Faraday Future Receives Intelligent Manufacturing Equipment from Guangzhou MINO Equipment at Its Hanford Manufacturing Facility, Setting the Stage for FF 91 Delivery in Q3 of 2022

Rhea-AI Summary

Faraday Future (NASDAQ: FFIE) has announced the receipt of advanced manufacturing equipment from Guangzhou MINO Equipment, enhancing its production capabilities for the FF 91, an innovative luxury electric vehicle. The body assembly equipment is crucial for the production line at the Hanford facility in California, with deliveries setting the stage for the upcoming launch of the FF 91, expected in Q3 2022. The partnership with MINO, a leading automotive supplier, aims to streamline manufacturing processes, marking a significant milestone for Faraday Future's operations.

Positive

• Receipt of advanced manufacturing equipment strengthens production capabilities for the FF 91.
• Partnership with a top-tier automotive supplier enhances manufacturing efficiencies.

Negative

• None.

• FF has worked closely with Guangzhou MINO Equipment to develop manufacturing equipment specific to the FF 91
• Top-tier automotive supplier of intelligent manufacturing equipment to supply FF with body assembly equipment

LOS ANGELES--(BUSINESS WIRE)-- Faraday Future Intelligent Electric Inc. (“FF”) (NASDAQ: FFIE), a California-based global shared intelligent electric mobility ecosystem company, today announced the arrival of intelligent manufacturing equipment from Guangzhou MINO Equipment Co., Ltd., a top-tier automotive supplier offering advanced manufacturing solutions. Included in the shipment is critical equipment for the body assembly production line of the ultimate intelligent techluxury FF 91.

Faraday Future Receives Intelligent Manufacturing Equipment from Guangzhou MINO Equipment at Its Hanford Manufacturing Facility, Setting the Stage for FF 91 Delivery in Q3 of 2022 (Photo: Business Wire)

“Guangzhou MINO Equipment has been deeply involved with the FF 91 program since the vehicle’s inception and helped to create an efficient and reliable intelligent manufacturing solution for the FF 91,” said Matt Tall, Vice President of Manufacturing at Faraday Future. “MINO is a supplier to many top automotive OEMs, and we’re excited to have them as a partner as we introduce a vehicle that will redefine the luxury EV segment.”

Guangzhou MINO Equipment Co., Ltd. was incorporated in 2008. MINO’s main product lines include Body In White (BIW) automatic welding lines, power-train and new energy manufacturing equipment, electrical automation and robotics application integration and services.

“We’re excited to partner with Faraday Future to develop advanced manufacturing equipment for its plant in Hanford, California,” said Rey Hsu, PhD, CEO MINO USA. “It’s an honor to play a role in bringing the FF 91 to production and to help build the future of the EV industry.”

Click the link to see a short video of the delivery of the intelligent manufacturing equipment from Guangzhou MINO: Manufacturing Equipment Delivery.

The FF 91 Futurist Alliance Edition and FF 91 Futurist models represent the next generation of intelligent techluxury EVs. They are high-performance EVs that allow users to experience a luxurious, high-tech third internet living space beyond their home and office.

Next week, FF will unveil the first production-intent FF 91 at its plant in Hanford, Calif. This achievement marks production Milestone #4 – production intent builds for final engineering validation and certification. To see the unveil, join the livestream at on Wednesday, February 23 at 4:00 p.m. PST at ev.ff.com/Livestream.

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 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

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.

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http://appdownload.ff.com
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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 Faraday Future’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 implementation of the Special Committee’s actions and related internal review by Faraday Future; Faraday Future’s ability to file the Q3 Form 10-Q before the time period specified in the Nasdaq delinquency letter and its ability to regain compliance with the Nasdaq continued listing standards; Faraday Future’s ability to execute on its plans to develop and market its vehicles and the timing of these development programs; Faraday Future’s estimates of the size of the markets for its vehicles and costs to bring its vehicles to market; the rate and degree of market acceptance of Faraday Future’s vehicles; the success of other competing manufacturers; the performance and security of Faraday Future’s vehicles; potential litigation involving Faraday Future; the result of future financing efforts and general economic and market conditions impacting demand for Faraday Future’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 recently filed by Faraday Future and other documents filed by Faraday Future 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 Faraday Future 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/20220217005873/en/

For Faraday Future

Investors: ir@faradayfuture.com

John Schilling

Media: john.schilling@ff.com

Tim Gilman

Media: tim.gilman@ff.com

Source: Faraday Future Intelligent Electric Inc.

FAQ

What is the significance of the equipment received by Faraday Future?

The equipment enhances Faraday Future's production capabilities for the FF 91 electric vehicle.

When is the FF 91 expected to be delivered?

The FF 91 is expected to be delivered in Q3 2022.

Who is supplying the manufacturing equipment for Faraday Future?

The equipment is supplied by Guangzhou MINO Equipment, a top-tier automotive supplier.

What role does Guangzhou MINO play in the FF 91 production?

Guangzhou MINO Equipment has collaborated on developing efficient manufacturing solutions for the FF 91.

What are the key models introduced by Faraday Future?

The key models include the FF 91 Futurist Alliance Edition and FF 91 Futurist.