Faraday Future Founder and Co-CEO, YT Jia, Shares Weekly Investor Update
Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) (“Faraday Future”, “FF” or the “Company”), a California-based global shared intelligent electric mobility ecosystem company, today shared a weekly business update from YT Jia, Founder and Co-CEO of FF.
“A quick heads-up for everyone: the FX Super One’s first in-person Private Preview & Co-Creation Event is on track to take place next Sunday afternoon, June 29, in Los Angeles.
Progress and Milestones
On S1 User Ecosystem, Faraday Future signed a deposit agreement for 500 FX Super Ones with Telling Inc., a leading MCN livestream e-commerce ecosystem service provider focused on the North American market and TikTok. This brings the total B2B binding deposit agreements for non-binding preorders for the FX Super One to 4,000 units. Telling Inc. is the third MCN B2B co-creation partner to sign a deposit agreement with FX, demonstrating the success of the ‘end-to-end B2B2C’ co-creation ecosystem model.
The Private Preview & Co-Creation Event on June 29th will be the first official showcase of the FX Super One for a select, invite-only audience. Guests will have the opportunity for an exclusive preview, experience, and co-creation session.
Faraday Future also received the non-refundable deposit for the 1,000-unit non-binding pre-order of the FX Super One from Pinnacle, one of California’s largest real estate brokerages. This collaboration marks a significant milestone in realizing the ‘Scenario-as-Store’ vision and creating a symbiotic ecosystem designed for mutual success.
Product and Technology
Faraday Future is proud to announce the upcoming milestone release of the FF AI 2.0 system, which offers advanced features such as switching between over 50 languages in real-time and understanding complex commands. The system is deeply integrated with Open AI and will first be available on the FF 91 via an upcoming OTA update.
Capability and System Build-Up
Faraday Future has adopted a quarterly strategic update and management framework under the leadership of Co-CEO YT Jia. The company will launch its performance review for the second quarter and the first half of 2025 to ensure quick adaptation to market dynamics and business results.
As Faraday Future continues its journey towards becoming a User Company, the focus remains on advancing electric vehicle technology to meet the evolving needs of users worldwide.
About Faraday Future
Faraday Future is a pioneer in the Ultimate AI Tech Luxury ultra spire market and aims to offer a shared intelligent mobility ecosystem. The company is dedicated to advancing electric vehicle technology and driving innovation in the industry.
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