Awarding of COO is a major production milestone in continuing FF’s on-schedule start of production (“SOP”) in summer 2022
LOS ANGELES – Faraday Future Intelligent Electric Inc. (“FF”) (NASDAQ: FFIE), a California-based global electric vehicle manufacturer, announced that it received the Certificate of Occupancy for the major manufacturing area of its Hanford, Calif. manufacturing plant, delivered personally by Francisco Ramirez, Mayor of Hanford. The completed portion of the plant will be used to assemble the final group of pre-production builds of the ultimate intelligent tech luxury FF 91 EV, engineered and designed with superior craftsmanship.
“Receiving this COO is an incredibly important step in our production roadmap for our flagship FF 91 and it’s our second recent major milestone at the plant,” said Faraday Future Vice President of Manufacturing, Matt Tall. “We’re laser-focused on meeting our production milestones and getting the Hanford manufacturing plant equipped to launch the FF 91 by July 2022.”
The first COO opens the gates for Faraday Future employees to build additional pre-production vehicles for final testing and validation before production officially begins. Previously, only construction-related resources and personnel were able to work out of the facility. The Hanford plant will be a state-of-the-art facility that uses leading-edge automated production processes and highly skilled craftsmanship to rival the top luxury automakers of the world. Faraday Future is also ramping up hiring at the plant, as well as across more functions such as engineering, supply chain, design, marketing, brand, sales and other areas.
In October, Faraday Future laid out seven production milestones leading up to SOP in summer 2022. Now, after receiving the first COO, FF has five remaining production milestones:
- Milestone #3: Start foundation construction for all remaining production areas including body, propulsion, warehouse and vehicle assembly.
- Milestone #4: Pre-production builds for final engineering validation and certification vehicles.
- Milestone #5: Start all major mechanical electrical and plumbing (MEP) systems to support equipment installation.
- Milestone #6: Complete construction and equipment installation in final vehicle manufacturing areas.
- Final Milestone: SOP – summer 2022.
The FF 91 Futurist Alliance Edition and FF 91 Futurist models represent the next generation of intelligent tech luxury EVs. They are high-performance EVs, all-in-one all-ability cars, and ultimate robotic vehicles that allow users to experience a third internet living space beyond their home and office. The models encompass extreme technology, an ultimate user experience and a complete ecosystem.
