Shulou(Shulou.com)11/24 Report--

CTOnews.com, October 18, this morning, Faraday posted a live picture of the production line in the official microblog, saying that FF ieFactory continued to install production equipment and began pre-production tests.

Photo: Faraday Future's official Weibo, it is worth mentioning that the official also showed a FF91 frame on the assembly line, proving that the company is indeed producing cars.

CTOnews.com learned that on September 26, FF Faraday issued an announcement announcing that it had reached a final agreement with the company's major shareholder FF Top on financing and board restructuring, and that the company's current executive chairman Sue Swenson and former chairman and current director Brian Krolicki would take the blame and resign. Not only that, the company also received up to $100 million in financing from Daguan and ATW Partners investors in the United States. In fact, the appointment and dismissal put Jia Yueting back at the helm of FF.

Public data show that Faraday has a cumulative deficit of $3.2 billion since its inception, but has not yet launched any market-oriented products. In August, Faraday announced that it would raise $600 million to deliver the FF 91 luxury car later this year. But on Sept. 26, Faraday said in a future filing with the Securities and Exchange Commission that it would delay the delivery of the FF 91 electric vehicle.

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