Articles from Faraday Future Intelligent Electric Inc.
Faraday Future Appoints Veteran Automotive Technology Expert and Industry Leader Dr. Lei Gu to President of FX Global EV R&D Center
Faraday Future Intelligent Electric Inc. (Nasdaq: FFIE) (“FF”, “Faraday Future”, or the “Company”), a California-based global shared intelligent electric mobility ecosystem company, today announced that Dr. Lei Gu, a pioneering figure in China's automotive industry and an expert in vehicle development and safety technology, will join FF as President of FX Global EV Research and Development (R&D) Center and Vehicle Line Executive (VLE) for the FX 6.
By Faraday Future Intelligent Electric Inc. · Via Business Wire · December 4, 2024
Faraday Future Establishes Local Sourcing Initiative in Ras Al-Khaimah, UAE
Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) (“Faraday Future,” “FF,” or the “Company”), a California-based global shared intelligent electric mobility ecosystem company, announced its commitment to local sourcing for manufacturing equipment in Ras Al-Khaimah, UAE. This strategic initiative aligns with the Company’s focus on fostering regional partnerships, streamlining logistics, and accelerating delivery timelines for its planned UAE manufacturing operations.
By Faraday Future Intelligent Electric Inc. · Via Business Wire · December 1, 2024
Faraday Future Announces it Will Change its Stock Ticker Symbol to "FFAI" and Host an “FF AI Open Day” Event in Early 2025
Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) (“Faraday Future,” “FF,” or “the Company”), a California-based global shared intelligent electric mobility ecosystem company, announced today that it plans to change its Nasdaq ticker symbol from “FFIE” to “FFAI” in early 2025. This change aligns with the Company’s continued focus on its AI strategy that includes its new FX brand strategy. Surveys conducted over the past year also consistently showed a preference for changing the ticker symbol from "FFIE" to "FFAI." The Company plans to announce the date and detailed plans for the official stock ticker symbol change and “FF AI Open Day” in January 2025.
By Faraday Future Intelligent Electric Inc. · Via Business Wire · November 25, 2024
Faraday Future Secures 100 Sets of Fuji Vehicle Body Parts to Support FF 91 2.0 Manufacturing
Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) (“Faraday Future,” “FF” or “Company”), a California-based global shared intelligent electric mobility ecosystem company, today announced it will receive a new shipment of 100 sets of Fuji vehicle body parts for FF 91 2.0 production. The Company continues to work to optimize its global supplier network.
By Faraday Future Intelligent Electric Inc. · Via Business Wire · November 24, 2024
First FX Prototype Mules Set to Be Shipped to FF’s U.S. Headquarters, Kicking Off the Product Development and Testing Phase
Faraday Future Intelligent Electric Inc. (Nasdaq: FFIE) (“FF”, “Faraday Future”, or the “Company”), a California-based global shared intelligent electric mobility ecosystem company, today announced that its first FX prototype mules have arrived at the Company’s China headquarters. The prototype mules’ delivery/shipping route will take it from Beijing to Los Angeles.
By Faraday Future Intelligent Electric Inc. · Via Business Wire · November 19, 2024
Faraday Future and Grow Fandor Forge Exclusive Strategic Licensing Collaboration, a Potential New Growth Driver
Faraday Future Intelligent Electric Inc. (Nasdaq: FFIE) (“FF”, “Faraday Future”, or the “Company”), a California-based global shared intelligent electric mobility ecosystem company, today announced a comprehensive strategic licensing agreement with Grow Fandor, an IP commercialization company. As FF’s exclusive licensee for ecosystem products, Grow Fandor will manage the design, development, sales, and operations for certain ecosystem products bearing the FF and Faraday X (FX) brands. This collaboration has the potential to become a new growth driver for FF.
By Faraday Future Intelligent Electric Inc. · Via Business Wire · November 13, 2024
FF Successfully Signs Definitive Agreements with Top OEMs, Kicking Off the Product Research Phase for Delivery of Two Models Targeted to Roll Off by End of 2025
Faraday Future Intelligent Electric Inc. (Nasdaq: FFIE) (“FF”, “Faraday Future”, or the “Company”), a California-based global shared intelligent electric mobility ecosystem company, today announced that the Company’s wholly owned subsidiary, Faraday X (FX), has signed definitive agreements relating to two planned products with top original equipment manufacturers (OEMs). These collaborations aim to jointly advance plans and the first phase of execution for the development, testing, regulatory compliance, supply chain, and production planning of the two models.
