Faraday Future Announces DRÄXLMAIER Group as Interior Consoles Supplier

Rhea-AI Summary

Faraday Future Intelligent Electric Inc. (FFIE) announces a partnership with DRӒXLMAIER Group to supply interior consoles for its flagship FF 91 vehicle, enhancing its luxury appeal. This collaboration is a significant step towards bringing the FF 91 to market, featuring innovative designs such as iPad storage and dual inductive charging. DRӒXLMAIER, renowned for premium automotive solutions, bolsters FF's mission to deliver a high-performance electric vehicle with a unique user experience.

Positive

• Partnership with DRӒXLMAIER enhances luxury interior offerings for FF 91.
• DRӒXLMAIER's experience with premium brands supports FF's market positioning.
• FF 91 includes innovative features aimed at improving user experience.

Negative

• None.

• FF’s partnership with DRӒXLMAIER for ultra-premium luxury interiors brings the FF 91 one step closer to market.

LOS ANGELES--(BUSINESS WIRE)-- Faraday Future Intelligent Electric Inc. (“FF”) (NASDAQ: FFIE), a California-based global shared intelligent mobility ecosystem company, today announced DRӒXLMAIER Group as the lead interior consoles supplier for the flagship FF 91 vehicle.

Faraday Future Announces DRÄXLMAIER Group as Interior Consoles Supplier (Photo: Business Wire)

Headquartered in Vilsbiburg, Germany, DRÄXLMAIER has 63 years of experience creating premium products for automobiles including electrical systems, e-mobility systems, connector systems, and interior systems. DRÄXLMAIER supports premium automobile manufacturers such as BMW, Jaguar, Land Rover, Maserati, Mercedes-Benz, MINI, Porsche, Rolls-Royce, and Volkswagen through the entire production process. DRÄXLMAIER’s reputation and legacy is well known within the automotive industry.

“We’re proud to partner with such a respected and distinguished tier-one brand, that has built a name for themselves among luxury vehicles through their innovative products and design,” said Page Beermann, Design Director at Faraday Future. “The interior design of FF 91 plays such a pivotal role in creating a third internet living space for the passengers within it.”

DRÄXLMAIER will supply the FF 91 front and rear center consoles. Consistent with FF’s user-focused product approach, the consoles will include iPad storage, dual inductive phone charging for front and rear occupants, and lockable storage for rear occupants. Variants of the FF 91 interior with different finishes and material executions will also be offered.

“We’re incredibly excited to be outfitting one of the next top luxury vehicles on the market, the FF 91,” said Josef Mittermeier, Senior Vice-President at DRӒXLMAIER. “The premium, elite interiors found in the car will create the ultimate luxury atmosphere for the drivers and passengers alike.”

The partnership with DRÄXLMAIER is an important step in bringing the FF 91 to market. The FF 91 Futurist Alliance Edition and FF 91 Futurist models represent the next generation of intelligent internet electric vehicle (EV) products. They are high-performance EVs, all-ability cars, and ultimate robotic vehicles, allowing users to experience the third internet living space. The models also encompass extreme technology, an ultimate user experience and a complete ecosystem.

Users can reserve an FF 91 Futurist model now via the FF intelligent APP or FF.com at: https://www.ff.com/us/reserve.

Download the new FF intelligent APP at: https://apps.apple.com/us/app/id1454187098 or https://play.google.com/store/apps/details?id=com.faradayfuture.online.

ABOUT FARADAY FUTURE

Established in May 2014, FF is a global shared intelligent mobility ecosystem company, headquartered in Los Angeles, California. Since its inception, FF has implemented numerous innovations relating to its products, technology, business model, profit model, user ecosystem, and governance structure. On July 22, 2021, FF was listed on NASDAQ with the new company name “Faraday Future Intelligent Electric Inc.”, and the ticker symbols “FFIE” for its Class A common stock and “FFIEW” for its warrants. FF aims to perpetually improve the way people move by creating a forward-thinking mobility ecosystem that integrates clean energy, AI, the Internet and new usership models. With the ultimate intelligent techluxury brand positioning, FF’s first flagship product FF 91 Futurist is equipped with unbeatable product power. It is not just a high-performance EV, an all-ability car, and an ultimate robotic vehicle, but also the third internet living space.

