Faraday Future Announces Second Group of FF 91 Spire Users and Developer Co-Creation Officers, Featuring World Champion Derek Bell, and Launches the Thrilling 'FF All-Hyper Global Racetrack Conqueror Plan'

Rhea-AI Summary

Faraday Future announces the addition of Derek Bell and Kelvin Sherman to the second group of spire users and Developer Co-Creation Officers. They join the launch of the FF All-Hyper Global Racetrack Conqueror Plan.

Positive

• Derek Bell, a five-time Le Mans 24 hours race winner and Hall of Fame World champion racer, joins Faraday Future as a Developer Co-Creation Officer. Kelvin Sherman, a Hollywood agent with connections to A-list celebrities, joins as a spire user and Developer Co-Creation Officer. The launch of the FF All-Hyper Global Racetrack Conqueror Plan is expected to promote advancements in FF's technology and capabilities.

Negative

• None.

• FF hosts Developer Co-Creation Night at Pebble Beach during Monterey Car Week where legendary racer Derek Bell joins the second group of FF 91 spire users and becomes an FF Developer Co-Creator.
• FF welcomes Hollywood agent Kelvin Sherman, a crossover agent across acting, music, modelling and more to the second batch of spire users and announces him as FF Developer Co-Creation Officer
• World champion race car driver Justin Bell joins the second group of FF 91 spire users and becomes FF Developer Co-Creation Officer.
• FF joins three FF 91 users and FF Developer Co-Creation Officers to launch the Company’s new "FF All-Hyper Global Racetrack Conqueror Plan."

MONTEREY, Calif.--(BUSINESS WIRE)-- Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) ("Faraday Future," "FF" or the "Company"), the California-based global shared intelligent electric mobility ecosystem company, today announced two individuals who will join the second group of spire users and Developer Co-Creation Officers - Derek Bell, a five-time Le Mans 24 hours race winner and Hall of Fame World champion racer, and Kelvin Sherman, a Hollywood agent whose practice spans across acting, music and modeling. They along with the Company officially launched the FF All-Hyper Global Racetrack Conqueror Plan at Pebble Beach, along with the recently announced second batch of spire users and Developer Co-Creation Officer Justin Bell.

FF hosts Developer Co-Creation Night at Pebble Beach during Monterey Car Week where legendary racer Derek Bell, Dustin Bell, and a dynamic celebrity partner Kelvin Sherman join the second group of FF 91 spire users and becomes an FF Developer Co-Creator. (Photo: Business Wire)

Derek Bell MBE has enjoyed one of the most successful, diverse and wide-ranging racing careers of any international racing drivers which spans over 40 years. Bell is best-known as the consummate endurance sports car driver who won the Le Mans 24 Hours five times, the Daytona 24 Hours three times and the World Sports Car Champion twice! He is considered to be the greatest British racing driver ever to compete in endurance racing. His sports car racing career spans the Ferrari 512 and Porsche 917, the Gulf-Mirage era, Renault’s turbo effort at Le Mans, the Porsche 936, Porsche 956 and 962, the Kremer Porsche K8, the Ferrari 333 SP, and the McLaren F1. The latter earned him yet another Le Mans podium alongside his son Justin Bell in 1995 – a very proud moment for the father and son.

Kelvin Sherman, a dynamic celebrity partner, boasts an impressive track record collaborating with a roster of A-list notables including Justin Bieber, Kendall Jenner, Kanye West, Trippie Red, Lil Durk and many more. Co-founding Apollo Management Group has been a pivotal achievement, notably marked by the seamless integration of the FF 91 2.0 Futurist Alliance into the project alongside superstar Travis Scott. With a strong presence spanning from Miami, NYC, and Los Angeles, Apollo has strategically positioned itself to cater to FF's target markets, helping to solidify the foundation for expansive growth.

Renowned for his extensive connections within show business, Kelvin possesses a distinct knack for fostering collaborations. His commitment to bridging FF with the upper echelon and his dedication to establishing FF partners for our co-creation program is propelling our influence to new heights.

Kelvin's daily journey will unfold behind the wheel of the FF 91, while he embodies the epitome of luxury and innovation. As he navigates through a calendar brimming with exclusive events that unite celebrities and culture, he will orchestrate captivating introductions and will showcase FF 91 2.0 vehicle's allure to discerning luxury car enthusiasts.

Kelvin and Apollo will join FF on this exhilarating venture as he spearheads and embraces a mutual exchange of inspiration, propelling FF 91 into the spotlight and forging enduring connections within the realm of luxury and celebrity.

“It's very exciting to have Hall of Fame World Champion racer Derek Bell and top Hollywood crossover star agent Kelvin Sherman as new FF spire users and Developer Co-Creators,” said XF Chen, FF Global CEO. “I would also like to give special thanks to legendary driver and racing commentator Justin Bell for becoming an FF spire user and FF Developer Co-Creator Officer as well.”

At the FF Developer Co-Creation Night held in Pebble Beach, the Company was joined by, Derek, Justin and Kelvin, and announced that the Company would be launching the exciting new FF All-Hyper Global Racetrack Conqueror Plan. The Company expects to work with an expanding community of Developer Co-Creation Officers, a group of top-notch industry experts, and through their deep participation in this program, promote the iterations and upgrade of the “FF aiHyper 6X4 Architecture 2.0” and “All-Ability aiHyperCar” and contribute to the continuous advancements of all Hyper capabilities, including propulsion Hyper, handling Hyper and AI Hyper. The “FF All Hyper Global Racetrack Conqueror Plan” is an ultimate race tailored for the production version of All-Ability aiHypercars. We will explain the rules of the “FF All Hyper Global Racetrack Conqueror Plan” in detail on our next FF Developer Co-Creation Track Day.

