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Faraday Future and Faraday X Announce That the First FX Super One Pre-Production Vehicle Has Successfully Rolled Off the Line at its FF AI-Factory in California
Prnewswire· 2025-12-22 03:58
Core Viewpoint - Faraday Future has successfully rolled off its first FX Super One MPV pre-production vehicle at its Hanford, California factory, marking a significant milestone in its production capabilities and strategy for mass-market electric vehicles [1][3][7]. Production Milestone - The FX Super One is the second model produced at the FF AI-Factory, following the FF 91, and represents the first mass-market high-volume model for the company [3][10]. - The Hanford facility has seen an investment of approximately $300 million and is capable of producing over 30,000 FX vehicles annually with a flexible production line [10]. Strategic Significance - The roll-off validates the company's capabilities in localized product development, assembly processes, and testing, laying a foundation for future homologation and user experience testing [3][4]. - The FX Super One aims to disrupt the U.S. market by providing diverse options in high-end business and family mobility, addressing a long-standing lack of product diversity [5][8]. Market Engagement - Faraday Future plans to host a series of events during CES, including a nationwide co-creation sales campaign for 2026 and a preview of the FX 4 model [2][3]. - The company will also conduct an FF Stockholders Day to discuss mass production, sales, and delivery plans for the Super One [2][7]. Product Features - The FX Super One is designed as a premium mass-market MPV, featuring a spacious interior, high-end materials, and advanced technology, with options for all-wheel drive and multiple powertrain configurations [8][9]. Quality Assurance - The company emphasizes strict production processes and quality requirements to ensure high standards in vehicle production, aiming to improve efficiency and quality in subsequent production stages [9].
Faraday Future to Deliver an FX Super One to Ras Al Khaimah Innovation City on December 22, Advancing Deliveries in the Middle East
Globenewswire· 2025-12-17 01:47
Core Viewpoint - Faraday Future Intelligent Electric Inc. is set to deliver its second FX Super One MPV to Ras Al Khaimah Innovation City on December 22, 2025, following its first delivery on November 27, 2025, marking a significant step in the company's expansion in the UAE market [1][4]. Group 1: Company Operations - Faraday Future operates a regional production and operations center in Ras Al Khaimah, which supports the production of both FF and FX vehicles [3]. - The company has signed a strategic cooperation agreement with RAK Innovation City to enhance the regional new energy mobility ecosystem and plans to advance the phase II expansion of its operations facility in Ras Al Khaimah [3]. Group 2: Product Launches - The upcoming delivery of the FX Super One follows the first delivery, which was highlighted by a Co-Creation Delivery Ceremony in Dubai, where the world's first FX Super One was delivered to soccer legend Andrés Iniesta [4]. Group 3: Company Background - Founded in 2014, Faraday Future aims to disrupt the automotive industry by creating a user-centric, technology-first, and smart driving experience, with its flagship model, the FF91, representing luxury, innovation, and performance [5]. - The FX strategy focuses on introducing mass production models with advanced luxury technology at a more accessible price point, targeting a broader market [5].
