Latest news with #FaradayX
Zawya
27-05-2025
- Automotive
- Zawya
Faraday Future to establish first regional facility in RAK with $8.17mln investment
RAS AL KHAIMAH - Faraday Future (FF), a California-based global AI electric vehicle manufacturer, is launching its first operational base in the Middle East in Ras Al Khaimah. The new facility—located in Al Hamra, Ras Al Khaimah Economic Zone (RAKEZ)—will span approximately 108,000 ft2 and house an office, engineering workshop, and operational hub. Backed by an initial investment of AED30 million, the project is expected to generate 200 direct jobs across engineering, logistics, operations, and customer support. This set-up is part of the company's strategic global expansion, signalling a major step in regional EV transformation while reinforcing the emirate's position as a hub for advanced, sustainable mobility solutions. The expansion will be spearheaded through Faraday X (FX)—FF's mass-market brand focused on delivering AIEVs with state-of-the-art luxury technology, aimed at making intelligent electric mobility accessible to everyone. The facility will serve as a strategic base to support operations across the GCC countries, with planned extensions into Europe and North Africa. 'This facility represents a tangible start for both FF and FX in the region,' said Matthias Aydt, Global Co-CEO of Faraday Future. 'Ras Al Khaimah offers the right infrastructure, visionary leadership, and regional connectivity to support our goal of building an intelligent, sustainable mobility ecosystem. We are proud to build a facility that will not only serve as a gateway to the region but also has the potential to create up to 200 skilled jobs.' RAKEZ played a critical role in enabling Faraday Future's seamless entry into the region, providing end-to-end support in infrastructure set-up, regulatory processes, and policy facilitation. RAKEZ Group CEO Ramy Jallad said, 'Faraday Future's entry is more than the launch of a facility—it marks the beginning of a bold new chapter in the region's mobility landscape. The company brings a powerful vision to the table, one that redefines the future of intelligent transportation. "As the UAE accelerates toward its goal of having 50 percent of all new cars sold to be electric or hybrid by 2050, supported by government incentives such as free charging stations, reduced registration fees, and green mobility policies, the timing couldn't be more aligned. At RAKEZ, we are proud to be the springboard for their Middle East journey, and to support pioneers who are reshaping industries through innovation and sustainability.' The project is currently under construction, with operations expected to commence in H2 2025. In the long term, FF aims to expand its regional R&D capabilities and build a localised supply chain ecosystem anchored in Ras Al Khaimah.
Zawya
27-05-2025
- Automotive
- Zawya
Faraday Future set to establish 1st regional facility at Ras Al Khaimah with AED 30mln investment
Ras Al Khaimah: Faraday Future (FF), a California-based global AI electric vehicle manufacturer, is launching its first operational base in the Middle East in Ras Al Khaimah. This set-up is part of the company's strategic global expansion, signalling a major step in regional EV transformation while reinforcing the emirate's position as a hub for advanced, sustainable mobility solutions. The new facility—located in Al Hamra, Ras Al Khaimah Economic Zone (RAKEZ)—will span approximately 108,000 ft2 and house an office, engineering workshop, and operational hub. Backed by an initial investment of AED 30 million, the project is expected to generate 200 direct jobs across engineering, logistics, operations, and customer support. The expansion will be spearheaded through Faraday X (FX)—FF's mass-market brand focused on delivering AIEVs with state-of-the-art luxury technology, aimed at making intelligent electric mobility accessible to everyone. The facility will serve as a strategic base to support operations across the GCC countries, with planned extensions into Europe and North Africa. 'This facility represents a tangible start for both FF and FX in the region,' said Matthias Aydt, Global Co-CEO of Faraday Future. 'Ras Al Khaimah offers the right infrastructure, visionary leadership, and regional connectivity to support our goal of building an intelligent, sustainable mobility ecosystem. We are proud to build a facility that will not only serve as a gateway to the region but also has the potential to create up to 200 skilled jobs.' RAKEZ played a critical role in enabling Faraday Future's seamless entry into the region, providing end-to-end support in infrastructure set-up, regulatory processes, and policy facilitation. RAKEZ Group CEO Ramy Jallad said, 'Faraday Future's entry is more than the launch of a facility—it marks the beginning of a bold new chapter in the region's mobility landscape. The company brings a powerful vision to the table, one that redefines the future of intelligent transportation. As the UAE accelerates toward its goal of having 50% of all new cars sold to be electric or hybrid by 2050, supported by government incentives such as free charging stations, reduced registration fees, and green mobility policies, the timing couldn't be more aligned. At RAKEZ, we are proud to be the springboard for their Middle East journey, and to support pioneers who are reshaping industries through innovation and sustainability.' The project is currently under construction, with operations expected to commence in H2 2025. In the long term, FF aims to expand its regional R&D capabilities and build a localised supply chain ecosystem anchored in Ras Al Khaimah. For more information, please contact: Cleo Eleazar, Public Relations & Events Manager, RAKEZEmail: About Ras Al Khaimah Economic Zone (RAKEZ): RAKEZ is a powerhouse business and industrial hub established by the Government of Ras Al Khaimah in the United Arab Emirates. It currently hosts over 30,000 companies coming from over 100+ countries and operating in more than 50 industries. RAKEZ offers entrepreneurs, startups, SMEs and manufacturers a wide-range of solutions, including free zone and non-free zone licences, customisable facilities, and first-class services provided in a one-stop shop. Furthermore, RAKEZ has specialised zones that are tailored to specific needs of investors: Al Nakheel and Al Hamra Business Zones for commercial and service companies; Al Ghail, Al Hamra and Al Hulaila Industrial Zones for manufacturers and industrialists; and an Academic Zone for educational providers. A leading economic zone, RAKEZ aims to continue attracting diversified investment opportunities that will contribute to the economic growth of Ras Al Khaimah. About Faraday Future Founded in 2014, Faraday Future is a California-based global intelligent electric mobility ecosystem company committed to redefining the future of transportation. With a mission to disrupt the automotive industry, the company delivers the 'Ultimate AI TechLuxury' experience through cutting-edge design, performance, and smart technology. Its flagship model, the FF 91, embodies its vision of next-generation luxury and innovation. Faraday X (FX) is the company's second brand, focused on making high-end electric mobility accessible to the broader market. With a mission of 'AIEV for everyone,' FX aims to introduce mass-market AI electric vehicles equipped with state-of-the-art luxury technology, expanding Faraday Future's reach and impact across global markets.
Yahoo
23-05-2025
- Business
- Yahoo
Faraday Future Celebrates Major Milestone in its Middle East "Third Pole" Strategy with its New Operations Facility Handover Ceremony in Ras Al Khaimah, UAE
The facility will support the production of both FF and potential Faraday X (FX) models, enabling the Company to serve diverse customer segments across the Gulf Cooperation Council (GCC) countries, with potential future expansion into Europe and North Africa. The lease agreement was signed during the Make it in the Emirates 2025 summit in Abu Dhabi, reinforcing Faraday Future's commitment to industrial innovation in the UAE. RAS AL KHAIMAH, United Arab Emirates, May 23, 2025--(BUSINESS WIRE)--Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) ("Faraday Future", "FF" or "Company"), a California-based global shared intelligent electric mobility ecosystem company, announced that it held a formal handover ceremony for its first regional facility in Ras Al Khaimah, United Arab Emirates, marking a significant milestone in the execution of its Middle East "Third Pole" strategy, alongside the dual-home market strategy in U.S. and China. The project was formally announced on May 21, 2025, during RAKEZ's participation in Make it in the Emirates 2025 in Abu Dhabi, where a lease agreement was signed between RAKEZ and Faraday Future Middle East FZ-LLC, the subsidiary of FF. The 108,000-square-foot facility will encompass an office, engineering workshop, and operational hub. The facility will support both the FF brand and potential FX models, serving as a hub for operations across the GCC, with potential future expansion into Europe and North Africa. The handover ceremony event, held at the site of the facility in the Al Hamra area of the Ras Al Khaimah Economic Zone (RAKEZ), signifies FF's official landing in the Middle East and a major step in the Company's strategic global expansion. The ceremony was attended by Faraday Future's Global Co-CEO Matthias Aydt, Chief Financial Officer Koti Meka, Head of Middle East and Executive Director Chui Tin Mok, and Ramy Jallad, Group CEO of RAKEZ, highlighting the significance of this project for both FF and the region. "This handover event represents a tangible start for both FF and FX in the region," said Matthias Aydt, Global Co-CEO of Faraday Future. "Ras Al Khaimah offers the right infrastructure, visionary leadership, and regional connectivity to support our goal of building an intelligent, sustainable mobility ecosystem. We are proud to build a facility that will not only serve as a gateway to the region but also has the potential to create up to 200 skilled jobs." RAKEZ played a critical role in enabling FF's smooth entry into the UAE, offering comprehensive support from infrastructure and permitting, to regulatory alignment. "Faraday Future's entry is more than the launch of a facility—it marks the beginning of a bold new chapter in the region's mobility landscape," said Ramy Jallad, Group CEO of RAKEZ. "As the UAE accelerates toward its green mobility goals, FF's vision and presence in Ras Al Khaimah perfectly align with national ambitions for a sustainable, electric future." Operations at the new site are expected to commence in the second half of 2025. In the longer term, FF aims to establish regional R&D capabilities, and a localized supply chain anchored in Ras Al Khaimah, reinforcing its vision of sustainable, AI-powered mobility. 