Between its 2020 and 2022 fiscal years, Faraday Future increased its research and development (R&D) spending from 20.19 million in 2020 to 311.08 million U.S. dollars in 2022. Between 2020 and 2021, that spending rose more than eight times from 20.19 million to 174.94 million U.S. dollars. The increase in R&D investment contributed to the California-based electric vehicle start-up raising its operating expenses considerably across the same period.
Annual research and development (R&D) expenses of Faraday Future from FY 2020 to FY 2022
(in million U.S. dollars)
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Faraday Future. (March 9, 2023). Annual research and development (R&D) expenses of Faraday Future from FY 2020 to FY 2022 (in million U.S. dollars) [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/statistics/1401579/faraday-future-research-and-development-expenses/
Faraday Future. "Annual research and development (R&D) expenses of Faraday Future from FY 2020 to FY 2022 (in million U.S. dollars)." Chart. March 9, 2023. Statista. Accessed November 23, 2024. https://www.statista.com/statistics/1401579/faraday-future-research-and-development-expenses/
Faraday Future. (2023). Annual research and development (R&D) expenses of Faraday Future from FY 2020 to FY 2022 (in million U.S. dollars). Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/statistics/1401579/faraday-future-research-and-development-expenses/
Faraday Future. "Annual Research and Development (R&d) Expenses of Faraday Future from Fy 2020 to Fy 2022 (in Million U.S. Dollars)." Statista, Statista Inc., 9 Mar 2023, https://www.statista.com/statistics/1401579/faraday-future-research-and-development-expenses/
Faraday Future, Annual research and development (R&D) expenses of Faraday Future from FY 2020 to FY 2022 (in million U.S. dollars) Statista, https://www.statista.com/statistics/1401579/faraday-future-research-and-development-expenses/ (last visited November 23, 2024)
Annual research and development (R&D) expenses of Faraday Future from FY 2020 to FY 2022 (in million U.S. dollars) [Graph], Faraday Future, March 9, 2023. [Online]. Available: https://www.statista.com/statistics/1401579/faraday-future-research-and-development-expenses/
