$Faraday Future Intelligent Electric Inc.(FFIE)$has multiple models in its pipeline – its FF 91 flagship vehicle, the FF 81 and FF 71 mass-market models, and a smart last-mile delivery van.

As of March 31, 2022, the company had 401 preorders for the two variants of the FF 91 model. The first deliveries will begin in the third quarter of 2022. As production ramps, the company plans to produce 6,000 to 8,000 cars of this model in 2023. It expects to sell the vehicle in both the U.S. and China.

The company has contracted South Korean automaker Myoung Shin to manufacture the FF 81, which is supposed to be its first high-volume vehicle.

If Faraday Future executes on its strategy, it stands to take advantage of the huge total addressable market opportunity. The company does have some unique advantages, such as its asset-light model due to the contract manufacturing partnerships.