Shulou(Shulou.com)11/24 Report--

Faraday Future (NASDAQ: FFIE), a California-based global shared intelligent electric mobility ecosystem company, today announced the start of production (SOP) of its new smart technology luxury model FF 91 Futurist Alliance at its FF ieFactory plant in Hanford, California, USA. The FF 91 Futurist is the company's first production and flagship model and is expected to be sold in the U.S. and China.

SOP marks a key manufacturing milestone for FF 91 Futurist. This is the culmination of the hard work, dedication and determination of hundreds of FF employees to achieve this extraordinary goal since the company was founded. At the same time, it also implements the vision of Mr. Jia Yueting, founder, chief product and user ecology officer (CPUO) of FF, namely, to create a model that redefines transportation, travel and interconnection, creating a real "third Internet living space" for users beyond home environment and smart phones.

"I would like to thank every FF stakeholder, including our employees, investors who support us, suppliers and all our partners who have traveled this long and bumpy road with us, for allowing us to stand here today," said FF Global CEO Chen Xuefeng. "I can't express how excited I am that years of hard work have finally crystallized. We are fully focused on our single goal right now, which is to bring the luxury FF 91 Futurist Alliance to market. "

"The SOP of FF 91 Futurist Alliance marks the most solid step taken by FF as a traditional ultra-luxury car civilization disruptor," said Mr. Jia Yueting."The company has fulfilled its commitment to users and shareholders, indicating that under the governance and operation of the new board of directors and new management, the brand-new FF has entered a new stage of development. We believe FF will quickly recover its due value. "

According to Jia Yueting, FF's next phase of goals will focus on the following three things. The first thing is to complete the production of the first batch of vehicles with high quality and invincible product power as soon as possible, and to realize the capacity increase after SOD and SOD as soon as possible. The second thing is to build a spire user travel ecosystem centered on user acquisition and user operations. The third thing is to continue to complete the iterative upgrading of product technology to ensure the unique leading edge of product technology.

It is reported that FF91 Futurist Alliance's co-creation delivery after SOD is divided into three categories and stages: the first is the co-creation delivery of industry expert FPO (Future Product Officer). The second stage is FPO co-creation delivery, and the third stage is comprehensive co-creation delivery after realizing capacity escalation. This three-phase delivery plan provides FF with maximum flexibility for manufacturing operations and market needs and delivers the best product to users. This also helps to alleviate the fact that factory capacity is far below expected market demand.

At SOP site, Jia Yueting revealed that at the upcoming final launch conference of FF 91 Futurist, FF will release FF external partner plan and co-creation shared products in addition to explaining in detail the technical characteristics and unique advantages of FF 91 Futurist products, and further announce the post-SOD co-creation delivery plan. In addition, Jia Yueting also reminded all investors that FF will hold its annual shareholders 'meeting on April 14, hoping that all futurists will vote before the meeting date.

"All of our crazy persistence and determination that was not understood has finally resulted in today's SOP. It can be said that nine years of dream suffocation, finally ushered in the subversion moment. "Jia Yueting said that today, when the brand-new FF officially enters a brand-new stage of development, FF is still the only adventurer to pioneer the intelligent ultra-luxury electric car tower market, hoping to build FF into" Ferrari + Maybach "in the era of intelligent electric cars together with all partners.

Attachment: Jia Yueting's speech at FF SOP site:

Jia Yueting: Let's make FF into Ferrari + Maybach in the era of intelligent tram

Hello to all futurists of the world!

Today we are witnessing not only the milestone of the start of production of the new species FF 91 Futurist Alliance, but also the most solid step taken by FF as a subversive of traditional ultra-luxury car civilization. SOP is the realization of the company's commitment to users and shareholders, indicating that under the governance and operation of the new board of directors and new management, the brand-new FF has entered a brand-new stage of development, and we believe FF will quickly recover its due value.

I would like to thank all the futurists around the world for their deep insight and commitment to FF's long-term value, so that our dreams are becoming a reality.

As production begins, our goals for the next phase focus on three things:

First, complete the production of the first batch of vehicles with high quality and invincible product strength as soon as possible, and realize the capacity increase after SOD and SOD as soon as possible.

