Faraday Future Founder and Co-CEO YT Jia Shares Weekly Investor Update: On November 20, QLGN, which is Strategically Invested in and Controlled by FFAI, will Begin Using its New Name, AIxCrypto, and will be Traded Under AIXC

Core Insights - Faraday Future Intelligent Electric Inc. (FF) is making significant progress in its business operations, particularly with the FX Super One vehicle and its strategic investments in QLGN, which will be rebranded as AIxCrypto [1][5][12] Group 1: Business Developments - FF signed a non-binding pre-order agreement for 100 units of the FX Super One with the California Hanlin Entrepreneurs Association, receiving a $10,000 non-refundable deposit, indicating strong demand from business leaders [3] - The first batch of complete FX Super One parts has departed from Shanghai and is expected to arrive in Long Beach by the end of November, marking the start of the pre-production trial-build phase [6] - FF and FX vehicles will adopt the North American Charging System (NACS), gaining access to over 28,000 Tesla Superchargers, enhancing infrastructure for future drivers [4][5] Group 2: Financial Performance - In Q3, FF reported a total loss of approximately $206 million, with a one-time impairment of about $138 million due to asset realignment, resulting in an operating loss of $68 million [7] - Despite the losses, FF achieved financing inflow greater than operating outflow for the sixth consecutive quarter, ending Q3 with the highest cash balance in nearly two years [8] Group 3: Strategic Initiatives - FF will officially deliver the FX Super One to its first global owner, Andrés Iniesta, on November 27, 2025, marking the launch of the EAI MPV era in the UAE market [9] - The company plans to participate in the Los Angeles Auto Show, showcasing its First Class EAI-MPV to the public [4][12] Group 4: Corporate Governance - FF is set to become the majority and controlling stockholder of QLGN, with an initial ownership of about 55%, which will enhance its governance and strategic capabilities [5] - The complexity of preparing consolidated financial statements for two public companies has increased, leading to a slight delay in the disclosure schedule [10]