Faraday Future Announces First Two FX 6 Camouflaged Prototype Mules Set to Depart Shanghai Today with Arrival into the Los Angeles Area in Mid-March

Rhea-AI Summary

Faraday Future (NASDAQ: FFIE) announced that its first two FX 6 camouflaged prototype mules are departing Shanghai for Los Angeles, with expected arrival at Long Beach port in mid-March. The FX 6 is part of the company's FX product line, which aims to target the mass market segment with three planned models.

Upon arrival in Los Angeles, the prototypes will undergo extensive testing and validation, including ADAS and autonomous driving validation, powertrain and performance optimization, and intelligent cabin and user experience refinement. The FX brand represents FF's strategy to deliver Advanced Intelligent Electric Vehicles (AIEVs) to a mass-market audience.

Positive

• Development of mass-market vehicle line progressing with working prototypes
• Expansion into more affordable market segment beyond luxury vehicles

Negative

• Products still in early development phase with no immediate revenue generation
• Timeline for actual production and sales not specified

LOS ANGELES--(BUSINESS WIRE)-- Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) (“FF”, “Faraday Future”, or the “Company”), a California-based global shared intelligent electric mobility ecosystem company, today announced that its first two FX 6 camouflaged prototype mules are set to leave Shanghai this week, enroute to the Company’s U.S. headquarters in Los Angeles. The FX brand will target the mass market segment with three planned models. The two prototype mules are expected to arrive at the Long Beach port in mid-March.

Faraday Future Announces First Two FX 6 Camouflaged Prototype Mules Set to Depart Shanghai Today with Arrival into the Los Angeles Area in Mid-March. (Photo: Business Wire)

The FX 6 concept is part of FF’s broader FX product strategy aimed at delivering Advanced Intelligent Electric Vehicles (AIEVs) to a mass-market audience. The camouflaged prototype mules will undergo further testing and validation in the U.S., ensuring that they meet FF’s high standards for performance, technology, and user experience.

Once the FX 6 camouflaged prototype mules arrive in Los Angeles, the FX team will conduct extensive evaluations, including ADAS and autonomous driving validation, powertrain and performance optimization, and intelligent cabin and user experience refinement.

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 FF91, 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 FF91, 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 a the planned FX 6, 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 6 vehicles in the U.S., the Middle East, or elsewhere, none of which have been secured; the Company's ability to homologate the FX 6 for sale in the U.S., the Middle East, or elsewhere; and the Company's ability to secure necessary permits at its Hanford, CA production facility. 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/20250227895607/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's FX 6 prototype mules arrive in Los Angeles?

The FX 6 prototype mules are expected to arrive at the Long Beach port in mid-March after departing from Shanghai.

What testing will FFIE conduct on the FX 6 prototypes in Los Angeles?

FFIE will conduct ADAS and autonomous driving validation, powertrain and performance optimization, and intelligent cabin and user experience refinement.

How many models are planned for Faraday Future's FX product line?

The FX product line will include three planned models targeting the mass market segment.

What market segment is Faraday Future targeting with the FX 6?

The FX 6 is part of FF's strategy to target the mass market segment with Advanced Intelligent Electric Vehicles (AIEVs).