Faraday Future’s FX Brand to Ship First FX 6 Prototype Mules to U.S. Headquarters, Kicking Off the Product Development and Testing Phase
10 Fevereiro 2025 - 3:44AM
Business Wire
- The shipment demonstrates steady progress of the Faraday (FX)
strategy.
- FF plans to unveil further updates on the FX 6 series and the
latest FX strategy in March.
Faraday Future Intelligent Electric Inc. (Nasdaq: FFIE) (“FF”,
“Faraday Future”, or the “Company”), a California-based global
shared intelligent electric mobility ecosystem company, today
announced that FF China will ship two FX 6 prototype mules to its
Los Angeles headquarters later this month from FF China. The
shipment of the two test mules, both of which will be branded as
“FX 6 Series” models, signifies a further step in the FX brand’s
plan to bring affordable mass market AIEV’s to the marketplace. The
shipment of the prototype mules also marks the official launch of
the development and testing phase for this model in the U.S. and
will allow continuous road testing on various systems.
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the full release here:
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The camouflaged FX 6 (Photo: Business
Wire)
Upon arrival in the U.S., the FX team will conduct compliance
validation and in-depth testing on key aspects such as ADAS and
autonomous driving, propulsion system, intelligent cabin, and
overall user experience. The FX 6 models would eventually be
assembled at FF’s facility in Hanford, CA, where the Company’s FF
91 2.0 is currently produced.
FX is advancing a new chapter in the Company’s strategy and will
target the mass market segment with three planned models: an AI-MPV
product—named the Super One, the FX 5, with a price target between
$20,000-$30,000, and the FX 6, with a price target between
$30,000-$50,000. FF plans to unveil further updates on the FX 6
series and the latest on the Company’s overall FX strategy in
March.
“The shipment of the FX 6 camouflaged prototype mules signifies
that our product development is moving forward into a more detailed
and rigorous validation phase,” said Xiao (Max) Ma, Global CEO of
FX. “The FX leadership team recently traveled to China, where we
continued in our extensive discussions with potential partners and
supply chain collaborators, achieving positive results that could
solidify the FX 6 development process.”
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 a the production of the Super One, the
FX 5 and the FX 6, 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 necessary agreements to produce FX vehicles in the U.S.,
the Middle East, or elsewhere, none of which have been secured; the
Company's ability to homologate any FX vehicle for sale in the
U.S., the Middle East, or elsewhere; the Company's ability to
secure necessary permits at its Hanford, CA production facility;
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 China; the success of the Company's remedial measures
taken in response to the Special Committee findings; the Company ’s
dependence on its suppliers and contract manufacturer; the
Company's ability to develop and protect its technologies; the
Company's ability to protect against cybersecurity risks; and the
ability of the Company to attract and retain employees, any adverse
developments in existing legal proceedings or the initiation of new
legal proceedings, and volatility of the Company’s stock price. You
should carefully consider the foregoing factors, and the other
risks and uncertainties described in the “Risk Factors” section of
the Company’s Form 10-K filed with the SEC on May 28, 2024, as
amended on May 30, 2024, and June 24, 2024, as updated by the “Risk
Factors” section of the Company’s first quarter 2024 Form 10-Q
filed with the SEC on July 30, 2024, and other documents filed by
the Company from time to time with the SEC.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20250209770713/en/
Investors (English): ir@faradayfuture.com
Investors (Chinese): cn-ir@faradayfuture.com
Media: john.schilling@ff.com
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