Summary of Faraday Future Intelligent Electric Conference Call Company Overview - **Company Name**: Faraday Future Intelligent Electric Inc. - **Ticker**: FFIE - **Founded**: 2014 by YT Jia - **Headquarters**: California - **Investment**: Approximately $3.5 billion invested, primarily in R&D and CapEx [3][2] - **Patents**: Over 600 patent files globally [3] - **Manufacturing Facility**: Located in Hanford, California, covering 1.1 million square feet with an investment of $300 million, capable of producing over 10,000 vehicles annually [3] Product Strategy - **Dual-Brand Strategy**: - **First Brand**: Faraday Future, targeting high-end premium market ($100,000 to $300,000), competing with brands like Ferrari and Rolls-Royce [3][4] - **Second Brand**: Faraday X, aimed at mass-market with price range of $20,000 to $80,000 [4][10] - **Current Products**: - **FF 91**: Launched, features include 0 to 60 mph in 2.3 seconds, 400 miles range, 1,050 horsepower, and advanced user experience with a 27-inch ultra-wide screen [5][6] - **FX Super One**: Upcoming product, positioned as a full-size SUV, expected to be priced around half of the Cadillac Escalade [5][25] Market Positioning - **Market Opportunity**: - The luxury electric vehicle market is seen as a "blue ocean" with limited competition for high-end electric vehicles [4] - The mass-market segment is expected to capture significant market share, with a potential of selling 150,000 vehicles annually [12] - **Competitive Landscape**: - Tesla dominates the U.S. electric vehicle market with a 90% share, while local Chinese brands are gaining traction in their home market [11][12] Strategic Advantages - **Cost Efficiency**: - By partnering with Chinese OEMs, Faraday Future can avoid high tariffs on complete vehicles (200% vs. 25% for parts) [13] - Established software and operational capabilities reduce development time and costs [14][20] - **Brand Recognition**: - Faraday Future has an established brand presence, unlike many Chinese competitors [14][15] Financial Performance - **Market Capitalization**: Approximately $250 million, with significant upside potential compared to competitors like Lucid Motors [19] - **Cash Burn**: Less than $80 million last year, with expectations for a slight increase this year due to efficient business model [20] Future Plans - **Production and Launch**: - FX Super One is expected to ramp up production with over 10,000 paid reservations already received [16][18] - Initial launch in the UAE planned for November, serving as a test market before U.S. launch [31][32] - **Marketing Strategy**: - Active promotional events in major U.S. cities to build brand awareness and customer engagement [29][30] Investor Value Proposition - **Unique Positioning**: Established brand, significant prior investment, and a smart, efficient business model [35] - **Market Potential**: Low valuation compared to peers, presenting an attractive investment opportunity in the EV sector [35]

FF创始人贾跃亭表示，其目标是打造美股中融合Web2与Web3，以及EAI（Ecosystem AI）与Crypto（加 密货币）的独特上市公司。为实现这一目标，FF计划将其Crypto飞轮业务CXC10公司进行独立分拆并寻 求上市。据了解，该计划已获得公司董事会批准。分拆后的CXC10将进行独立融资，这一举措旨在消 除现有FFAI股东对于Crypto业务融资可能稀释其股份的担忧。同时，此举将使EAI电动车团队与Crypto 业务团队能更专注于各自的核心领域，特别是推进FF和FX品牌产品的交付进度。 值得注意的是，尽管CXC10将独立运营，但其核心价值将通过合并报表的方式体现在FFAI的整体上市 体系中，形成所谓的"双飞轮"模式，既能独立运转，又能相互促进。 在Crypto业务方面，FF透露其C10 Treasury已完成了约1,000万美元的加密资产配置，并且目前已实现盈 利，整体表现超越了C10指数。截至美西时间9月12日，其主动配置的20%核心加密资产表现尤为突出， 浮动盈利均优于大盘及C10平均水平。 除了备受关注的Crypto业务分拆计划，本次919活动预计还将公布关于FX Super One车型的 ...

