Faraday Future announces an increase in financing commitment of US$90 million, delaying the first batch of FF 91 deliveries

According to news on June 28, Faraday Future recently announced that it has obtained additional financing support to further promote FF. 91 Financial guarantee is provided for the production and delivery of electric vehicles. It is reported that the amount of this financing commitment reaches US$90 million, led by existing investor ATW Partners Funds, while Senyun International is also involved. The investment was made based on Faraday Future's secured and unsecured financing options.

According to the editor’s understanding, this new financing commitment will help Faraday Future achieve its long-term strategic goals, including expanding production scale, further improving sales and service systems, promoting global business development, and optimizing daily operating cash flow. . At the same time, these funds will be used to support FF Continued production and delivery of 91 electric vehicles.

It is worth noting that Faraday Future recently announced that it will postpone FF 91 first delivery times. Delivery originally scheduled for the end of this month has been postponed to August. The delay was caused by supplier delays and the need for additional testing of the vehicles. However, Faraday Future stated that once the first batch of deliveries is completed, it will gradually deliver FF to all pre-orders. 91.

This additional financing of US$90 million will provide Faraday Future with more sufficient financial support, which will help Jia Yueting realize his car manufacturing dream. This also marks that Faraday Future continues to maintain the confidence of investors in the electric vehicle market, demonstrating their continued concern and support for Faraday Future's future development. Once funding is sufficient, we believe Faraday Future will be able to promote the development of electric vehicle technology and provide users with higher quality products and services.

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