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Faraday Future Completes Formation of “FFAI+AIXC” Dual-Flywheel, Dual-Bridge, and Dual-Listed Company System; Its Majority Owned Crypto Company Renamed as AIxCrypto (Nasdaq: AIXC)
Globenewswire· 2025-11-20 23:21
Core Viewpoint - Faraday Future Intelligent Electric Inc. has announced the name and ticker change of its majority-owned company, Qualigen Therapeutics Inc., to AIxCrypto Holdings Inc., marking a strategic advancement in its dual-flywheel framework aimed at bridging Web2 and Web3 [1][3][7] Group 1: Strategic Developments - The transition to AIxCrypto Holdings Inc. supports the ongoing development of EAI + Crypto initiatives [1][3] - FFAI aims to advance its EAI ecosystem while achieving key product milestones, including the first FX Super One pre-production vehicle by year-end and its first delivery in the UAE on November 27 [3][12] Group 2: Potential Benefits of AIxC - AIxC could provide FFAI with benefits in five key areas: financing, asset contribution, technology and business empowerment, user development, and valuation positioning [8][9] - Stock tokenization may offer FFAI a more efficient and sustainable financing pathway compared to traditional capital channels [9] - Potential investment returns from AIxC could enhance FFAI's asset base and create ongoing cash flow [10] Group 3: Technological Integration - The collaboration between FFAI and AIxC aims to advance on-chain registration and verification of EAI EV assets and develop integrated EAI + real-world asset products [10][12] - AIxC plans to explore the tokenization of up to $5 million of FFAI's Class A common stock as part of its roadmap [6][12] Group 4: Innovation and Future Vision - The investment in AIxC is a strategic step for FFAI to scale new business initiatives within its EAI mobility ecosystem [12] - FFAI is expanding its technology portfolio, including a utility patent application for a blockchain-based mobility system to enhance car-sharing and rental functionalities [13]
Faraday Future Appoints Chris Nixon Cox as Global Strategic Advisor to Accelerate Global Expansion of “EAI + Crypto” Strategy
Globenewswire· 2025-11-03 02:24
Core Insights - Faraday Future has appointed Chris Nixon Cox as a global strategic advisor to enhance investor relations, government affairs, and industrial partnerships, supporting the company's "EAI + Crypto" strategy [1][3][11] Company Overview - Faraday Future is a California-based company focused on creating a shared intelligent electric mobility ecosystem, aiming to disrupt the automotive industry with a user-centric and technology-first approach [5] - The company's flagship model, the FF91, represents its vision for luxury and innovation, while the FX strategy targets mass production models at a broader market with middle-to-low price range offerings [5] Strategic Initiatives - Mr. Cox will facilitate introductions to potential global strategic investors and enhance government engagement and policy communications [2][3] - His role is critical for accelerating the international deployment of Faraday Future's dual strategy, which combines electric automotive innovation with cryptocurrency [3][11] Leadership Background - Chris Nixon Cox has extensive experience in both public and private sectors, serving on the Board of the Richard Nixon Foundation and as CEO of Lightswitch Capital, focusing on biotechnology investments [4] - His previous roles include advising private equity clients on mergers and acquisitions and serving as Executive Director for Senator John McCain's 2008 Presidential campaign [4]
Faraday Future Founder and Co-CEO YT Jia Shares Weekly Investor Update: FF Appoints Chris Nixon Cox as Global Strategic Advisor to Accelerate Global Expansion of “EAI + Crypto” Strategy
Globenewswire· 2025-11-03 00:30
Core Insights - Faraday Future has signed a Strategic Advisory Agreement with Chris Nixon Cox to enhance its "EAI + Crypto" strategy, aiming for global expansion [2] - Vanguard's Q3 13G filing indicates it holds approximately 7.1 million shares of FFAI, reflecting a 36% increase from Q2 [3][14] - The company has secured non-refundable deposits and non-binding preorders for over 200 units of the FX Super One from three B2B partners, exceeding initial targets [4][14] Business Developments - The integration of software and hardware upgrades for the EAI F.A.C.E. production version is currently in progress, promising an enhanced user experience [5] - The company is preparing for its quarterly financial report and earnings call, with expectations to file on schedule [6] - Faraday Future participated in the ThinkEquity Conference, engaging with over 30 investors and gaining significant attention from the capital market [7] Strategic Collaborations - Soccer superstar Andrés Iniesta has become the first global owner of the FX Super One and Developer Co-Creation Officer, indicating strong brand recognition [8] - The Middle East subsidiary has received its first FX Super One deposit paid with cryptocurrency, showcasing the synergy between Web2 and Web3 ecosystems [9] Product Launch and Market Strategy - The FX 4 rear design rendering was not presented at the October 28 launch due to strategic planning, with plans to reveal it during the Los Angeles Auto Show in November [10]
