Faraday Future (FFIE.O) today announced that the company will host an event at its headquarters in Los Angeles, California, to deliver the FF 91 2.0 Futurist Alliance to FF founder and Chief Product and user Ecology Officer Jia Yueting. Jia Yueting will participate in the FF co-creation mission plan and continue to pay attention to FF vehicles and technology improvement.

In addition, Faraday Future states:
FF will unveil one of the world's top music ICONS, who will be the next FF 91 2.0 Futurist Alliance owner and developer co-officer;
Jia Yueting will participate in three co-creation stages to enhance user experience and FF product strength.
According to reports, the so-called "co-creation" refers to the integration of more developers' insights through an open technology platform, inviting them to participate in research and development cooperation, and promoting the evolution of technology architecture and the achievement of future achievements.
According to reports, Jia Yueting's delivery co-creation activities will be divided into three stages.
On the day of the co-creation event, Jia Yueting will introduce the complete R&D and production process of FF 91 2.0 through a video, and outline the company's next stage of developer co-creation strategic planning.
Within a month after the delivery of the product, Jia Yueting will organize the company's senior executives to participate in product co-creation meetings, provide feedback based on their own product experience, and continuously improve the user experience.
One month after the delivery of the product, he will continue to provide product feedback through daily driving and use, and also provide reference suggestions for the development of FF's next generation products.
In addition, FF will introduce one of the world's top music stars, who will become the next FF 91 2.0 Futurist Alliance owner and developer co-officer.
He is a winner of the Grammy, AMA American Music Awards, BET Black Entertainment Television Awards, MTV Music Awards and other international music Awards, and his unique style is popular all over the world.
This superstar will become FF apex user and developer co-creation officer, which is not only the recognition of FF products by the top industry leaders in the United States, but also reflects the value and advantages of FF and developers co-creation model.
In addition, FF revealed that in October, FF plans to hold a weekly "Delivery co-creation Day" activity.
Annual investment of about 21.9 billion yuan! Only three FF 91 2.0 vehicles were delivered in the third quarter of this year
On September 27, FaradayFuture (FaradayFuture, hereinafter referred to as "FF") officially published a letter from FF Global CEO Matthias Aydt to all shareholders.
In the past nine years, we have invested about $3 billion (about 21.9 billion yuan) to make FF an emerging electric vehicle leader. These funds have been invested in our products and technology, allowing us to deliver our flagship FF 91.
High quality delivery at scale remains the most important strategic objective for the company today. In addition to the additional financing, the company plans to deliver more FF 91 2.0 Futurist Alliance vehicles to Spire users this year and ramp up production capacity and sales in the future.
The company is currently working hard to solve the financial problem. First, as the company moves into the delivery phase, we expect to receive funding from vehicle sales and existing unfulfilled financing commitments to meet the funding needs for expanding production capacity. Second, our effective shelf registration statement provides an efficient financing tool to raise capital and secure a new round of financing. Third, the company is actively communicating with strategic investors to ease funding problems.
However, it is worth noting that according to the data released by FF, in the third quarter of this year, FF delivered only three FF 91 2.0 Futurist Alliance vehicles.
In a letter to shareholders, Matthias Aydt said: "While the company is entering one of its most important phases since its inception, we are fully aware of the challenges the company will need to address and overcome, including securing the capital needed to support future growth." Today, we submitted our registration application for the ATM Financing program. Having this plan will provide the company with more financial flexibility and multiple options. Working with our investment banking team through ATMs, companies will be able to raise funds from the market at market prices. This allowed the company to discontinue the equity credit (ELOC) program and move away from the convertible note financing it had relied on over the past year. With the ATM program, the company hopes to be able to return to a more traditional corporate financing structure to support future financial growth.
FF said it is ready to expand production capacity and will continue to increase production to achieve the company's short and medium term strategic goals.
Jia Yuting once lamented that he had suffocated his dream for 9 years, and the insane persistence and determined efforts that were not understood led to the mass production of today's FF 91.