ABOUT DRӒXLMAIER GROUP

The DRÄXLMAIER Group supplies premium automobile manufacturers worldwide with complex wiring harness systems, central electrical and electronic components, exclusive interiors, and battery systems for electromobility. The combination of core competencies in the interior, electrical, electronic and battery systems areas makes DRÄXLMAIER unique in the industry. The company thereby covers the entire process chain, from the initial idea, through the development and production process, and up to precisely in-sequence delivery of the products to the assembly lines of premium automobile manufacturers. The inventor of the customer-specific wiring harness, the DRÄXLMAIER Group develops pioneering wiring harness technology as well as electrical and electronic components, all directly in-house. These include multi-voltage and high-voltage wiring harness systems, battery management systems and intelligent power distributors. DRÄXLMAIER is working on the future of emission-free mobility with its solution for low-voltage and high-voltage battery systems. As a market leader for interior systems in premium automobiles, the DRÄXLMAIER Group also supplies premium automobile manufacturers with ambient lighting, center consoles, door panels and instrument panels, as well as complete door and cockpit modules.

The DRÄXLMAIER Group is an international automotive supplier with about 65 sites in over 20 countries. Founded in Germany in 1958, the company employs about 75,000 employees throughout the world. For the DRÄXLMAIER Group as an owner-managed business, responsible and long-range thinking has always been the basis for economic success. It is therefore a core element of its strategy to design its business and production processes, as well as its products, in a more sustainable manner and in that way to increase the competitiveness of the company on a long-term basis.

In 2020, the DRÄXLMAIER Group generated sales of 4.2 billion euro. Customers of this member of the Top 100 Automotive Suppliers include Audi, BMW, Jaguar, Land Rover, Maserati, Mercedes-Benz, MINI, Porsche and Volkswagen, as well as Californian automotive manufacturers.

FOLLOW FARADAY FUTURE:

https://www.ff.com/
http://appdownload.ff.com
https://twitter.com/FaradayFuture
https://www.facebook.com/faradayfuture/
https://www.instagram.com/faradayfuture/
www.linkedin.com/company/faradayfuture

NO OFFER OR SOLICITATION

This communication shall neither constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.

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 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 FF’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 FF’s ability to execute on its plans to develop and market its vehicles and the timing of these development programs; FF’s estimates of the size of the markets for its vehicles; the rate and degree of market acceptance of FF’s vehicles; the success of other competing manufacturers; the performance and security of FF’s vehicles; potential litigation involving FF; the result of future financing efforts and general economic and market conditions impacting demand for FF’s products. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the preliminary registration statement on Form S-1 recently filed by FF and other documents filed by FF from time to time with the SEC. 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 put undue reliance on forward-looking statements, and FF does not undertake any 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211006006002/en/

For Faraday Future

Investors: ir@faradayfuture.com

Media: John Schilling

ff@finnpartners.com

Source: Faraday Future Intelligent Electric Inc.

FAQ

What is the significance of the partnership between Faraday Future and DRӒXLMAIER?

The partnership enhances the luxury interior of the FF 91, bringing it closer to market with high-quality components.

What features will the FF 91 offer through its partnership with DRӒXLMAIER?

The FF 91 will include features like iPad storage and dual inductive charging for both front and rear passengers.

How does DRӒXLMAIER contribute to Faraday Future's FF 91 vehicle?

DRӒXLMAIER will supply the front and rear center consoles, integrating innovative designs that enhance passenger experience.

When can customers reserve the FF 91?

Customers can reserve the FF 91 Futurist model now via the FF intelligent app or their official website.