Faraday Future Takes Action in Response to Recent Suspected Illegal Market Manipulation by Hua Qixin and Continues to Collect Evidence

Core Viewpoint - Faraday Future is taking legal action in response to suspected illegal market manipulation by an individual named Hua Qixin, which has allegedly harmed the company's reputation and stock performance [1] Group 1: Legal Actions and Investigations - The company is reviewing evidence related to suspected illegal market manipulation and has engaged global law firm Paul Hastings LLP to evaluate its legal options [1] - Demand letters have been issued to multiple platforms requesting the preservation of evidence and cooperation with legal investigations, with one major platform responding by removing alleged false information [1] - Faraday Future is actively collecting evidence and conducting further investigations to prepare for potential litigation [1] Group 2: Company Background and Developments - Faraday Future is a California-based global Embodied AI ecosystem company founded in 2014, focusing on vehicle electrification and intelligent technologies [1] - The company's flagship vehicle, the FF 91, began deliveries in 2023, showcasing ultra-luxury and cutting-edge technology [1] - Faraday Future has recently entered the Embodied AI Robotics business, with sales and deliveries of its robots starting in February 2026 [1]