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Faraday Future (NASDAQ: FFAI) has secured another significant pre-order for its FX Super One MPV, with Sky Horse Auto LLC placing a non-binding reservation for 300 units accompanied by a $30,000 non-refundable deposit. This follows last week's 1,000-unit pre-order from a New York City dealership, bringing total pre-orders to 1,300 units.
Sky Horse, a California-based mobility solutions provider, plans to deploy these vehicles across West Coast markets including Orange County, Los Angeles, San Francisco, and Las Vegas. The FX Super One, expected to launch by end of 2025, is positioned as an affordable mass-market EV featuring premium amenities and advanced technology.
Faraday Future targets tens of thousands of FX vehicle sales within two years of production, subject to securing necessary agreements and funding. The company plans to unveil the FX Super One in June 2025 and will begin collecting non-binding paid reservations thereafter.
Faraday Future's (NASDAQ: FFAI) Founder and newly appointed Co-CEO YT Jia launched his first Weekly Investor Update initiative, emphasizing increased transparency and stockholder communication. The company reported two significant B2B deals: a binding pre-order for 1,000 FX Super One units from a New York dealership and another for 300 units from California-based Skyhorse, both including non-refundable deposits.
Jia addressed the company's progress in combating potential illegal short selling, noting that certain individuals have issued public apologies. He also acknowledged organizational challenges, including cross-cultural collaboration issues and management inefficiencies, leading to several senior management restructurings. The company is focusing on four strategic areas: building user ecosystem, product development, capital & finance, and operational capabilities.
The update outlined upcoming priorities including FX Super One's consumer launch preparations, potential ride-hailing partnerships, Q1 financial results preparation, and continued product development with a second vehicle model in U.S. road testing.Faraday Future (NASDAQ: FFAI), a California-based electric mobility company, has issued a strong statement against potential illegal short selling and misleading social media information targeting the company.
The company outlined three key actions:
- Combat Illegal Short Selling: FF has been investigating institutions potentially involved in illegal short selling since 2023 and pledges to fight market manipulation
- Address False Information: The company has successfully identified and stopped individuals spreading misleading content on social media
- Legal Action: FF has assembled a cross-border legal team to pursue lawsuits, seek injunctions, and work with authorities against market manipulators
The company demands immediate cessation of all infringing activities and warns that any attempts to harm company interests will face legal consequences. FF emphasizes its commitment to protecting investor interests and maintaining fair market conditions.
Faraday Future has secured its first B2B pre-order agreement for 1,000 units of the FX Super One MPV, marking a significant milestone in its global strategy. New York-based JC Auto made a $100,000 non-refundable deposit for priority delivery of up to 300 vehicles, planning to establish a premium fleet for Uber Black and VIP transport services.
The FX Super One, set to launch in June 2025, will initially be available as a pure electric vehicle, with a future AI hybrid extended range option. The vehicle targets the affordable mass market segment, with production expected by end-2025. Features include reclining seats, ambient lighting, and premium entertainment systems.
The company aims to sell tens of thousands of FX vehicles within two years of production, focusing on four key markets: range-extended vehicles, intelligent mobile living spaces, and affordable AIEVs priced between $20,000 to $40,000. This pre-order validates FF's "Three Pillars" model of user acquisition, co-creation, and user operations.
Faraday Future received strong political support during its recent 'FF Stockholder Community and FX Co-Creation Day' event in Los Angeles. Anthony Rendon, former California House Speaker, and Lou Martinez, current Mayor of Hanford, offered congratulatory messages following YT Jia's appointment as Co-CEO.
Key highlights include:
- Hanford Mayor confirmed support for FX vehicle production at local manufacturing facility
- FF has invested over $3 billion in California for AI Electric Vehicle development
- Company stands as California's only domestic automotive manufacturer with local HQ and production
- Event aimed to increase transparency with stockholders and showcase FF's vision
The gathering combined an employee all-hands meeting with stockholder engagement, featuring business updates and transformational plans from YT Jia. The event recording is available on YouTube, demonstrating FF's commitment to open communication with stakeholders.
Faraday Future (NASDAQ: FFAI) has announced the appointment of company founder YT Jia as Co-CEO alongside current Global CEO Matthias Aydt. In this new role, YT will oversee finance, legal, and supply chain operations in addition to his existing responsibilities.
The company outlined ambitious targets including:
- Production of first FX vehicle by end of 2025
- Sales target of tens of thousands of FX units within two years of production
- Achieving positive gross margin and operating cash flow
YT's new equity incentive plan is directly tied to market performance: Phase One offers 1% equity for every $5 stock price increase (capped at 5%), while Phase Two provides 1% equity for every $20 increase (maximum total 9%). YT has committed to using his $1.2 million promotion bonus to purchase company shares with a one-year lock-up period.
Faraday Future (Nasdaq: FFAI) announces its upcoming FF Stockholder Community & FX Developer Co-Creation Day scheduled for April 24, 2025. The event will showcase key updates and provide attendees with an exclusive look at the company's innovation, advanced design, and AI-driven performance in mobility technology.
The event will begin livestreaming at 5:15 PM PDT and will be accessible both in-person and online through multiple media platforms. A replay will be available on the company's website until April 23, 2026. Stockholders, fans, investors, and media members can register for either in-person attendance or livestream access through dedicated US and China registration links.
Faraday Future (NASDAQ: FFAI) has announced its upcoming 'FF Stockholder Community and FX Co-Creation Day' scheduled for April 24 at its Los Angeles headquarters. The event aims to enhance transparency and communication with stockholders while showcasing the company's progress.
The event will feature:
- Company presentations and Q&A sessions with FF and FX leadership
- Exclusive test ride opportunities
- Private preview of Faraday X (FX) mule prototypes
- FX Developer Co-Creation recruitment opportunities
The event will run from 3:30 PM to 6:30 PM PDT at FF's headquarters in Gardena, CA. An all-hands employee meeting will be held simultaneously and will be open to attending stockholders, followers, and fans. The company plans to make an important announcement during this meeting. Attendance is by invitation only with space available.
Faraday Future (FFAI) recently participated in a White House business roundtable, where FX CEO Max Ma engaged in discussions about global tariffs, U.S. manufacturing, and innovation with key officials including Special Assistant Hailey Borden.
The company highlighted its Global Automotive Industry Bridge Strategy, launched in 2024 alongside its second brand, Faraday X (FX). Currently, FF manufactures 100% of its vehicles in the U.S., with nearly 50% of suppliers being U.S.-based. While FX will initially source components internationally, it plans to gradually transition to U.S.-based suppliers.
Recent U.S. automotive tariff policy changes may create favorable conditions for both FF and FX's market positioning. The company has submitted proposals regarding automotive policy, particularly focusing on U.S.-China cooperation in the EV sector.
Faraday Future (NASDAQ: FFAI) announced its upcoming Annual General Meeting scheduled for May 28, 2025, presenting several key proposals. The company seeks to increase total authorized shares by 29%, from 139,245,313 to 180,145,313 shares, without affecting current outstanding shares. Notable proposals include:
- Election of five directors until 2026
- Private placement approval for convertible notes and warrants
- Company name change to 'Faraday Future AI Electric Vehicle Inc.'
- No reverse stock split planned
The company announced five major initiatives, including organizational reform and measures against potential illegal short selling. Their FX strategy is progressing with the first vehicle rollout expected by year-end, and the Super One model debut planned for late June. The company reports strong interest from U.S. consumers, fleet operators, and car rental partners.
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