Recently, Faraday Future posted a real picture of the production line on its official Weibo account, and said that the Faraday Future factory continued to install production equipment and began pre-production testing.
Image source: Faraday Future official Weibo
It is worth mentioning that the official also showed an FF91 frame that is on the assembly line, proving that the company is indeed producing cars.
On September 26, Faraday Future issued an announcement announcing that it had reached a final agreement with the company’s major shareholder FF Top on financing and board reorganization. The company’s current executive chairman Sue Swenson and former chairman and current director Brian Krolicki will Resign. Not only that, the company has also received up to 100 million US dollars in financing from Daguan and American ATW Partners. In fact, this appointment and removal made Jia Yueting the helm of FF again.
Public data shows that the cumulative deficit of Faraday Future since its establishment has reached as high as 3.2 billion US dollars, but it has not launched any products that can be marketed. In August, Faraday Future announced it would raise $600 million in funding to deliver the FF 91 luxury car later this year. But on Sept. 26, Faraday Future said in a filing with the U.S. Securities and Exchange Commission that it would delay deliveries of the FF 91 electric car.
