Faraday Future, the American electric vehicle (EV) manufacturer, has once again encountered a setback, as the company has announced yet another delay in the first delivery of its highly anticipated FF 91 model.
Despite starting production around two weeks ago, the company has postponed the first delivery until the end of the second quarter, citing an inability to meet its time requirements by certain suppliers as the reason for the delay. However, the exact identity of these suppliers and the components involved has not been revealed.
In an attempt to reassure customers who have already paid for the FF 91, the company is set to mark a milestone in its production process by holding an event on Friday evening to celebrate the first vehicle rolling off the production line. Nonetheless, these customers will have to wait until the beginning of the second phase, which is scheduled to begin at the end of the second quarter, to receive their vehicles.
The EV maker has been upfront about its financial issues, stating that it needs further capital to ramp up production. While the delay in the first delivery of the FF 91 is not a good sign, the company has been able to secure $135 million in funding recently, enabling it to initiate production in March.
However, the statement by the company also reveals that it still requires significant additional funding to launch the second and third phases of its delivery schedule, and the exact amount of funding required has not been disclosed. The company’s future depends on its ability to obtain sufficient financing in time.
Faraday Future has had a tumultuous history, and the start of production has been delayed by a total of five years from the original projected production start date of 2018. Despite this, the company has persevered, and this latest delay is not a sign of giving up. In the highly competitive EV market, Faraday Future’s success will depend on its ability to overcome these challenges and deliver a high-quality vehicle to its customers.
