Faraday Future to Announce FX Business Strategy Update and New Product Details January 8, 2025 in Las Vegas, NV By Investing.com

• The latest developments in the Faraday X (FX) strategy will be announced, including timing and segment information and next steps for the FX brand.
• The FX Mule Prototype will be shown in Las Vegas, NV next week, marking the start of 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 global company for a shared intelligent electric mobility ecosystem based in California, today announced that it will release a video on January 8, 2025, which will showcase the latest developments related to the Faraday brand X (FX) and product details from launch on September 19, 2024, including the latest developments, timing and segment information, and next steps. The video will be broadcast on January 8, 2025 on FF.com, the FF app, and the FF, FX, and YT Jia social media accounts at 5:00 PM PST, and will then be archived on the Investor Relations section of the website Companies at www.ff.com.

The FX brand is accelerating its efforts to deliver AIEV products to U.S. consumers with “twice the performance at half the price” and moving toward its goal of delivering performance-enhancing technology and affordable electric vehicles.

The FX mule prototypes arrived in Los Angeles in late December 2024 and began their product development and testing in the US, stopping in Las Vegas, NV on January 5-7.

For the media: If you are interested in seeing FX models and learning more about FX strategy from the firm’s executives, please contact John Schilling at john.schilling@ff.com.

ABOUT FARADAY’S FUTURE

Faraday Future is the pioneer of the Ultimate AI TechLuxury ultra spire market in the intelligent EV era and a disruptor of the traditional civilization of ultra-luxury cars represented by Ferrari (NYSE: ) and Maybach. FF is not only an electric vehicle company, but also an intelligent software-driven internet company. Ultimately, FF aims to become a customer company by offering a shared intelligent mobility ecosystem. FF remains committed to advancing electric vehicle technology to meet the growing needs and preferences of users around the world, driven by the pursuit of AI-driven intelligent 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. When used in this press release, the words estimate, predict, expect, anticipate, predict , plans, intends, believes, seeks, may, will, should, future, propose and variations of these words or similar expressions (or negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements, which include statements regarding the development and testing of FX products and accelerated development efforts, are not guarantees of future performance, conditions or results and involve numerous known and unknown risks, uncertainties, assumptions and other important factors, including are many 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 related to the customs clearance process for the prototype mule; The Company’s ability to secure the necessary financing to implement the FX strategy, which will be significant; the Company’s ability to secure additional contracts with OEMs necessary to implement the FX strategy; 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 significant weaknesses in internal control over financial reporting and the risks associated with the restatement of previously issued consolidated financial statements; the Company’s limited operating history and the significant obstacles to growth it faces; the Company’s history of losses and expectations of continued losses; the Company’s success in reducing payroll costs; the company’s ability to execute its plans to develop and sell its vehicles and the timing of those development programs; the Company’s estimates of the size of the market for its vehicles and the costs of bringing 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; performance and safety of the Company’s vehicles; current and potential litigation involving the Company; The ability of the Company to receive funds from the various forms of financing described elsewhere by the Company, to satisfy the conditions precedent and to close them; the result of future financing efforts, the failure of any of which could result in the Company seeking protection under the Bankruptcy Code; indebtedness of the Company; the company’s ability to cover future warranty claims; the Company’s ability to use its program in the market; insurance; general economic and market conditions affecting demand for the Company’s products; possible negative effects of the reverse stock; potential cost, headcount and salary reduction activities 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 associated with the Company’s operations in China; the success of the Company’s corrective measures taken in response to the findings of the Special Committee; the Company’s dependence on suppliers and contract manufacturers; the company’s ability to develop and protect its technologies; the Company’s ability to protect itself from cybersecurity risks; and the Company’s ability to attract and retain employees, any adverse developments in existing legal proceedings or the initiation of new legal proceedings, and the volatility of the Company’s share price. You should carefully consider the above factors and the other risks and uncertainties described in the Company’s Risk Factors section of the Form 10-K filed with the SEC on May 28, 2024, as amended on May 30, 2024 and June 24, 2024 as updated in the Risk Factors section of the Company’s Form 10-Q for the first quarter of 2024 filed with the SEC on July 30 2024 and other documents filed by the Company with the SEC from time to time.

See the original version on 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:).