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Faraday Future Delays Launch of Debut EV, Warns Cash Is Short

  • Company sees FF91 SUV coming in third or fourth quarter
  • Startup hopes to raise $325 million to fund through year-end
The Faraday Future FF91 

The Faraday Future FF91 

Photographer: Patrick T. Fallon/Bloomberg
Updated on

Faraday Future Intelligent Electric Inc. 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 Los Angeles-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 battery-powered SUV as soon as this month.