- Announces 300 invite-only, limited-edition FF 91 Futurist
Alliance Edition model and new reservation plan for FF 91 Futurist
model, with a deposit of $5,000 and $1,500, respectively. New FF
Intelligent APP and FF.com will be the online reservation
platform.
- $1 billion round of financing will promote FF 91’s delivery
in 12 months, marking the last sprint towards production for
manufacturing, supply chain, user ecosystem and other related areas
with the goal to be the leader in its market segment.
- Six external partner representatives join FF on the Nasdaq
stage to ring the bell, forming the Futurist Alliance together with
FF’s internal partners, ultimately realizing value co-creation and
value sharing.
Faraday Future ("FF"), a California-based global shared
intelligent mobility ecosystem company, announced that its shares
were listed on the Nasdaq Stock Market today. The listed company
was renamed “Faraday Future Intelligent Electric Inc.”, with its
Class A common stock and warrants trading on the Nasdaq Stock
Market under the ticker symbols “FFIE” and “FFIEW”, respectively.
The “I” stands for Intelligent and Internet, and “E” stands for
Ecosystem and Electric. This reflects the fact that FF is not just
an EV company, but also an internet and technology company, an AI
product company, a software company and a user ecosystem
company.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20210722006035/en/
Faraday Future Celebrates its official
Listing on Nasdaq With the Ticker “FFIE” (Photo: Business Wire)
“Today is a new chapter in FF’s history, marking the culmination
of a noble vision and mission created seven years ago in California
by our founder YT Jia. This is also the common mission of our
global partners, who are also known as the Futurist Alliance,” said
Dr. Carsten Breitfeld, Faraday Future’s Global CEO. “We would like
to thank all investors, partners and internal and external partners
for their trust and confidence in our leadership, product
technology and business model, and we are confident in the
high-quality delivery of our FF 91 Futurist in the next 12
months.”
FF also announced the brand-new reservation policy for its FF 91
Futurist. The first announced FF 91 Futurist Alliance Edition will
be limited to 300 units globally, with a priority reservation
deposit of $5,000. This initial group of FF 91 owners will all
receive three user privileges: Futurist Alliance membership, Spire
Club membership, and the next generation product upgrade
privileges. FF has also launched the FF 91 Futurist Edition for a
priority reservation deposit of $1,500.
As FF Founder and Chief Product and User Ecosystem Officer, YT
Jia led the FF team to define and develop the ultimate intelligent
techluxury FF 91 five years ago, and is now focusing on pushing the
product power improvement, and user ecosystem establishment. The FF
91 Futurist Alliance Edition and FF 91 Futurist models represent
the next generation intelligent internet EV product with unbeatable
product power. They are not just high-performance EVs, all-ability
cars, and ultimate robotic vehicles, but also the third internet
living space, and are equipped with unique technology, an ultimate
user experience and complete ecosystem. FF 91 Futurist has an
industry-leading 1050 hp, 130kWh battery pack with immersive liquid
cooling technology, capable of 0-60mph in 2.4 seconds, tri-motor
torque vectoring, and rear wheels independently driven and
controlled by dual rear motors. FF 91 is also equipped with the
industry‘s only super AP for internet connection at “light speed”,
video streaming on PID, rear intelligent internet system, in-car
video conferencing system, Intelligent Seamless Entry, FFID face
recognition, multi touch eyes-free control, and zero gravity
rear-seats with the industry’s largest reclining angle of 150
degrees.
With the FF Intelligent App, users will be able to configure and
reserve an FF 91, create an FFID, book exclusive test rides, and
even book a tour of FF’s global headquarters in Los Angeles. The FF
Intelligent App is not only an FF 91 reservation platform and
social community where all Futurists connect and communicate, but
also the most important platform for the value co-creation and
sharing of our FF user ecosystem. Users can learn more about our
products and interact with the technology that sets FF apart from
others in the EV space. Along with the social community aspects
where users and fans can share thoughts and ideas together, users
will also have an opportunity to sign up for a unique Futurist
Product Officer (FPO) program and even interact with FF executives
and employees to share ideas. To download the FF Intelligent App,
go to: http://appdownload.ff.com
FF secured approximately $1 billion through its business
combination with Property Solutions Acquisition Corp. This is
expected to provide sufficient funding for delivering the FF 91
Futurist model to our global users within 12 months, disrupt the
traditional ultra-luxury brands and become the industry’s No. 1 in
the applicable market segment positioned at the top of the pyramid,
and with the launch of additional future models, we aim to be among
the leaders in the high-value user market.
