On August 13th, Faraday Future (FFIE, stock price $0.213, market value $94.046 million) announced on social media the delivery of its 13th FF 91 2.0 car.
Senior FF employee and global communication and community sales manager Gao Wei has become the latest owner of the FF 91 2.0 Futurist Alliance. This is the second FF 91 2.0 Futurist Alliance recently delivered after the restart of the second phase of delivery (SOD2).
FF stated that before joining FF, Gao Wei had over 15 years of experience in the automotive industry and media.
It is worth noting that FF delivered the last car two months ago.
On June 13th, FF announced the completion of the delivery of a new car to a senior individual investor user. This is the 12th FF 91 2.0 Futurist Alliance delivered by FF since its mass production delivery in 2023, and also the first delivery completed by FF after a four month hiatus in delivery work. Due to a shortage of funds, we were unable to purchase parts and have not delivered a new car for four months, "Jia Yueting admitted." The restart of SOD2 this time may be a very small matter for many mature companies, but it is a very important milestone for FF at the current stage, and may even be a turning point.
According to Matthias Aydt, global CEO of FF, as long as the required component funds can be raised before completing the strategic investor financing, FF will strive to deliver one new car per month.
On the same day, Jia Yueting said, "FF is considering launching a second brand under the 'China US Automotive Industry Bridge Strategy', which will empower FF's high-value solutions and functions to future mass market products, allowing more individual investors and users to enjoy our extremely intelligent technology luxury
According to public information, Jia Yueting began his "car making dream" in 2014 and founded Faraday Future. In January 2017, FF released its first mass-produced car, the FF 91. But six months later, in June 2017, LeEco's financial crisis broke out, and Jia Yueting boarded a plane to the United States, where he was mocked by onlookers as "returning home next week".
According to Blue Whale News, on May 31, 2023, Jia Yueting announced that the FF 91 2.0 Futurist ALLIance will be sold for $309000 (approximately RMB 2.2 million) and limited to 300 units worldwide.
According to official data from FF Motors, a total of 10 FF 91 2.0 Futurist Alliance vehicles will be delivered throughout 2023. On February 7, 2024, FF Motors once again announced the delivery of one FF 91 2.0 Futurist Alliance to the public.
Adding the two cars delivered in June and today, Jia Yueting has been producing cars for 10 years and has already delivered 13 cars.
As of the previous day's stock market close, Faraday Future's stock price fell 4.48%.
Daily Economic News is compiled from Faraday Future's official Weibo account, Blue Whale News, and public information