IT House May 7 news, today, Faraday Future (Faraday Future) announced its financial results for the third quarter ended September 30, 2021.According to the financial report, Faraday Future’s revenue as of September 30, 2021Third-quarter net loss of $304 milliona net loss of $33 million in the same period last year.
In this regard, Jia Yueting said: “Through the submission of this 10-Q financial report document, we are one step closer to realizing our original vision. WeConfidence to complete FF 91 Futurist production on time and with high quality. “
According to the financial report, Faraday Future’s operating expenses for the third quarter ended September 30, 2021 were $186 million, while operating expenses for the three months ended September 30, 2020 were $18 million. Cash balance as of March 31, 2022 was $276 million, including planned repayments of $97 million in notes and accrued interest.
IT House learned that Faraday Future announced on February 24 that the first FF 91 quasi-production car was completed, and mass production of the FF 91 will begin in the third quarter of 2022 as planned. In addition, FF global CEO Bi Fukang has said that its second electric car, the FF 81, will be produced in South Korea in 2024, and the company is expected to achieve profitability in 2025.
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“Faraday Future releases 2021 Q3 financial report: net loss of 304 million US dollars, FF 91 is expected to be delivered in the third quarter of this year”
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