Faraday Future Partners with HabitTrade to Accelerate its Entry into the Web3 Financial Ecosystem
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250721057241/en/
Faraday Future Partners with HabitTrade to Accelerate its Entry into the Web3 Financial Ecosystem
As Faraday Future expands its vision beyond mobility into the next frontier of finance, the partnership with HabitTrade aims to unlock new possibilities in Web3 capital markets—including stablecoin-based investment, native digital asset flows, and broader participation from decentralized communities. This collaboration is also a key part of Faraday Future's ongoing commitment to technological and capital infrastructure innovation. Notably, Faraday Future plans to leverage this partnership to offer exclusive HabitTrade platform benefits to its shareholders, further enhancing shareholder value through innovative Web3 financial services.
'This partnership with HabitTrade is a key milestone in our efforts to connect Faraday Future with the Web3 financial world,' said Jerry Wang, Global President of Faraday Future. 'As we continue to redefine intelligent mobility, we are also exploring how decentralized infrastructure and digital asset participation can bring greater value to our stakeholders and communities.'
'We are honored to partner with Faraday Future in building its entry into the Web3 finance space,' said Daniel, Founder of HabitTrade. 'This collaboration is more than a cross-industry initiative — it reflects a shared belief in financial accessibility, technological innovation, and the long-term potential of decentralized capital markets. As a platform that bridges traditional and crypto finance, HabitTrade will provide the infrastructure and global liquidity support needed to help forward-looking enterprises like Faraday Future embrace the next evolution of finance.'
Tony Fu, Founder of RWA Group, added: 'As a Nasdaq-listed EV company, Faraday Future is not only leading innovation in intelligent mobility but also actively shaping the path from Web2 to Web3. We're pleased to support this initiative and believe more listed companies will follow suit in embracing Web3-native tools such as tokenized assets, digital issuance, and cross-border financial connectivity.'
This collaboration underscores a growing convergence between traditional industry leaders and next-generation financial platforms, as more enterprises begin to leverage Web3 capabilities to unlock new value.
ABOUT FARADAY FUTURE
Faraday Future is a California-based global shared intelligent electric mobility ecosystem company. Founded in 2014, the Company's mission is to disrupt the automotive industry by creating a user-centric, technology-first, and smart driving experience. Faraday Future's flagship model, the FF 91, exemplifies its vision for luxury, innovation, and performance. The FX strategy aims to introduce mass production models equipped with state-of-the-art luxury technology similar to the FF 91, targeting a broader market with middle-to-low price range offerings. FF is committed to redefining mobility through AI innovation. Join us in shaping the future of intelligent transportation. For more information, please visit https://www.ff.com/us/
ABOUT HABITTRADE
HabitTrade is a global multi-market brokerage and infrastructure platform that enables stablecoin-based access to a wide range of financial products—including U.S. and Hong Kong stocks, ETFs, and crypto assets. In addition to serving individual investors, HabitTrade provides institutional services such as API connectivity and market entry solutions for IPOs, tokenization projects, and more—helping bridge the gap between traditional and Web3 capital markets.
ABOUT RWA GROUP
( www.rwa.ltd)
Based in Hong Kong Science Park, RWA Group (formerly NFT China) specializes in digital finance advisory and infrastructure services. With a team experienced in blockchain, capital markets, and asset tokenization, RWA Group supports traditional enterprises in exploring Web3 innovations such as digital issuance, compliance frameworks, and real-world asset integration.
FORWARD LOOKING STATEMENTS
This press release includes 'forward-looking statements' within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words 'plan to,' 'can,' 'will,' 'should,' 'future,' 'potential,' and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements.
