- The first three FF 91 2.0 Futurist Alliance users have already
joined or are currently considering participating in the FF
owner-developer co-creation project. These users also have the
chance to experience the FF 91 2.0 Futurist Alliance as FF
continues to execute the first phase of FF’s three-phase delivery
plan.
- FF recently announced its first user, Rem D Koolhaas, who is
now followed by FF’s second user, Jason Oppenheim, a renowned real
estate agent specializing in luxury properties in Los Angeles,
California. He is also the superstar of the Netflix hit reality
show Selling Sunset.
- The third user comes from “Private Collection Motors,” a luxury
car dealership based in Costa Mesa, California which specializes in
high-end, exotic, and rare vehicles to discerning customers.
- By carefully selecting the first group of users, FF launched
the Owner Developer Co-Creation Program with representatives from
diverse industries, aiming to generate substantial value and
contribute to driving not only these industries but also others
through a cost-effective and innovative approach.
- FF 91 2.0 Futurist Alliance Track Edition also set a remarkable
new record in its class at Willow Springs, achieving the fastest
lap time of 1 minute and 35 seconds among ultimate luxury
production EVs weighing over 6,000 pounds, with no additional
special track-specific modifications for this specific test.
Faraday Future Intelligent Electric Inc. (Nasdaq: FFIE)
("Faraday Future", “FF” or "Company"), a California-based global
shared intelligent electric mobility ecosystem company, today
announced a successful completion of the Company’s first FF
Developer Co-creation Mission event, which took place at Willow
Springs International Raceway on Tuesday June 6th. It also marked
the confirmation of the second and third users of the FF 91 2.0
Futurist Alliance.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20230608005574/en/
Faraday Future Developer Co-creation
Mission Event Held at Willow Springs International Raceway on June
6th, 2023. (Photo: Business Wire)
After recently announcing FF’s first user as Rem D Koolhaas, FF
is excited to name its second user as Jason Oppenheim, a renowned
real estate agent specializing in luxury properties, particularly
in the Beverly Hills area of Los Angeles, California.
Jason is the Owner of the Oppenheim Group, a well-known luxury
real estate agency. He is a star in all 6 seasons of the Netflix
series, Selling Sunset + Selling the OC Partnerships. The third
user comes from “Private Collection Motors,” a luxury car
dealership based in Costa Mesa, California. It specializes in
selling high-end, exotic, and rare vehicles to discerning
customers.
Each of the three users represents a key industry that serves a
large number of Spire users. One is a luxury car dealer, another is
an influential figure in the art community, and the third is a
top-tier real estate agent specializing in luxury properties. By
selecting representatives from diverse industries, the Company aims
to generate substantial value for our Spire users and contribute to
driving not only these industries but also others.
The first three users of the FF 91 2.0 Futurist Alliance have
already joined or are currently considering participating in the FF
owner-developer co-creation project. Together, they are committed
to providing long-term support for FF's product development,
product improvement, brand marketing, product design, sales and
user acquisitions.
Recognizing Rem's significant influence in the global design
industry, the Company has made the decision to hire Rem’s company,
United Nude, as FF's design consultants. This collaboration will
bring strategic and design support to FF's future peripheral
product designs.
In addition, the Company recognizes Jason’s influence within the
top-tier real estate market and among those who desire luxury
items, including automobiles. To that end, Jason and the Company
have entered into an agreement whereby Jason will provide social
media content and attend the Company’s events in exchange for a
fee. The Company believes Jason also can assist with product
improvement, brand, and marketing, as well as additional user
acquisitions.
The co-creation business model is an open UP2U business model
that allows users to become FF partners and enable value
co-creation. The shared technology platform is expected to provide
more innovation and services for users and achieve better
co-sharing benefits. In particular, the user developer part of FF’s
co-creation program enables FF to establish a strong cooperative
relationship with valued users and consultants. This development
cooperation is expected to enable FF to tap into Spire user markets
within the luxury home, celebrity, and luxury car circles. These
users are acquiring the FF 91 2.0 Futurist Alliance. They are also
entering into consulting, branding, and other arrangements with FF
in exchange for fees ranging from approximately $225,000 to
$475,000. Through these collaborations, the initial group of car
owners will establish a strong cooperative relationship with FF as
valued users and consultants. This will not only assist FF in
tapping into the Spire user markets within the luxury home,
celebrity, and luxury car circles but also serve as an excellent
demonstration and leading role for potential FF users in other
industries. Lastly, the Company’s win-win product portfolio will
feature several product offerings including FIR and FPO, among
others, which will be unveiled gradually.
This first group of users are experiencing the performance of
the FF 91 at the famed Willow Springs International Raceway,
located north of Los Angeles, and trained by Craig Coker, the world
record holder of EV racing at the Big Willow Track. They are also
receiving personalized product demonstrations by FF Founder and
CPUO, YT Jia, and providing feedback and creative ideas back to the
Company as planned.
A link to the downloadable video highlighting the FF
Developer Co-creation Mission event can be viewed here:
https://www.ff.com/us/ff91event/
We are thrilled to announce that the FF 91 2.0 Track Edition
also set a remarkable new record in its class at Willow Springs
Raceway, achieving the fastest lap time of 1 minute and 35 seconds
among ultimate luxury production EVs weighing over 6,000 pounds,
with no additional special track-specific modifications for this
specific test.
“Today is a remarkable day as we witness the first FF 91 2.0
Futurist Alliance vehicles meet the first three users, and it also
marks an important moment when these disruptors and FF Developer
Co-Creation Mission participants connect with the future through
our FF products,” said YT. “We are deeply grateful to these ultra
spire users who resonate with FF and share the same wavelength.
