Faraday Future Targets Positive Operating Cash Flow in Three Years with 20% Gross Margins

Reuters01-08
Faraday Future Targets Positive Operating Cash Flow in Three Years with 20% Gross Margins

Faraday Future Intelligent Electric Inc. has announced its goal to achieve positive operating cash flow within approximately three years, targeting gross margins of around 20%. The company outlined a three-stage delivery structure for its FX Super One vehicle, with initial deliveries beginning in Q2 to FX Par partners, followed by industry leaders and B2B partners in Q3, and full-scale consumer market deliveries in Q4 or Q1 of the following year. The plan aims for a positive contribution margin during the ramp-up phases and sustained positive contribution margin as full-scale deliveries commence.

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