STOCK TITAN

Faraday Future Delivers First FF 91 2.0 Futurist Alliance in the East Coast Market to Univest Securities

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags

Faraday Future (NASDAQ: FFAI) has achieved a significant milestone by delivering its first FF 91 2.0 Futurist Alliance in the East Coast market to Univest Securities, in New York City. The delivery, which took place near Midtown Manhattan, marks the company's first delivery in New York State.

The expansion into the East Coast market is strategic for FF, given New York's status as a major economic hub and growing EV market. The company plans to develop AI hybrid extended-range (AIHER) electric powertrain systems specifically suited for the East Coast region.

Looking ahead, FF plans to unveil the FX Super One in June 2025 and begin collecting reservations, with the first FX model expected to roll off the production line by the end of 2025. This East Coast expansion is intended to establish FF's position in the U.S. EV industry and increase brand visibility.

Faraday Future (NASDAQ: FFAI) ha raggiunto un traguardo significativo consegnando il suo primo FF 91 2.0 Futurist Alliance nel mercato della Costa Est a Univest Securities, a New York City. La consegna, avvenuta nei pressi di Midtown Manhattan, segna la prima consegna dell'azienda nello Stato di New York.

L'espansione nel mercato della Costa Est è strategica per FF, data la posizione di New York come importante centro economico e il crescente mercato dei veicoli elettrici. L'azienda prevede di sviluppare sistemi di propulsione elettrica ibridi a lungo raggio con intelligenza artificiale (AIHER) specificamente adatti per la regione della Costa Est.

Guardando al futuro, FF prevede di svelare il FX Super One a giugno 2025 e iniziare a raccogliere prenotazioni, con il primo modello FX previsto per uscire dalla linea di produzione entro la fine del 2025. Questa espansione sulla Costa Est è destinata a stabilire la posizione di FF nell'industria dei veicoli elettrici negli Stati Uniti e aumentare la visibilità del marchio.

Faraday Future (NASDAQ: FFAI) ha alcanzado un hito significativo al entregar su primer FF 91 2.0 Futurist Alliance en el mercado de la Costa Este a Univest Securities, en la ciudad de Nueva York. La entrega, que tuvo lugar cerca de Midtown Manhattan, marca la primera entrega de la empresa en el estado de Nueva York.

La expansión en el mercado de la Costa Este es estratégica para FF, dada la condición de Nueva York como un importante centro económico y el creciente mercado de vehículos eléctricos. La empresa planea desarrollar sistemas de tren motriz eléctrico híbrido de rango extendido con inteligencia artificial (AIHER) específicamente adaptados para la región de la Costa Este.

De cara al futuro, FF planea presentar el FX Super One en junio de 2025 y comenzar a recoger reservas, con el primer modelo FX previsto para salir de la línea de producción a finales de 2025. Esta expansión en la Costa Este tiene como objetivo establecer la posición de FF en la industria de vehículos eléctricos de EE. UU. y aumentar la visibilidad de la marca.

파라데이 퓨처 (NASDAQ: FFAI)는 뉴욕시의 유니베스트 증권에 첫 번째 FF 91 2.0 미래주의자 연합를 전달함으로써 중요한 이정표를 달성했습니다. 맨해튼 미드타운 근처에서 이루어진 이번 전달은 뉴욕주에서의 첫 번째 전달을 의미합니다.

동부 해안 시장으로의 확장은 뉴욕이 주요 경제 중심지이자 성장하는 전기차 시장이라는 점에서 FF에게 전략적으로 중요합니다. 이 회사는 동부 해안 지역에 맞춤화된 인공지능 하이브리드 연장 범위(AIHER) 전기 파워트레인 시스템을 개발할 계획입니다.

앞으로 FF는 2025년 6월 FX 슈퍼 원을 공개하고 예약을 받기 시작할 예정이며, 첫 번째 FX 모델은 2025년 말까지 생산 라인에서 출시될 것으로 예상됩니다. 이번 동부 해안 확장은 미국 전기차 산업에서 FF의 입지를 확립하고 브랜드 가시성을 높이기 위한 것입니다.

Faraday Future (NASDAQ: FFAI) a atteint une étape significative en livrant son premier FF 91 2.0 Futurist Alliance sur le marché de la Côte Est à Univest Securities, à New York. La livraison, qui a eu lieu près de Midtown Manhattan, marque la première livraison de l'entreprise dans l'État de New York.

L'expansion sur le marché de la Côte Est est stratégique pour FF, compte tenu du statut de New York en tant que grand centre économique et du marché croissant des véhicules électriques. L'entreprise prévoit de développer des systèmes de groupes motopropulseurs électriques hybrides à autonomie prolongée avec intelligence artificielle (AIHER) spécifiquement adaptés à la région de la Côte Est.

En regardant vers l'avenir, FF prévoit de dévoiler le FX Super One en juin 2025 et de commencer à recueillir des réservations, le premier modèle FX devant sortir de la chaîne de production d'ici la fin de 2025. Cette expansion sur la Côte Est vise à établir la position de FF dans l'industrie des véhicules électriques aux États-Unis et à accroître la visibilité de la marque.

