The Latest Breaking News from Faraday Future

The startup is now in the process of obtaining funds in order to get its first model into production, which it says will begin by the end of the year.

The EV startup says the range rating is based on a fully equipped Faraday Future FF 91 riding on 22-inch wheels.

 

 

Production is set to begin in the third quarter of this year.

The reservations are for the FF 91 Futurist Alliance Edition, which requires a $5,000 deposit, and the FF 91 Futurist, which can be reserved for $1,500.

Faraday Future will build several production-intent vehicles in the coming months for vehicle testing and validation, as well as final certification.

After many ups and downs over the four years since the FF 91 was shown, Farady Future finally says it has finished work the EV expected to cost around $180,000.

Faraday Future Intelligent Electric Inc (NASDAQ:FFIE) has entered into a partnership with South Korea-based automotive manufacturer Myoung Shin Co Ltd. Under the agreement, Myoung will manufacture Faraday Future's second vehicle, the FF 81, with the start of production scheduled for 2024.  The FF 81 is a mass-market electric vehicle with advanced connectivity and…