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Faraday Future Announces the Launch of the Early Reservation Portal for Faraday X (FX) Official FX Super One B2C Pre-order Portal for Individual Users Building Upon the Success of the B2B Outreach
Faraday Future Announces the Launch of the Early Reservation Portal for Faraday X (FX) Official FX Super One B2C Pre-order Portal for Individual Users Building Upon the Success of the B2B Outreach

Business Wire

time08-07-2025

  • Automotive
  • Business Wire

Faraday Future Announces the Launch of the Early Reservation Portal for Faraday X (FX) Official FX Super One B2C Pre-order Portal for Individual Users Building Upon the Success of the B2B Outreach

LOS ANGELES--(BUSINESS WIRE)--Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) ('Faraday Future', 'FF' or the 'Company'), a California-based global shared intelligent electric mobility ecosystem company, today announced the launch of early reservation portal for Faraday X (FX) official FX Super One B2C reservation for all individual users. Starting tomorrow, users who complete pre-registration and place a deposit will receive a unique FF ID and a confirmed queue number for earlier delivery, securing their trackable spot in line. Click the following link to reserve today and to secure earlier delivery: This initiative comes on the heels of the strong B2B momentum. FX has now secured a total of 4,100 B2B deposits, spanning four core sectors: FF Par (Partners), car rental companies, live e-commerce MCN agencies, and real estate brokerages. Please keep an eye on and the FF App. The Pre-Order Reservation Portal goes live today at 5:00 PM Los Angeles time. July 17 marks the Global Initial Launch of the FX Super One & Super EAI F.A.C.E. & FF EAI Embodied AI Agent 6 x 4 Architecture. Immediately following the launch event for the FX Super One on July 17, FX will push a one-click priority pre-order link to all users with a confirmed reservation—granting them exclusive pre-order access and priority delivery benefits. The FX Super One, is an affordable mass market MPV, targeted to have the first vehicles off the line in the U.S. by the end of 2025. Offering a spacious, meticulously crafted interior with high-end materials and advanced technology, the FX Super One prioritizes passenger comfort with a host of features including spacious seating, ambient lighting, and premium entertainment systems, to name a few. The Super One will be available with AWD and two powertrain options: battery electric and AI hybrid extended range (AIHER). 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 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, which include statements regarding the Super One MPV, Super EAI F.A.C.E., and EAI Embodied AI Agent 6x4 architecture, 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.

Faraday Future to Highlight U.S. Innovation and Trade Policy Goals at Private Capitol Hill Reception in Washington, D.C. on July 23
Faraday Future to Highlight U.S. Innovation and Trade Policy Goals at Private Capitol Hill Reception in Washington, D.C. on July 23

Business Wire

time02-07-2025

  • Automotive
  • Business Wire

Faraday Future to Highlight U.S. Innovation and Trade Policy Goals at Private Capitol Hill Reception in Washington, D.C. on July 23

LOS ANGELES--(BUSINESS WIRE)--Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) ('Faraday Future,' 'FF' or the 'Company'), a California-based global shared intelligent electric mobility ecosystem company, today announced that it will host a private reception on Wednesday, July 23 rd, 2025, at the Capitol Hill Club in Washington, D.C., to highlight U.S. innovation and alignment with current trade policy goals. 'We look forward to joining policymakers and thought leaders in D.C. for an evening of shared ideas and forward-looking discussion,' said Matthias Aydt, Global Co-CEO of Faraday Future. 'This reception reflects our ongoing investment in American EV leadership and our desire to work collaboratively toward policy solutions that enable growth and innovation.' The invitation-only event will bring together Members of Congress, senior Administration Officials, and key industry stakeholders for a relaxed, interactive evening highlighting FF's next generation electric vehicle (EV) innovations and its commitment to strengthening domestic manufacturing. The reception is designed to foster strategic relationships and elevate public discourse around trade and American competitiveness, with a focus on the future of U.S.-based EV production. The event will begin at 5:00 PM on the third floor of the Capitol Hill Club, located at 300 First Street, SE. The format will remain relaxed with light food and hors d'oeuvres served throughout the evening, creating space for meaningful conversations between Company leaders and key policy makers. The reception may also feature an on-site display of Faraday Future's flagship FF 91 2.0 and the Company's new FX Super One MPV, offering an up-close look at the Company's AI-driven mobility platforms and design innovations. The reception is part of FF's broader strategy to amplify the Company's voice in policy discussions and reinforce its role in shaping the future of intelligent electric vehicle transportation in the United States. 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 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 'plans,' 'desire,' 'believes,' 'seeks,' 'may,' 'will,' 'should,' and 'future,' 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, which include statements regarding production capacity expansion, the FX brand, the Super One MPV, future FX models, future FX reservations, expansion into new states and markets, and production and sales goals, 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.

