Faraday Future said Wednesday it plans to start production of its all-electric FF 91 Futurist SUV at the end of March after years of delay, lack of capital and internal drama that threatened the company’s existence.
Faraday Future had previously indicated that production would start in March, but had yet to select a date.
There are two caveats to this milestone, however. The company said in its full-year and fourth-quarter earnings report that start of production will begin March 30 if it receives the remaining funds expected from investors and if suppliers are able to meet its requirements. Faraday Future said in February that it had reached financial commitments of $135 million in convertible secured notes, capital that the company said would allow it to start production. A …
