Faraday Future's California factory is expected to have an annual production capacity of 10,000 units, with a total investment of over US$200 million.

Matthias Aydt, global CEO of Faraday Future, announced in an open letter that the company’s self-operated factory in Hanford, California is about to reach the milestone of annual production capacity of 10,000 electric vehicles. This important development marks the company's ambitions for the electric vehicle market, with total investment exceeding US$200 million. Aydt said that through unremitting efforts and teamwork, the company's production lines will be more efficient to meet the growing market demand. He also emphasized the company's commitment to innovation and sustainability and its commitment to promoting the advancement of electric vehicle technology. This news is important for Faraday Future and the entire electric vehicle industry

Matthias Aydt stated in the letter that although FF has faced the challenges of financial constraints and the global economic downturn in the past year, including the changing competitive landscape of the electric vehicle industry, the company has still made significant progress. He emphasized that 2023 will be a turning year for FF. As the company enters the revenue delivery stage, a complete closed loop of user acquisition, delivery and user operations will be formed, laying a solid foundation for the company's next stage of development.

According to the editor’s understanding, FF has become one of the only five new electric vehicle companies in the world to pass US compliance certification, together with Tesla, Lucid, Rivian and Fisker are equally famous. The company has invested US$3 billion in electric vehicle platforms, I.A.I technology, product development and manufacturing capabilities, and has more than 660 patent applications or authorizations related to electric vehicles and I.A.I technology. In addition, FF also plans to take advantage of the cultural advantages of dual home stadiums to compete in the two major electric vehicle markets of China and the United States, and is expected to expand to the Middle East market in 2024.

In order to demonstrate the company’s brand strength, FF has successfully signed many high-profile car owners, co-founders and cooperative companies, such as Chris Brown and Motev companies, etc. At the same time, the company is actively promoting the combination of online direct sales models and offline experience centers, and plans to set up FF partner stores in multiple target markets around the world to provide consumers with customized on-site experiences.

Starting from the third quarter of 2023, FF’s flagship product FF 91 2.0 Futurist Alliance will enter the second phase of the three-phase delivery plan. This step shows that the company is advancing its product delivery plan in an orderly manner and gradually moving towards commercialization goals.

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