Faraday Future pushes back EV deliveries, looking for cash

FILE PHOTO: FILE PHOTO: Faraday Future's luxury electric car FF91 is seen at the company's headquarters in Gardena, California, U.S. November 21, 2019. REUTERS/Lucy Nicholson

SAN FRANCISCO (Reuters) - Electric vehicle (EV) startup Faraday Future Intelligent Electric on Thursday pushed back initial deliveries of its flagship FF 91 Futurist by another two months, saying they would depend on "substantial additional financing".

The Los Angeles-based company said it was down to about $30 million in cash as of Tuesday and deliveries of the sport-utility vehicle, its first production model, would depend on "sufficient" funding, receiving parts in time from suppliers, as well as completing necessary crash tests.