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- Updates on the latest Faraday X (FX) strategies, including timing information and features and next steps for the FX model will be announced.
- The FX prototype mules will be on display in Las Vegas, NV next week and have begun product development and a US regulatory review 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 distributed intelligence company, today announced that it will release a video on January 8, 2025, which will describe the latest developments in its Faraday X (FX) model and product details since its launch on September 19, 2024, including the latest developments, details of time and features, and next steps. The video will be published on January 8, 2025, on FF.com, the FF App and the social media accounts of FF, FX and YT Jia at 5:00 pm Pacific Standard Time, and then added to the Investor’s database. The relations section of the Company’s website at www.ff.com.
The FX brand is accelerating its efforts to bring “double the performance at half the price” of AIEV products to US consumers and is moving forward in its mission to provide EVs with performance and technology through low cost.
The FX prototype arrived in Los Angeles in late December 2024 and has begun product development and testing in America, and will make a stop in Las Vegas, NV from January 5-7.
For Media: If you are interested in seeing FX models and learning more about FX strategy from Company executives, please contact John Schilling at john.schilling@ff.com.
ABOUT THE FARADAY FUTURE
Faraday Future is the market pioneer of the Ultimate AI TechLuxury ultra spire in the era of smart EV, and the chaos of the development of luxury cars introduced by Ferrari (NYSE: ) and Maybach. FF is not only an EV Company, but also an intelligent software-driven company. Ultimately FF aims to be the User’s Company by providing a shared smart mobility system. FF is dedicated to developing electric vehicle technology to meet the needs and preferences of users worldwide, driven by the pursuit of intelligent and AI-driven mobility.
EXPECTATIONS SENTENCES
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, estimate, expect, expects, forecast, plans, plan, believes, wants, may, will, will, may, future, suggest and contrast these words or similar phrases (or translations negative of such words or phrases) are intended to identify forward-looking 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 are include many known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the Company’s control, which could cause actual results or results to differ materially from those discussed in future announcements first.
Important factors, among others, that could affect actual results or results include, among others: potential unexpected delays in the customs clearance process for the sample mules ; The Company’s ability to obtain the necessary funds to implement the FX strategy will be substantial; 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 financial condition and financial condition; the Company’s ability to pay its outstanding obligations; The Company’s ability to remediate its weaknesses in internal control over financial reporting and the risks associated with the disclosure of the consolidated financial statements; the Company’s limited operating history and the significant obstacles to growth it faces; the Company’s history of losses and the expectation of continued losses; the effectiveness of the Company’s cost reduction strategy; The Company’s ability to carry out its plans to develop and market its vehicles and the timing of these development programs; the Company’s estimates of the market size 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; operation and security of Company vehicles; current and potential litigation involving the Company; The Company’s ability to obtain financing from, satisfy precedents 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 seeking protection under the Bankruptcy Code; liabilities of the Company; The Company’s ability to cover future warranty claims; The Company’s ability to implement its marketing program; insurance coverage; general economic and market conditions affecting demand for the Company’s products; the potential adverse effects of stock splits; potential costs, population actions 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 epidemics, terrorist attacks and civil unrest; risks related to the Company’s operations in China; the effectiveness of the Company’s corrective actions taken in response to the findings of the Special Committee; the Company’s dependence on its suppliers and contractors; The Company’s ability to develop and protect its technology; The Company’s ability to protect itself against cyber security risks; and the Company’s ability to attract and retain employees, any adverse changes in existing legal proceedings or the initiation of new proceedings, and the volatility of the Company’s stock price. You should carefully consider the foregoing and 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 by May 30, 2024 and June 24, 2024, as updated by the Risk Factors section of the Company’s first quarter of 2024 Form 10-Q filed with the SEC on July 30, 2024, and other documents filed by the Company from time to time with the SEC.
Check out 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:).