完整早报音频，请点击标题下方小耳机收听 【西贝就 "预制菜风波"致歉：将尽可能调整到门店现场加工，罗永浩：决定放弃进一步追究西贝】 9 月 15 日， 西贝发布致歉信称，将尽可能把中央厨房前置加工工艺调整到门店现场加工。 2025 年 10 月 1 日前，西贝全国门 店会陆续完成相关调整。 9 月 15 日，罗永浩发文表示，决定放弃进一步追究西贝。（南方都市报） 上下滑动可查看长图 【罗永浩称华与华老板已向其道歉】 9 月 15 日，罗永浩发文称，"华与华的老板已经跟我道了歉，这件事可以过 去了，毕竟它只是一个跑题的插曲。严肃的主题还是餐饮企业使用预制菜时，为什么必须给消费者知情权。"此前， 华与华营销咨询有限公司董事长华杉在社交平台力挺西贝创始人贾国龙，称"西贝可以说是中国最好的企业之一，遭 到这种网络黑嘴的网暴，老板选择硬杠，一定要辩个清楚明白，这也给习惯于忍辱负重、苟且偷生的好人做了一个 示范"。（中华网） 【雷军：小米 17 系列全面对标 iPhone ，正面迎战】 9 月 15 日，雷军发文称，小米 17 系列，产品力跨代升 级，全面对标 iPhone ，正面迎战。此前，小米集团总裁卢伟冰在社交平台 ...

每经AI快讯，9月15日，法拉第未来微博表示，正式启动Crypto飞轮分拆上市计划，将尽快完成由上市 公司FFAI控股的第二家独立上市公司CXC10。新公司CXC10将独立融资独立运转。目前，董事会已批 准CXC10分拆上市战略，公司正与投行、战略投资者、律所密切工作。 ...

国内新闻 商务部：对原产于美国的进口相关模拟芯片发起反倾销立案调查 9月13日，商务部于2025年7月23日收到江苏省半导体行业协会代表国内相关模拟芯片产业正式提交的反倾销调查申请，申 请人请求对原产于美国的进口相关模拟芯片进行反倾销调查。商务部依据《中华人民共和国反倾销条例》有关规定，对申请人 资格、申请调查产品有关情况、中国同类产品有关情况、申请调查产品对国内产业影响、申请调查国家有关情况等进行了审 查。 商务部耿洪洲：至9月10日汽车以旧换新申请量已达830万份 9月13日，商务部市场运行和消费促进司一级巡视员耿洪洲在2025中国汽车产业发展（泰达）国际论坛上表示，截至9月10 日，今年以来汽车以旧换新申请量已经达到830万份。商务部现正在会同相关部门开展汽车流通消费改革试点工作，支持地方在 破除汽车消费限制限制性的措施。 生态环境部李天威：将继续开展新车生产一致性和在用复核性抽查 9月13日，生态环境部大气环境司司长李天威在2025中国汽车产业发展（泰达）国际论坛上表示，将继续开展新车生产一致 性和在用复核性的抽查。从车辆一出生就要管起来。生态环境部将依托机动车环保监管平台，系统分析新车的环保信息公开 ...

八部门：目标2025年力争实现全年汽车销量3230万辆左右，同比增长约3% 工业和信息化部等八部门印发《汽车行业稳增长工作方案（2025—2026年）》，主要目标为：2025年， 力争实现全年汽车销量3230万辆左右，同比增长约3%，其中新能源汽车销量1550万辆左右，同比增长 约20%；汽车出口保持稳定增长；汽车制造业增加值同比增长6%左右。2026年，行业运行保持稳中向 好发展态势，产业规模和质量效益进一步提升。 八部门：推进智能网联汽车准入和上路通行试点，有条件批准L3级车型生产准入 9月13日，小米董事长兼CEO雷军在社交平台发文透露，公司法务部今年已取证数百个账号，发起诉讼 数十起，正在等待逐一开庭，多起报警的案件也正在办案过程中。"昨晚央视财经《经济半小时》播出 了起底黑公关的内容，小米、小鹏、蔚来、深蓝四家车企接受了采访。造谣抹黑各家车企的手段高度相 似，都有AI生成造谣内容、评论区辱骂车主、新车发布前通稿抹黑车企产品等行为，甚至有平台对于 相同内容正面负面不同引导的标题会有不同的流量呈现。"雷军写道。 智界新款开启全国交付 9月14日，智界新款开启全国大规模交付。新款智界R7、智界新S7起售价 ...

