Faraday Future Intelligent Electric Inc (FFIE) Sector
Information Technology

(Current) $0.54
-0.01 (-1.85%) Open Price: 0.56

 

Faraday Future Intelligent Electric Inc. (FF) is an American electric vehicle manufacturer and technology company, founded in 2014 by Chinese entrepreneur Jia Yueting. The company's goal is to create a smart, sustainable mobility ecosystem that offers affordable and accessible electric vehicles (EVs) to everyone. FF designs, engineers, and manufactures premium EVs, with a focus on innovation, technology, and performance. The company is headquartered in Los Angeles, California, with additional operations in Silicon Valley, China, and Europe.

 

FF's first production vehicle, the FF 91, was unveiled at the Consumer Electronics Show (CES) in 2017. The FF 91 is a luxury electric SUV with a 105-kilowatt-hour battery pack, a range of more than 300 miles on a single charge, and acceleration from 0 to 60 mph in less than 3 seconds. In addition to the FF 91, FF has plans to develop other EV models, including a smaller SUV, a sedan, and a sports car.

 

FF has faced several challenges throughout its history, including financial difficulties and legal disputes with its founder Jia Yueting. In 2019, FF announced that it had secured a $225 million bridge financing facility to support the continued development and production of its EVs. In 2020, the company went public through a reverse merger with Property Solutions Acquisition Corp., a special purpose acquisition company (SPAC).

 

In 2021, the company announced plans to build a new manufacturing facility in Hanford, California, which will serve as the company's primary production site for the FF 91 and other models. FF has also announced plans to develop a new technology platform for its EVs, which will include a range of advanced features such as autonomous driving, artificial intelligence, and augmented reality.

 



 

(06/11/24) $0.56
(06/12/24) $0.54
(06/12/24) (Qty.)23,969,933
(06/11/24) $0.51
(06/11/24) $0.58
(05/26/24) $0.39
(05/26/24) $1.25
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