Faraday Future’s FX Subsidiary Appoints Xiao (Max) Ma Global CEO of Faraday X
Faraday Future (Nasdaq: FFIE) has appointed Xiao (Max) Ma as Global CEO of its subsidiary Faraday X aiEV. Ma, a founding team member, will maintain his roles as Head of Product & Mobility Ecosystem and Head of Corporate Strategy while reporting to FF Global CEO Matthias Aydt and Founder YT Jia. The company has secured four Chinese OEM partnerships through two strategic framework agreements and two memoranda of understanding. FX plans to launch two models: the FX 5 ($20,000-$30,000) and FX 6 ($30,000-$50,000), both offering range-extended and battery-electric AIEV powertrains, with targeted production by end of 2025, subject to funding.
Faraday Future (Nasdaq: FFIE) ha nominato Xiao (Max) Ma come CEO globale della sua consociata Faraday X aiEV. Ma, membro del team fondatore, manterrà i suoi ruoli di Responsabile del Prodotto e dell'Ecosistema della Mobilità e Direttore della Strategia Aziendale, riportando al CEO globale di FF, Matthias Aydt, e al Fondatore YT Jia. L'azienda ha assicurato quattro partnership con OEM cinesi attraverso due accordi quadro strategici e due memorandum di intesa. FX prevede di lanciare due modelli: l'FX 5 (20.000-30.000 dollari) e l'FX 6 (30.000-50.000 dollari), entrambi dotati di powertrain AIEV estesi in autonomia e elettrici a batteria, con produzione prevista entro la fine del 2025, soggetta a finanziamenti.
Faraday Future (Nasdaq: FFIE) ha nombrado a Xiao (Max) Ma como CEO Global de su filial Faraday X aiEV. Ma, miembro del equipo fundador, mantendrá sus roles como Jefe de Producto y Ecosistema de Movilidad y Jefe de Estrategia Corporativa, reportando al CEO Global de FF, Matthias Aydt y al Fundador YT Jia. La compañía ha asegurado cuatro asociaciones con OEM chinos a través de dos acuerdos marco estratégicos y dos memorandos de entendimiento. FX planea lanzar dos modelos: el FX 5 (20,000-30,000 dólares) y el FX 6 (30,000-50,000 dólares), ambos ofreciendo trenes motrices AIEV de autonomía extendida y eléctricos de batería, con producción programada para finales de 2025, sujeta a financiación.
파라데이 퓨처 (Nasdaq: FFIE)가 자회사 파라데이 X aiEV의 글로벌 CEO로 샤오 (맥스) 마를 임명했습니다. 마는 창립 팀의 일원으로서 제품 및 이동 생태계 책임자, 기업 전략 책임자의 역할을 계속 유지하며 FF 글로벌 CEO 매티아스 아이드트와 창립자 YT 지아에게 보고할 것입니다. 이 회사는 두 가지 전략적 프레임워크 계약과 두 개의 양해각서를 통해 중국 OEM과의 네 건의 파트너십을 확보했습니다. FX는 두 모델을 출시할 계획입니다: FX 5 (20,000-30,000 달러)와 FX 6 (30,000-50,000 달러)로, 둘 다 범위 연장 및 배터리 전기 AIEV 파워트레인을 제공하며 2025년 말까지 생산을 목표로 하고 있습니다. 단, 자금 조달에 따라 달라질 수 있습니다.
Faraday Future (Nasdaq: FFIE) a nommé Xiao (Max) Ma en tant que PDG mondial de sa filiale Faraday X aiEV. Ma, membre de l'équipe fondatrice, continuera de remplir ses fonctions de responsable produit et écosystème de mobilité, ainsi que de responsable de la stratégie d'entreprise, tout en faisant rapport au PDG mondial de FF, Matthias Aydt, et au fondateur YT Jia. La société a sécurisé quatre partenariats avec des OEM chinois à travers deux accords cadre stratégiques et deux mémorandums d'entente. FX prévoit de lancer deux modèles : le FX 5 (20 000-30 000 dollars) et le FX 6 (30 000-50 000 dollars), tous deux offrant des groupes motopropulseurs AIEV à autonomie étendue et électriques à batterie, avec une production prévue d'ici fin 2025, sous réserve de financement.
