Core Viewpoint - Faraday Future's founder, Jia Yueting, has been appointed as co-CEO, marking a new era for the company focused on business, financial, and capital goals [1][2]. Business Goals - The company aims to leverage the momentum of the FF 91 to launch three FX models by the end of 2025, targeting the U.S. blue ocean market and achieving several thousand units in sales within two years post-production [1][2]. Financial Goals - Jia Yueting intends to achieve positive gross margins and operating cash flow in a short timeframe, while establishing a robust financial management system to avoid compliance risks such as financial report delays [2][3]. Capital Goals - The company plans to initiate acquisition strategies targeting high-value AI technology firms globally to build a top-tier AI automotive ecosystem, aiming to restore the company's capital value to its true worth [2][3]. Management Structure - Jia Yueting will retain existing responsibilities while adding direct reporting lines for finance, legal, and supply chain functions, working alongside the current global CEO, Matthias Aydt [3]. Return to China - Jia Yueting expressed a strong desire to bring FF back to China, stating that achieving a market valuation of $10 billion would help resolve his debts under Chinese law [3].

Core Viewpoint - Faraday Future (FF) has appointed founder Jia Yueting as co-CEO, alongside current CEO Matthias Aydt, to restore trust and confidence in the company and to implement a "shareholder-first" strategy aimed at maximizing shareholder value [2][4][46]. Group 1: Leadership Changes - Jia Yueting has been appointed as co-CEO, taking on additional responsibilities in finance, legal, and supply chain management, while maintaining his existing roles [2][4]. - The management structure has undergone a fundamental shift, granting Jia decision-making authority over critical areas such as finance, legal, and supply chain [4][21]. Group 2: Strategic Goals - The company aims to achieve three main objectives: 1. Launch the first FX vehicle by the end of 2025 and achieve sales of tens of thousands within two years post-launch [3][27]. 2. Attain positive gross margins and operating cash flow in a short timeframe, leading to overall profitability [3][28]. 3. Enhance market confidence and initiate global AI and AIEV technology acquisitions to build a leading AI vehicle ecosystem [3][31]. Group 3: Shareholder Engagement - A new "shareholder-first" equity incentive plan has been introduced, linking Jia's compensation directly to shareholder returns [5][6]. - Jia has committed his entire promotion bonus of $1.2 million to purchase FF stock in the secondary market, locking it for at least one year [6][10]. Group 4: Company Challenges and Recovery - FF has faced significant challenges over the past four years, including a drop in stock price below $1, necessitating urgent reforms [4][19]. - The company has experienced a qualitative improvement in its operational and capital fundamentals, despite recent stock price pressures [19][21]. Group 5: Transformation Initiatives - The company plans to implement a "ten major reforms" strategy to maximize shareholder value and restore operational integrity [32][34]. - Key reforms include a cultural shift towards a "shareholder-first" philosophy, strategic focus on dual-brand operations (FF and FX), and a commitment to AI-driven product development [34][35][36]. Group 6: Market Positioning - FF aims to leverage its unique position as a local California-based electric vehicle manufacturer, contributing significantly to the U.S. economy and fostering U.S.-China automotive collaboration [41][38]. - The company is focused on establishing a robust user ecosystem and enhancing its supply chain efficiency to support rapid production and delivery of the FX model [37][43].