Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE)
(“Faraday Future”, “FF” or “Company”), a California-based global
shared intelligent electric mobility ecosystem company, today
announced that it has received over 300 nonbinding no-deposit
reservations for the FF 91 2.0 Futurist aiFalcon limited edition.
These non-binding reservations were received within 72 hours
following the FF Middle East Strategy Launch Press Conference at
Abu Dhabi.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20231127574819/en/
Faraday Future Receives Over 300
No-Deposit Reservations for FF 91 2.0 aiFalcon within 72 hours
Following the Success of its Middle East Strategy Press Conference
and the Yas Marina Circuit Showcase at the Abu Dhabi Formula 1
Grand Prix (Photo: Business Wire)
FF believes these nonbinding reservations highlight the strong
attraction of the FF brand and product. Looking ahead, FF plans to
introduce the FF 91 2.0 Futurist aiFalcon Limited Edition to the
Middle East market as early as 2024. The Company aims to solicit
deposits from these nonbinding reservations following the
acquisition of necessary local regulatory sales licenses and other
applicable regulatory compliance.
Matthias Aydt, Global CEO of FF, stated, "We are extremely
excited and grateful for the enthusiastic response in the Middle
East. As the flagship model of our Company, the unique design and
innovative performance of FF 91 2.0 Futurist aiFalcon will bring a
completely new mobility experience to users in the Middle East. We
will continue our efforts to ensure outstanding products and
services for our users."
Furthermore, starting on November 24, the FF 91 2.0 Futurist
Alliance made a stunning appearance at the Abu Dhabi Yas Marina
Circuit, one of the world's most advanced circuits, during the Abu
Dhabi Formula 1 Grand Prix week. This garnered significant
attention, with numerous global users gaining firsthand experiences
inside the car. Notably, several users from the United States made
on-site fully refundable pre-order deposits for the FF 91 2.0
Futurist Alliance, reflecting enthusiastic support for this
groundbreaking product.
FF recently announced a strategic cooperation agreement with
Master Investment Group and Siraj Holding LLC. Sheikh Abdullah bin
Mohamed Al Qassimi and Ahmed Khalaf Al Otaiba will join FF’s Global
Advisory Committee and serve as directors of an FF Middle East
subsidiary. The Company expects that they will play a key role in
supporting FF's business expansion, sales and marketing, strategic
financing, and partnership relationships in the Middle East.
FF remains dedicated to advancing electric vehicle technology to
meet the evolving needs and preferences of users worldwide, driven
by a pursuit of intelligent and AI-driven mobility.
(English): https://www.ff.com/us/preorder/ or (Chinese):
https://www.ff.com/cn/preorder/
Those residing in the Middle East can submit nonbinding
no-deposit reservation for an FF 91 2.0 Futurist aiFalcon vehicle
via the Company’s UAE website:
https://www.ff.com/ar/en/reservation/
ABOUT FARADAY FUTURE
Faraday Future is the pioneer of the Ultimate AI TechLuxury
ultra spire market in the intelligent EV era, and the disruptor of
the traditional ultra-luxury car civilization epitomized by Ferrari
and Maybach. FF is not just an EV company, but also a
software-driven intelligent internet company. Ultimately FF aims to
become a User Company by offering a shared intelligent mobility
ecosystem.
FF 91 - The First of its Kind
The “All-Ability aiHypercar” FF 91 2.0 is a newly evolved
silicon-based species, which features incredible vehicle
configurations, unparalleled luxury features and exhilarating
performance. Possessing three motors with 1050hp; 1977Nm of
electric motor output torque, and the largest in the class battery
pack energy: 142kwh; it has an EPA (U.S.) certified range of 381
miles, the farthest in class.
From the beginning, the FF 91 2.0 was developed to be an All-AI,
All-Hyper, All-Ability vehicle. FF accomplished this through its
6x4 Architecture. The architecture has 4 Technology systems,
supported by, and integrated with 6 Technology platforms. Together
in FF 91 2.0, these systems and platforms deliver the ultimate
experience to FF’s users. The 4 technology systems that are the
foundation of the FF 91 2.0 are comprised of the Magic-All-In-One,
Hyper Multi-Vectoring, 3rd AiSpace/FF aiPal, and AiDriving. In
addition, these 4 systems are supported by FF’s 6 Technology
Platforms which include, FF Open App for open application
development, FF aiOS for User Interface Systems, FF aiHW 2.0 is
FF’s second-generation computing platforms, FF Mechanical are the
structural, EV, and safety systems, FF Cloud is for computing and
Storage and FF AI is for Language and other AI systems.
In terms of safety, the FF 91 2.0 has a “moat body structure” +
“moat pack structure”, creating a side impact crumple zone. The
"moat structures" are integrated with the aluminum body, providing
the largest-in-class battery crumple zone. The “moat design” is
intended to balance optimal occupant protection and high voltage
battery protection as well as providing optimal packaging space for
the vehicle design.