Important factors, among others, that may affect actual results or outcomes include, among others: the Company's ability to secure necessary agreements to license or produce FX vehicles in the U.S., the Middle East, or elsewhere, none of which have been secured; the Company's ability to homologate FX vehicles for sale in the U.S., the Middle East, or elsewhere; the Company's ability to secure the necessary funding to execute on its AI, EREV and Faraday X (FX) strategies, each of which will be substantial; the Company's ability to secure necessary permits at its Hanford, CA production facility; the Company's ability to secure regulatory approvals for the proposed Super One front grill; the potential impact of tariff policy; the Company's ability to continue as a going concern and improve its liquidity and financial position; the Company's ability to pay its outstanding obligations; the Company's ability to remediate its material weaknesses in internal control over financial reporting and the risks related to the restatement of previously issued consolidated financial statements; the Company's limited operating history and the significant barriers to growth it faces; the Company's history of losses and expectation of continued losses; the success of the Company's payroll expense reduction plan; the Company's ability to execute on its plans to develop and market its vehicles and the timing of these development programs; the Company's estimates of the size of the markets for its vehicles and cost to bring those vehicles to market; the rate and degree of market acceptance of the Company's vehicles; the Company's ability to cover future warranty claims; the success of other competing manufacturers; the performance and security of the Company's vehicles; current and potential litigation involving the Company; the Company's ability to receive funds from, satisfy the conditions precedent of and close on the various financings described elsewhere by the Company; the result of future financing efforts, the failure of any of which could result in the Company seeking protection under the Bankruptcy Code; the Company's indebtedness; the Company's ability to cover future warranty claims; the Company's ability to use its 'at-the-market' program; insurance coverage; general economic and market conditions impacting demand for the Company's products; potential negative impacts of a reverse stock split; potential cost, headcount and salary reduction actions may not be sufficient or may not achieve their expected results; circumstances outside of the Company's control, such as natural disasters, climate change, health epidemics and pandemics, terrorist attacks, and civil unrest; risks related to the Company's operations in China; the success of the Company's remedial measures taken in response to the Special Committee findings; the Company's dependence on its suppliers and contract manufacturer; the Company's ability to develop and protect its technologies; the Company's ability to protect against cybersecurity risks; and the ability of the Company to attract and retain employees, any adverse developments in existing legal proceedings or the initiation of new legal proceedings, and volatility of the Company's stock price. You should carefully consider the foregoing factors and the other risks and uncertainties described in the 'Risk Factors' section of the Company's Form 10-K filed with the SEC on March 31, 2025, and other documents filed by the Company from time to time with the SEC.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Globe and Mail
19 minutes ago
- Globe and Mail
OpenAudo is Poised to Upset the WHAS Market Like Never Before
Everyone agrees, from tech pundits to my mum, the release of the OpenAudio Plus-GC and Ultra-GC would be the best thing ever… With the launch of OpenAudio Plus-GC and Ultra-GC, we're setting a new standard in the multi-room streaming amplifier and whole home audio system market. These cutting-edge models fully support Google Cast, delivering seamless multi-zone streaming like never before. This isn't just an upgrade—it's a game changer that proves OpenAudio's commitment to innovation and excellence in home audio technology. Get ready to experience unmatched audio flexibility and control, as OpenAudio shakes up the WHAS market like never before. Market Share of iOS and Android According to Statcounter Global Stats, Android leads globally with about 70 to 72% market share, while iOS holds the remaining 28 to 30%. Seeing this clear trend, we realized the huge potential in expanding into the Android market. This insight has driven us to focus on developing products and features that cater specifically to Android users, ensuring we reach the largest audience possible and deliver the best experience across platforms. The chart's 15-year trajectory further reinforces this strategic focus: Android's dominance isn't a fleeting phase but a sustained pattern forged by its ecosystem flexibility, which has allowed it to capture diverse markets from budget to premium segments. Meanwhile, iOS's consistent hold on a dedicated slice reflects a stable user base with distinct preferences, reminding us that while