Update on Faraday Future Deliveries, Revenue and Recalls
TapTechNews June 6th news, Jia Yueting, the founder of Faraday Future, revealed today that Faraday Future has completed the procurement, production and testing of parts of the 12th vehicle and is about to deliver to the first secondary market individual investor user, 'Mr. He'.
According to the fourth quarter and full-year financial results of Faraday Future (FF) as of December 31, 2023, the report shows that the company's full-year revenue in 2023 was 800,000 US dollars (TapTechNews note: currently about 5.799 million yuan) and the cost of sales was 43 million US dollars (currently about 312 million yuan).
The financial report shows that Faraday Future started production of the FF91 Futurist in March 2023 and started delivering to customers in August 2023. As of December 31, 2023, the company has sold 4 vehicles and leased 6 vehicles.
In March this year, Faraday Future issued its first recall plan, and the recall scope includes all FF91 vehicles produced last year (11 vehicles). The recall information filed by Faraday in the National Highway Traffic Safety Administration (NHTSA) shows that this recall mainly involves the problem of the FF91 airbag warning light. Allegedly, if there is a problem with the vehicle airbag, an error in the software system may cause the warning light to fail to turn on.
Related reading:
Faraday Future Says It May Never Be Able to Make a Profit, FF91 Futurist Vehicles Delivered 4 and Leased 6 Last Year
Faraday Future: FF91 Has Completed Vehicle Recall in the US Market Through OTA, and Users Can Use Vehicles Normally Now