- The first batch of knockdowns for FX Super One MPV have successfully arrived at the Port of Long Beach, cleared customs and have commenced delivery to the Company’s manufacturing facility in Hanford, CA factory in anticipation of the first pre-production vehicles Roll-off ceremony on Dec. 21.
- The Board has conditionally approved FF and FX’s five-year volume production plan, including the target of 400,000-500,000 cumulative production and sales, contingent upon securing the necessary financing, as well as more support and agreements with strategic partners.
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 Global Co-CEO of FF.
“Today I would like to share two major bits of progress first: I will start with the fact that I am proud to announce that the FX Super One First Pre-Production Vehicles Roll-off Ceremony is scheduled for December 21 at our manufacturing facility in Hanford, CA! We have reached a critical state of readiness: the full set of components for the first several pre-production vehicles have arrived on site. With nearly 3,000 parts per vehicle now in hand, we will formally launch production tomorrow.
This milestone carries significance in six areas:
1. It marks the near completion of the Bridge Closure for our Bridge strategy, covering a closed loop of supply chain, testing, logistics, customs clearance and production. This further validates the feasibility and strategic value of the Bridge model, across tariff adaptation, ICTS compliance, cost management, operational efficiency, and so on.
2. It marks that the Hanford factory has entered the FX pre-production phase. Our production, industrialization, supply chain, and Bridge systems are now forming a closed-loop synergy.
3. It could provide a replicable, fast-track mass production framework for the scalable deployment of future FX models.
4. It represents a new breakthrough in Faraday Future’s business and supports improvements in our capital position and capital market expectations.
5. It could empower the global expansion of China’s automotive supply chain and unlock its value within the U.S.— the world’s highest-value market.
6. It could fill a structural gap, tap the blue-ocean segment in the U.S., and generate incremental value in the U.S. market, including job creation and contributions to manufacturing reshoring.
The second bit of progress is that the Board has conditionally approved FF and FX’s five-year volume production plan, including the target of 400,000-500,000 cumulative production and sales, contingent upon securing the necessary financing, as well as more support and agreements with strategic partners. This could help us build a solid foundation for our strategic advancement and stockholder value maximization.
On EAI flywheel—other FFAI updates this week:
S5 Capital Markets and Finance — FF attended UBS’s Global Industrials and Transportation Conference in Florida — a major platform for global capital, industrial and mobility sectors. During the event, we held in-depth discussions with multiple institutional investors, providing a systematic overview of our strategy and core business progress.
Turning to S6 Middle East — Following the delivery of the very first Super One to global icon Andrés Iniesta — coinciding with the UAE’s 54th National Day — our Middle East team brought FF 91 and FX Super One across all seven Emirates, where the “Twin Stars” shined across the region. Next, the Middle East team will speed up assembly ramp up and keep pushing for the assembly and delivery of the FX Super One AIHER variant and the potential battery electric variant, so that more users can be among the first to experience the unique value of First Class EAI-MPV and have the region truly enter the era of AI-powered luxury mobility.
Finally, our issues, reflections, and solutions — Since the FX Super one Initial Product Launch on July 17, we know that our stockholders, investors, and users have been eagerly waiting updates on our milestones and our business vision for the next few years. Our goal has always been to share a roadmap that is clear and executable. Due to complex review cycles and approval procedures, we have not been able to share these details as quickly as intended. This experience has underscored the need for us to improve our internal synergy and operational efficiency.
With our Five-Year Plan closing in on approval, the path could soon be clear for us to share our key milestone goals and forward-looking business plans. We will begin releasing these updates soon and look forward to your continued attention. That’s it for today. I’ll see you at the Hanford factory on December 21.”
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