- The latest Faraday X (FX) strategy developments will be announced, including timing and segment information and next steps for the FX brand.
- The FX prototype mules will be shown in Las Vegas, NV next week and have begun the product development and US regulatory testing phase for the company.
LOS ANGELES–( BUSINESS WIRE )–Faraday Future Intelligent Electric Inc . (Nasdaq: FFIE) (FF, Faraday Future, or the Company), a California-based global shared intelligent electric mobility ecosystem company, today announced that it will release a video on January 8, 2025 reflecting recent developments on its Faraday X (FX) brand and product details in 2024 Following the launch on September 19, including the latest developments, timing and segment information, and next steps. The video will be streamed on January 8, 2025 on FF.com, the FF app, and FF, FX and YT Jia’s social media accounts at 5:00 PM PT, and will then be included in the Investor Archive. Relations section of the company’s website www.ff.com.
The FX brand is accelerating its efforts to deliver “twice the performance at half the price” of AIEV products to US consumers and is advancing toward its goal of delivering performance and technology-driven electric vehicles at an affordable price.
The FX prototype mules arrived in Los Angeles in late December 2024 to begin product development and testing in the US and will make a stop in Las Vegas, NV from January 5-7.
For media: If you are interested in viewing FX models and learning more about FX strategy from company executives, please contact John Schilling at john.schilling@ff.com.
About Faraday’s future
Faraday Future is a pioneer of the Ultimate AI TechLuxury ultra spire market in the era of intelligent powertrains, disrupting the traditional ultra-luxury car civilization epitomized by Ferrari (NYSE: ) and Maybach. FF is not only a power supply company, but also a software-oriented intelligent Internet company. Ultimately FF aims to become a consumer company by offering a shared intelligent mobility ecosystem. FF remains committed to advancing electric vehicle technology to meet the evolving needs and preferences of consumers around the world, with the pursuit of intelligent and AI-driven mobility.
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. The words estimate, project, anticipate, anticipate, forecast, plan, intend, believe, seek, may, will, should, future, offer and variations of these words or similar expressions (or negative versions of such words or expressions) are intended to be forward-looking. to identify statements. These forward-looking statements, which include statements regarding FX product development and testing, and the acceleration of development efforts, 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 these are beyond the Company’s control, which could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements.
Important factors, among others, that could affect actual results or outcomes include, but are not limited to: potential unanticipated delays in the customs clearance process for prototype mules; the Company’s ability to secure the necessary financing to execute its FX strategy, which will be significant; the Company’s ability to secure additional agreements with OEMs necessary to execute the FX strategy; the Company’s ability to continue as a going concern and improve its liquidity and financial condition; the company’s ability to pay outstanding obligations; the Company’s ability to remediate material weaknesses in internal control over financial reporting and the risks associated with restatements of previously issued consolidated financial statements; the company’s limited operating history and significant barriers to its growth; the Company’s loss history and expectation of continued losses; the success of the company’s plan to reduce payroll costs; the Company’s ability to execute its plans to develop and market its vehicles and the timing of those development programs; the company’s estimates of the size of the markets for its vehicles and the cost of bringing those vehicles to market; the rate and quality of the company’s vehicles in the market; the Company’s ability to cover future warranty claims; the success of other competing manufacturers; operation and safety of company vehicles; current and potential litigation involving the Company; the Company’s ability to obtain funds, satisfy conditions precedent and close various financings described elsewhere by the Company; the outcome of future financing efforts, the failure of any of which could result in the Company being protected under the Bankruptcy Code; company debt; the Company’s ability to cover future warranty claims; the company’s ability to use its marketing program; insurance coverage; general economic and market conditions affecting demand for the Company’s products; potential adverse effects of the reverse stock split; potential costs, headcount and wage reduction actions may not be sufficient or may not achieve the expected results; circumstances beyond 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 remedial actions taken by the Company in response to the findings of the Special Committee; the company’s reliance on its suppliers and contract manufacturers; the Company’s ability to develop and protect its technologies; Company’s ability to protect against cyber security risks; and the Company’s ability to attract and retain employees, any adverse developments in existing litigation or the initiation of new litigation, and fluctuations in 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 May 28, 2024, as amended on May 30, 2024 and June 24, 2024. As updated by the risk factors section of the Company’s first quarter 2024 Form 10-Q filed with the SEC on July 30, 2024 and other documents filed by the Company with the SEC from time to time.
See the source version at businesswire.com: https://www.businesswire.com/news/home/20250102046307/en/
Investors (English): ir@faradayfuture.com
Investors (Chinese): cn-ir@faradayfuture.com
Media: john.schilling@ff.com
Source: Faraday Future Intelligent Electric Inc (NASDAQ: ).