Faraday Future Delays Launch of FF91 Electric SUV Again
【Summary】While Faraday Future revealed a production version of the FF91 electric SUV earlier this year, the company has had to push back the vehicle’s on-sale date to before the end of 2022.
Faraday Future entered the scene with promising vehicles. The electric startup based out of Los Angeles revealed a concept version of the FF91 SUV in 2017 at the Consumer Electronics Show. Back then, the automaker stated that production of the vehicle would begin in 2018. Unfortunately, 2018 came and left and the FF91 still hasn't arrived. The company has been busy battling financial issues. And those financial issues have caused Faraday Future to delay the launch of the FF91, again.
Now Delayed To Q4
While Faraday Future revealed a production version of the FF91 SUV earlier this February and stated that it planned to start manufacturing the EV in the third quarter of 2022, things have changed. Bloomberg now reports that Faraday Future is pushing back the production date of its first vehicle to the "third or fourth quarter of 2022." With the third quarter nearly underway, we think a fourth-quarter launch date is far more likely.
This isn't the first time Faraday Future has had to delay the FF91. It's delayed the model quite a few times. The latest delay is because the automaker needs more money. "The company needs additional cash to commercially launch the FF91, and is currently seeking to raise additional capital to fund its operations through December 31, 2022," stated the automaker in a filing. Faraday Future is reportedly looking to raise roughly $325 million.
Internal Turmoil Continues
As Bloomberg points out, the latest delay comes at a time when the electric startup is feuding with its founder Jia Yueting. Before the end of June, a shareholder group affiliated with Yueting demanded that a director be removed from Faraday Future's board. Yueting stepped down as Faraday Future's CEO in 2019 as part of a restructuring deal.
Launching an electric car company from the ground up isn't exactly easy. Various companies that include Lucid, Lordstown, Rivian, Nikola, and Canoo have run into issues when launching their companies. Given how difficult of a time Faraday Future has been having with bringing its first EV to market, one has to wonder if the startup has what it takes to compete with Tesla and General Motors.
The FF91 has had the same specifications since it was revealed in 2017. The SUV has three electric motors for a combined output of 1,050 horsepower. With all-wheel drive, the SUV can get to 60 mph in 2.4 seconds. The SUV has a 130-kWh battery pack with an estimated range of 378 miles.
Vineeth Joel Patel
Joel Patel has been covering all aspects of the automotive industry for four years as an editor and freelance writer for various websites. When it comes to cars, he enjoys covering the merger between technology and cars. In his spare time, Joel likes to watch baseball, work on his car, and try new foods
Rivian, Mercedes-Benz Partner to Produce Electric Commercial Vans
GM Offering to Buy Out Buick Dealers That Don’t Want to Sell EVs
Prices For Used EVs Continue to Rise as Gas Cars Drop
Rivian Discontinues Base Model for R1S, R1T
Tesla Believes Its Dojo AI System Will Help It Win the Self-Driving Car Race
Acura Prevision EV Concept Previews Brand’s Electric Future
Ford Reportedly Dropping 2024 Mustang Hybrid
Federal Tax Credit on EVs Still Applies to American-Made Vehicles
- Ford Issues ‘Stop Sale’ of the Electric Mustang Mach-E Over Possible Loss of Propulsion While Driving
- General Motors Announces Two Major Long-Term Supply Agreements for Enough Lithium and Cathode Material to Build 5 Million EVs
- Microsoft Partners With Volkswagen To Test Its HoloLens 2 AR Headsets
- Hyundai Motor Group is Investing $10 Billion in Advanced Mobility Technologies in the U.S. by 2025
- Ford is Testing a New Robotic Charging Station to Assist Drivers of EVs With Disabilities
- Volvo is Building a New EV Service and Training Facility at its U.S. Headquarters in New Jersey To Fast Track its Electrification Plans
- Ford Motor Co is Cutting 3,000 Jobs as it Transitions to Electric Vehicles, Software and Digital Services
- Polestar Shares the First Image of the Polestar 3 Electric SUV Ahead of its October Debut
- New Senate Deal Would Expand EV Tax Credits
- Mercedes-Benz Begins Production of the Highly Anticipated EQS Electric SUV in Alabama