Faraday Future Intelligent Electric Inc. (Nasdaq: FFIE) (“Faraday Future”, “FF” or “Company”), a California-based global shared intelligent electric mobility ecosystem company, today announced the completion of its first production build vehicle, FF91 Futurist, coming off its production line at its FF ieFactory located in Hanford, California. This follows its recently announced official start of production (SOP) of the all-new Ultimate Intelligent TechLuxury FF 91 Futurist Alliance.
The first FF 91 Futurist off the line is a historical milestone that marks a key manufacturing highlight for Faraday Future. It marks a turning point from testing, tooling, and construction to realizing the dream of producing the first true all abilities, all-in-one vehicle that will break new boundaries in the ultra-luxury car market. This also signifies that FF has achieved its first off-the-line complete production vehicle, verifying the Company’s production and system processes.
Quality is at the core of everything the Company does and with this level of care, along with the first official production car coming off-the-line by implementing strict production processes and quality requirements. The Company will constantly produce new production vehicles starting today and following industry best practice continuously improve and optimize product quality to lay a solid foundation for increasing production capacity, improving efficiency, and enhancing quality in subsequent stages.
The first vehicle rolling off the line today has changed significantly since the FF 91 was initially revealed. It now boasts a number of updates including brand-new core subsystems and technology platform which have undergone many rounds of iterations and upgrades, both in terms of hardware and software. More details will be unveiled in the upcoming product launch event.
“Today, the line-off of our first production vehicle marks another major milestone in the history of Faraday Future, and hopefully, one of the most important milestones in the tech revolution of future mobility. We could never have accomplished this without our incredible team. Congratulations to everyone who has played a part in this achievement,” said YT Jia, FF’s founder and CPUO. “It has been an incredible journey for me to have led FF through hardships and obstacles to this point, and I am sincerely grateful to all the FF Futurists who have stuck by us through thick and thin.”
The FF ieFactory California, where the FF 91 Futurist is built, is a 1.1 million sq. ft facility strategically located between the technology hubs of Silicon Valley and Los Angeles in the Central Valley of California. It’s synonymous with a new class of production facilities where intelligent, connected, and electrified products are created, and become part of a larger connected, shared user ecosystem. FF is creating a state-of-the-art facility using highly skilled craftsmanship and leading-edge automation to rival the top luxury automakers around the world and also has the ability to personalize each vehicle to meet the style and functionality requirements of each FF 91 user.
“The first car was successfully assembled, and the core software system operated smoothly. This marked the first time in FF’s history that its established production process was completed. This represents that FF has mastered the entire process from styling, design, research and development, testing to industrialization, thanks to the full support and high-quality delivery of more than 200 global suppliers,” said Xuefeng Chen, Global CEO of Faraday Future. “Through the successful completion of SOP and the first production vehicle coming off-the-line, it also helped FF transition from a project-oriented phase to an operational phase with the goal of production and delivery.”
The Company recently announced its three-phase delivery plan for the FF 91 vehicle. The first phase to start the Company’s delivery plan of its FF 91 vehicle is the “Industry Expert Futurist Product Officer (FPO) Co-Creation Delivery.” In this first phase, the Industry Expert FPO(s) will pay in full for these FF 91 vehicles in order to reserve the vehicle and be trained in the use of the vehicle. The Industry Expert FPO(s) will take possession of the reserved FF 91 vehicle at the beginning of the second phase. The Company expects this first phase to begin at the end of May.
The second phase in the Company’s delivery plan of its FF 91 vehicle is the “FPO Co-Creation Delivery.” In this second phase, FPO(s) will pay in full for the FF 91 vehicles and will take possession of the FF 91 vehicles.
Following the second phase, the third phase in the Company’s delivery plan of its FF 91 vehicle is the “Full Co-Creation Delivery.” In this third phase, the Company will deliver FF 91 vehicles to all spire users that pay in full for the FF 91 vehicles.
This three-phase delivery plan allows the most flexibility for our manufacturing operations and market demand, while delivering the best product to our users. This will also help to mitigate any production capacity shortfalls versus anticipated market demand.
FF 91 Vehicle
The FF 91 Vehicle is the only Ultimate Intelligent TechLuxury electric vehicle embodying the next-gen disruptive technology, tailored for the ultra-spire user. The FF 91 Vehicle features an industry-leading 1,050 horsepower, an EPA-certified range of 381 miles, and 0-60 mph acceleration in 2.27 seconds. It provides users a unique rear cabin intelligent Internet system, and a revolutionary user experience designed to create a mobile, connected, intelligent, and luxurious third Internet living space and user mobility ecosystem. Significant recent upgrades of systems and components to FF 91 – both in the EV area (powertrain, battery, charging, chassis, and interior) and I.A.I. area (Computing, sensing, communication, user interface) make FF 91 a leader in the ultra-luxury segment. The FF 91 Vehicle is the Company’s first production vehicle and flagship model that will be offered in both the U.S. and China markets.