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- Yahoo
Faraday Future Kicks Off Trial Production Phase of its FX Super One MPV at its Hanford, CA Manufacturing Facility, Advancing Engineering and Safety Testing
HANFORD, Calif., August 01, 2025--(BUSINESS WIRE)--Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) ("Faraday Future", "FF" or the "Company"), a California-based global shared intelligent electric mobility ecosystem company, today announced that its newly-unveiled First Class EAI-MPV model, the FX Super One, has commenced its trial production phase at its Hanford, CA factory. The trial production phase is primarily focused on planning and verifying production processes, operational workflows, and quality standards. In parallel, engineers and production staff at the Hanford factory are undergoing specialized training to support production readiness. Following this phase, the Company will proceed with comprehensive vehicle engineering of the vehicle, which includes extensive safety testing and validation. These efforts are integral to ensuring that the FX Super One meets the highest standards of quality, performance, safety, and the end user experience. The FX Super One was unveiled on July 17 in Los Angeles and showcased the Super EAI F.A.C.E. (Front AI Communication Ecosystem) and the FF EAI Embodied AI Agent 6x4 Architecture. The vehicle is positioned as an EAI-MPV that aims to redefine the traditional mobility experience long dominated by models such as the Cadillac Escalade. Faraday Future's current 1.1 million-square-foot manufacturing and production facility in Hanford, California, named "FF ieFactory California," has approximately $300 million invested so far in the multi-use facility, and with additional investment and permitting, could become capable of producing more than 30,000 vehicles annually. The Company's Hanford factory could prepare a flexible production line for FX units, including FF. The facility would support mixed-line manufacturing or assembly for multiple models. The Company recently completed a new round of financing commitment totaling $105 million, which is expected to nearly cover the launch of the FX Super One. ABOUT FARADAY FUTURE Faraday Future is a California-based global shared intelligent electric mobility ecosystem company. Founded in 2014, the Company's mission is to disrupt the automotive industry by creating a user-centric, technology-first, and smart driving experience. Faraday Future's flagship model, the FF 91, exemplifies its vision for luxury, innovation, and performance. The FX strategy aims to introduce mass production models equipped with state-of-the-art luxury technology similar to the FF 91, targeting a broader market with middle-to-low price range offerings. FF is committed to redefining mobility through AI innovation. Join us in shaping the future of intelligent transportation. For more information, please visit 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 "could," "will," "should," and "future," 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 production capacity expansion, the FX brand, the Super One MPV, future FX models, future FX reservations, expansion into new states and markets, and production and sales goals, 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. View source version on Contacts Investors (English): ir@ Investors (Chinese): cn-ir@ Media: 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
5 minutes ago
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Daimler Truck shares fall after company cuts FY outlook
(Reuters) -Shares in Daimler Truck dropped 7% in early Frankfurt trade after the company cut its full year outlook late on Thursday, citing persisting market weakness in North America. The owner of U.S. truck brand Freightliner said it expected adjusted earnings before interest and taxes between 3.6-4.1 billion euros ($4.11-$4.69 billion), a significant decline compared to 4.15 billion in a company compiled consensus. The new guidance accounts for the continued market weakness in North America, whereas it was unchanged for all other segments, the company said in a statement. "The lowered FY25 guidance follows other recent OEM commentary ... but was not expected in this magnitude," said Fabio Hoelscher, an analyst from Warburg Research. In May, the company cut its full-year adjusted EBIT forecast, reflecting lower expectations for its North American business on heightened demand uncertainty due to U.S. duties. The group's second order intake came in at 88.2 thousand, with North American orders standing at 13.8 thousand. The latter was below expectations of 21 thousand, cited by a local trader. "Order intake at Trucks North America was very weak and clearly underperformed the industry," Hoelscher said, adding will likely cause a soft Q3 result for the segment. North America is the largest and most profitable market for Daimler Truck. In 2024, the company generated about 44% or total revenue in the region, with profit margin of 12.9%, materially higher than 8.9% for the industrial business. Last week, Volkswagen's truck unit Traton slashed its full-year guidance citing weaker U.S. demand amid rising trade tensions, seeing continued economic weakness in Europe, cautious sentiment among North American truck buyers, and subdued demand in Brazil. ($1 = 0.8750 euros) 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
Fox News
7 minutes ago
- Fox News
Kamala Harris: I refused to 'pile on' Joe Biden
Kamala Harris bristled at Stephen Colbert's question about navigating a campaign to replace her own boss.
