Faraday Future Announces Upcoming FF 91 2.0 Deliveries, Including a B2B Co-Creation Partnership with Motev, LLC, a Leader in Luxury Sustainable Transportation, Founded by Robert Gaskill and Morgan Freeman

Rhea-AI Summary

Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) announced the upcoming deliveries of two FF 91 2.0 Futurist Alliance EV's, one to a longtime employee and the other to Motev, a leader in luxury sustainable transportation services. The agreement with Motev marks a step forward in FF's B2B business, showcasing FF's innovative resources to other companies. Motev will use the FF 91 as part of their VIP fleet operations, providing chauffeur services and creating marketing opportunities. Additionally, a longtime FF employee will take delivery of an FF 91 2.0 to drive product and technology momentum for the enhancement of FF's user experience.

• The agreement with Motev supports both companies’ missions of priority to the environment and to their users and customers.
• This agreement marks a forward step in FF’s B2B business, showcasing and opening up FF’s innovative resources to other companies.
• In addition to the Motev delivery, a longtime FF employee is also taking delivery of an FF 91 2.0 Futurist Alliance.

LOS ANGELES--(BUSINESS WIRE)-- Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) (“Faraday Future”, “FF” or “Company”), a California-based global shared intelligent electric mobility ecosystem company, today announced that it expects to deliver two more FF 91 2.0 Futurist Alliance EV’s, with one planned for tomorrow to a FF employee and the second planned for next week to Motev, a leader in sustainable luxury transportation services that currently operates a fleet of luxury vehicles in Southern California. Motev is acquiring a FF 91 2.0 Futurist Alliance to put in service as part of their VIP fleet operations. This will be the top of the line offering of FF’s ultra-luxury EV for their Southern California clientele.

Faraday Future Announces Upcoming FF 91 2.0 Deliveries, Including a B2B Co-Creation Partnership with Motev, LLC, a Leader in Luxury Sustainable Transportation, Founded by Robert Gaskill and Morgan Freeman (Photo: Business Wire)

Motev was co-founded by Robert Gaskill and Mr. Morgan Freeman. Mr. Gaskill serves as Mr. Freeman’s production driver. Their philosophy is rooted in priority to Motev’s customers, the environment, sustainability and crossed with a luxury experience. Motev will provide VIP chauffeur services with the FF 91 and create marketing opportunities through events and social media activation. Motev will jointly gather data of this exciting new offering and create a case study for FF. FF will support Motev with vehicle engineering and service team support and continue to optimize the vehicle in a Co-Creation capacity.

FF also plans to deliver an FF 91 2.0 to a long-time employee, Xiao Ma (Max), who currently serves as the Head of Product and Mobility Ecosystem, and Head of Corporate Strategy at FF. Max will be the first employee, other than the Company’s founder, joining as a “Developer Co-Creation Officer.” Max will be able to use his FF 91 2.0 to drive the product and technology momentum for the continuous enhancement of FF’s user experience and also accelerate the pace for lifecycle and generational upgrades on future products.

“We are excited to be announcing the two newest FF 91 2.0 deliveries, including a B2B partner with Motev, as it shares our philosophy of sustainability, luxury offerings and a user-first priority,” said Matthias Aydt, Global CEO of FF. “This opens a new type of Co-Creation opportunity for FF in a B2B environment. We are also happy to see one of our first employees take possession of an FF 91 2.0.”

Users can preorder an FF 91 2.0 vehicle via the FF Intelligent App or through ff.com: (English): https://www.ff.com/us/preorder/ or (Chinese): https://www.ff.com/cn/preorder/

ABOUT FARADAY FUTURE

Faraday Future is the pioneer of the Ultimate AI TechLuxury ultra spire market in the intelligent EV era, and the disruptor of the traditional ultra-luxury car civilization epitomized by Ferrari and Maybach. FF is not just an EV company, but also a software-driven intelligent internet company. Ultimately FF aims to become a User Company by offering a shared intelligent mobility ecosystem. FF remains dedicated to advancing electric vehicle technology to meet the evolving needs and preferences of users worldwide, driven by a pursuit of intelligent and AI-driven mobility.

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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 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: the Company’s ability to continue as a going concern and improve its liquidity and financial position; the Company’s ability to remediate its material weaknesses in internal control over financial reporting; risks related to the restatement of the Company’s previously issued consolidated financial statements; the Company’s limited operating history and the significant barriers to growth it faces; the Company’s history of losses and expectation of continued losses; increased operating expenses; incorrect assumptions and analyses developed by management; the market performance of the Company’s common stock; the Company ability to comply with Nasdaq listing requirements; the Company’s ability to execute on its plans to develop and market its vehicles and the timing of these development programs; 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; the Company’s ability to receive funds from, satisfy the conditions precedent of, and close on the various financings described elsewhere by the Company; the result of future financing efforts, the failure of any of which could result in the Company seeking protection under the Bankruptcy Code; the Company’s indebtedness; the Company’s ability to cover future warranty claims; insurance coverage; the outcome of the Securities and Exchange Commission (“SEC”) investigation relating to the matters that were the subject of the Special Committee investigation; the success of the Company’s remedial measures taken in response to the Special Committee findings; the Company’s dependence on its suppliers and contract manufacturers; the Company’s ability to develop and protect its technologies; the Company’s ability to protect against cybersecurity risks; general economic and market conditions impacting demand for the Company’s products; risks related to the Company’s operations in China; risks related to the Company’s stockholders who own a significant amount of the Company’s common stock; potential cost, headcount and salary reduction actions may not be sufficient or may not achieve their expected results; the ability of the Company to attract and retain directors and employees; any adverse developments in existing legal proceedings or the initiation of new legal proceedings; and volatility of the Company’s stock price. 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 Company’s Annual Report on Form 10-K/A for the year ended December 31, 2022 and Quarterly Report on Form 10-Q for the quarter ended September 30, 2023, as well as in 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/20231207899856/en/

Investors (English): ir@faradayfuture.com

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

Media: john.schilling@ff.com

Source: Faraday Future Intelligent Electric Inc.

FAQ

What did Faraday Future announce regarding upcoming deliveries?

Faraday Future announced the upcoming deliveries of two FF 91 2.0 Futurist Alliance EV's, one to a longtime employee and the other to Motev, a leader in luxury sustainable transportation services.

Who is Motev and what is their partnership with Faraday Future?

Motev is a leader in luxury sustainable transportation services. They are partnering with Faraday Future to use the FF 91 as part of their VIP fleet operations, providing chauffeur services and creating marketing opportunities.

What role will the longtime FF employee play in the company?

The employee, Xiao Ma (Max), will serve as a 'Developer Co-Creation Officer' and will use the FF 91 2.0 to drive product and technology momentum for the enhancement of FF's user experience.

How can users preorder an FF 91 2.0 vehicle?

Users can preorder an FF 91 2.0 vehicle via the FF Intelligent App or through ff.com.