- This ‘FX’ Global Logo Co-Creation Initiative Contest follows
the Sept. 19 FX event where Faraday Future officially kicked off
its dual-brand strategy by announcing its second brand, Faraday X
(FX), and its launch plan for the first batch of planned
products.
- The new FX logo design should encompass the philosophy
‘Co-Create, an AIEV for Everyone’ and capture the essence of FF’s
second brand.
- One Grand Prize winner will receive an offer for an FX
Co-Creation Contract, valued at $30,000.
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 its ‘FX’ Global Logo Co-Creation Design Contest. The
Company is asking all interested creators to submit their ideas for
a new ‘FX’ Logo design. All new brands need a logo, and much like
the unique and well-received FF logo, FX needs a new logo as well –
one that is unique and inspired by the genesis of the FX brand. So
today, in the spirit of co-creation and sharing, we invite you to
join FF in setting another industry standard for logo design.
The contest will be open for submissions until November 22,
2024, at 5:00 PM Pacific Time and is open to any person who has
reached 18 years of age in any country or region, except where
prohibited by law. One Grand Prize winner will receive an offer for
an FX Co-Creation contract, valued at $30,000. The Grand Prize
Winner is also subjected to provide further design-related
counselor services for the FX Brand.
Creators can submit their official logo design ideas
here: FXLogo@ff.com
On September 19, the Company officially kicked off its
dual-brand strategy by announcing its second brand, FX, and its
launch plan for the first batch of planned products, including
innovative ways in creating AIEV (Artificial Intelligence Electric
Vehicle) products with “twice the performance at half the price”
for our future users.
The brand slogan for Faraday X is: Co-create, an AIEV for
Everyone. The inspiration for the FX brand is deeply rooted in FF's
unique genes, and it also perfectly reflects the logic of the math
function, y = f(x), where x is the independent variable, f
represents the corresponding rules, and y represents the final
outcome.
For the FX brand, X represents our users, partners, the
industry, and all the more limitless possibilities. F not only
stands for FF, but also for the mutually empowering, open-source
collaboration between FF and the “X” as we co-create value. This
synergy between F and X will bring out phenomenal products,
generating rewards that everyone can share.
The first anticipated FX models, the FX 5 (expected price range
of $20,000-$30,000) and FX 6 (expected price range of
$30,000-$50,000), are expected to offer two types of powertrains:
range-extended AIEV and battery-electric AIEV, with a planned
target to roll off the assembly line by the end of 2025, subject to
securing necessary funding.
For more detailed information on the FX brand, to help with
your Logo design ideas, please visit:
https://app-us.ff.com/ff-v3/news/841?lang=en-US
Awards for FX Logo Submissions:
Grand Prize: One winner will receive an offer for an FX
Co-Creation contract, valued at $30,000. The Grand Prize Winner is
also subjected to provide further design-related counselor services
for the Faraday X Brand. All terms and conditions of the
Co-Creation contract, including the scope of services and payment
schedule, will be outlined in a separate agreement. Acceptance of
the agreement must be made within 15 days or the offer will be
withdrawn.
Finalist Awards: Fifteen winners will receive an
FX-branded swag package.
Submission Awards: All U.S.-based contestants who
successfully submit a qualifying design will receive a voucher
valued at $100, redeemable toward the reservation of an FX vehicle.
The voucher is non-transferable, non-refundable, and has no cash
value. It can only be applied to the reservation of an FX vehicle,
subject to availability and the terms and conditions of the vehicle
reservation process.
Complete contest rules, terms and conditions can be found here:
https://app-us.ff.com/ff-v3/news/872?lang=en-US
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 second brand (FX), 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 FX strategy is subject to numerous risks and
uncertainties; 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/20241020875673/en/
Investors (English): ir@faradayfuture.com Investors (Chinese):
cn-ir@faradayfuture.com Media: john.schilling@ff.com
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