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Faraday Future Founder and Co-CEO YT Jia Shares Weekly Investor Update: FX Finalizes U.S. Production Assembly Plan
Globenewswire· 2025-10-06 00:00
Core Insights - The Trump administration is considering significant tariff reductions for major automobile producers in the U.S. if they produce or assemble their cars domestically, which could benefit the U.S. advanced manufacturing and automotive industries [2][3] - Faraday Future (FF) has finalized the U.S. production assembly plan for the FX Super One, with component supply set to commence, aiming for the first U.S.-version rollout by year-end [4][15] - FF successfully closed a strategic investment of $30 million in Nasdaq-listed QLGN, reflecting a nearly 140% unrealized gain based on the closing price at the time of the transaction [9][15] Production and Development - The finalized production assembly plan for FX Super One is expected to significantly impact vehicle delivery costs and operational efficiency throughout the product lifecycle [4] - The component supply system has reached initial completion, marking a critical phase in executing the Bridge Strategy [5] - Ongoing testing and validation for the FX Super One are taking place in both the U.S. and UAE, with a launch set for October 28 and deliveries starting in November [6] Market Engagement - FF showcased the FF 91 and FX Super One at WETEX 2025 in the Middle East, receiving positive feedback and interest from UAE and Dubai royal families and senior government officials [7] - The participation in WETEX 2025 is seen as a strategic step forward in establishing a presence in the Middle East market [7] Leadership and Strategy - Three new leaders have joined FF, enhancing expertise in legal affairs, capital markets communication, and financial management [8] - The company is focused on its Dual Flywheel & Dual Bridge Eco-Strategy, which aims to integrate financial and mobility ecosystems [10] Safety and Future Plans - A fire incident at one of FF's satellite office buildings highlighted the need for improved safety measures, prompting the company to enhance its fire prevention efforts [11] - Looking ahead, FF will continue to prioritize the U.S. production readiness of FX Super One and preparations for UAE deliveries [12]
Faraday Future Founder and Co-CEO YT Jia Shares Weekly Investor Update: FX Finalizes U.S. Production Assembly Plan
Globenewswire· 2025-10-06 00:00
Core Insights - The Trump administration is considering significant tariff reductions for major automobile producers in the U.S. if they produce or assemble their cars domestically, which could benefit the U.S. advanced manufacturing and automotive industries [2][3] - For Faraday Future (FF), this potential policy change could enhance pricing flexibility and profitability for the FX Super One and bolster confidence in the U.S. automotive industry, positively impacting capital market perceptions [3] - FF has finalized the U.S. production assembly plan for the FX Super One, with component supply set to commence, aiming for the first U.S.-version rollout by year-end [4][9] - The FX Super One is undergoing testing and validation in both the U.S. and UAE, with a launch in the UAE scheduled for October 28 and deliveries starting in November [6] - FF showcased the FF 91 and FX Super One at WETEX 2025 in the Middle East, receiving positive feedback and interest from UAE royal families and government officials, marking progress in the company's strategic initiatives in the region [7] - FF successfully closed a strategic investment of $30 million in Nasdaq-listed QLGN, reflecting a nearly 140% unrealized gain based on the closing price at the time of the transaction [9][11] - The company has recently strengthened its leadership team with new appointments in legal affairs, capital markets communication, and financial