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 FF91, 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 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 release the words "plans," "vision," "will," "future," "expected" 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 Middle East strategy, including establishing operational, sales and production activities in the region, creating jobs in the UAE region, expanding to Europe and North Africa, and potential FX models involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company's control, which 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, among others: the Company's ability to secure the necessary funding to execute on the FX strategy and the UAE strategy, which will be substantial; the ability of the Company to execute across multiple concurrent strategies, including the UAE, bridge strategy, FX, EREV, AI, and US geographic expansion; the Company's ability to secure necessary agreements to license or produce FX vehicles in the Middle East or elsewhere, none of which have been secured; the Company's ability to homologate FX vehicles for sale in the Middle East or elsewhere, as necessary; the potential impacts of changing tariff policies; the Company's ability to continue as a going concern and improve its liquidity and financial position; the Company's ability to pay its outstanding obligations; the Company's ability to remediate its material weaknesses in internal control over financial reporting and the risks related to the restatement of previously issued consolidated financial statements; the Company's limited operating history and the significant barriers to growth it faces; the Company's history of losses and expectation of continued losses; the success of the Company's payroll expense reduction plan; the Company's ability to execute on its plans to develop and market its vehicles and the timing of these development programs; 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 Company's ability to cover future warranty claims; the success of other competing manufacturers; the performance and security of the Company's vehicles; current and potential litigation involving the Company; the Company's ability to receive funds from, satisfy the conditions precedent of and close on the various financings described elsewhere by the Company; the result of future financing efforts, the failure of any of which could result in the Company seeking protection under the Bankruptcy Code; the Company's indebtedness; the Company's ability to cover future warranty claims; the Company's ability to use its "at-the-market" program; insurance coverage; general economic and market conditions impacting demand for the Company's products; potential negative impacts of a reverse stock split; potential cost, headcount and salary reduction actions may not be sufficient or may not achieve their expected results; circumstances outside of the Company's control, such as natural disasters, climate change, health epidemics and pandemics, terrorist attacks, and civil unrest; risks related to the Company's operations in China; the success of the Company's remedial measures taken in response to the Special Committee findings; the Company's dependence on its suppliers and contract manufacturer; the Company's ability to develop and protect its technologies; the Company's ability to protect against cybersecurity risks; and the ability of the Company to attract and retain employees, any adverse developments in existing legal proceedings or the initiation of new legal proceedings, and volatility of the Company's stock price. 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-K filed with the SEC on March 31, 2025, 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 Contacts Investors (English): ir@ Investors (Chinese): cn-ir@ Media:
Yahoo
08-05-2025
- Automotive
- Yahoo
Faraday Future Files Three Patent Applications Through its Future AIHER Subsidiary Relating to AI-Powered Hybrid Extended-Range Systems
Future AIHER is positioning itself to lead commercialization and innovation through a two-phase strategic plan. In the short term, it would focus on integrating existing third-party range extender technology into the planned Faraday X (FX) vehicles, which could enable a faster market entry. In the long term, Future AIHER would aim to design and develop its own AI-driven range extender solutions, leveraging advanced technology to enhance efficiency and potentially expand commercialization opportunities to other mobility OEMs including air, ground, and ocean applications, such as electric vertical takeoff and landing (EVTOL) aircraft, commercial trucking, and electric boating industries. Story continues "These innovations are central to FF's vision of intelligent mobility," said YT Jia, Co-CEO of Faraday Future. "Future AIHER represents a pivotal extension of our mission—bringing high-performance, AI-enhanced powertrains not only to our FF and future FX series models, but also to a wide array of future mobility industries." 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 FF91, 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 "committed to," "will," "aims to," 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 the development and commercialization of EREVs and AIHER systems, and integrating existing third-party range extender technology into the Faraday X concept vehicles, 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, among others: the Company's ability to secure the necessary funding to execute on its AI, EREV and Faraday X (FX) strategies, each of which will be substantial; the Company's ability to design and develop EREV and AIHER technologies; the Company's ability to design and develop AI-based solutions; competition in the AI, EREV and AIHER areas, where actual or potential competitors have or are likely to have substantial advantages relative to the Company, including but not limited to experience, expertise, funding, infrastructure and personnel; the ability of the Company to execute across multiple concurrent strategies, including the UAE, bridge strategy, or FX, EREV, AIHER, AI, and US geographic expansion; the Company's ability to secure necessary agreements to license third-party range extender technology and/or license or