FF’s Global Partnership was established by YT Jia three years
ago with half of his FF shares. At the Nasdaq bell ringing
ceremony, six FF external partners from different industries went
on stage to ring the bell together with FF’s internal partners.
Since its founding, FF has completed product innovations based on
the intelligent driving platform and third internet living space,
the propulsion system and I.A.I (Internet, Autonomous Driving,
Intelligence) driven technology innovations, business model and
profit model innovation, user ecosystem innovation, and governance
structure innovation centered around the partnership mechanism. FF
is the only company with U.S and China dual DNA and dual
home-market advantages, an ultimate intelligent techluxury brand
and Futurist value chain co-creation and shared governance
structure.
Users can reserve an FF 91 now at:
https://www.ff.com/us/reserve
ABOUT FARADAY FUTURE Established in May 2014, FF is a
global shared intelligent mobility ecosystem company, headquartered
in Los Angeles, California. Since its inception, FF has completed
the product innovation, technology innovation, business model and
profit model innovation, user ecosystem innovation, and governance
structure innovation. FF is the only company with U.S and China
dual DNA and dual home-market advantages. On July 22, 2021, FF was
listed on Nasdaq with the new company name “Faraday Future
Intelligent Electric Inc.”, and the ticker symbols “FFIE” for its
Class A common stock and “FFIEW” for its warrants. The “I” stands
for Intelligent and Internet, and “E” stands for Ecosystem and
Electric. This reflects the fact that FF is not just an EV company,
but also an internet and technology company, an AI product company,
a software company and a user ecosystem company. FF aims to
perpetually improve the way people move by creating a
forward-thinking mobility ecosystem that integrates clean energy,
AI, the Internet and new usership models. With the ultimate
intelligent techluxury brand positioning, FF’s first flagship
product FF 91 Futurist is equipped with unbeatable product power.
It is not just a high-performance EV, an all-ability car, an
ultimate robotic vehicle, but also the Third Internet Living
Space.
FOLLOW FARADAY FUTURE: https://www.ff.com/
https://twitter.com/FaradayFuture
https://www.facebook.com/faradayfuture/
https://www.instagram.com/faradayfuture/
www.linkedin.com/company/faradayfuture
NO OFFER OR SOLICITATION This communication shall neither
constitute an offer to sell or the solicitation of an offer to buy
any securities, nor shall there be any sale of securities in any
jurisdiction in which the offer, solicitation or sale would be
unlawful prior to the registration or qualification under the
securities laws of any such jurisdiction.
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 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 FF’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:
the inability to recognize the anticipated benefits of the business
combination, which may be affected by, among other things, costs
related to the business combination; FF’s ability to execute on its
plans to develop and market its vehicles and the timing of these
development programs; FF’s estimates of the size of the markets for
its vehicles; the rate and degree of market acceptance of FF’s
vehicles; the success of other competing manufacturers; the
performance and security of FF’s vehicles; potential litigation
involving FF; the result of future financing efforts and general
economic and market conditions impacting demand for FF’s products.
The foregoing list of factors is not exhaustive. You should
carefully consider the foregoing factors and the other risks and
uncertainties described in the “Risk Factors” section of the
registration statement on Form S-4 and proxy statement/consent
solicitation statement/prospectus and other documents previously
filed by Property Solutions Acquisition Corp. and filed by Faraday
Future Intelligent Electric Inc. from time to time with the SEC.
These filings identify and address other important risks and
uncertainties that could cause actual events and results to differ
materially from those contained in the forward-looking statements.
Forward-looking statements speak only as of the date they are made.
Readers are cautioned not to put undue reliance on forward-looking
statements, and FF does not undertake any obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except as required by
law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210722006035/en/
For Faraday Future Investors:
ir@faradayfuture.com Media: John Schilling
media@faradayfuture.com
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