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Friday, January 27, 2023

Faraday (NASDAQ: FFIE) Unveil Upcoming Milestones in its Manufacturing Process

Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) has disclosed its upcoming milestones in its production process for the ultimate intelligent Tec luxury FF 91 EV. FF has provided the update regarding the timeline with local Hanford officials as part of an FF executive factory review.

The FF 91 manufacturing goals are modest, aiming at a smaller volume and specific clientele. It guarantees a smooth launch of the FF 91 and future vehicles. FF has started construction at the Hanford plant and has executed the pilot line systems to back FF pre-production builds since going public in July.

Furthermore, the main production milestones at the Hanford plant include complete installation of pilot equipment in the FF pre-production build area, Complete work to guarantee a Certificate of Occupancy, freeing the path for FF pre-production builds. Its third milestone includes the launch of foundation construction for all remaining production areas including body, propulsion, warehouse, and vehicle assembly.

In addition, its other milestone includes pre-production builds for final engineering validation and certification vehicles. The 5thmilestone includes the start of all major mechanical electrical and plumbing (MEP) systems to back equipment installation. 6th milestone is the complete construction and equipment deployment in final vehicle manufacturing areas. The final milestone is the start of Production (SOP).

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