Faraday Future Reports Financial Results for Fiscal Fourth Quarter and Full Year 2022
Faraday Future Intelligent Electric Inc. - Class A (FFIE)
Company Research
Source: GlobeNewswire
Announced the start of production (“SOP”) for the FF 91 Futurist at the “FF ieFactory California” on track for the end of March 2023, subject to the timely receipt of the previously announced and committed $135.0 million.The new financing commitments also provide for delivery by the end of April 2023 contingent on timely receipt of funds and suppliers meeting supply chain requirements.$111.6 million of funds have been received towards SOP funding target since December 2022, with an incremental $38.4 to $58.4 million to be received.Formed non-binding strategic partnership with the City of Huanggang in Hubei Province, China to relocate FF’s Future China headquarters.Announced Product and Technology Generation 2.0 Program featuring 26 major new system and component upgrades.Company to host final launch event of the FF 91 Futurist on April 26, 2023. LOS ANGELES, March 08, 2023 (GLOBE NEWSWIRE) -- Faraday Future Intelligent Electric Inc. (Nasdaq: FFIE) (“FF”, “Faraday Future”, or “Compa
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