Faraday Future FF 91 Gets 64,000 Reservations From CES 2017

 

64,000 people reserved a Faraday Future FF 91 after the car was officially unveiled at the 2017 Consumer Electronics Show. While not as impressive as the nearly 400,000 reservations Tesla has for the Model 3, it’s still an indication that there is strong interest in the premium priced all electric SUV.

Faraday Future FF 91

According to all reports, the FF 91 will be the fastest production electric car in the world, beating the Tesla P100D by a few tenths of a second. It will also compete in the hottest segment of the automotive market. The American public has gone completely mad for SUVs and it has very few electrified models to choose from in that category.

The FF 91 is reported to have three electric motors, a 130 kWh battery, and a range of 380 miles. That trumps (you should pardon the expression) the Tesla Model X in a all three categories. While no official prices have been announced, rumors suggest that the cars will cost between $150,000 and $200,000, a significant premium over the Model X.

Of course, most if not all of those reservations are from people who put no money down to hold their place in line. The company says it will make 300 limited edition cars, which require a $5,000 deposit. So at the very most, 300 of that 64,000 total are paid reservations. The rest are simply from people who have indicated they might be interested in purchasing an FF 91 at some point in the distant future, if and when the company actually puts the car into production.

What are the chances of that happening? Frankly, not very good. The company’s principal investor is Chinese billionaire Jia Yueting. Jia seems to have about as much impulse control as Donald Trump. In addition to Faraday Future, he is a major investor in Lucid Motors, formerly known as Atieva. Neither company has a factory yet. Construction on the Faraday Future factory has been halted among claims of millions in unpaid bills. The Lucid factory is in the planning stages with the local county trying to figure out how to pay for the land so they can lease it back to the company.

Lucid has another problem. It plans to open a parts factory across the border in Mexico. There are about three people in America who don’t know that The Trumpster is threatening any car manufacture who makes parts or cars in Mexixco with punitive tariffs. Might be time for Lucid Motors to rethink that plan.





64,000 reservations comes as a surprise to many industry observers. The general thinking that Faraday Future, which has seen many of its top executives flee like rats from a sinking ship lately, has about 2 months at most to get is financial house in order. The FF 91 is actually an attractive car for those who can afford it. Will it ever see production? The odds of that happening are not very good at this point.

Source: AutoBlog





About the Author

I have been a car nut since the days when Rob Walker and Henry N. Manney, III graced the pages of Road & Track. Today, I use my trusty Miata for TSD rallies and occasional track days at Lime Rock and Watkins Glen. If it moves on wheels, I'm interested in it. Please follow me on Google + and Twitter.
  • IndyX

    Any startup auto company will be lucky to survive which is why Apple and Google decided not to make cars…
    64k reservations is prety good if they are all serious buyers as at 4x the price point of an model 3 that is a lot of money… over 10 billion at an average transaction price of 160,000 since if you can afford the car you would never shame yourself with a base model ?…
    I also belevie Jia is a minor investor in Lucid and a major one in LeSee…

    Lucid should not have any cash problems as long as there investors beleive in them…
    From wiki…
    “The company is financed by Tsing Capital, Sumitomo, Venrock, LeEco, JAFCO, and others,[3][4] providing $131 million by 2016.”
    Acording to wiki Sumitomo is the second largest bank in Japan and Venrock is the Rockefellers venture capatilist firm…

    • Steve Hanley

      Thanks for that information. It is my understand that Jia and his companies are a 1/4 owner of Lucid, but untangling all the threads and strands of Chinese investment in electric car companies is a daunting task and changes frequently.

  • Antony Berretti

    I can’t stop thinking that this new player is nothog more than a playboy dabbling in a field simply to be admired by peers and politicians in his own country. Copying Musk with poor results in the process, does not make you a serious contender as a EV car producer, with no production facility built, or battery plant established, how long can you last for?
    Chinese are famous for selling poor products and trying to rip off their government programs, I would question if this is not just a other of those individual who thinks he can play the system!

    • Kieran Delaney

      Racial stereotypes…really? Is this what gas2’s comment section has devolved into?

      The company is much younger than Tesla, give them a chance…

      The more EV companies there are, the more effort the established companies will make.

      • Antony Berretti

        I will agree with you in saying the more EV companies around , the better the chance of competition and changes to our transport systems. But we need serious contenders not fakers playing a game irrespective of nationality. Given the time it’s taken Tesla to get established, how long would it take for FF to get to the same point?

        • Kieran Delaney

          There, now I agree with you entirely.

    • IndyX

      FYI the established Chinese auto companies largely already closed the quility gap between them and the foreign companies doing business in China over the last 10 years acording to JD Powers and a ex foreign auto exec in China who writes for Forbes…
      It is also widely reported that the Gov in Beijeing does not like Jia…

    • Steve Hanley

      Not sure it is racial profiling. If some rich jerk wants to act like a spoiled brat, I don’t see any reason not to call him out. There is a reason so many top FF executives are bailing out, no doubt taking their golden parachutes with them.

      As for the comment by IndyX, absolutely true. I am old enough to remember when Toyotas and Hondas were collectively referred to as “Jap crap.” No one says that now.

      I also remember videos from 10 years or so ago of Chinese cars undergoing crash tests. The results were horrifying! Not so today. Volvos are now built in China and still have their reputation for rock solid construction.

      One final note. China HAS identified a number of companies who were ripping off the government’s “new energy car” incentive program. I don’t know if Jia is part of that cabal, but with his high flying ways, it wouldn’t exactly surprise me if he is.

      That being said, my grandkids will be driving cars made in China with no more raised eyebrows than someone driving a Kia or a Hyundai today. To compete on a global scale, one must conform to global standards. Allow me to point to Daewoo and Yugo as two companies who did not and paid the price.

      • Antony Berretti

        Good thing about being old like me, cringe, you’ve seen it all over 50 years of motoring interests and listening to years of other stories from even older boys, now long departed.
        Their is no doubt that over decades this industry has improved in every aspect, but that also corruption has and will not go away. Dieselgate is a good example though but not isolated to only VW, more that VW was the slowest runner out of the pack!!