management [10] Production and Development - The finalized U.S. production assembly plan for the FX Super One is a critical milestone that will impact vehicle delivery costs and operational efficiency [4][9] - The component supply system for the FX Super One has reached initial completion, indicating progress in the execution of the Bridge Strategy [5] - Ongoing testing and validation of the FX Super One in the U.S. and UAE are crucial for ensuring readiness for the upcoming launches [6] Strategic Investments and Market Position - The investment in QLGN is part of FF's broader strategy to engage in the cryptocurrency and Web3 sectors, with plans for rebranding and launching new products under the CXC10 name [11] - The company's Dual Flywheel & Dual Bridge Eco-Strategy aims to integrate financial and mobility ecosystems, potentially unlocking greater value creation [12] Safety and Future Plans - A recent fire incident at one of FF's satellite office buildings highlighted the need for improved safety measures, prompting the company to enhance its fire prevention efforts [13] - Looking ahead, FF will focus on the production readiness of the FX Super One in the U.S. and preparations for deliveries in the UAE [14]
Faraday Future Exhibits at WETEX 2025 and Announces FX Super One Final Launch in Dubai on October 28, Accelerating Smart Green Mobility with the Middle East Third Pole Strategy
Globenewswire· 2025-10-02 21:42
Core Viewpoint - Faraday Future is actively participating in WETEX 2025 to explore cooperation opportunities aligned with the UAE's Net Zero 2050 Strategy and Clean Energy 2050 Strategy, aiming to promote smart, green, and sustainable mobility in the Middle East [1][7]. Group 1: Event Participation and Announcements - Faraday Future showcased its latest achievements in the EAI EV field and its vision for the Middle East Third Pole Strategy at WETEX 2025 [2]. - The company announced the final launch of the FX Super One in Dubai on October 28, with deliveries expected to begin in November, marking a significant milestone in its Middle East operations [5]. - The FF 91 and FX Super One were displayed at the event, receiving positive feedback from UAE royal family members and government officials [3][4]. Group 2: Strategic Importance and Future Plans - The Middle East is identified as a key support point for Faraday Future's international expansion, with plans to use the region as a hub to cover the Gulf Cooperation Council (GCC) countries and potential future expansion into Europe and North Africa [5]. - The company is intensively preparing for the FX Super One product launch, focusing on software upgrades and third-party ecosystem validation [6]. - Faraday Future aims to meet the demand for smart green mobility in the Middle East while strengthening cooperation with regional government institutions and enterprises [7]. Group 3: Leadership and Vision - Tin Mok, Head of FF UAE, emphasized that WETEX 2025 serves as a platform for establishing direct contacts with government decision-makers, business leaders, and investors [7]. - The company's mission is to disrupt the automotive industry by creating a user-centric, technology-first, and smart driving experience, with the FF91 exemplifying its vision for luxury and innovation [10].
得力官方就辞退跛脚员工致歉;罗永浩称我不是替小米说公道话;阿里拟以70亿港元洽购香港办公大楼;宇树回应机器人安全漏洞丨邦早报
创业邦· 2025-10-01 01:09
完整早报音频,请点击标题下方小耳机收听 【得力官方就辞退跛脚员工致歉】 得力集团公告称,网络上出现关于 "因跛脚入职当天被辞退"的相 关内容,引发了广泛关注。得力集团深表愧疚,在此郑重向该事件员工致以诚挚歉意。得力表示,事 件发生后,公司第一时间成立专项小组进行全面调查。经核实,该员工反映的情况基本属实。集团执 行总裁已第一时间向当事人致以最诚恳的道歉,指定总裁办主任直接与当事人沟通,并于 9 月 30 日 上午飞往当事人所在地,期望代表公司当面致歉,真诚沟通,倾听诉求,以务实的态度获得当事人的 谅解。得力表示,为彻底纠正问题、改良文化,我们将立即采取以下整改措施:依规依纪问责涉事人 员;全面复盘人力资源管理全流程,清除任何可能存在的歧视性、隐性标准;强化全员反歧视培训, 重申公司核心价值观,完善管理制度,确保文化理念有效落地。(北京日报) 上下滑动可查看长图 【孟晚舟当值华为轮值董事长】 9 月 30 日,华为官网显示,根据公司轮值董事长制度, 2025 年 10 月 1 日~ 2026 年 3 月 31 日期间由孟晚舟女士当值轮值董事长,主持公司董事会及董事会常务 委员会。(第一财经) 【小米汽车: "超 ...
