Faraday Future Selects Innovusion as LiDAR supplier for Flagship FF 91 Futurist Luxury Electric Vehicle

Rhea-AI Summary

Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) announced its partnership with Innovusion to integrate the Falcon LiDAR system into the FF 91 Futurist. This system enhances real-time 3D vision, improving safety and reliability under various weather conditions. With detection capabilities up to 1,600 feet for vehicles and 650 feet for pedestrians, it supports advanced driver assistance features. The FF 91 Futurist boasts impressive performance with 1,050 horsepower and 381 miles of range, showcasing the company's commitment to innovative and luxurious electric mobility.

Positive

• Integration of Innovusion's Falcon LiDAR enhances safety and reliability.
• Detection range of 1,600 feet improves autonomous driving capabilities.
• FF 91 Futurist offers 1,050 horsepower and 381 miles of range.

Negative

• None.

• Innovusion’s Falcon LiDAR system is intended to seamlessly integrate into the FF 91 Futurist to deliver additional real-time 3D vision, even in adverse weather conditions or the darkest of nights, providing a safer and more reliable driving experience.
• System is designed to provide a suite of driver assistance features that will help FF deliver innovative levels of safety, driver comfort and convenience in the FF 91 Futurist.

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 selection of Innovusion’s Falcon LiDAR to power the FF 91’s autonomous driving system. The system is intended to seamlessly integrate into the FF 91 Futurist to deliver additional real-time 3D vision, even in adverse weather conditions or the darkest of nights, providing a safer and more reliable driving experience.

Faraday Future Selects Innovusion as LiDAR supplier for Flagship FF 91 Futurist Luxury Electric Vehicle (Photo: Business Wire)

Innovusion’s Falcon LiDAR is designed to give the FF 91 Futurist unprecedented insight into the environment far in front of the car. Enabled by Falcon’s long-distance capability and high angular resolution, other vehicles in the FF91’s path can be detected up to 1,600 feet away (over five football fields), and even pedestrians and small road debris can be detected over 650 feet away.

“Innovusion is a leader in high-resolution, ultra-long-distance, laser-based automotive sensors. Incorporating this advanced LiDAR technology into the FF 91 is very exciting and supports our efforts to deliver the uniquely positioned FF 91 to the market,” said Hong Rao, vice president, IAI at Faraday Future. “The FF 91 Futurist will embrace the latest technologies to employ driver assistance features that help us achieve new levels of safety, driver comfort, and convenience.

Falcon’s advanced vision capabilities assimilate uninterrupted full field-of-view and high-resolution data collection, enabling superior visibility and improved safety in complex road conditions. Leveraging 1550nm laser technology, Falcon can cope with challenging weather and environmental conditions. Rain, snow, in the dark of night, or on the sunniest of days, the forecast provides consistent, real-time precision.

FF 91 Futurist’s propulsion architecture was designed to achieve unmatched levels of performance and efficiency, complete with 381 miles of range. The system produces 1,050 horsepower and accelerates the car from zero to 60 mph in less than 3 seconds. FF 91 Futurist’s EV range is based on a vehicle that is fully equipped, with ample power, 22-inch wheels, loaded with technology, luxurious interior space, and features that set it apart from all others. FF has tested and developed this car to offer the user a smart device on wheels with luxury, technology, performance, and superb emission-free EV range.

The FF 91 Futurist was designed in the company’s headquarters in Los Angeles, engineered in Los Angeles, Silicon Valley, and China, and is currently in production-intent phase at the FF ieFactory California. The FF 91 Futurist “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.

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

Download the new FF Intelligent App (English): https://apps.apple.com/us/app/id1454187098 or https://play.google.com/store/apps/details?id=com.faradayfuture.online, (Chinese): http://appdownload.ff.com.

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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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 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 satisfy the conditions precedent and close on the various financings previously disclosed by the Company, the failure of any which could result in the Company seeking protection under the Bankruptcy Code; the Company’s ability to amend its certificate of incorporation to permit sufficient authorized shares to be issued in connection with the Company’s existing and contemplated financings; the ability of the Company to agree on definitive documents to effectuate the governance changes with FF Top; the Company’s ability to remain in compliance with its public filing requirements under the Securities Exchange Act of 1934, as amended, and 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 and other litigation involving 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; recent cost, headcount and salary reduction actions may not be sufficient or may not achieve their expected results; and the ability of the Company to attract and retain directors and 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 registration statement on Form S-1/A filed on November 8, 2022, 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221207005910/en/

Investors (English): ir@faradayfuture.com

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

John Schilling

Media: john.schilling@ff.com

Source: Faraday Future Intelligent Electric Inc.

FAQ

What is the purpose of the Falcon LiDAR system in the FF 91 Futurist?

The Falcon LiDAR system enhances real-time 3D vision, improving safety and reliability in adverse weather conditions for the FF 91 Futurist.

What are the key features of the FF 91 Futurist?

The FF 91 Futurist features 1,050 horsepower, a range of 381 miles, and advanced driver assistance technologies powered by the Falcon LiDAR system.

Who is partnering with Faraday Future to enhance the FF 91 Futurist?

Faraday Future has partnered with Innovusion to integrate the advanced Falcon LiDAR system into the FF 91 Futurist.

How far can the Falcon LiDAR system detect other vehicles?

The Falcon LiDAR system can detect vehicles up to 1,600 feet away.