Faraday X Preparations are in the Final Stages for the Private Preview and Co-Creation Launch Event on June 29 th for the Groundbreaking FX Super One MPV
Faraday X Preparations are in the Final Stages for the Private Preview and Co-Creation Launch Event on June 29 th for the Groundbreaking FX Super One MPV

Business Wire

time27-06-2025

  • Automotive
  • Business Wire

Faraday X Preparations are in the Final Stages for the Private Preview and Co-Creation Launch Event on June 29 th for the Groundbreaking FX Super One MPV

LOS ANGELES--(BUSINESS WIRE)--Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) ('Faraday Future', 'FF' or 'Company'), a California-based global shared intelligent electric mobility ecosystem company, announced that preparations are in the final stages for the exclusive private preview and Co-Creation launch event for its new groundbreaking FX Super One MPV taking place on Sunday, June 29, in Los Angeles, with several FX Super One vehicles set to be unveiled at the event. The FX Super One, FX's first planned model, which would be the first-ever First Class AI-MPV designed for the U.S. market, will be unveiled at this invite-only event. This event marks the beginning of Faraday X's 'Product Execution & Launch Season.' The Company will follow up with a First Online Global Product Launch of the FX Super One on July 17, 2025, open to audiences worldwide. FX will also kick off the B2C Paid Pre-Order Campaign, inviting users to become early adopters and co-creators of this next-generation mobility experience. 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 FF91, 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 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 'will,' 'should,' 'to,' 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, which include statements regarding plans for the Super One MPV and a global launch event date, 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; and the Company's ability to secure necessary permits at its Hanford, CA production facility; 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.

Faraday X Announces FX Super One Private Preview & Co-Creation Event Set for June 29, With Multiple Super One Vehicles Ready to Welcome Over 100 Invited Guests
Faraday X Announces FX Super One Private Preview & Co-Creation Event Set for June 29, With Multiple Super One Vehicles Ready to Welcome Over 100 Invited Guests

Business Wire

time25-06-2025

  • Automotive
  • Business Wire

Faraday X Announces FX Super One Private Preview & Co-Creation Event Set for June 29, With Multiple Super One Vehicles Ready to Welcome Over 100 Invited Guests

LOS ANGELES--(BUSINESS WIRE)--Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) ('Faraday Future', 'FF' or 'Company'), a California-based global shared intelligent electric mobility ecosystem company, announced that final preparations are underway for the exclusive private preview and Co-Creation launch event for its new groundbreaking FX Super One MPV on Sunday, June 29, in Los Angeles, with several FX Super One vehicles set to be unveiled at the event. The FX Super One, FX's first planned model, which would be the first-ever First Class AI-MPV designed for the U.S. market, will be unveiled at this invite-only event. The Company has confirmed attendance from over 100 distinguished guests that include FF stockholders and investors, B2B sales partners and prospects, global supply chain partners, media, key opinion leaders (KOLs) and influencers, and Co-Creation officers. With less than a week to go, the entire FF and FX teams are in the final stretch. Preparations include vehicle calibration, on-site setup, confirmation of guest logistics, and coordination of test rides and drive experiences. The overwhelming interest and response from potential attendees reflect the anticipation surrounding this new species of mobility and innovation. This event marks the beginning of Faraday X's 'Product Execution & Launch Season.' The company will follow up with a First Online Global Product Launch of the FX Super One on July 17, 2025, open to audiences worldwide. 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 FF91, 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 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 'will,' 'should,' 'to,' 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, which include statements regarding the Super One MPV, 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; and the Company's ability to secure necessary permits at its Hanford, CA production facility; 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.

Faraday Future Launches FF AI 2.0 Software Update for the FF 91 and Future FX Models: Represents the Biggest AI Leap Yet, Built with OpenAI
Faraday Future Launches FF AI 2.0 Software Update for the FF 91 and Future FX Models: Represents the Biggest AI Leap Yet, Built with OpenAI

Business Wire

time24-06-2025

  • Automotive
  • Business Wire

Faraday Future Launches FF AI 2.0 Software Update for the FF 91 and Future FX Models: Represents the Biggest AI Leap Yet, Built with OpenAI