Today marks the dawn of a new era, where the Ultimate AI TechLuxury
mobility is becoming a reality.
“Our technology and products are growing every day, however
certain technology, features, and functionality may not be
available at launch and are still under continuous development. Our
goal is to accelerate and enhance these disruptive and
forward-thinking technologies through our Developer Co-Creation
Mission and make continuous deliveries to our users,” added YT.
The FF 91 2.0 Futurist Alliance is built on the AI-powered FF
aiHyper 6x4 Architecture 2.0, and its unique Hyper Multi-Vectoring
and Magic All-In-One make it possible to conquer the track and set
new lap records. The 1050 horsepower and the Hyper Multi-Vectoring
integrated multi-axis torque technology system for AI propulsion,
steering and braking deliver the following benefits: 1. extreme
acceleration and power, 2. handling precision and agility, and 3.
the integrated braking that combines traditional braking and torque
braking.
The Magic All-In-One All-Terrain AI Body Control Technology
System of the FF 91 2.0 provides the following benefits: 1.
Ultra-low center of gravity, high visibility, and enhanced
precision, stability, and traction of the suspension are achieved
through the unique moat body structure and moat battery pack
structure. 2. Extraordinary grip and traction are delivered by the
22-inch wheels and high-performance tires. 3. Exceptional
aerodynamics despite the vehicle’s full size.
With All-AI, the FF 91 2.0 Futurist Alliance defines the
Ultimate AI TechLuxury by integrating traditionally perceived
contradictory attributes. It flawlessly combines performance,
weight, and safety, while seamlessly blending technology with
luxury. The acceleration-to-weight ratio of the FF 91 is only 0.78,
which is twice as efficient as Ferrari’s 1.59. The
performance-safety index is 2, far superior to peers. The FF 91
boasts an impressive range-to-weight ratio of 136, delivering the
undisputed best-in-class performance, surpassing its competitors by
a large margin.
Check the link below for more details regarding FF’s three-phase
delivery plan:
https://investors.ff.com/static-files/7bd505b8-6054-4e57-b492-9f01bca8ccef
Watch the FF 91 Final Launch & Faraday Future 2.0 Event that
took place on May 30th. Full video and link to download the
presentation here: (English): https://www.ff.com/us/ff91event/
(Chinese): https://www.faradayfuturecn.com/cn/ff91event/
Users can preorder an FF 91 vehicle via the FF Intelligent App
or through our website (English): https://www.ff.com/us/preorder/
or (Chinese): https://www.ff.com/cn/preorder/
Download the new FF Intelligent App (English):
https://apps.apple.com/us/app/id1454187098 or
https://play.google.com/store/apps/details?id=com.faradayfuture.online,
(Chinese): http://appdownload.ff.com
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.
FOLLOW FARADAY FUTURE:
https://www.ff.com/ https://www.ff.com/us/mobile-app/
https://twitter.com/FaradayFuture
https://www.facebook.com/faradayfuture/
https://www.instagram.com/faradayfuture/
www.linkedin.com/company/faradayfuture/
FORWARD LOOKING STATEMENTS
This press release “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 the Company’s ability to meet its
future production and delivery plan, and the development and
success of the Company’s co-creation and benefits co-sharing
program, 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 whether the FF
Top Holdings LLC Shareholder Agreement complies with Nasdaq listing
requirements, including Nasdaq Listing Rule 5640 regarding voting
rights, the market performance of the Company’s Common Stock, the
Company’s ability to regain compliance with the Nasdaq listing
requirements and the Company’s ability to execute definitive
documentation in connection with and/or satisfy the conditions
precedent and close on the various financings previously disclosed
by the Company and anticipated additional financings, the failure
of any of which could result in the Company seeking protection
under the Bankruptcy Code; the Company’s ability to amend its
certificate of incorporation to permit sufficient authorized shares
to be issued in connection with the Company’s existing and
contemplated financings; the ability of the Company to agree on
definitive documents to effectuate the non-binding City of
Huanggang Framework Agreement; the Company’s ability to remain in
compliance with its public filing requirements under the Securities
Exchange Act of 1934, as amended, and Nasdaq listing requirements
and to continue to be listed on Nasdaq (including following the
execution of the Shareholder Agreement); the outcome of the
Securities and Exchange Commission (the “SEC”) investigation
relating to the matters that were the subject of the Special
Committee investigation and other litigation involving the Company;
the Company’s ability to execute on its plans to develop and market
its vehicles and the timing of these development programs
(including timely receipt of parts and completion of crash tests);
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 success of other
competing manufacturers; the performance and security of the
Company’s vehicles; potential litigation involving the Company; the
result of future financing efforts and general economic and market
conditions impacting demand for the Company’s products; potential
cost, headcount and salary reduction actions may not be sufficient
or may not achieve their expected results; and the ability of the
Company to attract and retain employees. The foregoing list of
factors is not exhaustive. 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-Q filed with
the SEC on May 10, 2023, the “Risk Factors” section of the
Company’s Annual Report on Form 10-K filed with the SEC on March 9,
2023, and other documents filed by the Company from time to time
with the SEC. These filings identify and address other important
risks and uncertainties that could cause actual events and results
to differ materially from those contained in the forward-looking
statements. Forward-looking statements speak only as of the date
they are made. Readers are cautioned not to put undue reliance on
forward-looking statements, and the Company does not undertake any
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as required by law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230608005574/en/
Investors (English): ir@faradayfuture.com Investors (Chinese):
cn-ir@faradayfuture.com Media: john.schilling@ff.com
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