prioritizing Android aligns with scale, maintaining cross-platform excellence remains key to holistic market penetration. Apple or Android Nation? Operating System Popularity Across Countries Let focus on US. In the US, iPhone has a 57.68% market share, while Android has a 42.06% market share. iPhone has led the US smartphone market since at least 2009. The closest Android came to beating iPhone was in 2011 when it captured a sizable amount of former Blackberry users Although iOS (represented by the blue bar for iPhones) holds a relatively larger proportion in the US market, Android (the green bar) still accounts for 42.06% of the market. This significant share underscores Android's crucial role — it not only maintains strong competitiveness, continuously providing diverse choices for users, but also drives industry innovation. Even in a market long - dominated by iPhones, Android, leveraging its own advantages, has become an indispensable force, deeply shaping the smartphone ecosystem landscape in the US. iPhone vs Android Market Share In The US In 2009, Android had a negligible share, but it steadily expanded over the years. By 2015, Android's market share had climbed to nearly half of iOS's, narrowing the gap significantly. From 2015 to 2020, Android maintained a consistent share, hovering around 40 - 50%, proving its ability to retain a substantial user base. Even as iOS saw periodic upticks, Android didn't lose ground drastically. This trend highlights Android's strength in catering to diverse user needs through various device manufacturers and price points. Its open - source nature and adaptability have allowed it to carve out a crucial space in the US market, competing fiercely with the iOS ecosystem. All other brands are unfriendly to Android On reddit, some reader ask JUKE if they can have one version support Google Cast, they said no. Two-plus years on, it's obvious they were just blowing smoke. Trying to pass off janky Bluetooth as a replacement for Google Cast? That's not a workaround—it's treating customers like chumps. But when customer ask OpenAudio for this, the answer is yes, of course OpenAudio can build one to satisfy you. Because OpenAudio want to satisfy all Android user, and want to be friendly to Android world. Same on Reddit, our customer has pre-order. Even something supports Google Cast, it only support 1x google cast, not 8x google cast from HOLOWHAS Ultra-GC and HOLOWHAS Plus-GC. Maybe they will release Max-GC also, that will beat other brand from both power and Android friend degree. World only Multi-room Streaming Amplifier with 8x GoogleCastThe built-in Google Cast module has passed all our lab tests with flying colors, and we're gearing up for the first production we didn't expect? The overwhelming demand. Turns out, a huge portion of users are on Android, but most multi-room gear out there only supports Airplay. Once word got out that HOLOWHAS Plus-GC is the first to offer native Google Cast across eight zones, pre-orders took off fast. Everyone agrees, from tech pundits to my mum, the release of the OpenAudio Plus-GC would be the best thing ever. Estimated shipping in about 4 months (just waiting on standard certifications like FCC or other Procedural matters)Orders will ship in strict payment order – first come, first servedQuantities are limited – early reservations are highly recommended Learn more： Unlike many other devices that don't support Google Cast or just support 1x Google Cast, our system offers true 8x Google Cast functionality (also 8x Airplay, 8x Spotify, etc). When you use 8x Google Cast, it is look like following, About OpenAudio OpenAudio is dedicated to pushing the boundaries of audio technology. With a focus on innovation and user experience, the company aims to provide solutions that enhance the way people interact with sound. OpenAudio's products are designed to meet the needs of modern audio consumers and professionals alike. For more information about OpenAudio and its products, please visit Media Contact Company Name: OpenAudio Contact Person: Lidiya Email: Send Email Country: United States Website:
Globe and Mail
19 minutes ago
- Globe and Mail
American Express Declares Dividend on Series D Preferred Stock
The Board of Directors of American Express Company (NYSE: AXP) declared a quarterly dividend on the Company's 3.550% Fixed Rate Reset Noncumulative Preferred Shares, Series D, of $9,072.22 per share (which is equivalent to $9.07222 per related Depositary Share). The dividend is payable on September 15, 2025, to shareholders of record on September 1, 2025. ABOUT AMERICAN EXPRESS American Express (NYSE: AXP) is a global payments and premium lifestyle brand powered by technology. Our colleagues around the world back our customers with differentiated products, services and experiences that enrich lives and build business success. Founded in 1850 and headquartered in New York, American Express' brand is built on trust, security, and service, and a rich history of delivering innovation and Membership value for our customers. With over a hundred million merchant locations across our global network, we seek to provide the world's best customer experience every day to a broad range of consumers, small and medium-sized businesses, and large corporations. For more information about American Express, visit and
