Faraday Future Delivers an FF 91 2.0 to First Retail Investor User
June 13 2024 - 12:29PM
Business Wire
Marks the Resumption of the Start of Delivery Phase 2
Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE)
(“Faraday Future”, “FF” or “Company”), a California-based global
shared intelligent electric mobility ecosystem company, today
announced that it delivered the latest FF 91 2.0 for prominent
retail investor Jun He. The Chief Operating Officer of his U.S.
branch accepted the vehicle at the delivery event which took place
at the Company’s Los Angeles headquarters. Guests included FF
Founder and Chief Product and User Ecosystem Officer YT Jia, who
handed over the vehicle to Mr. He’s representative. This marks the
resumption of the Start of Delivery Second Phase (SOD2) that began
last year.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20240612895782/en/
FF Founder and Chief Product and User
Ecosystem Officer YT Jia (Left) handed over the vehicle to Mr. He’s
representative. (Photo: Business Wire)
During the delivery ceremony, FF presented key features of the
FF 91 including the vehicle’s unique 3rd AI Space features. This
includes an industry-first in-car aggregated sports streaming,
financial news browsing and stock quotes. It brings a home living
room experience into the FF 91 cabin. The car utilizes the first
major over-the-air (OTA) upgrades for the FF 91 2.0, comprising 752
new additions and 846 improvements. These technology upgrades
showcase a breakthrough in the FF’s user experience and Co-Creation
value, while further reflecting the industry trends of "All-AI,
All-Hyper, All-Ability.”
“We are extremely grateful for another owner to take delivery of
our product which demonstrates that we have a supportive owner
community as well as the product power of the FF 91 2.0 that users
aim to acquire,” said Matthias Aydt, Global CEO of FF. YT Jia
stated, “FF is considering introducing a second brand under our
‘US-China Automotive Industry Bridge Strategy’, which could seek to
integrate our high-value solutions and features into vehicles in a
more affordable mass market product segment, which would enable
more retail investors to enjoy our ‘Ultimate AI TechLuxury’ in the
future.”
Users can preorder an FF 91 2.0 vehicle via the FF Intelligent
App or through ff.com:
(English): https://www.ff.com/us/preorder/ (Chinese):
https://www.ff.com/cn/preorder/
ABOUT FARADAY FUTURE
Faraday Future is the pioneer of the Ultimate AI TechLuxury
ultra spire market in the intelligent EV era, and the disruptor of
the traditional ultra-luxury car civilization epitomized by Ferrari
and Maybach. FF is not just an EV company, but also a
software-driven intelligent internet company. Ultimately FF aims to
become a User Company by offering a shared intelligent mobility
ecosystem. FF remains dedicated to advancing electric vehicle
technology to meet the evolving needs and preferences of users
worldwide, driven by a pursuit of intelligent and AI-driven
mobility.
FOLLOW FARADAY FUTURE
https://www.ff.com/ https://www.ff.com/us/mobile-app/
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www.linkedin.com/company/faradayfuture/
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 “estimates,” “projected,” “expects,”
“anticipates,” “forecasts,” “plans,” “intends,” “believes,”
“seeks,” “may,” “will,” “should,” “future,” “propose” 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 Company’s planned financings,
growth strategy in the U.S., China and the Middle East, and the
Company’s leasing program, 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
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 warrant
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 Securities and Exchange
Commission (“SEC”) on May 28, 2024 and other documents filed by the
Company from time to time with the SEC.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240612895782/en/
Investors (English): ir@faradayfuture.com Investors (Chinese):
cn-ir@faradayfuture.com Media: john.schilling@ff.com
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