Faraday Future Founder and Co-CEO YT Jia Shares Weekly Investor Update: The Whole FX Team is Now in Full Sprint Mode for the Year-End Off-Line Target for the Company's First FX Super One Vehicle

Core Insights - The UAE launch of the FX Super One is scheduled for October 28 at the Armani Hotel, Burj Khalifa, Dubai, marking a significant event for the company [1][6] - Faraday Future has achieved a major production and delivery milestone by signing a procurement agreement for the first batch of complete parts for the FX Super One, with shipments set to begin [2][3] - The company is transitioning from technical validation and prototype development to mass production and delivery, which is crucial for its future growth [2][4] Production and Technology - The FX Super One is set to enter pilot build and initial production, aiming for the first vehicle to be off-line by year-end, which will facilitate large-scale delivery [8] - Engineering validation, functional testing, and homologation will commence once the parts arrive, generating data to support mass production [8] - The company is enhancing product competitiveness through increased U.S.-based R&D and engineering changes, despite the associated costs and lead times [8] Financial Reporting - The Q3 financial reporting process has been initiated on schedule, with both listed entities under the Dual Flywheel structure preparing their reports [5] Strategic Initiatives - The company is establishing a new strategic and business incubation system to enhance coordination and execution efficiency, aiming for dual breakthroughs in operational efficiency and long-term value creation [11] - A composite ecosystem of Technology × Product × Finance × Co-Creation is rapidly developing, indicating a holistic approach to business growth [12]