- The latest Faraday X (FX) strategy developments will be announced, including timing information, sectors and next steps for the FX brand.
- FX mule models will be on display in Las Vegas, Nevada next week, and the company's U.S. regulatory testing and product development phase has begun.
LOS ANGELES–( BUSINESS WIRE )– Faraday Future Intelligent Electric (Nasdaq: FFIE) (FF, Faraday Future or the Company), a global smart mobility ecosystem company, today announced California-based Electrical Joint said it will release a video on January 8, 2025, outlining recent developments in its Faraday 2024, including latest developments, timing, sector information and next steps. The video will stream on January 8, 2025 on FF.com, the FF app, and the social media accounts of FF, FX, and YT Jia at 5:00 PM PT, and will then be included in the archived Investor Relations portion of the company's website at www.ff.com .
The FX brand is accelerating its efforts to offer “twice the performance at half the price” AIEV products to US consumers and moving toward the goal of offering electric vehicles with high performance and technology at an affordable price.
The FX prototypes arrived in Los Angeles at the end of December 2024 and have begun product development and testing in the United States, and will stop in Las Vegas, Nevada from January 5-7.
For media: If you are interested in seeing Forex models and learning more about Forex strategy from company executives, please contact John Schilling at john.schilling@ff.com.
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. FF remains committed to developing electric vehicle technology to meet the evolving needs and preferences of users around the world, driven by the pursuit of intelligent and AI-driven mobility.
Forward-looking statements
This press 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 press release, the words estimate, anticipate, expect, anticipate, anticipate, plan, intend, believe, seek, may, will, should, future, and propose, and variations of these words or similar expressions (or negative versions of these Words or expressions) are intended to identify forward-looking statements. These forward-looking statements, which include statements regarding the development and testing of foreign exchange products, and the acceleration of development efforts, are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors. Many of which are beyond the Company's control, which could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements.
Important factors that may affect actual results or outcomes include, among others: potential unexpected delays in connection with the customs clearance process for typical mules; the Company's ability to secure the financing necessary to implement its foreign exchange strategy, which will be significant; the Company's ability to secure additional agreements with original equipment manufacturers that are necessary to implement the foreign exchange strategy; 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. 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.
View source version on Businesswire.com: https://www.businesswire.com/news/home/20250102046307/en/
Investors (in English): ir@faradayfuture.com
Investors (Chinese): cn-ir@faradayfuture.com
Media: john.shilling@ff.com
Source: Faraday Future Intelligent Electric (NASDAQ:).