Faraday Future (NASDAQ: FFAI) hat einen bedeutenden Meilenstein erreicht, indem es sein erstes FF 91 2.0 Futurist Alliance an Univest Securities in New York City geliefert hat. Die Lieferung, die in der Nähe von Midtown Manhattan stattfand, markiert die erste Lieferung des Unternehmens im Bundesstaat New York.

Die Expansion in den Markt an der Ostküste ist strategisch für FF, angesichts der Rolle New Yorks als wichtiges Wirtschaftszentrum und des wachsenden Marktes für Elektrofahrzeuge. Das Unternehmen plant, speziell für die Region an der Ostküste KI-hybridisierte erweiterte Reichweiten-Elektroantriebssysteme (AIHER) zu entwickeln.

Blickt man in die Zukunft, plant FF, den FX Super One im Juni 2025 vorzustellen und Reservierungen zu sammeln, wobei das erste FX-Modell voraussichtlich Ende 2025 vom Band laufen wird. Diese Expansion an der Ostküste soll die Position von FF in der US-Elektrofahrzeugindustrie festigen und die Markenbekanntheit erhöhen.

Positive
  • First expansion into East Coast market, opening new growth opportunities
  • Development of market-specific AIHER powertrain systems for East Coast
  • Planned launch of new FX Super One model in 2025
Negative
  • None.

Insights

Faraday Future's first East Coast delivery represents a modest but symbolically important milestone for the struggling EV startup. While delivering a single FF 91 2.0 Futurist Alliance to Univest Securities in Manhattan isn't financially significant for a company with a $90 million market cap, it demonstrates FFAI can actually get vehicles to customers beyond its California home base.

The expansion into the New York market is strategically sound given the region's wealth concentration and growing EV adoption. However, investors should maintain perspective - this is a single vehicle delivery to a financial services firm that took the company public, not evidence of substantial market penetration or consumer demand.

More consequential is FFAI's mention of its upcoming FX Super One unveiling in June 2025 and plans for production by year-end. The company's pivot toward developing AI hybrid extended-range electric powertrains (AIHER) for the East Coast market suggests a strategic shift from pure EVs to address range concerns in colder climates.

For a company that has faced numerous production delays and financial struggles since its founding, executing on these future model plans will be far more important than ceremonial first deliveries. The partnership with Univest could potentially help secure additional funding for FFAI's ambitious roadmap, but the company's fundamentals remain challenging.

  • Global President Jerry Wang helps deliver the vehicle and reaffirms the Company’s commitment to the East Coast market.
  • FF’s entry into the East Coast market will pave the way for FX’s potential mass-produced models.
  • FF plans to design and develop AI hybrid extended-range (AIHER) electric powertrain systems, which are highly suited to both New York and the broader East Coast region.

NEW YORK--(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 it delivered an FF 91 2.0 Futurist Alliance to Univest Securities, LLC, a boutique investment firm based in New York City. The delivery, which took place near Midtown Manhattan, is FF’s first delivery in New York State and signifies a historic moment for the Company. FF went public on Nasdaq in 2021 and at the time studied the feasibility of expanding to this region. That possibility has now been realized, laying the foundation for not only additional sales of the FF 91 2.0 but also for potential future FX models.

Faraday Future Delivers First FF 91 2.0 Futurist Alliance in the East Coast Market to Univest Securities

Faraday Future Delivers First FF 91 2.0 Futurist Alliance in the East Coast Market to Univest Securities

The East Coast market, including New York state, has long been on the Company’s radar as part of its growing geographic market plans, and 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 enable FF and FX to establish and strengthen their positions within the U.S. EV industry and increase brand visibility. The FX Super One is anticipated to be unveiled in June of 2025, and the Company expects to start collecting reservations thereafter in preparation for the first planned FX to roll off the line by the end of 2025.

“I am thrilled to take part in this historic vehicle delivery to our newest user and Co-Creation Officer, and in not only one of the biggest financial hubs but also in one of the biggest markets for EV’s,” said Jerry Wang. “I hope we can further our partnership with Univest and expand our footprint in the East Coast in the coming years. This delivery opens the doors to our future, with not only FF but also FX.”

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 geographic expansion, designing and developing AIHER electric powertrain systems, the future unveiling of the Super One, and collecting reservations, 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: 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.

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) launch the FX Super One model?

Faraday Future plans to unveil the FX Super One in June 2025, with production expected to begin by the end of 2025.

What is significant about FFAI's recent delivery in New York?

It marks Faraday Future's first FF 91 2.0 Futurist Alliance delivery in New York State and the East Coast market, delivered to Univest Securities in Manhattan.

What technology is FFAI developing for the East Coast market?

FFAI is developing AI hybrid extended-range (AIHER) electric powertrain systems specifically designed for New York and the East Coast region.

When did Faraday Future (FFAI) go public on Nasdaq?

Faraday Future went public on Nasdaq in 2021.
Faraday Future Intelligent Electric Inc

NASDAQ:FFAI

FFAI Rankings

FFAI Latest News

FFAI Stock Data

90.45M
66.13M
6.55%
9.3%
21.57%
Auto Manufacturers
Motor Vehicles & Passenger Car Bodies
Link
United States
NEW YORK