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Faraday Future Founder and Co-CEO YT Jia Shares Weekly Investor Update: FX Officially Enters the Florida Market with the Signing of Golden Hills Investment LLC who Made a Deposit Agreement for 2,000 FX Super One MPVs
Globenewswireยท 2025-12-15 00:30
Core Insights - Faraday Future has successfully entered the Florida market by signing a deposit agreement with Golden Hills Investment LLC for 2,000 FX Super One MPVs, marking a significant sales breakthrough [2][15] - The company has now penetrated six out of eight key target states in its first-phase rollout, demonstrating the popularity of the Super One model [3] - The partnership with Golden Hills is expected to enhance revenue potential for both companies and improve sales conversion efficiency for the Super One in high-end vacation rental scenarios [4] Sales and Market Expansion - The deposit agreement with Golden Hills includes non-refundable deposits and non-binding pre-orders, with all deposits fully received [2] - This partnership represents a cross-industry expansion into high-end vacation rentals, following previous expansions into car rental, real estate brokerage, and peer-to-peer vehicle sharing [3] Product Development and Manufacturing - The first batch of pre-production vehicles for the FX Super One has started assembly at the FF aiFactory in Hanford, California, with a roll-off ceremony scheduled for December 21 [6][15] - The company is committed to accelerating production and has plans to preview its 2026 strategy during the ceremony [6] Financial and Strategic Initiatives - FF President Jerry Wang has received positive feedback from potential strategic investors in the Middle East, indicating increased interest in investment opportunities [7] - The company is actively engaging with U.S. government officials to advance its Global Automotive Bridge Strategy and discuss key topics such as local manufacturing and technological innovation [8][9] Future Plans - Faraday Future aims to explore more high-end consumer industries and innovative B2B2C models, which could serve as important user acquisition engines as the company scales [5]