Faraday Future Announces the First Delivery of an FF 91 2.0 Futurist Alliance in the East Coast Market Will Occur March 28

Rhea-AI Summary

Faraday Future (FFAI) has announced its first FF 91 2.0 Futurist Alliance delivery in the East Coast market, scheduled for March 28 to Univest Securities, a New York City-based investment banking firm. This milestone marks the company's official entry into the New York market, representing a strategic expansion for the California-based electric vehicle manufacturer.

The expansion into the New York State market presents a significant growth opportunity for both FF and FX, given New York's status as a major economic hub and growing EV market. This strategic move aims to establish and strengthen FF's position in the U.S. EV industry while increasing brand visibility in one of the world's most influential markets.

Positive

• First East Coast market entry, expanding geographical presence
• Strategic access to New York's high-end user base
• Entry into a major EV growth market

Negative

• None.

• The March 28 delivery to Univest Securities, an investment bank based in New York City, marks the official entry in the New York Market for FF.

LOS ANGELES--(BUSINESS WIRE)-- Faraday Future Intelligent Electric Inc. (Nasdaq: FFAI) (“FF,” “Faraday Future,” or the “Company”), a California-based global shared intelligent electric mobility ecosystem company, today announced that Univest Securities, LLC, a boutique investment banking firm located in New York City (NYC), will take delivery of its FF 91 2.0 Futurist Alliance in NYC on March 28.

This marks FF’s official entry into the East Coast market and also serves as a strategic foundation for FF’s future market expansion, potentially opening doors to a broader high-end user base in the area.

The New York State market represents a growth opportunity for both FF and, eventually, FX, given its status as one of the world’s largest and most influential economic hubs as well as a growth market for EVs. Expanding into this market could not only enable FF and FX to establish and strengthen their positions within the U.S. EV industry but also increase brand visibility.

ABOUT FARADAY FUTURE

Faraday Future is a California-based global shared intelligent electric mobility ecosystem company. Founded in 2014, the Company’s mission is to disrupt the automotive industry by creating a user-centric, technology-first, and smart driving experience. Faraday Future’s flagship model, the FF 91 2.0 Futurist Alliance, exemplifies its vision for luxury, innovation, and performance. The new FX strategy aims to introduce mass production models equipped with state-of-the-art luxury technology similar to the FF 91 2.0, targeting a broader market with middle-to-low price range offerings. For more information, please visit https://www.ff.com/us/.

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, which include statements regarding the timing for delivering a vehicle in the New York Metro area and FF and FX geographic expansion, 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 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, among others: potential travel delays with the carrier transporting the FF 91; the Company’s ability to secure the necessary funding to execute on the FX strategy, which will be substantial; the Company's ability to secure necessary agreements to license and/or produce FX vehicles none of which have been secured; the Company's ability to homologate FX vehicles for sale; the Company's ability to secure necessary permits at its Hanford, CA production facility; the Company’s ability to continue as a going concern and improve its liquidity and financial position; and the Company’s ability to pay its outstanding obligations. You should carefully consider the foregoing factors, and the other risks and uncertainties described in the “Risk Factors” section of the Company’s Form 10-K filed with the SEC on May 28, 2024, as amended on May 30, 2024, and June 24, 2024, as updated by the “Risk Factors” section of the Company’s first quarter 2024 Form 10-Q filed with the SEC on July 30, 2024, and other documents filed by the Company from time to time with the SEC.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250325619449/en/

Investors (English): ir@faradayfuture.com

Investors (Chinese): cn-ir@faradayfuture.com

Media: john.schilling@ff.com

Source: Faraday Future Intelligent Electric Inc.

FAQ

When will Faraday Future (FFAI) deliver its first FF 91 2.0 Futurist Alliance on the East Coast?

Faraday Future will deliver its first FF 91 2.0 Futurist Alliance on the East Coast on March 28 to Univest Securities in New York City.

Who is the first East Coast customer for Faraday Future's (FFAI) FF 91 2.0 Futurist Alliance?

Univest Securities, a boutique investment banking firm in New York City, will be the first East Coast customer to receive the FF 91 2.0 Futurist Alliance.

What does Faraday Future's (FFAI) East Coast expansion mean for the company?

The East Coast expansion marks FF's official entry into the New York market, providing access to a broader high-end user base and strengthening the company's position in the U.S. EV industry.

Why did Faraday Future (FFAI) choose New York for its East Coast expansion?

New York was chosen due to its status as one of the world's largest economic hubs and its growing EV market, offering significant growth opportunities for both FF and FX.