LOS ANGELES--(BUSINESS WIRE)--Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) ('Faraday Future', 'FF' or the 'Company'), a California-based global shared intelligent electric mobility ecosystem company, today announced the debut of FF AI 2.0, which will be incorporated in the FF 91 2.0 via software updates soon. This update represents the most significant upgrade to our intelligent in-car OS since the FF 91 launched in 2023. This milestone release delivers a major architectural overhaul that reengineers FF AI from the inside out and brings to life a new class of intelligent experiences that were never possible under traditional rule-based AI systems. This software could eventually be incorporated into FX models when launched as it is a shareable platform. This release of the FF AI 2.0 system, which can now switch between over 50 languages in real-time, remembers conversational context and understands complex commands. For example, when a user states, 'It's a bit warm, but I don't want the AC on,' it will intelligently recommend to adjust alternative vehicle controls for optimal comfort, such as open the windows or close the roof shade. A video of the new system in operation can be found here: FF AI 2.0 is deeply integrated with OpenAI. The system is scheduled to be available on the FF 91 via an upcoming OTA update, with a planned rollout for the FX line in the future. FF could be the first automotive company in North America to offer this level of AI functionality. For a diverse, multilingual market like the U.S., FF AI 2.0 could provide value FF believes is exceptional to users. Intelligence That Goes Beyond Voice At the core of FF AI 2.0 is the deep integration of large language models (LLMs) into Faraday Future's software and hardware stack. FF AI 2.0 is built to work with the models users already love and use — starting with OpenAI — and designed to stay compatible as new AI models emerge. This enables not only true natural voice interactions but also extends LLM intelligence across core in-car systems, including vehicle control, navigation, media, and many more. The result: users can express what they want, how they want, when they want, and in over 50 languages — with unprecedented freedom. Multi-Agent Architecture: Intelligence Amplified Behind this breakthrough is a multi-agent AI architecture that orchestrates the best of four AI capabilities: OpenAI-powered LLMs for rich, conversational understanding and natural-sounding voice. Real-time AI web search agents for timely, accurate knowledge. RAG (Retrieval-Augmented Generation) agents that draw from the FF user manual for context-specific support. Proprietary arbitration model that makes all of the agents work seamlessly. Rather than relying on a single model, FF AI 2.0 intelligently chooses the right agent for the task — in real time. Whether it's controlling the cabin, searching for weekend events, or understanding what's happening with the vehicle, the system seamlessly determines the best path forward. "This integration marks a step change: FF AI 2.0 isn't just more capable — It introduces a new way of interacting with machines in the age of ambient intelligence," said Shuai Yang, Sr. Manager, Product Management at FF. FF AI 2.0 Feature Highlights 50+ Language Support & In-Session Multilingual Switching Switch languages during a session, instantly: (e.g. Start in English, switch to Chinese, Arabic, Hindi, etc.) True Natural Language Understanding Understands your intent, not just keywords: (e.g. 'It's so hot but I don't want to use AC') Change Commands on the Fly Handles corrections and mid-sentence changes: (e.g. 'Change temp to 72… actually, 69… no, 68') Compound (Cross-Domain) Commands Handles multiple actions in one go: (e.g. 'Open windows, set temp, play music, navigate…') Multi-turn contextual memory Remembers previous context, follows multi-step conversations: (e.g. 'Navigate to Palm Springs' → 'What's the weather there?' → 'Suggest a spot for sunset' → 'Add it to the trip') Natural, Upgraded AI Voice Sounds human, not robotic. Super Low Latency Instant responses (thanks to speech-to-speech model). Semantic VAD (Intelligent Listening) Knows when you're done—even with 'uhm…' and filler words. Real-Time AI Web Search Answers with up-to-date online info: (e.g. 'What's happening this weekend in Joshua Tree?') On-Demand User Manual Support with RAG Step-by-step help for vehicle features: (e.g. 'How do I adjust the head-up display brightness?'). Wake Word Support Just say 'Hey Faraday' to start. 'We are excited to release our FF AI 2.0 upgrade. With this release, FF brings to life the kind of human-machine interface customers have long imagined,' said YT Jia, FF founder and Global Co-CEO of Faraday Future. 'And this is just the beginning; FF AI 2.0 is not just smarter, it's more human, more capable, and more connected than ever before.' 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 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 'plans,' 'desire,' 'believes,' 'seeks,' 'may,' 'will,' 'should,' and 'future,' 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, which include statements regarding the timing for the FF AI 2.0 software update, the FX brand, future FX models, and the expansion of the FF AI 2.0 software to future FX models, 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 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 design and develop AI-based solutions; competition in the AI area, where actual or potential competitors have or are likely to have substantial advantages relative to the Company, including but not limited to experience, expertise, funding, infrastructure and personnel; the ability of the Company to execute across multiple concurrent strategies, including the UAE, bridge strategy, or FX, EREV, AI, and US geographic expansion; the Company's ability to secure necessary agreements to license third-party range extender technology and/or license or produce FX vehicles in the U.S., the Middle East, or elsewhere, none of which have been secured; and the Company's ability to secure necessary permits at its Hanford, CA production facility; 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 history of losses and expectation of continued losses; 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; 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.

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