Faraday Future Issues a Statement on a Recent Fire Incident at Its Satellite Office Building
Globenewswire· 2025-10-01 00:48
LOS ANGELES, Sept. 30, 2025 (GLOBE NEWSWIRE) -- Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) (“Faraday Future”, “FF” or “Company”), a California-based global shared intelligent electric mobility ecosystem company, today issued a statement on a recent fire incident that occurred at a Faraday Future satellite office building. “On Sunday, September 28, a fire occurred in one of the buildings that is part of FF’s U.S. headquarters in Los Angeles. The Company attaches great importance to this matter a ...
Univest Securities, LLC Announces Closing of $41 Million Strategic Investment in Client Qualigen Therapeutics (NASDAQ: QLGN) from Client Faraday Future (NASDAQ: FFAI)
Globenewswire· 2025-09-30 20:00
New York, Sept. 30, 2025 (GLOBE NEWSWIRE) -- Univest Securities, LLC (“Univest”), a member of FINRA and SIPC, and a full-service investment bank and securities broker-dealer firm based in New York, today announced the closing of $41 million strategic investment in its client Qualigen Therapeutics, Inc. (NASDAQ: QLGN) (“Qualigen Therapertics”), a clinical-stage therapeutics company focused on developing treatments for adult and pediatric cancer, from its client Faraday Future Intelligent Electric Inc. (NASDA ...
Faraday Future Announces Closing of Strategic $41 Million Investment in Qualigen Therapeutics (NASDAQ: QLGN) to Accelerate its Dual-Flywheel & Dual-Bridge Eco Strategy
Globenewswire· 2025-09-30 10:00
QLGN is expected to rebrand as CXC10 soon, reflecting its new strategic direction around crypto and web3 business. LOS ANGELES, Sept. 30, 2025 (GLOBE NEWSWIRE) -- Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) (“Faraday Future”, “FF” or “Company”), a California-based global shared intelligent electric mobility ecosystem company, today announced the successful closing of its announced strategic investment in Qualigen Therapeutics, Inc. (NASDAQ: QLGN), a public company establishing new crypto and Web ...
Faraday Future Founder and Co-CEO YT Jia Shares Weekly Investor Update: FX 4 Product Execution Plan Announced, will be the First Potential Model Under the FX Brand Designed for the Volume Market
Globenewswire· 2025-09-29 01:32
Core Insights - Faraday Future announced the product plan for its second model, the FX 4, which is designed for the volume market, particularly targeting the under $40,000 segment [2][5] - The FX 4 aims to disrupt the traditional SUV market by offering a compact 5-seat SUV with both battery electric and AIHER versions, catering to a wide range of consumer needs [5][7] - The company is preparing for the FX Super One Middle East Final Launch event on October 28, with first deliveries planned for November [2][12] Product Development - The FX 4 is positioned to fill a significant gap in the U.S. auto market, where New Energy Vehicle penetration is only 8%, compared to nearly 50% in China [7] - The FX 4 is expected to enhance the U.S. AIEV industry transformation through its competitive price-experience ratio, leveraging China's supply chain advantages [7][8] - Upcoming activities include the announcement of the FX 4's design rendering on October 28 and its first unveiling at the LA Auto Show in November [9] Market Strategy - The FX 4 is designed to be a mass-market product, targeting a broad consumer base and aiming to reshape purchasing choices in the U.S. [5][8] - The company believes that its Co-Creation Ecosystem Online Direct Sales model will drive momentum for the FX 4, aligning with its Blue Ocean + Blockbuster Product strategy [6] - The FX 4 is seen as a key product to capture the blue-ocean market segment under $40,000, following the success of the FX Super One [8][9] Partnerships and Collaborations - Faraday Future is collaborating with Pinnacle, a major real estate company, to deepen its "Luxury Car + Luxury Home" model [10] - The company will participate in WETEX 2025 in Dubai, showcasing its products to influential figures in the sustainable energy sector [4][12] Financial Outlook - The company announced a $30 million investment in QLGN, with expectations of over 100% unrealized gain based on market response [11]
