Faraday Future announced that the company was not affected by the collapse of the Silicon Valley Bank, and had no cash or cash equivalents deposited in the Silicon Valley Bank, and had no direct relationship with the bank.
Faraday Future said that the company had obtained the dealer license for its U.S. business from California, and would enter the market with the unique direct sales model disclosed earlier, and confirmed that it would hold the final press conference for FF 91 Futurist on April 26, 2023.
Image credit：Faraday Future
FF announced its financial results for the fourth quarter and the whole year of 2022 as of December 31, 2022 last week.
The financial report shows that the operating expenses of FF for the fiscal year ended December 31, 2022 were $451 million, and the operating expenses for the fiscal year ended December 31, 2021 were $354.1 million. During the three months ended December 31, 2022, the operating expenses were US $83.9 million, compared with US $121.4 million in the same period of the previous year.
Image credit：Faraday Future
In terms of production and delivery, FF said that on the condition that it received the funds from the company’s investors in time and the suppliers met the requirements of the supply chain, FF planned to start production of the flagship model FF 91 Futurist at the manufacturing plant “FF ieFactory California” in Hanford, California on March 30, 2023. The first batch of vehicles would be offline from the assembly line in early April 2023 and delivered to customers before the end of April 2023.
Image credit：Faraday Future
It is reported that FF is completing the final test and verification of FF 91 Futurist through the Product and Technology Generation 2.0 (PT Gen 2.0) project. The upgrade from PT 1.0 to PT 2.0 includes major upgrades of systems and core components in the fields of vehicles and I.A.I. PT 2.0 is realized through the upgrading of 26 main systems and components, of which 13 key upgrades are from the powertrain, battery, charging, chassis and interior, and the other 13 are from computing, sensing, communication, user interaction and FF 91 Futurist performance.
Image credit：Faraday Future
Source：IThome
