Faraday Future is pushing back the start of production and deliveries of its long-awaited debut vehicle to the “third or fourth quarter of 2022,” and says it needs additional capital to pull off the launch.
The U.S.-based electric vehicle startup, which went public in a July 2021 merger with a blank-check company, had previously said it planned to launch the electric SUV as soon as this month.
Founded in 2014, Faraday once promised to start making and selling the FF91 SUV as early as 2018, but it has been forced to postpone delivery of its first mass-market vehicle several times.