Faraday Future (Nasdaq: FFIE) hat Xiao (Max) Ma zum globalen CEO seiner Tochtergesellschaft Faraday X aiEV ernannt. Ma, ein Gründungsmitglied des Teams, wird seine Rollen als Leiter des Produkts & Mobilitätsökosystems sowie Leiter der Unternehmensstrategie beibehalten und an den globalen CEO von FF, Matthias Aydt, und den Gründer YT Jia berichten. Das Unternehmen hat vier Partnerschaften mit chinesischen OEMs durch zwei strategische Rahmenvereinbarungen und zwei Absichtserklärungen gesichert. FX plant, zwei Modelle auf den Markt zu bringen: das FX 5 (20.000-30.000 US-Dollar) und das FX 6 (30.000-50.000 US-Dollar), die beide Reichweitenverlängerung und batterielektrische AIEV-Antriebe bieten, mit geplanter Produktion bis Ende 2025, vorbehaltlich der Finanzierung.
- Established partnerships with four Chinese OEMs
- Planning affordable vehicle models in $20,000-$50,000 range
- Appointed experienced internal leader with decade-long company tenure
- Production timeline contingent on securing additional funding
- Still in early development phase with no current production
- Max Will be Responsible for Executing the FX Strategy and Driving the Success of the New Brand.
- FF and FX Have Established Relationships with Four Chinese OEMs, Having Already Entered into Two Strategic Framework Agreements and Two Memoranda of Understanding.
Faraday Future’s FX Subsidiary Appoints Xiao (Max) Ma Global CEO of Faraday X. (Photo: Business Wire)
Following the September 19 launch event for the FX brand, FX has made new significant progress, this is an integral part of the Company's Global Automotive Industry Bridge Strategy. The Company has entered into two strategic framework agreements and two memoranda of understanding, with a goal of promoting range-extended AIEV in the
Max has been with FF for nearly a decade, playing a pivotal role throughout various stages of the Company’s growth, including guiding FF through challenging periods and financial hurdles. His expertise in corporate strategy, as well as his experience in P&ME, has provided him with a thorough understanding of both FF’s overarching strategic goals and FX’s mission to collaborate with global suppliers in creating cost-effective, high-quality products. This combination of experience uniquely positions Max to lead FX through this important phase of development.
Max’s deep industry knowledge, coupled with his strong sense of responsibility and accountability, has earned him the trust of key stakeholders, particularly in
“The appointment of Max as FX CEO lays the foundation for FX’s organizational structure and as one of the earliest and core drivers of the FX project, he has made tremendous contributions to breaking ground and advancing the FX initiative,” said Matthias Aydt, Global CEO of Faraday Future. “His appointment will inspire him to make even greater contributions, and we anticipate that, under his leadership, the organizational structure of FX will accelerate.”
The first planned FX models, the FX 5 (targeted price range of
The FX brand has also begun hiring for key positions. Job openings for FX include Production Planning Director, Quality Planning Director, Head of FX Vehicle Engineering, and Head of FX EV R&D. If you are interested in exploring career opportunities with FX to help manifest the Company’s next generation of mobility AIEV products, we encourage you to visit our career page at https://www.ff.com/us/careers/.
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.
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, which include statements regarding the Company’s second brand (FX), 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 Company’s ability to secure the necessary funding to execute on the FX strategy, which will be substantial; the Company’s ability to secure agreements with OEMs that are necessary to execute on the FX strategy; the Company’s ability to continue as a going concern and improve its liquidity and financial position; the Company’s ability to pay its outstanding obligations; the Company's ability to remediate its material weaknesses in internal control over financial reporting and the risks related to the restatement of 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; the success of the Company’s payroll expense reduction plan; 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 Company’s ability to cover future warranty claims; the success of other competing manufacturers; the performance and security of the Company’s vehicles; current and potential litigation involving the Company; 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; the Company’s ability to use its “at-the-market” program; insurance coverage; general economic and market conditions impacting demand for the Company’s products; potential negative impacts of a reverse stock split; potential cost, headcount and salary reduction actions may not be sufficient or may not achieve their expected results; circumstances outside of the Company's control, such as natural disasters, climate change, health epidemics and pandemics, terrorist attacks, and civil unrest; risks related to the Company's operations in
View source version on businesswire.com: https://www.businesswire.com/news/home/20241110853462/en/
Investors (English): ir@faradayfuture.com
Investors (Chinese): cn-ir@faradayfuture.com
Media: john.schilling@ff.com
Source: Faraday Future Intelligent Electric Inc.
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