人民财讯9月13日电，9月13日，Faraday Future(FF)官微宣布，根据整体的战略规划，公司正筹划将其 Crypto&C10及加密相关资产和业务独立拆分并推动公开上市。据悉，C&C10公司将由"三驾马车"核心 业务驱动，其中包括C10Treasury。FF称，过去两周，C10Treasury已成功完成两轮总计约700万美元的加 密资产配置，C10主动配置的四个核心加密资产全部超越C10平均水平和跑赢大盘。 ...

Core Viewpoint - Faraday Future is planning to independently split and publicly list its Crypto&C10 and related assets and businesses, aiming to create two independent listing systems that can operate separately while forming strategic synergies [1][3]. Group 1: Strategic Implications - The split will address two core concerns of shareholders and is expected to bring five significant values to the company [3]. - The company aims to build an ecosystem that integrates EAI EV assets with blockchain technology and crypto asset applications [4]. Group 2: Financial and Operational Benefits - Future C10 Treasury will independently finance through the newly established company, preventing dilution of FFAI's equity [5]. - Independent operations will allow teams to focus more clearly on their respective strategies and business, particularly the delivery of FF and FX products [5]. - The independent operation of C&C10 is expected to release its value and act as a value amplifier for FFAI's EAI EV strategy [5]. - The split will enable the companies to operate in a broader strategic space, facilitating innovation between Web2 and Web3 [5]. - C&C10 will be more agile and focused post-split, allowing it to quickly seize opportunities in the Web3 era [5]. - A clear financial structure will support the dual-flywheel strategy, enabling precise management and efficient decision-making [5]. - The independent listing of C&C10 is expected to attract top global talent in the Web3 space [5][6].

格隆汇9月13日｜FF宣布，根据整体的战略规划，公司正在积极筹划将其Crypto&C10及加密相关资产和 业务独立拆分并推动公开上市。公司将在即将到来的919发布会上正式披露详细信息。 此次分拆上市计 划将打造两个独立上市体系——FFAI以及旗下专注于Crypto飞轮的新公司——两者既独立运作，又可形 成战略协同赋能。这一拆分计划将成为公司战略的新支点，有望为FF及其股东带来显著的增量价值。 ...

Core Viewpoint - The collaboration between Faraday Future (FF) and Great Wall Motors regarding the Super One model is primarily an intermediary operation, with Great Wall not directly involved in the assembly process, although the chairman expressed a positive outlook on such collaboration for Chinese automakers [1][3]. Group 1: Company Developments - FF launched its sub-brand FX and introduced the Super One model, which is expected to begin deliveries by the end of 2025, with a projected price under $80,000 (approximately 580,000 RMB) [3]. - The Super One model has been noted for its striking resemblance to Great Wall's Weipai Gaoshan 9, leading to allegations of design plagiarism against FF [3]. - Reports indicate that the FX Super One is actually a model developed in collaboration with Great Wall, which is one of the four Chinese partners in FF's proposed Sino-American automotive industry bridge strategy [3]. Group 2: Industry Reactions - Great Wall's chairman, Wei Jianjun, acknowledged the potential benefits of such intermediary collaborations for Chinese automotive companies, despite the lack of direct involvement in the Super One project [1]. - FF's global president, Wang Jiawei, stated that the Super One was developed in partnership with Chinese industry collaborators, denying any claims of plagiarism [3].