Faraday Future Announces Partnership with Myoung Shin for FF 81 Production; Asset-Light Agreement Sets Path to Profitability by 2025
Myoung Shinto manufacture future FF 81 EVs, Faraday Future’s second vehicle and first mass-market EV
- Start of Production (“SOP”) expected in 2024, following the launch of FF’s flagship vehicle, FF 91, targeted for Q3 2022
- High volume, low-capital model leverages global supply chain advantages
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“We are delighted to have a partner of the quality and reputation of Myoung Shin,” said
“We will work together with Faraday Future to build the future of the EV industry and offer top of the line, quality products to consumers,” said
Faraday Future’s strategy is based on an asset-light business model, with a global, hybrid manufacturing strategy consisting of a leased manufacturing facility in
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Faraday Future is a class defining luxury electric vehicle company. The Company has pioneered numerous innovations relating to its products, technology, business model, and user ecosystem since inception in 2014. Faraday Future aims to perpetually improve the way people move by creating a forward-thinking mobility ecosystem that integrates clean energy, AI, the Internet and new usership models. Faraday Future’s first flagship product is the FF 91 Futurist.
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