Faraday Future will require $325 million to launch the first serial electric vehicle

Faraday Future will require $325 million to launch the first serial electric vehicle

Founded in 2014, Faraday Future intended to start the production of electric vehicles as early as 2018, but after repeated transports by June of this year, it was confident that it would be able to produce a series of FF 91 crossovers by July, and that it would not require additional funds. In reality, the launch date would be postponed again and another $325 million would be required to organize the production.

In February of this year, Faraday Future announced that it had begun to produce pre-serial samples of FF 91 electric vehicles. The machine provides impressive characteristics, such as three electric motors with a combined capacity of 1050 horsepower and a capacity to change 100 km/h in 2.39 seconds. The LG Energy Solution battery should provide a range of 480 km, while developed driver assistance systems can even determine the emotional state of the driver to choose the music follow.

Last month, Faraday Future announced that the company had enough funds to start production of the FF 91 series, but in the second half of the year it would still have to attract additional investments to scale up production.

In a recent application submitted to American regulators, Faraday Future reports that the start of a series of manufactures of FF91 electric vehicles will have to be moved to the third or fourth quarter of this year, and for its organization, the company will have to raise another $325 million.