Faraday Future (hereinafter referred to as FF) announced that within 72 hours after the FF Middle East strategy conference was held in Abu Dhabi, the company had received more than 300 non-binding deposit-free reservations for the limited edition of FF 91 2.0 Futurist aiFalcon.
FF believes that the above booking shows that FF brand and products are very attractive. Looking ahead, FF plans to launch the limited edition of FF 91 2.0 Futurist aiFalcon in the Middle East market as early as 2024. The company will collect the deposit for the above reservation after obtaining the necessary local regulatory sales license and complying with other applicable regulations.
On November 23rd, FF announced that it had signed a strategic cooperation agreement with Master Investment Group and Siraj Holding LLC with royal background in UAE to enter the Middle East market and launch the FF brand.
The strategic cooperation agreement also stipulates that Mr. Sheikh Abdullah bin Mohamed Al Qassimi, CEO of Master Investment Group, and Mr. Ahmed Khalaf Al Otaiba, Chairman of Siraj Finance LLC will join the global advisory board of FF and become directors of FF Middle East Company. They will support FF's business expansion, sales and marketing, strategic financing and partnership in the Middle East.
In addition, FF's financial report for the third quarter FF 2023 shows that the company generated revenue for the first time in this quarter, and its automobile sales revenue was $551,000.
According to the financial report, during the reporting period, FF had a net loss of $78 million, compared with $119.9 million in the same period last year, and the net loss narrowed year-on-year.
In this regard, FF said that the first revenue generation in the third quarter was an important milestone for the company.