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Faraday Future to Host EV Industry Veterans Munro & Associates to Help in the Co-Creation of its FF 91 Futurist Flagship Vehicle
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Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) has partnered with Munro & Associates to enhance the production-readiness of its flagship vehicle, the FF 91 Futurist. This collaboration will include hands-on experiences and comparative analysis against the ultra-luxury market. Munro, renowned for quality assessments of over 100 vehicles, aims to drive efficiencies in FF's manufacturing processes. CEO Carsten Breitfeld expressed excitement about Munro's expertise, which will assist in refining FF's innovative electric vehicle offerings.
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Munro & Associates becomes Co-creation consultant to FF and assist with the production-readiness process of Faraday Future’s flagship vehicle through comparative analysis and quality assessment.
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 upcoming work with Munro & Associates, Inc., a world class engineering and manufacturing consulting firm, who will help to evaluate and co-create Faraday Future’s flagship vehicle, the FF 91 Futurist.
Over the next year, Faraday Future will host Munro & Associates at the Faraday Future headquarters and offer hands-on experiences with the intelligent techluxury FF 91 and create independent comparative analysis against the current ultra-luxury market. Having performed quality assessments for over 100 vehicles in the past decade, the Munro team will provide valuable feedback and outside perspective on Faraday’s flagship offering.
“We are excited to work with Munro & Associates, who has a tremendous amount of experience in the electric vehicle space and has a highly respected reputation within the industry,” said Faraday Future Global CEO Carsten Breitfeld. “We are grateful to be on the right track in our production of the FF 91 Futurist and to have the support and opportunity to co-create our products and technologies with this esteemed firm.”
For over 30 years, Munro & Associates has helped within manufacturing industries such as aerospace, defense, automotive, marine, medical, heavy industries, MTDM, consumer electronics and more. They have a successful track record of assisting companies to reduce their “time to market,” research and development, engineering and manufacturing costs while increasing the quality of the companies’ products, processes and systems. Munro & Associates is led by Sandy Munro who has provided even-handed assessments for every go-to market EV since 1991. He is an engineer by trade, a frequent speaker, senior advisor, and influencer with a strong presence on social media.
“We’re looking forward to being a part of history, and joining the process to help co-create the cutting-edge FF 91 Futurist vehicle with Faraday Future,” said Corey Stueben, President of Munro & Associates. “We’re confident that our expertise and assessments will help drive forward Faraday Future’s progress.”
Working with Munro & Associates is an important next step in bringing the FF 91 Futurist to market and understanding where it will compare within the EV and automotive industry. The FF 91 Futurist Alliance and FF 91 Futurist models represent the next generation of intelligent internet electric vehicle (EV) products. They are high-performance EVs, all-in-one all cars, and ultimate robotic vehicles, allowing users to “gain back their time” in the third internet living space. The models also encompass extreme technology, an ultimate user experience and a complete ecosystem.
Established in May 2014, FF is a global shared intelligent electric 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 techluxury 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.
ABOUT MUNRO & ASSOCIATES, INC.
Founded in 1988, Munro & Associates Inc. is a world class engineering and manufacturing consulting firm based at a 47,000 sq. ft. headquarters and benchmarking center in Auburn Hills, Mich. With offices in Canada, Europe, Australia and Asia, the firm specializes in upfront, predictive methods to increase profitability by improving quality, reliability and value, while reducing total lifecycle costs.
Munro's unique Lean Design® methodology enables engineers to build accurate business cases for product design, and manufacturing process optimization. Using Munro's Design Profit® software, teams can create highly accurate predictive models that analyze quality, manufacturability, weight and cost reduction, labor and sustainability metrics. For more information, visit www.leandesign.com.
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 and cost to bring those vehicles to market; 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 recently filed by FF and other documents filed by FF 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 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.
What collaboration did Faraday Future announce on October 27, 2021?
Faraday Future announced a partnership with Munro & Associates to assist in the production-readiness of the FF 91 Futurist.
What role will Munro & Associates play in Faraday Future's production process?
Munro & Associates will act as co-creation consultants, providing evaluation and comparative analysis for the FF 91 Futurist.
How does Munro & Associates contribute to the automotive industry?
Munro & Associates helps automotive companies reduce time to market, cut costs, and improve quality through comprehensive assessments.
What is the significance of the FF 91 Futurist for Faraday Future?
The FF 91 Futurist represents Faraday Future's flagship model, showcasing advanced technology and an ultimate user experience in the electric vehicle market.
What is the stock symbol for Faraday Future?
Faraday Future trades under the stock symbol FFIE on NASDAQ.
