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Faraday Future (FF) Announces its Sponsorship and Attendance at the 2022 Pebble Beach Concours d’Elegance®, the Pinnacle of Pebble Beach™ Automotive Week
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Rhea-AI Summary
Faraday Future (FFIE) announced its sponsorship of the 2022 Pebble Beach Concours d’Elegance, showcasing its flagship FF 91 electric vehicle from August 18-21, 2022. This marks FF's first participation in this prestigious automobile event. Attendees will have demo ride opportunities with the FF 91 Futurist, aimed at establishing a presence in the luxury automotive sector in North America. The vehicle's production is expected to commence in Q3/Q4 2022 at the Hanford, California plant, further affirming FF's commitment to advanced electric mobility.
Positive
FF 91 vehicle demo rides will enhance brand visibility and consumer engagement.
Participation at Pebble Beach aligns with FF's strategy to enter the luxury automotive market.
Production of the FF 91 is on track for Q3/Q4 2022, indicating progress in operations.
Negative
None.
FF’s flagship FF 91 EV will be available for demo rides and will make a special appearance on the Concept Lawn at the 2022 Pebble Beach Concours d’Elegance on August 21st
This is the first time FF has sponsored and attended the Pebble Beach Concours d’Elegance, the world’s premier celebration of the automobile
LOS ANGELES--(BUSINESS WIRE)--
Faraday Future Intelligent Electric Inc. (“FF”) (NASDAQ: FFIE), a California-based global shared intelligent electric mobility ecosystem company, today announced its sponsorship and attendance at the 2022 Pebble Beach Concours d’Elegance taking place from August 18-21, 2022. This premier event has been an annual gathering of rare and antique automobiles, international automotive luminaries, and motorcar enthusiasts from around the globe. This year, as one of the proud sponsors of this world-renowned event, FF will be among other notable, historic, current, and future concept vehicles from automakers from around the globe.
Faraday Future (FF) Announces its Sponsorship and Attendance at the 2022 Pebble Beach Concours d’Elegance®, the Pinnacle of Pebble Beach™ Automotive Week (Photo: Business Wire)
Attendees at the event will be able to get acquainted with a new species in the electric vehicle space, the FF 91 Futurist, the next generation of Ultimate Intelligent TechLuxury EV via a display and demo ride opportunities.
“This sponsorship and involvement by FF at Pebble Beach Concours d’Elegance demonstrates our commitment to the luxury automotive segment and continued expanded presence in the automobile culture in North America and beyond,” said Dr. Carsten Breitfeld, Global CEO of Faraday Future. “We are excited for what is to come this year as we continue to make very good progress on construction and development in our Hanford manufacturing plant and get closer to our start of production of the FF 91 later this year.”
The flagship FF 91 will be the first high-end, high-performance, luxury, intelligent EV and will reset customer expectations for both driver and passenger experience. The FF 91 was designed in the company’s headquarters in Los Angeles, engineered in Los Angeles, Silicon Valley, and China, and is being produced in the Hanford, Calif. manufacturing plant. The FF 91’s “Global DNA” reflects the talent at FF and across the globe, with support from top-tier suppliers from countries such as Italy, Germany, Japan, the Netherlands, China, Belgium, Switzerland and more. The FF 91 Futurist is planned to launch in Q3/Q4 2022.
Faraday Future is a class defining luxury electric vehicle company. The Company has pioneered numerous innovations relating to its products, technology, business model, and user ecosystem since inception in 2014. Faraday Future 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. Faraday Future’s first flagship product is the FF 91 Futurist.
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, and include (among others) statements regarding the expected timing of the launch of FF 91 and FF 81 vehicles and anticipated production capacity of the Company’s Hanford, California facility. 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 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 close on above mentioned convertible notes, raise additional convertible notes and/or other financing the failure of which could result in the Company seeking protection under the Bankruptcy Code; the Company’s ability to obtain financial viability exception or stockholder approval under Nasdaq Rule 5635 to issue all of the shares issuable upon conversion of the above mentioned convertible notes; the Company’s ability to remain in compliance with the listing requirements of The Nasdaq Stock Market LLC (“Nasdaq”) and to continue to be listed on Nasdaq; the outcome of the SEC investigation relating to the matters that were the subject of the Special Committee investigation; the implementation of the Special Committee’s actions and related internal review by the Company; 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; potential litigation involving the Company; the result of future financing efforts and general economic and market conditions impacting demand for the Company’s products; and the ability of the Company to attract and retain employees. 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 for the year ended December 31, 2021, 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.
Pebble Beach®, Pebble Beach Concours d’Elegance® and Pebble Beach™ Automotive Week are trademarks and service marks of Pebble Beach Company. Used by permission.
What is the significance of Faraday Future's participation in the 2022 Pebble Beach Concours d’Elegance?
Faraday Future's participation highlights its commitment to the luxury automotive sector and provides an opportunity for direct consumer engagement through demo rides of the FF 91.
When is the FF 91 expected to launch?
The FF 91 is expected to begin production in Q3/Q4 2022.
What is the FF 91 Futurist?
The FF 91 Futurist is Faraday Future's next-generation luxury electric vehicle aimed at providing an advanced driving experience.
Where is the FF 91 manufactured?
The FF 91 is being produced at the Hanford manufacturing plant in California.
What are the dates for the 2022 Pebble Beach Concours d’Elegance?
