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 - Faraday Future is set to launch the FX Super One in the UAE on October 28 at the Armani Hotel, Burj Khalifa, Dubai [6] - The company has signed procurement agreements for the first batch of complete parts for the FX Super One, marking a significant milestone in production and delivery [2][3] - The FX Super One aims to leverage core technologies from the FF 91 model, targeting a broader audience with a more affordable offering [3] Production and Delivery Milestones - The company is in full sprint mode to meet the year-end target for the first FX Super One vehicle, transitioning from R&D to mass production [2][3] - Engineering validation, functional testing, and homologation will commence once the parts arrive, supporting potential mass production [13] - The milestone validates the effectiveness of the company's operational models and lays a foundation for future mass production programs [4] Financial Reporting and Operational Management - The Q3 financial reporting process has officially begun, with both listed entities under the Dual Flywheel structure on schedule for timely report delivery [5] - The company has developed a mature operational management system and is providing transition services to Qualigen to ensure compliance with public company standards [7] Strategic Initiatives - The company is establishing a new strategic and business incubation system to enhance coordination and execution efficiency across regions and verticals [9] - The FX strategy aims to create a composite ecosystem of Technology × Product × Finance × Co-Creation, driving dual breakthroughs in operational efficiency and long-term value creation [10]