Faraday Future Founder and Co-CEO YT Jia Shares Weekly Investor Update: FX Finalizes U.S. Production Assembly Plan

Core Insights - The Trump administration is considering significant tariff reductions for major automobile producers in the U.S. if they produce or assemble their cars domestically, which could benefit the U.S. advanced manufacturing and automotive industries [2][3] - Faraday Future (FF) has finalized the U.S. production assembly plan for the FX Super One, with component supply set to commence, aiming for the first U.S.-version rollout by year-end [4][15] - FF successfully closed a strategic investment of $30 million in Nasdaq-listed QLGN, reflecting a nearly 140% unrealized gain based on the closing price at the time of the transaction [9][15] Production and Development - The finalized production assembly plan for FX Super One is expected to significantly impact vehicle delivery costs and operational efficiency throughout the product lifecycle [4] - The component supply system has reached initial completion, marking a critical phase in executing the Bridge Strategy [5] - Ongoing testing and validation for the FX Super One are taking place in both the U.S. and UAE, with a launch set for October 28 and deliveries starting in November [6] Market Engagement - FF showcased the FF 91 and FX Super One at WETEX 2025 in the Middle East, receiving positive feedback and interest from UAE and Dubai royal families and senior government officials [7] - The participation in WETEX 2025 is seen as a strategic step forward in establishing a presence in the Middle East market [7] Leadership and Strategy - Three new leaders have joined FF, enhancing expertise in legal affairs, capital markets communication, and financial management [8] - The company is focused on its Dual Flywheel & Dual Bridge Eco-Strategy, which aims to integrate financial and mobility ecosystems [10] Safety and Future Plans - A fire incident at one of FF's satellite office buildings highlighted the need for improved safety measures, prompting the company to enhance its fire prevention efforts [11] - Looking ahead, FF will continue to prioritize the U.S. production readiness of FX Super One and preparations for UAE deliveries [12]