Globe and Mail
19 minutes ago
- Globe and Mail
US stocks edge up to another record as GM and others show how tariffs are impacting them
NEW YORK (AP) — US stocks drifted to another record following some mixed profit reports, as General Motors and other big U.S. companies give updates on how much President Donald Trump's tariffs are hurting or helping them. The S&P 500 rose 0.1% Tuesday to beat the all-time high it set a day earlier. The Dow Jones Industrial Average added 0.4%, and the Nasdaq composite fell 0.4% from its record. General Motors dropped 8.1% despite reporting a stronger profit than expected, as it still sees a $4 billion to $5 billion hit this year because of tariffs. Homebuilders soared following their better-than-forecast profit reports. THIS IS A BREAKING NEWS UPDATE. AP's earlier story follows below. NEW YORK (AP) — Wall Street is hanging around its records on Tuesday following some mixed profit reports, as General Motors and other big U.S. companies give updates on how much President Donald Trump's tariffs are hurting or helping them. The S&P 500 was 0.1% higher in late trading and on track to squeak to another all-time high. The Dow Jones Industrial Average was up 164 points, or 0.4%, with an hour remaining in trading, and the Nasdaq composite was down 0.2% after setting its own record. General Motors dropped 7.5% despite reporting a stronger profit for the spring than analysts expected. The automaker said it's still expecting a $4 billion to $5 billion hit to its results over 2025 because of tariffs and that it hopes to mitigate 30% of that. GM also said it will feel more pain because of tariffs in the current quarter than it did during the spring. That helped to offset big gains for some homebuilders after they reported stronger profits for the spring than Wall Street had forecast. D.R. Horton rallied 16.5%, and PulteGroup jumped 11.4%. That was even as both companies said homebuyers are continuing to deal with challenging conditions, including higher mortgage rates and an uncertain economy. So far, the U.S. economy seems to be powering through all the uncertainty created by Trump's on-and-off tariffs. Many of Trump's stiff proposed taxes on imports are currently on pause, and the next big deadline is Aug. 1. Talks are underway on possible trade deals with other countries that could lower the proposed tariffs before they kick in. Companies are already feeling effects. Genuine Parts, the Atlanta-based company that sells auto and industrial replacement parts around the world, trimmed its profit forecast for the full year in order to incorporate 'all U.S. tariffs currently in effect,' along with its updated expectations for business conditions in the second half of the year. Its stock rose 6.5% after it reported a stronger profit for the latest quarter than analysts expected. RTX fell 1.2% after cutting its forecast for profit in 2025 but also raising its forecast for revenue. It made the changes to incorporate what CEO Chris Calio called 'our current assessment of the impact of tariffs,' along with other changes anticipated from Washington's recent approval of big tax changes. Coca-Cola slipped 0.7% even though it delivered a stronger profit than forecast. Its revenue for the quarter only edged past analysts' expectations, and it said that higher prices that it charged helped offset sales of fewer cases during the spring. Opendoor Technologies, a company that's caught interest among investors looking for the next 'meme stock' that could rise regardless of how its profits are doing, lost momentum and dropped 10.7% to $2.86. It had climbed as high as $3.99 in the morning, more than quintuple its price of 78 cents from just two Fridays ago. In the bond market, Treasury yields sank as traders continue to expect the Federal Reserve to wait until September at the earliest to resume cutting interest rates. Fed Chair Jerome Powell has been insisting he wants to see more data about how Trump's tariffs are affecting inflation and the economy before the Fed makes its next move. That's despite often angry criticism from Trump, who has been lobbying for more cuts to rates to happen sooner. The yield on the 10-year Treasury eased to 4.33% from 4.38% late Monday. In overseas markets, Japan's benchmark surged and then fell back as it reopened from a holiday Monday following the ruling coalition's loss of its upper house majority in Sunday's election. The Nikkei 225 shed 0.1%. Analysts said the market initially climbed on relief that Prime Minister Shigeru Ishiba vowed to stay in office despite a loss for his ruling coalition in an upper-house election Sunday. But the results have only added to political uncertainty and left his government without the heft needed to push through legislation. A breakthrough in trade talks with the U.S. might win Ishiba a reprieve, but so far there's been scant sign of progress in negotiating away the threat of higher tariffs on Japan's exports to the U.S. beginning Aug. 1. Indexes were mixed elsewhere in Asia and Europe.
