Faraday Future to Give FX Business Update and Show First FX Prototype Mules in Las Vegas, NV from January 5-7
2024年12月20日 - 6:30AM
ビジネスワイヤ（英語）
- The arrival of the first FX mules in the U.S. the end of
December will kick off the product development and U.S. regulatory
testing phase.
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 its first Faraday X (FX) prototype mules will arrive
in Los Angeles at the end of this month. The first two FX mules
will begin their product development and testing in the U.S.
shortly thereafter at FF’s manufacturing facility in Hanford, CA,
with a stop in Las Vegas, NV from January 5-7, which coincides with
the Consumer Electronics Show (CES). While in Las Vegas, the
Company will provide updates on the progress of the FX strategy.
The first prototype mules’ delivery and shipping route has taken
them from FF’s Headquarters in Beijing to Los Angeles.
The FX brand is accelerating its efforts to deliver "twice the
performance at half the price" AIEV products to U.S. consumers and
is advancing toward the goal of delivering performance and
technology capable EV’s at an affordable price point.
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 FX and the timing for public display
of prototype mules, product development and testing, and
accelerating development efforts, 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: potential unforeseen delays
regarding the customs clearing process for the prototype mules; 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 additional agreements with OEMs that are necessary to
execute on the FX strategy; 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/20241219985538/en/
Investors (English): ir@faradayfuture.com Investors (Chinese):
cn-ir@faradayfuture.com Media: john.schilling@ff.com
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