Second, as the luxury FF 91 Futurist is delivered to the most futuristic ultra-luxury users, what we call "super spire users," we will make every effort to build a spire user travel ecosystem centered on user acquisition and user operations.

In order to continue to implement the business concept and enterprise vision shared at the beginning of FF and provide a unique platform for spire users to participate in change, we divide FF 91 Futurist Alliance's co-creation delivery after SOD into three categories and three stages: the first is industry expert FPO co-creation delivery, FPO stands for futurist product officer. The second stage is FPO co-creation delivery, and the third stage is comprehensive co-creation delivery after realizing capacity escalation. This three-phase delivery plan provides maximum flexibility for our manufacturing operations and market needs and delivers the best products to our customers. This also helps to alleviate the fact that factory capacity is far below market demand.

Third, we will continue to complete the iterative upgrading of product technology to ensure the unique leading edge of product technology.

All of our insanely persistent and determined efforts that were not understood have finally resulted in today's SOP. It can be said that nine years of dream suffocation, finally ushered in the subversion moment. So I'd like to share with you again what makes FFIE, FF 91 and FF Futurists unique:

FF is the pioneer of the smart technology luxury spire market in the era of smart trams, as well as the subversive of the traditional ultra-luxury car civilization represented by Ferrari and Maybach.

FF 91 is not only the only smart luxury electric car model representing the next generation of disruptive technology, but also the only product designed to build a super spire user ecosystem.

Our first phase goal is to deliver the transformative FF 91 Futurist Alliance, FF 91 Futurist and FF 91 products to global super-pinnacle users on time, with high quality and invincible power, to achieve the goal of subverting traditional ultra-luxury car brands and achieving the first place in the global super-pinnacle user market as soon as possible.

The goal of the second phase is to launch follow-up models, achieve explosive growth in sales as soon as possible, rapidly grow travel ecological revenue and form a scale, and become the leader in the spire market.

The goal of the third phase is to achieve sustained and rapid growth in sales of smart terminals, and explosive growth in revenue from ecosystems (including software, Internet apps, and sharing). FF's ecological revenue accounts for an increasing proportion of total profits, becoming one of the leading players in the mainstream high-value user market and continuing to consolidate its leading position in the spire market.

Dear FF Futurists, you are the most important group to our success. Whether you are our global user, investor, supplier, partner, FF Dealer Par, FF User Par; Whether you are an entrepreneur like us, a stock investor who agrees with FF's long-term value, or a product geek who always pursues the ultimate experience, a car geek, a paranoid pursuit of dreams and a crazy persistence, adhering to futuristic beliefs and co-creating shared values, a spirit of adventure and never giving up in the face of tribulations and disasters, FF and you have been closely connected together. Because of this, your unswerving belief and support for FF, every stock you own in FFIE and every booking form you own are great encouragement to us, making us more firm on the way forward. Even if the current production capacity is far from meeting the market demand, with your support, we can do our best to improve production capacity and better create a shared spire user travel ecosystem. Share the value we create together.

At the upcoming final launch, in addition to detailing the technical features and unique advantages of the product, we will also announce FF external partner plans and co-creation shared products, and further announce the post-SOD co-creation delivery plan. I would also like to take this opportunity to remind all investors that the company will hold its annual shareholders meeting on April 14. All futurists, please remember to vote before the meeting date. This is the last critical milestone for the company to achieve full compliance with listing requirements.

FF's vision put forward at the beginning of its establishment ignited many people's dreams, and the industrial development blueprint we outlined has been practiced by many people and partially realized, which can be seen from the fierce price war and saturated competition situation in the current low-end electric vehicle market. However, today, when the brand-new FF officially enters a brand-new stage of development, we are still the only adventurer to pioneer the smart ultra-luxury electric vehicle tower market. In the face of brand-new opportunities and challenges, the partnership system including internal and external partners is the cornerstone of our success. We will adhere to the core concept of co-creation and sharing. We welcome all futurists to join our ecology.

All partners, let's build FF into "Ferrari + Maybach" in the era of smart trams.

Let's reconstruct the future of travel from top to bottom.

Let us work together to build the goal of the spire user travel ecology.

Thank you!

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