The Company’s Co-Creation determines the extent and depth to which the four trends can profoundly impact the evolution of “Ultimate AI TechLuxury” products and technology in the AI EV era. With the goal of continuous upgrades and evolutions of FF's disruptive technology, FF has officially launched the online recruitment campaign for global Developer Co-Creation Officers. At the same time, we're preparing to introduce the “FF All Hyper Global Racetrack Conqueror Plan.”

“Let’s join Derek, Justin, Kelvin and the other top talents across various industries within our expanding community of Developer Co-Creation Officers,” said YT Jia, FF’s founder and CPUO. “Together, we are set to conquer the world’s most famous racetracks one by one - Nürburgring Nordschleife, Le Mans, Silverstone, Indianapolis Motor Speedway, and all the others. We plan to race to set and reset new records for the ‘Ultimate AI TechLuxury’ production EVs. I have confidence that our FF 91 will craft yet another enduring legendary story on the racing circuit. A concurrent goal is to establish FF as a pioneer and leader of the ‘Ultimate AI TechLuxury’ ultra spire market in the AI EV era.”

FF Global Developer Co-Creation Officers can deeply participate in FF Co-Creation business models and co-shared technology platforms, have early access to “Ultimate AI TechLuxury” products, involve in product upgrades and technology improvement projects, and achieve value co-creation and benefit co-sharing. Each FF Developer Co-Creation Officer becomes a direct catalyst for industry transformation. All FF 91 2.0 Futurist Alliance vehicles scheduled for production this year will be exclusively offered to FF Developer Co-Creation Officers.

Online registration for FF Developer Co-Creation Officers is now available on the FF App and FF.com. Candidates will be admitted based on referrals from pre-order users or Developer Co-Creation Officers subject to approval from FF. The Developer Co-Creation Officer recruitment platform can be accessed here: http://app-us.ff.com/ff-v3/news/551?lang=en-US

The Company will post the full video of the Developer Co-Creation Festival at 6:00PM PST on 08/20.

Users can preorder an FF 91 vehicle via the FF Intelligent App or through our website (English): https://www.ff.com/us/preorder/ or (Chinese): https://www.ff.com/cn/preorder/

Download the new FF Intelligent App: https://www.ff.com/us/mobile-app/.

ABOUT FARADAY FUTURE

FF is the pioneer of the Ultimate Intelligent TechLuxury ultra spire market in the intelligent EV era, and a disruptor of the traditional ultra-luxury car industry. FF is not just an EV company, but also a software-driven company of intelligent internet AI product.

FOLLOW FARADAY FUTURE:

https://www.ff.com/
https://www.ff.com/us/mobile-app/
https://twitter.com/FaradayFuture
https://www.facebook.com/faradayfuture/
https://www.instagram.com/faradayfuture/
www.linkedin.com/company/faradayfuture/

FORWARD LOOKING STATEMENTS

This press release “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 Company’s ability to meet its future production and delivery plan, the success of the Developer Co-Creator program, the consummation of the reverse stock split and the authorized share cap, 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 Board setting the exact stock split ratio, if at all, the Board of approving the filing of an amendment to the Second Amended and Restated Certificate of Incorporation, as amended, decreasing the amount of authorized shares of common stock, if at all, the Company’s ability to execute on its plans to develop and market its vehicles and the timing of these development programs (including timely receipt of parts and satisfactory safety testing); the Company’s estimates of the size of the markets for its vehicles and cost to bring those vehicles to market; the rate and degree of market acceptance of the Company’s vehicles; the success of other competing manufacturers; the performance and security of the Company’s vehicles; potential litigation involving the Company; the result of future financing efforts and general economic and market conditions impacting demand for the Company’s products; potential cost, headcount and salary reduction actions may not be sufficient or may not achieve their expected results; and the ability of the Company to attract and retain employees, any adverse developments in existing legal proceedings or the initiation of new legal proceedings, and volatility of the Company’s stock price. 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-Q filed with the Securities and Exchange Commission (“SEC”) on May 12, 2023, the “Risk Factors” section of the Company’s Annual Report on Form 10-K filed with the SEC on March 9, 2023, and other documents filed by the Company 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 the Company 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/20230818172630/en/

Investors (English): ir@faradayfuture.com

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

Media: john.schilling@ff.com

Source: Faraday Future Intelligent Electric Inc.

FAQ

Who are the new additions to Faraday Future's spire users and Developer Co-Creation Officers?

Derek Bell, a five-time Le Mans 24 hours race winner and Hall of Fame World champion racer, and Kelvin Sherman, a Hollywood agent with connections to A-list celebrities.

What is the FF All-Hyper Global Racetrack Conqueror Plan?

It is a race tailored for the production version of All-Ability aiHypercars, aimed at promoting advancements in FF's technology and capabilities.

How can one become a Developer Co-Creation Officer?

Candidates can be admitted based on referrals from pre-order users or existing Developer Co-Creation Officers, subject to approval from FF.