Faraday Future Launches FX Super One MPV in the UAE, with the AIHEREV Max edition priced at 309,000 AED; Soccer Legend Andrés Iniesta Named First Super One Owner and Co-Creation Officer
Globenewswire· 2025-10-28 18:00
Core Insights - Faraday Future has launched the FX Super One MPV in the UAE, with the AIHEREV Max edition priced at 309,000 AED, marking a significant entry into the Middle Eastern market [2][5][37] - Soccer legend Andrés Iniesta has been named the first global owner of the FX Super One and will serve as a Co-Creation Officer for the company [2][6][37] - The FX Super One introduces a dual-payment model allowing customers to purchase vehicles using both local currency and cryptocurrencies, pioneering a new payment experience in the region [3][28][29] Product Details - The FX Super One will be available in two powertrain options: AIHER and later a battery electric variant (AIEV), with four editions: GOAT, Max, Pro, and Standard [5][9] - The AIHEREV Max edition features a 1.5T engine combined with dual electric motors, achieving 0-100 km/h in 5.7 seconds and a WLTC combined range of 963 km [12] - The vehicle is the longest in its class in the Middle East, measuring 5,410 mm in length, and offers standard all-wheel drive across the lineup [14][15] Strategic Partnerships and Expansion - Faraday Future has signed a strategic cooperation agreement with RAK Innovation City to develop a regional new energy mobility ecosystem [9][27] - The company plans to expand its operations facility in Ras Al Khaimah and establish an EAI R&D Center in the UAE to enhance local production capacity [26][27] - Initial deliveries of the FX Super One are expected to begin in November, with RAK Motors as the strategic partner for localized sales and after-sales services [25][9] Warranty and Customer Support - The FX Super One comes with a comprehensive warranty: a 6-year/200,000-km new-vehicle warranty, an 8-year/200,000-km battery and drive system warranty, and 6 years of 24/7 roadside assistance [9][24]
Faraday Future Reports Financial Results for Second Quarter 2025
Globenewswire· 2025-08-18 20:50
Core Viewpoint - Faraday Future Intelligent Electric Inc. reported significant operational and financial progress in Q2 2025, highlighted by the launch of its FX Super One vehicle and advancements in its AI-driven mobility strategy [1][2][8] Financial Performance - The adjusted operating loss for Q2 2025 was approximately $27.4 million, with a monthly average of $9 million [13] - The net loss from operations was $48.1 million, slightly improved from $50.6 million in Q2 2024 [14] - The quarter-end cash position reached an 18-month high, with financing cash inflow of $55.1 million, marking a 106% increase from the same period in the prior year [14] Operational Developments - The company completed production and delivery of the FF91 P20 model and moved the FX Super One into trial production at the Hanford factory [3][4] - Non-binding reservations for the FX Super One exceeded 10,000 units by July 31, 2025, indicating strong demand [2][13] - The company plans to invest approximately $100 million into U.S. operations over the next 9-12 months, focusing on R&D and infrastructure [4] Strategic Initiatives - Faraday Future unveiled its "EAI + Crypto" Dual-Flywheel & Dual-Bridge Ecosystem Strategy, which includes the new C10 Treasury product aimed at integrating traditional operations with digital platforms [9][11] - The company was added to the Russell 3000 Index, enhancing its visibility among institutional investors [5][13] - The return of founder YT Jia as Co-CEO is expected to strengthen operational and capital fundamentals [7] Market Recognition - Mariah Carey featured the FF 91 2.0 and FFZERO1 in her music video, further promoting the brand [2][13] - The company received positive feedback from California State Treasurer Fiona Ma during the launch event for its new ecosystem strategy [9] Future Outlook - For the second half of 2025, the company aims to maintain financial discipline and drive technological innovation, with expectations to meet production targets for the FX Super One [10][11]