The FF 91 2.0 vehicle successfully passed the U.S. Federal Motor
Vehicle Safety Standard (FMVSS) crash test requirements. FF has
performed the highest severity crash tests and has passed all of
these tests successfully, including front, side and rear crash
tests.
FF 91 2.0 also boasts the longest interior space among
ultra-luxury vehicles with a similar wheelbase + Zero-Gravity seat
with the industry's largest recline angle of 60 degrees, bringing
the comfort level of first class to land. With an acceleration time
of just 2.27 seconds for 0-60 mph (96 km/h), the FF 91 2.0 takes
the top spot in terms of acceleration-to-weight ratio of 0.78,
surpassing traditional and electric vehicle competitors alike. This
performance capability has been proven, including the FF 91 2.0
setting lap time class records at two American racetracks, Button
Willow Raceway and Willow Springs International Raceway.
As with everything at FF, the platforms are continuously being
upgraded and improved. Future development plans include integration
of third-party developed plug-ins via the open platform, and to
utilize the vehicle as part of a generative AI database. FF is also
actively working on enhanced performance packages, and AI Racing
technology for improved track experiences. These systems will
continuously improve via internal strategies and with our
Co-Creation partners.
FOLLOW FARADAY FUTURE
https://www.ff.com/
https://www.ff.com/us/mobile-app/
https://twitter.com/FaradayFuture
https://www.facebook.com/faradayfuture/
https://www.instagram.com/faradayfuture/
www.linkedin.com/company/faradayfuture/
FORWARD LOOKING STATEMENTS
This press release includes “forward-looking statements” within
the meaning of the safe harbor provisions of the United States
Private Securities Litigation Reform Act of 1995. When used in this
press release the words “estimates,” “projected,” “expects,”
“anticipates,” “forecasts,” “plans,” “intends,” “believes,”
“seeks,” “may,” “will,” “should,” “future,” “propose” and
variations of these words or similar expressions (or the negative
versions of such words or expressions) are intended to identify
forward-looking statements. These forward-looking statements
involve a number of known and unknown risks, uncertainties,
assumptions and other important factors, many of which are outside
the Company’s control, that could cause actual results or outcomes
to differ materially from those discussed in the forward-looking
statements. Important factors, among others, that may affect actual
results or outcomes include: the Company’s ability to continue as a
going concern and improve its liquidity and financial position; the
Company’s ability to remediate its material weaknesses in internal
control over financial reporting; risks related to the restatement
of the Company’s previously issued consolidated financial
statements; the Company’s limited operating history and the
significant barriers to growth it faces; the Company’s history of
losses and expectation of continued losses; increased operating
expenses; incorrect assumptions and analyses developed by
management; the market performance of the Company’s common stock;
the Company ability to comply with Nasdaq listing requirements; the
Company’s ability to execute on its plans to develop and market its
vehicles and the timing of these development programs; the
Company’s estimates of the size of the markets for its vehicles and
cost to bring those vehicles to market; the rate and degree of
market acceptance of the Company’s vehicles; the success of other
competing manufacturers; the performance and security of the
Company’s vehicles; the Company’s ability to receive funds from,
satisfy the conditions precedent of, and close on the various
financings described elsewhere by the Company; the result of future
financing efforts, the failure of any of which could result in the
Company seeking protection under the Bankruptcy Code; the Company’s
indebtedness; the Company’s ability to cover future warranty
claims; insurance coverage; the outcome of the Securities and
Exchange Commission (“SEC”) investigation relating to the matters
that were the subject of the Special Committee investigation; the
success of the Company’s remedial measures taken in response to the
Special Committee findings; the Company’s dependence on its
suppliers and contract manufacturers; the Company’s ability to
develop and protect its technologies; the Company’s ability to
protect against cybersecurity risks; general economic and market
conditions impacting demand for the Company’s products; risks
related to the Company’s operations in China; risks related to the
Company’s stockholders who own a significant amount of the
Company’s common stock; potential cost, headcount and salary
reduction actions may not be sufficient or may not achieve their
expected results; the ability of the Company to attract and retain
directors and employees; any adverse developments in existing legal
proceedings or the initiation of new legal proceedings; and
volatility of the Company’s stock price. The foregoing list of
factors is not exhaustive. You should carefully consider the
foregoing factors and the other risks and uncertainties described
in the “Risk Factors” section of the Company’s Annual Report on
Form 10-K/A for the year ended December 31, 2022 and Quarterly
Report on Form 10-Q for the quarter ended September 30, 2023, as
well as in other documents filed by the Company from time to time
with the SEC. These filings identify and address other important
risks and uncertainties that could cause actual events and results
to differ materially from those contained in the forward-looking
statements. Forward-looking statements speak only as of the date
they are made. Readers are cautioned not to put undue reliance on
forward-looking statements, and the Company does not undertake any
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as required by law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20231127574819/en/
Investors (English): ir@faradayfuture.com
Investors (Chinese): cn-ir@faradayfuture.com
Media: john.schilling@ff.com
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