FF's first model hits market in US, China

Faraday Future, established by Leshi Holding founder Jia Yueting, launched its first production model on Wednesday, which is now available in the United States and China.

The FF 91 2.0 Futurist Alliance, priced at $309,000, is limited to 300 units globally, said the California-based EV maker.

The model has industry-leading performance, including a maximum output of 1,050hp and a top torque of 1,977 Nm.

FF said it guarantees a resale value of at least 60 percent on the model after 3 years, as part of the company's Ultimate AI TechLuxury Eternity Plan.

The FF 91 was created six years ago. FF announced the start of production of its FF 91 Futurist Alliance at its plant in California in late March this year.

FF CEO Chen Xuefeng said "FF has faced many obstacles, but as a trailblazer in the intelligent EV industry, FF has persevered."

The company also launched its mobile ecosystem product called "FF aiHypercar+", saying it encompasses software, internet, vehicle service, personalized AI algorithms, and even special hardware versions tailored to specific user needs.