By Faraday Future Intelligent Electric Inc. · Via Business Wire · November 12, 2024
Faraday Future’s FX Subsidiary Appoints Xiao (Max) Ma Global CEO of Faraday X
Faraday Future Intelligent Electric Inc. (Nasdaq: FFIE) (“FF”, “Faraday Future”, or the “Company”), a California-based global shared intelligent electric mobility ecosystem company, today announced that long-time Company employee Xiao (Max) Ma has been appointed Global CEO of Faraday X aiEV Inc., a wholly owned subsidiary of the Company, effective immediately. In this role, Max will report directly to both FF Global CEO Matthias Aydt and Founder & CPUO YT Jia. Max will be responsible for executing the FX strategy and driving the success of the FX brand. Appointing Max, who is a member of the FF founding team to lead the FX brand, will facilitate mutual empowerment between the two brands and better implement the “Light and Swift” model. His previous roles as Head of Product & Mobility Ecosystem (P&ME) and Head of Corporate Strategy will remain unchanged.
By Faraday Future Intelligent Electric Inc. · Via Business Wire · November 11, 2024
Faraday Future Announces Collaboration with Specialized Performance Parts Manufacturer JC Sportline
Faraday Future Intelligent Electric Inc. (Nasdaq: FFIE) (“FF”, “Faraday Future”, or the “Company”), a California-based global shared intelligent electric mobility ecosystem company, today announced that it has entered a non-binding Memorandum of Understanding (MOU) with JC Sportline. This collaboration aims to showcase the FF 91 2.0 with JC Sportline's enhancements, exploring potential future partnerships to leverage the strengths of both brands. The MOU is intended to outline the collaboration framework without binding either party beyond the scope of the agreement. FF’s FF 91 2.0, customized with JC Sportline’s products, is being displayed at JC Sportline’s booth (No. 12629) during the SEMA Show from November 5-8 at booth number 12629. Another FF 91 2.0 is being showcased at the SEMA Show by FF Co-Creator, Sean Lee, at STEK’s booth (No. 52141).
By Faraday Future Intelligent Electric Inc. · Via Business Wire · November 7, 2024
Faraday Future Reports Financial Results for Third Quarter 2024
Faraday Future Intelligent Electric Inc. (Nasdaq: FFIE) (“FF”, “Faraday Future”, or the “Company”), a California-based global shared intelligent electric mobility ecosystem company, today announced its financial results for its third quarter of 2024.
By Faraday Future Intelligent Electric Inc. · Via Business Wire · November 6, 2024
Faraday Future Announces Third Quarter 2024 Earnings and Webcast Timing
Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) (“Faraday Future,” “FF,” or the “Company”), a California-based global shared intelligent electric mobility ecosystem company, today announced that it is scheduled to have a conference call on its third quarter results for 2024 after market close on Wednesday, November 6, 2024, at 5:00 p.m. Pacific Time (8:00 p.m. Eastern Time).
By Faraday Future Intelligent Electric Inc. · Via Business Wire · October 31, 2024
Faraday Future to Showcase Two Modified FF 91 2.0 Futurist Alliances at the 2024 Specialty Equipment Market Association (SEMA) Show from November 5-8
Faraday Future Intelligent Electric Inc. (Nasdaq: FFIE) (“FF”, “Faraday Future”, or the “Company”), a California-based global shared intelligent electric mobility ecosystem company, today announced that it will showcase two of its FF 91 2.0 Futurist Alliance EVs at this year’s Specialty Equipment Market Association (SEMA) show to be held in Las Vegas, NV, from November 5-8. The vehicles, both production versions of the FF 91 2.0 Futurist Alliance, will be outfitted by well-known aftermarket outfitters and will showcase a range of distinct appearance modifications.
