Faraday Future unveils FX Super One MPV to rival Escalade
FX Super One features unique LED display and advanced technology features.
Faraday secures $105 million in financing for FX Super One launch.
Faraday Future Intelligent Electric Inc. unveiled its FX Super One MPV Thursday in Los Angeles, saying the first in its new line of affordable mass-market electric vehicles under the FX brand will compete with luxury SUVs such as Cadillac's Escalade.
The Gardena, California-based company (Nasdaq: FFAI) said it now has more than 10,000 'binding deposits' for the vehicle, even though the company hasn't released a price tag for it nor said when it will go on sale.
GET TO KNOW YOUR CITY
Find Local Events Near You
Connect with a community of local professionals.
Explore All Events
Faraday said the FX Super One MPV will have some unique features when it eventually hits the road, including its FF Super EAI F.A.C.E. (Front AI Communication Ecosystem), which is an external super LED display on the front fascia that will replace a vehicle's typical grill. With multiple changing front-screen images, the technology brings 'each vehicle a unique expression — 'a thousand faces for a thousand cars,'' Faraday said.
Other features touted by Faraday include floating rear zero-gravity seats; all-wheel drive; a longer wheelbase than the Escalade; a high-strength steel structure; a refrigerator; enhanced range on the highway using AI hybrid extended range technology (coming soon); a Dolby Atmos audio system; LiDAR, millimeter-wave radar, ultrasonic radar and HD camera sensors; and several seating configurations, including four-seat, six-seat and seven-seat choices.
The company will build the FX Super One at its factory in Hanford, California, located in the San Joaquin Valley region of the greater Central Valley.
The unveiling comes after Faraday said earlier this week it secured about $105 million in new cash financing, including $82 million of new financing commitments, to support the launch of the FX Super One model. The company also intends to use the funds to accelerate development and distribution efforts for its FF and FX brands and AI-related technologies.
Sign up for Business First's free daily newsletter to receive the latest business news impacting Los Angeles.
Reach Ben Miller at bwmiller@bizjournals.com.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
4 minutes ago
- Yahoo
Qualcomm (QCOM) Q2 Earnings Preview: What to Expect From Upcoming Report
July 29- Qualcomm (NASDAQ:QCOM) will reveal Q3 FY2025 results on July 30 after the market close. Wall Street expects adjusted EPS of $2.71, a 16.3% rise from a year ago, and revenue of $10.34 billion, up 10.1%. Investors eye the report amid worries that Apple (NASDAQ:AAPL) will shift to in?house modem chips next year, potentially trimming Qualcomm's handset chip sales. Smartphone market pressures and tariff risks in China also weigh on sentiment. Warning! GuruFocus has detected 6 Warning Signs with QCOM. Still, analysts note Qualcomm's growing footprint in IoT, automotive and edge AI. Bernstein's Stacy Rasgon keeps a Buy rating with a $185 target, calling Qualcomm heavily out of favor yet undervalued given its diverse product lineup and expected double?digit earnings growth. He says it's worth keeping on investors' radar. KeyBanc envisions wider semiconductor power with the help of demand in A as well as new product ramps. It predicts positive prospects of Qualcomm in Q3 but warns that second part of 2025 can have backdrafts due to Apple moving to other modems and sluggish Android market in China. The results will help to understand what degree of offset of challenges related to the handset is possible to be achieved by the divisions, which are engaged with non-smartphone, and whether Qualcomm will be able to quality its growth trend up to the end of the year. Based on the one year price targets offered by 30 analysts, the average target price for Qualcomm Inc is $177.50 with a high estimate of $225.00 and a low estimate of $140.00. The average target implies a upside of +10.21% from the current price of $161.05. Based on GuruFocus estimates, the estimated GF Value for Qualcomm Inc in one year is $160.62, suggesting a downside of -0.27% from the current price of $161.05. Gf value is Gurufocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. For deeper insights, visit the forecast page. This article first appeared on GuruFocus.
Yahoo
4 minutes ago
- Yahoo
Vor Biopharma (VOR) Jumps 10% on Addition of 2 CEOs to Board
We recently published . Vor Biopharma Inc. (NASDAQ:VOR) is one of the best-performing stocks on Monday. Vor Biopharma extended its winning streak to a fourth consecutive day on Monday, jumping 10 percent to close at $2.42 apiece and bucking the decline in the overall healthcare sector, as investors continued to load up positions following the addition of two CEOs in its board. Early last week, Vor Biopharma Inc. (NASDAQ:VOR) announced the addition of Alexander Cumbo and Michel Detheux to its board of directors, sparking confidence among investors amid ongoing efforts to strengthen leadership and strategic direction. Cumbo currently serves as president and CEO of Solid Biosciences. He was also the founding CEO of AavantiBio and brings more than 30 years of commercial and executive leadership, including nearly eight years at Sarepta Therapeutics, where he most recently served as Executive Vice President and Chief Commercial Officer. Meanwhile, Detheux is the president and CEO of iTeos Therapeutics. Under his leadership, iTeos raised over $1 billion in capital, completed a successful IPO, and secured a landmark $2 billion partnership with GSK to co-develop and commercialize the company's lead anti-TIGIT antibody. Copyright: nimon / 123RF Stock Photo In a statement, Vor Biopharma Inc. (NASDAQ:VOR) said that Cumbo and Detheux's addition is invaluable as the company advances telitacicept through late-stage development and expands its long-term vision to bring transformative therapies to patients with autoimmune disease. While we acknowledge the potential of VOR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 minutes ago
- Yahoo
Super Micro (SMCI) Rallies 10.2% as US Freezes Export Curbs to China
We recently published . Super Micro Computer, Inc. (NASDAQ:SMCI) is one of the best-performing stocks on Monday. Super Micro jumped for a fourth straight day on Monday, adding 10.24 percent to close at $60.05 apiece as investors cheered President Donald Trump's decision to freeze export restrictions on technology products to China as Washington and Beijing resume trade negotiations. The US and China will meet in Stockholm for a third round of trade talks on Monday, following previous meetings in Geneva and London. Known for its AI-focused server systems, Super Micro Computer, Inc. (NASDAQ:SMCI) is one of the companies benefiting from increased technology spending this year. Year-to-date, its stock has gone up by almost 100 percent as more companies globally build large artificial intelligence workloads. Copyright: wavebreakmediamicro / 123RF Stock Photo In other developments, Super Micro Computer, Inc. (NASDAQ:SMCI) is set to announce the results of its earnings performance for the fourth quarter of fiscal year 2025 after market close on August 5. An investor call will be held on the same day to elaborate on the results. While we acknowledge the potential of SMCI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . Sign in to access your portfolio
