- The company will begin manufacturing the FF 91 2.0 seats in-house at its plant in Hanford, California immediately, reducing costs for its flagship luxury electric vehicle.
- Interior manufacturing of seats and interiors is the basis of customization and personalization in the Ultimate AI TechLuxury FF 91 2.0.
LOS ANGELES–( BUSINESS WIRE )– Faraday Future Intelligent Electric (Nasdaq: FFIE) (“Faraday Future, FF or Company”), a global California-based Intelligent Electric Mobility Ecosystems Co., Ltd. is outsourcing the manufacturing of the FF 91 2.0 car seats. This is one example of how a company looks at every part of its operations to find efficiencies within the organization. It also continues to work on improving its global supplier network and establishing a supplier base for the Faraday X brand.
The FF 91 2.0 features some of the most advanced and comfortable rear seats in its class. Every seat is a great seat in the FF 91 2.0. Two zero-gravity seats in the back row of the car perfectly embrace and support you and make it easy for you to sleep soundly or immerse you in a position where you can enjoy the entertainment suite that the FF 91 2.0 offers to the rear seat passengers.
FF will continue to work on optimizing processes and improving efficiency, such as this key example of the supply of our FF 91 2.0 seats, to support sustainability,” said Matthias Aidt, Global CEO of FF. This includes ongoing evaluations of our current cost reduction and spending efficiency efforts, including daily operations and material costs FF 91 2.0.
About Faraday's future
Faraday Future is the market leader for the Ultimate AI TechLuxury Ultra Spire in the era of smart electric vehicles, revolutionizing the traditional ultra-luxury car culture embodied by Ferrari (NYSE:) and Maybach. FF is not just an electric car company, but also a software-driven intelligent Internet company. FF ultimately aims to become a user company by offering a common smart mobility ecosystem. Driven by the pursuit of intelligent and AI-driven mobility, FF remains committed to developing electric vehicle technology to meet the evolving needs and preferences of users around the world.
Forward-looking statements
This release includes forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. When used in this release, potential words, intents and variations of such words or similar expressions (or negative versions of such words or expressions) are intended. To identify forward-looking statements. These forward-looking statements, including insourcing the manufacturing of the FF 91 2.0 seats, improving the Company's global supplier network, and establishing a supplier base for the Faraday X brand, involve a number of known and unknown risks, uncertainties, assumptions and uncertainties. There are other important factors, many of which are beyond the Company's control, that could cause actual results or results to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include: insourcing the manufacturing of FF 91 2.0 seats may not result in cost savings and may be more expensive than outsourcing; The Company may not be able to effectively optimize its supplier network or secure the necessary suppliers for the Faraday X brand at costs acceptable to the Company or at all; The Company's ability to secure the necessary financing to implement FaradayX and the UAE's strategies, which will be significant; The Company's ability to continue as a going concern and improve its liquidity and financial position; The Company's ability to pay its outstanding obligations; the Company's ability to address material weaknesses in internal control over financial reporting and risks related to restatements of previously issued consolidated financial statements; The Company's limited operating history and significant barriers to growth; The company's history of losses and the expectation that losses will continue; The success of the company's payroll expense reduction plan; the Company's ability to implement its plans to develop and market its vehicles and the timing of such development programs; The Company's estimates of the size of the markets for its vehicles and the cost of bringing those vehicles to market; The rate and degree of market acceptance of the Company's vehicles; the Company's ability to cover future warranty claims; the success of other competing manufacturers; performance and security of company vehicles; current and potential litigation relating to the Company; the Company's ability to receive funds from, satisfy conditions precedent and close various financings described elsewhere by the Company; As a result of future financing efforts, the failure of which could result in the Company seeking protection under the Bankruptcy Code; Company indebtedness; the Company's ability to cover future warranty claims; The Company's ability to use its software in the market; Insurance coverage; General economic and market conditions affecting demand for the Company's products; potential negative effects of a reverse stock split; Potential cost, headcount and payroll reduction measures may not be sufficient or may not achieve their expected results; Circumstances beyond the Company's control, such as natural disasters, climate change, health epidemics, terrorist attacks, and civil unrest; risks related to the Company's operations in China; The success of the remedial actions taken by the Company in response to the findings of the Special Committee; the Company's reliance 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; The Company's ability to attract and retain employees, any adverse developments in existing legal proceedings or the initiation of new legal proceedings, and the volatility of the Company's stock price. The above list of factors is not exhaustive. You should carefully consider the factors described above and the other risks and uncertainties described in the Risk Factors section of the Company's Form 10-K filed with the Securities and Exchange Commission on May 28, 2024, as amended on May 30, 2024 and June 24, 2024, as updated by the Factors Section. The risk in the company's first-quarter 2024 Form 10-Q filed with the Securities and Exchange Commission on July 30, 2024, and other documents the Company files from time to time with the Securities and Exchange Commission. 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 place undue reliance on forward-looking statements, and the Company undertakes no 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. .
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Investors (in English): ir@faradayfuture.com
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Media: john.shilling@ff.com
Source: Faraday Future Intelligent Electric (NASDAQ:).
