FARADAY FUTURE
deliveries ,” Gulati explains . “ We ' re going to be scaling our operation , ramping up supply chain – that ' s the key focus area making the FF 91 successful .
Gulati believes that the value chain disruption we ’ re seeing now is going to continue , not only accelerating on the product and technology front , but on the sales side , too , as industry sales volumes increase .
“ In the distribution model , quite a few OEMs have expressed a desire to sell directly to customers ” Gulati explains .
“ For the industry , this transition away from ICE ( Internal Combustion Engine ) vehicles is going to impact sales economics . Today , auto dealers mostly earn margins from selling auto parts and services , and financial services , and that ' s going to change . Maintenance and parts and services replacement in EVs is far less than ICE vehicles . So , we expect to see changes on the business side as well as on the product and technology side .”
Despite this value chain disruption and anticipated global economic slowdown , Gulati himself doesn ’ t forecast a slowdown for Faraday Future , citing research from McKinsey that shows the luxury vehicle market ( vehicles $ 150,000 and above ) is projected to grow significantly over the next 10 years .
FF 91 : The mould for the future Looking to the longer-term future , Faraday Future has ensured built-in capability to add further models to its Variable Platform Architecture .
“ We have plans for our next model – we call it the FF 81 – which will share 60 % commonality of parts with the FF 91 ,” Gulati says . “ Although , of course , such future developments are dependent on a number of things , including fundraising .”
206 May 2023