A Differentiated and Compelling Investment Opportunity
Volumes and Revenue
Key commentary
Primarily targeting consumers and businesses in the two largest EV
markets (US and China)
B2C - Vehicle Unit Sales
(Units actual)
266,800
Significant ramp of FF Series volumes once production begins
-
-
Production launch of FF 91 complete in 2021E and deliveries
begin Q1 2022E
Ramp of FF 81 and FF 71 starting in 2023E and 2024E,
respectively
Smart Last Mile Delivery engagements today entering production.
in 2023E and ramping volumes in 2024E
FF 91 Series
FF 81 Series
FF 71 Series
105,300
38,600
2,400
2021 E
2022E
2023E
2024 E
2025E
B2B - Smart Last Mile Delivery Unit Sales
(Units actual)
35,000
8,000
20
2021 E
2022E
2023E
2024 E
2025E
-
Strong growth driven by increasing e-commerce and
tightening of emission regulations worldwide
Implied modest market share of ~3% in electric vehicles and ~7%
in Last Mile Delivery by 2025
Revenue, in line with vehicle volume ramp, expected to grow to
$20bn by 2025E
Revenue
($ in millions)
FF Series
Smart Last Mile Delivery
2021E
$21,445
$10,555
$4.038
$504
2022E
2023E
2024E
2025E
Source:
Faraday Future financial model are management estimates only.
Note:
Market share projections calculated from estimated revenue divided by projected market size as indicated on page 38. B2C and B2B vehicle unit sales rounded to nearest hundred. Financial projections as sume transaction close in Q1 2021.
2021 FARADAY FUTURE
39
PROPRIETARY AND CONFIDENTIAL
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