Faraday has been talking about making an electric vehicle for years, but it hasn’t happened yet. They’ve a series of obstacles, including some serious financial losses that made it seem like maybe they wouldn’t be able to pull it off. Now a new partnership has things looking up for Faraday. Is the Faraday FF 91 finally going to become a reality?
What is Faraday?
Faraday Future is an electric car maker that many people probably haven’t heard of, even though it’s been around since 2014. On its website, they describe themselves as “ global shared intelligent mobility ecosystem.” What exactly does this mean? They go on to say that they “poised to break the boundaries between the Internet, IT, creative, and auto industries with product and service offerings that integrate new energy, AI, Internet, and sharing models.”
Faraday recently completed a merger that is making its dreams a reality. According to Reuters, they recently completed a merger with Property Solutions Acquisition Corp. This will give Faraday $1 billion with which to get the FF91 off the ground, and propel it toward becoming an actual car that people can buy and drive.
Faraday intended to release the FF 91 in 2019, but financing led to delays. This included Faraday spending $2 billion – with nothing to show for it. That’s too bad, considering the Faraday FF 91 was supposed to be the “next Tesla.”
The Faraday FF 91 will be insanely expensive
The FF 91 Futurist Alliance Edition is set to cost $180,000 and will only be produced in small amounts. It can only be ordered with a company invitation – and a $5,000 deposit. (Well, not anymore. The FF 91 Futurist Alliance Edition is already sold out). Faraday says that this will help them to control the quality and allow them to establish their brand. Auto Blog says that this price includes membership in both the Futurist Alliance and the Spire Club.
From there Faraday will expand their offering with a less expensive version. The FF91 is set to compete with Maybach, Bentley, and Rolls Royce.
Faraday says that the FF 91 will be “autonomous-ready.” Further information says that the FF 91 owner will customize a profile. From this profile the FF 91 will learn how to greet you, recognize, and remember your preferences. It goes on to say that “the more you use FF 91, the smarter about you it becomes, delivering a truly bespoke experience.”
What’s in Faraday’s future?
Once Faraday has released the premium FF 91 as well as the less expensive version, they’ll turn to producing more vehicles. They’re scheduled to release an FF 81 that will cost a mere $70,000.
Next year Faraday only plans to make 2,400 cars in 2022. By 2023 they aim to produce 38,600 cars and up to 500,000 by 2025.
There’s no guarantee that the Faraday FF 91 will really materialize in 2022. Though things are certainly looking up for Faraday, it hasn’t exactly been a smooth road for them so far. Still, their new partnership, funding and plans for the future bode well for the company. Their plans certainly include some big things for the electric car company, and a high-end electric car will definitely be exciting. It will be interesting to see just what the FF 91 – and all of Faraday – brings in the future.