 91 2.0 Futurist Alliance’s October delivery plan, as well as the company’s current goals.
Faraday Future said it delivered three FF 91 2.0 Futurist Alliance units in the third quarter and will hold weekly “Delivery Co-Creation Days” in October, which will be attended by each of the four owners. Scaled, high-quality deliveries remain the company’s most critical strategic goal at this time.
The company said FF has invested approximately $3 billion and delivered the FF 91 2.0 Futurist Alliance, a true all-around aiHyper vehicle, which is ready for sale after validation, road testing and delivery to the first customers. The vehicle is fully compliant with U.S. production and delivery requirements. In addition, the supply chain is in place, allowing the company to take delivery of all necessary parts. All of this signals a positive shift in the company’s fundamentals, a complete operational loop, and that FF has begun to enter the “revenue-generating phase” of its business.
▲ Photo courtesy of Faraday Future’s official blog
In addition, the company has adopted a dual home turf strategy (China and the US), arguing that its ability to enter the Chinese market (the world’s largest automotive market) is “unique” among ultra-premium automakers such as Rolls-Royce, Ferrari, Bentley and Maybach. The company will focus on “improving margins, increasing automotive awareness and building brand strength”.
Faraday Future (FF) officially announced last week that Matthias Aydt, who has worked for FF for many years, has been appointed as FF’s global chief executive officer, effective September 29, 2023.
Meanwhile, current FF Global CEO Xuefeng Chen (XF) will be based in China from September 29, 2023, and will continue to serve as CEO of FF China, as well as Executive Vice President of Global Industrialization for FF. Xuefeng Chen will focus on the next phase of the company’s growth with the launch of the FF 91 2.0 Futurist Alliance in China, including the implementation of the dual home turf strategy in the U.S. and China.
