Faraday Future Intelligent Electric Inc. - FFIE STOCK NEWS

Moov Technologies has announced two key appointments: Rajiv Chegu as Head of Operations and Andrew Wolstan as Head of Legal & Corporate Development. Chegu will support CEO Steve Zhou in managing company operations, while Wolstan brings valuable IPO experience from his tenure at Canoo (GOEV). These hires aim to bolster Moov's leadership in the second-hand semiconductor manufacturing equipment market, with plans to expand its workforce by 300% in 2022, targeting over 150 employees by year-end.

Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) received a notice from Nasdaq on April 4, 2022, due to the delay in filing its Annual Report on Form 10-K for the year ending December 31, 2021. The company previously filed a Form 12b-25 for late filing and was granted an extension until May 6, 2022, to submit its Q3 Form 10-Q and Form 10-K. Failure to comply could lead to delisting. The company plans to timely submit its updated plan for compliance by April 19, 2022, and intends to file both reports before the extended deadline.

Faraday Future Intelligent Electric (FFIE) announces a partnership with Meta System to supply on-board power management products for the FF 91 electric vehicle, enhancing its launch prospects. The collaboration positions FF 91 to have a 15.2 kW AC charging capability, supporting its launch in Q3 2022. Meta System’s advanced technology aims to improve charging efficiency and safety, enabling a seamless user experience. Users can reserve the FF 91 Futurist model via the FF Intelligent APP or the company’s website.

Faraday Future Intelligent Electric (NASDAQ: FFIE) has launched the "Born in California. Global DNA" brand campaign, emphasizing the FF 91 EV's production in California and its global supplier network. The FF 91, aimed for launch in Q3 2022, integrates top-tier technology sourced internationally. The campaign highlights the contributions of global partners and celebrates production milestones with an ieMedals initiative for user engagement. CEO Carsten Breitfeld asserts that the FF 91 represents a unique blend of quality and innovation, underscoring the company's commitment to cutting-edge electric mobility.

Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) announced a delay in filing its 2021 Form 10-K due to ongoing internal investigations and remediation efforts. The Company filed a Form 12b-25 with the SEC, indicating it will not file the Form 10-K by the extended deadline. An SEC investigation into prior disclosures is underway, with FF cooperating fully. Despite these challenges, FF aims to meet the Nasdaq deadline of May 6, 2022, for both the Form 10-K and the Q3 Form 10-Q. The Company is also working on its amended Registration Statement.

Faraday Future Intelligent Electric (NASDAQ: FFIE) has received approval from Nasdaq to proceed with a plan to regain compliance with the Listing Rule 5250(c)(1). An extension has been granted until May 6, 2022 for the filing of the Q3 Form 10-Q and the Form 10-K for the year ended December 31, 2021. This follows a delay due to an investigation by a special committee regarding inaccurate disclosures. The company aims to finalize these reports promptly and remains committed to timely financial reporting.

Faraday Future Intelligent Electric Inc. (FFIE) has appointed Becky Roof as interim Chief Financial Officer, replacing Walter McBride due to health issues. The company engages AlixPartners to implement recommendations from its Special Committee to enhance financial controls. Roof brings extensive experience, having served as interim CFO for various firms, including Lordstown Motors (RIDE) and Eastman Kodak Company (KODK). FFIE's Audit Committee aims to expedite the filing of its third quarter 2021 Form 10-Q.

Faraday Future has achieved manufacturing Milestone #4 with the unveiling of the first production-intent FF 91 ultra-luxury electric vehicle at its Hanford, California plant. This significant event keeps the company on track for the vehicle's start of production in Q3 2022. The company plans to build more production-intent vehicles over the next months for testing and final certification. The FF 91 aims to be the first ultra-luxury EV in the market, enhancing the driver and passenger experience with advanced technology.

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.