Faraday Future China Welcomes Senior Vice President of Supply Chain Liu Yuchao

Rhea-AI Summary

Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) has appointed Liu Yuchao as the new Senior Vice President of Supply Chain in China. With over 16 years of experience in the automotive industry, Liu aims to enhance the mass production and delivery of the FF 91 vehicle. He will oversee supply chain operations, reporting to the CEO of FF China and the Global Supply Chain Head. FF is currently ramping up hiring at its Hanford, CA manufacturing facility to support FF 91's production. Reservations for the FF 91 Futurist model can be made via the FF app or website.

Positive

• Liu Yuchao's appointment is expected to accelerate the mass production and delivery of the FF 91.
• FF is actively recruiting to bolster its operations in anticipation of increased production.

Negative

• None.

Liu Yuchao Brings 16 Years of Management Experience in the Automotive Industry to Promote Mass Production and Delivery for FF 91

LOS ANGELES--(BUSINESS WIRE)-- Faraday Future Intelligent Electric Inc. (“FF”) (NASDAQ: FFIE), a California-based global shared intelligent mobility ecosystem company, today announced its new FF China Senior Vice President of Supply Chain, Liu Yuchao. FF is now in the critical period of FF 91 delivery preparations, and Liu Yuchao’s joining will help FF take a solid step forward in promoting the production and delivery of FF’s ultimate intelligent techluxury flagship FF 91. Liu Yuchao will be fully responsible for FF China's Supply Chain, reporting to FF China CEO Chen Xuefeng and Global Supply Chain Head in the U.S. Benedikt Hartmann.

Liu Yuchao - Faraday Future (Photo: Business Wire)

"It is a great honor to join Faraday Future, which is a very competitive company with big dreams," Liu Yuchao said. "I’m looking forward to opening a new chapter of my career at FF. I know that my experience in the supply chain field can help accelerate the mass production and delivery of the FF 91 in the China market."

Prior to joining FF, Liu Yuchao served as Project Manager, Operations Director, Vice President of Procurement and Vice President of Operations at Chang’an-Ford-Mazda, Chery Jaguar Land Rover and Ford Motor China. He has more than 16 years of industry experience in supply chain management, procurement strategy, cost control, EV operations and related areas. Liu Yuchao graduated from Nanjing University of Technology and obtained a master's degree in engineering from Wuhan University of Technology.

FF is recruiting executives and employees worldwide to ensure the mass production and delivery of FF 91. The company is currently ramping up hiring efforts for the Hanford, CA manufacturing facility and expects to continue to increase hiring there in the coming months. Top-level positions are being recruited now in vehicle assembly, paint, body and propulsion assembly. FF China has also started recruiting jobs including artificial intelligence, car networking, and marketing.

For specific recruitment information, please check www.ff.com/us/careers. Potential candidates should check the website often, as new positions are announced frequently.

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 tech luxury 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.

FOLLOW FARADAY FUTURE:

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http://appdownload.ff.com
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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 filed by Faraday Future Intelligent Electric Inc. 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/20210902005287/en/

For Faraday Future

John Schilling

Investors: ir@faradayfuture.com

Media: ff@finnpartners.com

Source: Faraday Future Intelligent Electric Inc.

FAQ

Who is the new Senior Vice President of Supply Chain at Faraday Future?

Liu Yuchao is the newly appointed Senior Vice President of Supply Chain at Faraday Future.

What is Liu Yuchao's experience in the automotive industry?

Liu Yuchao brings over 16 years of management experience in the automotive sector, having worked with major companies like Ford and Chery Jaguar Land Rover.

What does Liu Yuchao aim to achieve at FFIE?

Liu Yuchao aims to enhance mass production and delivery of the FF 91 vehicle in the China market.

What is the current hiring status at Faraday Future?

Faraday Future is ramping up hiring at its Hanford, CA facility to support FF 91 production.

How can I reserve an FF 91 Futurist model?

Reservations for the FF 91 Futurist can be made via the FF intelligent APP or the official FF website.