By Faraday Future Intelligent Electric Inc. · Via Business Wire · October 31, 2024
Faraday Future Receives $30 Million of Previously Committed Financing
Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) (“Faraday Future,” “FF” or the “Company”), a California-based global shared intelligent electric mobility ecosystem company, announced today that it has received the full net proceeds from the $30 million previously committed financing announced in September 2024. The initial closing occurred on September 12, 2024, and the second closing occurred on September 30, 2024. The proceeds, from investors in the Middle East, the United States, and Asia, were received in incremental tranches, with the final investment amounts received this week. For the FF brand, the net proceeds can support FF 91 deliveries and the gradual restoration of the supply chain; for the FX brand, the net proceeds can provide financial support to help progress the FX project.
By Faraday Future Intelligent Electric Inc. · Via Business Wire · October 30, 2024
Faraday Future’s FX Brand Continues Its Ramp Up as It Kicks Off Hiring for Key Positions
Faraday Future Intelligent Electric Inc. (Nasdaq: FFIE) (“FF”, “Faraday Future”, or the “Company”), a California-based global shared intelligent electric mobility ecosystem company, today announced that it has begun hiring for key positions for its second brand, Faraday X (FX), as it furthers its plans to realize its goal of launching its initial products by the end of 2025.
By Faraday Future Intelligent Electric Inc. · Via Business Wire · October 27, 2024
Faraday Future Participates in a Co-Creation Event with the 22nd SongZhuMei Thousand People Picnic
Faraday Future Intelligent Electric Inc. (Nasdaq: FFIE) (“FF”, “Faraday Future”, or the “Company”), a California-based global shared intelligent electric mobility ecosystem company, today announced that it recently participated in a co-creation event with the 22nd SongZhuMei Thousand People Picnic, hosted by the Chinese University of Alumni Association Alliance of Southern California (“Alumni Alliance”).
By Faraday Future Intelligent Electric Inc. · Via Business Wire · October 15, 2024
Faraday Future Announces Acceptance of 10% Share Donation of Global IP Commercialization Company Grow Fandor from YT Jia
Faraday Future Intelligent Electric Inc. (Nasdaq: FFIE) (“FF”, “Faraday Future”, or the “Company”), a California-based global shared intelligent electric mobility ecosystem company, today announced its acceptance and expressed appreciation for Grow Fandor’s 10% share, which was originally held by YT Jia, Founder and Chief Product User Ecosystem Officer of FF.
By Faraday Future Intelligent Electric Inc. · Via Business Wire · October 9, 2024
Faraday Future Announces Executives’ Common Stock Purchases
Faraday Future Intelligent Electric Inc. (Nasdaq: FFIE) (“FF”, “Faraday Future”, or “Company”), a California-based global shared intelligent electric mobility ecosystem company, today announced that its Global CEO, Matthias Aydt, and Founder and Chief Product and User Ecosystem Officer of FF, YT Jia, purchased shares of the Company’s Class A common stock in September, in an aggregate amount of 10,455 shares for $35,799 (consisting of 5,313 shares for $18,192 for Mr. Aydt, and 5,142 shares for $17,606 for Mr. Jia).
By Faraday Future Intelligent Electric Inc. · Via Business Wire · October 3, 2024
Faraday Future Announces Co-Creation with the First US-Canada Hanlin Cup Golf Classic
Faraday Future Intelligent Electric Inc. (Nasdaq: FFIE) (“FF”, “Faraday Future”, or “Company”), a California-based global shared intelligent electric mobility ecosystem company, today announced the Co-Creation cooperation with the First US-Canada Hanlin Cup Golf Classic. The two parties may explore more collaborative opportunities to enhance the brand influence of FF and the Faraday X (FX) brand.
By Faraday Future Intelligent Electric Inc. · Via Business Wire · September 29, 2024
Faraday Future Announces Senior Leadership Changes to Drive Implementation of Its Dual-Brand Strategy
Faraday Future Intelligent Electric Inc. (Nasdaq: FFIE) (“FF”, “Faraday Future”, or “Company”), a California-based global shared intelligent electric mobility ecosystem company, today announced personnel changes to help further the Company’s short- and long-term business goals. On September 17, 2024, the Board of Directors of the Company appointed Koti Meka as the Company’s Chief Financial Officer and principal financial officer, effective September 23, 2024. In his new position, Mr. Meka will oversee FF’s Accounting and Finance business units and report directly to Matthias Aydt, FF’s Global CEO. In addition, the Company recently announced that Aaron Ma has been appointed as the Acting Head of EV R&D, effective August 20, 2024. In this new role, Mr. Ma will oversee the FF Global EV R&D business and will also report directly to Mr. Aydt.
