- Faraday Future’s successful Stockholders’ Day underscores its dedication to transparency, shareholder communication, and long-term value creation as the company accelerates its mission to revolutionize the intelligent electric vehicle market.
- The FX Super One will debut with an exclusive offline product launch on June 29th, curated for key stakeholders – shareholders, investors, and others. This will be followed by a large-scale public online launch, the “Super One Online Global Product Launch,” on July 17th.
- Riding on the heels of recent B2B agreements with two U.S. MCN agencies, the FX Super One has now secured over 2,500 B2B pre-order deposits.
- Attendees had the opportunity to experience a ride & drive event featuring multiple FX prototype vehicles, including the FX Super One, FX 6, and FX 4.
- The FX 4 design concept was unveiled at the Stockholder Day event, with the product plan slated for Q3 2025 and pre-orders expected before year-end.
LOS ANGELES – Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) (“Faraday Future”, “FF” or “Company”), the California-based innovator in the global intelligent electric vehicle ecosystem, hosted its inaugural Annual Stockholders’ Day on Saturday, May 31st, at its Los Angeles headquarters. The event provided shareholders and guests with an immersive experience, including company presentations, strategic updates, and, critically, the chance to get behind the wheel of various FF and FX vehicle prototypes.
Faraday Future Founder and Co-CEO YT Jia speaks to guests at the Company’s first Annual Stockholders’ Day, held May 31st at the Company’s Los Angeles HQ.
Furthermore, the event featured an open Q&A session with FF executives and a private dinner for stockholders, fostering direct engagement between leadership and its investors. Adding a layer of anticipation, words of support from new B2B partners were delivered during the event.
“I’m grateful to everyone for joining us at our very first Annual Stockholders’ Day. It was a pleasure to welcome each and every one of you,” said Co-CEO YT Jia. “This was more than just another company event; it highlights our steadfast commitment to stockholder engagement, long-term value creation, and our unwavering dedication to putting our ‘Stockholders-First’ principle into practice.”
FX Product and Brand Momentum
Faraday Future is building on the excitement with plans for a bespoke offline product launch for the FX Super One on June 29th. The event will cater to five key groups, including FF stockholders and investors; B2B sales partners and prospects; global supply chain partners; media, influencers and key opinion leaders; co-creation officers and celebrities. Following this, FX will host a large-scale public launch scheduled for July 17th, the “Super One Online Global Product Launch,” marking the official launch and opening up B2C paid pre-orders.
The FX Super One has formally entered the parts procurement and production preparation phase. Internally, the countdown has begun as the company sets its sights on bringing its first production vehicle off-line by year-end. Additionally, development of its second model and subsequent products is progressing on schedule.
FX is experiencing robust momentum with B2B pre-orders and recently inked agreements totaling 600 units with two MCN agencies. The total number of binding B2B deposits for FX Super One now exceeds 2,500, further propelling FX toward challenging the market share of leading competitors like the Cadillac Escalade.
CreatoRev and Good Deal will also be collaborators as paid co-creation partners, boosting the AI-MPV experience.
This deep co-creation with top American MCNs represents a significant breakthrough and a key innovation within FX’s Co-Creation Ecosystem Online Direct Sales. FX is breaking away from standard influencer advertising and pioneering an end-to-end B2B2C co-creation ecosystem model. This unique model, which centers on collaboration between an automaker and MCN-affiliated creators, is a first in the global automotive sector.
FX’s B2B pre-orders are now growing across three major categories: the FF Par (Partner) program, commercial rental/livery companies, and livestream ecommerce MCN agencies. In the initial phase, the company plans to expand its reach across eight U.S. states (California, New York, Florida, Texas, Washington, New Jersey, Neveda, and Massachusetts). FX anticipates unveiling the FX 4 product plan in Q3 2025 and initiating pre-orders by the end of the year. Positioned to “disrupt the RAV4 in the AIEV era,” the FX 4 is expected to potentially become a major success and tap into the mainstream market within FX’s existing product line.
Company Operation Updates
In the user operations sector, the Company is speeding up the digitization, systemization, and IT integration of its user engagement ecosystem, a crucial step for the mass production and delivery of FX next year.
On the after-sales service front, the Company is advancing the FX Service Par program, actively forming alliances with leading automotive service providers, dealerships, and aftermarket partners.
The Company is also building a strong internal R&D system, which is strongly focused on implementing much of the software and AI, bringing core technologies, software, and AI capabilities found in the $300,000 flagship FF 91 to the FX product range. During the second half of the year, the voice interaction system based on large language models and the full FF ecosystem of services could be deployed in the planned FX Super One and FX 4.
The Company is working to finalise the full-vehicle engineering, supply chain integration, testing and validation, and mass production readiness. Simultaneously, FF is focusing on U.S. regulatory compliance for the Super One and initiating the hardware development of the FX 4.
FF has successfully established a full cycle for the FF 91, from product definition to after-sales support. Using its “Light, Swift, and Empowering” model, FX is able to finish this entire process faster than the industry norm.
Middle East Operations
As part of its global strategy, FF’s Middle East facility in Ras Al Khaimah Economic Zone (RAKEZ) is now ready for occupancy. The local teams are expected to be moving in shortly, signifying a move towards international production.
In the second half of the year, and dependent on available funding, FX is targeting to begin production of the FX Super One in the Middle East.
The Middle East strategy underscores four key values:
- Accelerated and more efficient compliance procedures.
- A significant concentration of high net-worth consumers with a strong demand for luxury business-class vehicles, such as the Super One.
- An invaluable opportunity to train our teams and validate our operational systems while preparing for large-scale U.S. market expansion.
- The visibility that comes from FX’s production, sales, and delivery; a factor that can attract strategic investors to the region.
ABOUT FARADAY FUTURE
Faraday Future is a California-based global shared intelligent electric mobility ecosystem company. Established in 2014, the Company is committed to disrupting the automotive sector through a user-centered, tech-first, and smart driving experience. The FF 91, the Company’s flagship model, showcases this vision for luxury, innovation, and performance. The new FX strategy aims to introduce mass production models with cutting-edge technology similar to the FF 91. These vehicles are designed for a broader market with mid-to-low price points. FF is driving the future with AI innovation. Join us as we shape the future of intelligent transportation. For more information, please visit https://www.ff.com/us/
FORWARD LOOKING STATEMENTS
This press release contains “forward looking statements” as defined in 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 future partnerships, joint ventures and fundraising, plans and projections for the FX brand, including by not limited to the planned Super One and FX 4, future FX models, future FX reservations, use of capital and 10b5-1 purchase plans, 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 ability to convert pre-orders into sales, none of which are binding; market demand for MPVs and MPV rentals; 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 EREV technology; the Company’s ability to design and develop AI-based solutions; competition in the AI and EREV areas, 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; 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; each executive’s ability to cancel or amend his 10b5-1 purchase plan; potential volume limitations under Rule 144 or Rule 145 of the Securities Act of 1933, as amended, or Regulation M; the possible suspension of purchases due to a trading suspension, legal, regulatory or contractual restrictions; a subsequent determination that a 10b5-1 plan does not comply with Rule 10b5-1 or other applicable securities laws; 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 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.
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