Faraday Future Founder and Co-CEO YT Jia Shares Weekly Investor Update: FX 4 Product Execution Plan Announced, will be the First Potential Model Under the FX Brand Designed for the Volume Market
Globenewswire· 2025-09-29 01:32
Core Viewpoint - Faraday Future Intelligent Electric Inc. is progressing towards the launch of its FX 4 model, targeting the under $40,000 market segment in the U.S. with a focus on user-centric design and advanced technology [2][5][8]. Group 1: Product Launch and Strategy - The FX Super One Middle East Final Launch event is scheduled for October 28, with first deliveries planned for November [2][10]. - The FX 4 is designed as a compact 5-seat SUV, available in both battery electric and AIHER versions, aiming to disrupt the traditional SUV market [5][8]. - The FX 4 targets a significant market opportunity in the U.S., where New Energy Vehicle penetration is only 8%, compared to nearly 50% in China [7][8]. Group 2: Market Positioning and Value Proposition - The FX 4 aims to fill a structural void in the U.S. auto market, particularly in the $20,000 to $40,000 range, where competitive AIEV products are scarce [7]. - The vehicle is positioned to accelerate the transformation of the U.S. AIEV industry through its extreme price-experience ratio, leveraging China's supply chain advantages [7][8]. - The FX 4 is expected to create a "Spire + Base" synergy between Faraday Future and FX, enhancing their market presence [8]. Group 3: Upcoming Events and Collaborations - Faraday Future will participate in WETEX 2025 in Dubai from September 30 to October 2, showcasing the FF 91 and FX Super One [4][10]. - The first unveiling of the FX 4's product strategy is planned for the LA Auto Show in November, along with test drive experiences for the entire vehicle lineup [11]. - A co-creation ceremony titled "Drive Home Together" is scheduled for October 8, focusing on collaboration with Pinnacle, a major real estate company [12]. Group 4: Financial and Investment Updates - Faraday Future announced a $30 million investment in QLGN, with a potential unrealized gain exceeding 100% based on market response [13].
Faraday Future Announced a Total Strategic Investment of $41 million in Qualigen Therapeutics, Inc. (NASDAQ: QLGN) During its Annual 919 Event, for its Crypto Business Focusing on Three Growth Engines
Globenewswire· 2025-09-22 00:00
Core Viewpoint - Faraday Future Intelligent Electric Inc. is strategically investing approximately $30 million in Qualigen Therapeutics, Inc. to initiate a crypto and web3-related business, aiming to enhance its dual-flywheel and dual-bridge eco strategy to maximize shareholder value [1][2][8] Investment Details - The total investment in Qualigen Therapeutics will be around $41 million, with Faraday Future contributing about $30 million for approximately 55% of QLGN's common stock on a pro forma basis [2][3] - YT Jia, Founder & Global Co-CEO, will invest $4 million and receive about 7% of QLGN's common stock, with a two-year lockup on his shares [3][4] Management and Governance - Faraday Future plans to assign management teams to oversee relevant business activities, with YT Jia serving as chief advisor to QLGN and Jerry Wang expected to be appointed as Co-CEO [4] - Following the investment, Faraday Future will have the right to nominate two of five directors on QLGN's board, which could increase to four of seven if stockholder approval is obtained [4] Rebranding and Product Focus - Qualigen Therapeutics is expected to rebrand as CXC10, focusing on three growth engines in the crypto ecosystem, including the C10 Treasury, BesTrade DeAI Agent, and ecosystem tokens [5][6][7] - The C10 Treasury has shown an unrealized gain of around 7%, outperforming the C10 index, with a 20% actively managed allocation yielding positive results [9] Product Innovations - The FX Super One MPV was showcased at the annual 919 event, featuring an ultra-wide dual-screen panoramic display and advanced EAI OS for enhanced user interaction [10][12][13] - The EAI Space in the FX Super One is designed to provide a personalized and immersive experience, integrating hardware, software, and applications for seamless user engagement [15][16][17] Future Outlook - Faraday Future aims to bridge Web2 and Web3, as well as AI and crypto, positioning itself as a leading U.S. public company in the evolving digital landscape [6][9]