Faraday Future’s YT Jia Teases “Major Breakthrough” in Bridge Strategy at Pebble Beach Announcement

08/04/2025 – 12:13 AM

LOS ANGELES–(BUSINESS WIRE)–Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI), the electric vehicle startup aiming to carve its niche in the competitive EV market, today shared a business update from its Founder and Co-CEO, YT Jia. The update, framed as a weekly commentary, offers insights into the company’s strategic direction and recent progress.

Faraday Future Founder and Co-CEO YT Jia Shares Weekly Investor Update: Company to Announce Major Breakthrough of its Bridge Strategy on August 16 in Pebble Beach.

Jia kicked off his 14th weekly address – and 3rd monthly one – by positioning recent U.S. legislative activity regarding crypto as a potential turning point for the global economy. He believes the passage of the ‘Genius Act’ and the SEC’s “Project Crypto” signal an acceleration of blockchain integration into the U.S. financial system, potentially driving a convergence between Web2 and Web3 technologies. “This marks a significant acceleration of blockchain integration into the U.S. financial system,” Jia stated, highlighting its potential as the genesis of the next wave of innovation.

Marking his 100th day as Co-CEO, Jia teased a “major strategic upgrade” slated for August 16th at Pebble Beach. He promises the unveiling of the second chapter of FF’s “Bridge Strategy” will represent a significant milestone and unlock a new growth trajectory for the company. Investors will also want to tune into the upcoming Q2 earnings call wherein the company will discuss publicly its performance outlook for the next five years.

Jia then outlined what he calls a “Ten-Punch Combo” of transformations achieved in the past 100 days, resulting, he says, in a “full-scale refreshment” across various aspects of the business. These include improvements in corporate culture, product development, and financial performance. He noted that most of the milestone KPIs for Q3 set upon taking office have been met, and in some cases even exceeded expectations.

Specifically, Jia touted the successful unveiling of the FX Super One, positioned as a “First-Class EAI-MPV” which ignited the industry, driving dual accumulation of both user equity and brand equity. The company reports over 10,000 pre-orders to-date. Further user engagement is being encouraged via the launch of a global co-creation campaign, inviting users to design avatars for the Super EAI F.A.C.E.

On the manufacturing front, the FX Super One has officially entered the trial production phase at the company’s Hanford, California facility. Concurrently, construction of the Ras Al Khaimah facility in the UAE is progressing, positioning FF to potentially begin regional deliveries by year-end.

The FF and FX Bridge Strategy, designed to connect the U.S. and China automotive industries, has also seen progress. The company reports strong support from Chinese manufacturers and engagement with U.S. government stakeholders.

Jia also highlighted improvements in cash flow, significant reductions in core operating expenses, and upgrades to financial processes. He claims that market confidence has been reignited, with the company’s market capitalization nearly tripling and institutional investors increasing their positions. He also lauded what he called the “the Battle Against Illegal Short Selling” as having delivered initial positive results.

Finally, Jia highlighted a strategic parnertship with HabitTrade that reflects the company’s aim to build a forward-looking ecosystem that integrates EAI Mobility, Web3, blockchain technology, crypto, and stablecoins.

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/

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 6×4 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's YT Jia Teases "Major Breakthrough" in Bridge Strategy at Pebble Beach Announcement