Core Viewpoint - Faraday Future (FF) has launched a new MPV called FX Super One, which is similar in design to Great Wall's Wey Gaoshan 9, featuring a prominent "LeEco TV" screen as a key selling point [1][5][10]. Group 1: Product Features and Market Positioning - The FX Super One is marketed as a "super intelligent face interaction system" vehicle, emphasizing its advanced technology and luxury features [5][10]. - The vehicle is priced under $100,000 (approximately 710,000 RMB), making it more accessible compared to the FF91, which has only delivered 16 units at a price of $300,000 [15][31]. - The launch event targeted a niche audience of celebrities and influencers rather than traditional investors, indicating a focus on lifestyle branding [15][21]. Group 2: Production and Cost Strategy - The FX Super One is likely to be produced using a Semi Knock-Down (SKD) model, which involves shipping parts from China to the U.S. for assembly, thus reducing labor costs and tariffs [33][36]. - This production method allows FF to avoid the high tariffs imposed on fully assembled vehicles imported from China, which can exceed 200% [36][38]. Group 3: Financial Backing and Market Sentiment - Major investment firms like BlackRock and Vanguard have increased their stakes in FF, indicating confidence in the company's potential to deliver vehicles in the U.S. market [51][52]. - Despite the positive market sentiment, FF faces regulatory scrutiny from the SEC, which has issued a Wells Notice indicating potential legal issues for CEO Jia Yueting [53][55].