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)
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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 December 24, 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 December 24, 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: December 24, 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 December 24, 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/
