Last November, the Los Angeles-based electric-vehicle company had raised doubts about its ability to continue as a "going concern" and the delivery timeline for FF 91, shortly after it underwent a board reshuffle following a governance dispute with its largest shareholder.
Delivery of the sports utility vehicle was originally slated to start in late 2022.
"This shows that FF has entered a new phase under the
governance and operation of the new board and management,"
founder YT Jia said in a statement.
Faraday Future shares rose 24% to $0.44 in premarket
trading.
The FF 91 Futurist is expected to be offered in both the
U.S. and China markets, with initial sales to begin in Los
Angeles, San Francisco, New York, Shanghai and Beijing, the
company said.
Deliveries in the U.S. will begin at the end of April 2023,
a spokesperson for Faraday Future told Reuters, but did not give
details on who the first customers would be.
The company has said the latest generation of its car had
longer range and better acceleration than rivals such as Tesla
Inc's Model X, Mercedes Benz Maybach S and
Rolls Royce Cullinan.
(Reporting by Yana Gaur and Jyoti Narayan in Bengaluru; Editing
by Sherry Jacob-Phillips, Uttaresh Venkateshwaran and Krishna
Chandra Eluri)