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
Globenewswire· 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]
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
Globenewswire· 2025-12-15 00:30
Core Insights - Faraday Future has achieved a significant sales breakthrough by signing a deposit agreement with Golden Hills Investment LLC for 2,000 FX Super One MPVs, marking a successful entry into Florida, a key EV consumer state [2][3][10] - The company has successfully completed its annual target ahead of schedule, demonstrating the popularity of the FX Super One and expanding its Co-Creation Ecosystem into high-end vacation rentals [3][4] - The first batch of pre-production vehicles is being assembled at the FF aiFactory in California, with a roll-off ceremony scheduled for December 21, 2025 [6][10] Sales and Market Expansion - The agreement with Golden Hills includes non-refundable deposits and non-binding pre-orders, with all deposits fully received, indicating strong initial demand [2][10] - This partnership allows Golden Hills to offer seamless access to FX Super One vehicles for its guests, potentially increasing revenue from luxury vacation properties and improving sales conversion for the vehicles [4] - The company plans to explore more high-end consumer industries and innovative B2B2C models, such as "luxury drive + luxury stays" [5] Production and Delivery - The assembly of the first pre-production vehicles is underway, with the company committed to accelerating progress [6] - The upcoming roll-off ceremony is expected to be a significant milestone for the company, showcasing its production capabilities [10] Financial and Strategic Developments - Positive feedback from potential strategic investors in the Middle East indicates growing interest in investment opportunities with Faraday Future [7] - The company is advancing its Global Automotive Bridge Strategy through constructive meetings with U.S. government officials, focusing on key topics like local manufacturing and technological innovation [8][9]
Faraday Future and Faraday X Join High Ranking Political Leaders in Washington, D.C., Where FX CEO, Max Ma, Contributed to Key Discussions on FX Business, EVs, U.S. Manufacturing and Innovation
Globenewswire· 2025-12-12 03:46
Core Viewpoint - Faraday Future is actively engaging with U.S. policymakers to promote its new FX brand and support the domestic automotive manufacturing sector, particularly in the electric vehicle (EV) space [1][3][8] Group 1: Company Initiatives - The company has commenced assembly of the FX Super One MPV pre-production vehicles at its Hanford, CA facility, with a ceremony planned for December 21 [3][6] - Faraday Future's Global Automotive Industry Bridge Strategy aims to facilitate localized assembly of vehicle components in the U.S., aligning with national interests [5][7] - The FX brand will initially source components internationally but plans to gradually shift to U.S.-based suppliers to enhance the domestic NEV ecosystem [7] Group 2: Engagement with Policymakers - Executives from Faraday Future participated in meetings with members of Congress to discuss key topics such as EV sales, tariffs, and U.S. manufacturing [1][8] - The company emphasizes the importance of innovation in advancing the automotive industry and aims to establish a clear pathway for the development of the FF and FX brands in the U.S. market [8] Group 3: Manufacturing and Production - Faraday Future is proud to manufacture 100% of its vehicles in the U.S., including the FF 91 2.0 model [6] - The company is focused on restoring advanced manufacturing capabilities in America and safeguarding consumer data while enhancing competitiveness in the global auto industry [7]
Faraday Future Announces That the First Full Batch of Components for its FX Super One MPV Completed Customs Clearance and will be Delivered to the Company’s Hanford, CA Factory in Anticipation of the First Pre-Production Vehicle Off the Line in December
Globenewswire· 2025-12-04 03:15
Core Insights - Faraday Future has successfully received the first batch of knockdown parts for the FX Super One MPV, marking a significant milestone towards production readiness and delivery [1][3][6] - The arrival of these components follows a successful trial production phase, which focused on planning and verifying production processes and quality standards [3][6] - The company is also advancing its Global Automotive Industry Bridge Strategy, which encompasses supply chain sourcing, testing, and production readiness [3][5] Production and Delivery Milestones - The knockdown parts will be used to assemble pre-production FX Super One vehicles for testing and marketing activities in the U.S. [3] - The first international delivery of the FX Super One occurred on November 27, 2025, to soccer legend Andrés Iniesta in the UAE, indicating the start of product deliveries in that region [5] - The Hanford manufacturing facility is preparing for flexible production, with the potential to produce over 30,000 FX vehicles annually [8] Vehicle Features and Technology - The FX Super One is designed as an affordable mass-market MPV, featuring a spacious interior, advanced technology, and multiple powertrain options, including battery electric and AI hybrid extended range configurations [9][10] - The vehicle will incorporate the FF Super EAI F.A.C.E. system and the FF EAI Embodied Intelligence AI Agent 6x4 Architecture, representing a significant technological advancement in the automotive sector [10] Company Overview - Faraday Future aims to disrupt the automotive industry by creating a user-centric, technology-first driving experience, with a focus on luxury and innovation [12] - The company has invested approximately $300 million in its 1.1 million-square-foot manufacturing facility in Hanford, California, which is central to its production strategy [8]