By Faraday Future Intelligent Electric Inc. · Via Business Wire · September 26, 2024
Faraday Future Delivers an FF 91 2.0 to Top Star Agency ‘Born Leaders Entertainment’ in Hollywood on September 20
Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) (“Faraday Future”, “FF” or “Company”), a California-based global shared intelligent electric mobility ecosystem company, today announced it delivered an FF 91 2.0 Futurist Alliance to Born Leaders Entertainment in the famous Warwick Club in Hollywood on September 20. Born Leaders Entertainment also becomes a user, and Developer Co-Creation Officer for FF. Top American sports and entertainment celebrities gathered to celebrate the Delivery event.
By Faraday Future Intelligent Electric Inc. · Via Business Wire · September 23, 2024
Faraday Future Announces its Second Brand, Faraday X (FX), and Two Planned New Products Expected to be Priced between $20,000 and $50,000, Signed Strategic Framework Agreements or MOUs with Four OEMs to Fully Promote Range Extended AIEV in the U.S.
Faraday Future Intelligent Electric Inc. (Nasdaq: FFIE) (“FF”, “Faraday Future”, or “Company”), a California-based global shared intelligent electric mobility ecosystem company, announced today that it will launch its second brand, Faraday X (or “FX” for short), which will be an integral part of FF’s overall growth strategy, and is part of the Company’s Global Automotive Industry Bridge Strategy.
By Faraday Future Intelligent Electric Inc. · Via Business Wire · September 20, 2024
Faraday Future Announces ‘Born Leaders Entertainment’ to Take Delivery of Latest FF 91 2.0 EV on September 20
Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) (“Faraday Future”, “FF” or “Company”), a California-based global shared intelligent electric mobility ecosystem company, today announced the planned delivery of an FF 91 2.0 Futurist Alliance to Born Leaders Entertainment, a company deeply immersed in the entertainment business that helps support some of the biggest artists in the entertainment industry and provides recording management and support services for music tours and other events. Born Leaders Entertainment will also become a user and Developer Co-Creation Officer for FF. The vehicle is scheduled to be delivered on September 20.
By Faraday Future Intelligent Electric Inc. · Via Business Wire · September 19, 2024
Faraday Future Reminds the Public to Sign Up for its Second Brand Strategy and Global Automotive Industry Bridge Launch Event to be Held September 19
Faraday Future Intelligent Electric Inc. (Nasdaq: FFIE) (“FF”, “Faraday Future”, or “Company”), a California-based global shared intelligent electric mobility ecosystem company, reminds the public to register for its September 19 Launch Event where FF will further present its second brand strategy and Global Automotive Industry Bridge Strategy and discuss interim achievements.
By Faraday Future Intelligent Electric Inc. · Via Business Wire · September 17, 2024
Faraday Future Announces Notice of Pendency and Proposed Settlement of Stockholder Derivative Actions
Faraday Future Intelligent Electric Inc. (Nasdaq: FFIE) (“FF”, “Faraday Future”, or “Company”), a California-based global shared intelligent electric mobility ecosystem company, has released the following notice according to THE UNITED STATES DISTRICT COURT, CENTRAL DISTRICT OF CALIFORNIA, WESTERN DIVISION:
By Faraday Future Intelligent Electric Inc. · Via Business Wire · September 13, 2024
Faraday Future Announces $30 Million in Financing Commitments from the Middle East, the United States, and Asia
Faraday Future Intelligent Electric Inc. (Nasdaq: FFIE) (“FF”, “Faraday Future”, or “Company”), a California-based global shared intelligent electric mobility ecosystem company, announced today that it has secured $30 million in financing commitments from investors in the Middle East, the United States, and Asia. The participation from a Middle East investor, Master Investment, an investment firm of Sheikh Abdulla Al Qassimi from Ras Al Khaimah, the UAE represents a significant milestone, underscoring the Company’s successful expansion and development efforts in the region. This financing not only validates Faraday Future’s progress in enhancing its international presence but also strategically positions the Company for growth and new business opportunities.
By Faraday Future Intelligent Electric Inc. · Via Business Wire · September 5, 2024