Faraday Future Engages Global Entrepreneur, Investor and Government Relationship Architect, Shahryar Oveissi, as a Global Strategic Advisor
Globenewswire· 2025-11-06 23:05
Core Insights - Faraday Future has engaged Shahryar Oveissi as a global strategic advisor to enhance institutional investor engagement, government affairs, and Middle East expansion plans [1][6][8] Group 1: Strategic Engagement - Mr. Oveissi will lead FF's government affairs and strategic engagement in the Middle East, aiming to strengthen relationships with key public figures and institutional stakeholders [2][8] - He will coordinate strategic visits and engagement tours for government and industry stakeholders in the Middle East to foster collaboration [2][8] Group 2: Advisor Background - Shahryar Oveissi is a seasoned entrepreneur and private equity investor with over 25 years of global experience, focusing on sectors such as renewable energy, hospitality, and cryptocurrency/blockchain [5][8] - He has a proven track record in securing favorable policy outcomes and will play a crucial role in promoting the company's initiatives [4][8] Group 3: Company Developments - The engagement of Mr. Oveissi comes as Faraday Future prepares for the first deliveries of the FX Super One MPV in the Middle East, expected to begin in November, with U.S. deliveries targeted by year-end [8]
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 Announces its Official Seven-Day Countdown and Livestream Details for its FX Super One MPV Middle East Launch Event, to be Held in Dubai, UAE, on October 28, 2025
Globenewswire· 2025-10-21 23:23
Core Insights - Faraday Future is set to launch its FX Super One MPV in the UAE on October 28, 2025, marking a significant step in the company's "Three-Pole" strategy aimed at expanding its market presence outside the U.S. [1][2] - The FX Super One is positioned as an affordable multi-purpose vehicle (MPV), with the first deliveries scheduled for November 2025 [3][4]. Company Overview - Faraday Future is a California-based company founded in 2014, focused on creating a user-centric, technology-first electric mobility ecosystem [4]. - The company's flagship model, the FF91, represents its vision for luxury and innovation, while the FX strategy aims to introduce mass production models at a more accessible price point [4]. Event Details - The launch event, titled "Super One, Palace of Intelligence," will take place at the Armani Hotel in Dubai and will feature industry leaders, media, and stakeholders [2][9]. - The event will be livestreamed on the company's website, with options available in English and Chinese [2][7]. Product Highlights - The FX Super One is designed to integrate advanced intelligent mobility features, emphasizing luxury and performance [2][9]. - Attendees will experience a product presentation, a VIP reception, and a keynote address from company leadership [9].
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
Investment Announcement - Faraday Future announced a strategic investment of approximately $41 million in Qualigen Therapeutics, Inc. (NASDAQ: QLGN) during its annual 919 event, focusing on its crypto business and three growth engines [1][4][21] - The investment will be led by Faraday Future, with founder YT Jia contributing approximately $4 million through an FFGP loan, which includes a two-year lockup on his shares [6][9][10] Growth Strategy - Qualigen Therapeutics is expected to rebrand as CXC10, targeting to become a leading U.S. public company that bridges Web2 and Web3, as well as AI and crypto [11][21] - The three growth engines include: 1. C10, the value anchor, which encompasses the C10 Treasury, C10 Index, and a potential C10 ETF 2. BesTrade DeAI Agent, an AI-driven product to assist users in trading 3. Ecosystem tokens, which include a stablecoin and a dual-bridge product [12][13][21] Financial Performance - As of September 18, the C10 Treasury had completed about $10 million in crypto asset allocations, delivering an unrealized gain of around 7%, outperforming the C10 index [14][21] Product Development - Faraday Future unveiled its ultra-wide dual-screen panoramic display for the FX Super One MPV at the 919 event, designed to enhance both driving and entertainment experiences [3][21] - The FX Super One is on track for its first vehicle to roll off the line by year-end in the U.S., with the Middle East launch expected by the end of October [16][21]