produce FX vehicles in the U.S., the Middle East, or elsewhere, none of which have been secured; the Company's ability to homologate FX vehicles for sale in the U.S., the Middle East, or elsewhere; and the Company's ability to secure necessary permits at its Hanford, CA production facility; the Company's ability to continue as a going concern and improve its liquidity and financial position; the Company's ability to pay its outstanding obligations; the Company's ability to remediate its material weaknesses in internal control over financial reporting and the risks related to the restatement of previously issued consolidated financial statements; the Company's limited operating history and the significant barriers to growth it faces; the Company's history of losses and expectation of continued losses; the success of the Company's payroll expense reduction plan; the Company's ability to execute on its plans to develop and market its vehicles and the timing of these development programs; 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 Company's ability to cover future warrant claims; the success of other competing manufacturers; the performance and security of the Company's vehicles; current and potential litigation involving the Company; the Company's ability to receive funds from, satisfy the conditions precedent of and close on the various financings described elsewhere by the Company; the result of future financing efforts, the failure of any of which could result in the Company seeking protection under the Bankruptcy Code; the Company's indebtedness; the Company's ability to cover future warranty claims; the Company's ability to use its "at-the-market" program; insurance coverage; general economic and market conditions impacting demand for the Company's products; potential negative impacts of a reverse stock split; potential cost, headcount and salary reduction actions may not be sufficient or may not achieve their expected results; circumstances outside of the Company's control, such as natural disasters, climate change, health epidemics and pandemics, terrorist attacks, and civil unrest; risks related to the Company's operations in China; the success of the Company's remedial measures taken in response to the Special Committee findings; the Company's dependence on its suppliers and contract manufacturer; the Company's ability to develop and protect its technologies; the Company's ability to protect against cybersecurity risks; and the ability of the Company to attract and retain employees, any adverse developments in existing legal proceedings or the initiation of new legal proceedings, and volatility of the Company's stock price.. 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-K filed with the SEC on March 31, 2025, and other documents filed by the Company from time to time with the SEC. View source version on Contacts Investors (English): ir@ Investors (Chinese): cn-ir@ Media:
Yahoo
10-04-2025
- Automotive
- Yahoo
Faraday Future's Global President, Jerry Wang, Delivers Remarks at the Jones Technology and Innovation Conference Held in Las Vegas
LAS VEGAS, April 10, 2025--(BUSINESS WIRE)--Faraday Future Intelligent Electric Inc. (Nasdaq: FFAI) ("FF", "Faraday Future", or the "Company"), a California-based global shared intelligent electric mobility ecosystem company, today announced that it participated in the Jones Technology and Innovation Conference, held this week at The Venetian Resort in Las Vegas, Nevada. Jerry Wang, Global President of FF, was a guest speaker and delivered remarks and gave those in attendance at the investor-focused conference an update on FF's progress and recent achievements, key points and milestones for 2025, along with strategic plans and goals for FF's Faraday X (FX) brand. The Company also had multiple FF 91 2.0 EV's on hand for display and rides for those in attendance. The conference also featured keynote addresses from Dr. Charity Dean, CEO of PHC Global, and Eric F. Trump, Executive Vice President of The Trump Organization. After Eric Trump's keynote speech, Jerry Wang asked the question about "what Trump thought of EV's and the EV market." Eric Trump noted, "Electric vehicles are improving every day, and many of my friends own and absolutely love them, especially as autonomous driving technology has already surpassed human driving at its best, which will tremendously enhance overall societal productivity." The Jones Technology and Innovation Conference is recognized for bringing together a select group of innovative companies and institutional investors for the two-day event. The event focused on one-on-one meetings, fireside chats, panels, and networking. Organized by JonesTrading, with marketing support from B2i Digital, Inc., the event offered an opportunity for direct dialogue between senior company executives and investors seeking to engage with leadership teams. "We are honored to have had the opportunity to participate in the Jones Conference this week in Las Vegas, which allowed us to provide FF's progress and future goals to the investment community in attendance," said Jerry Wang. "We really appreciate JonesTrading for creating an interactive forum and open discussions where companies such as FF can communicate directly with the investment community." 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 2.0 Futurist Alliance, exemplifies its vision for luxury, innovation, and performance. The new FX strategy aims to introduce mass production models equipped with state-of-the-art luxury technology similar to the FF 91 2.0, targeting a broader market with middle-to-low price range offerings. For more information, please visit View source version on Contacts Investors (English): ir@ Investors (Chinese): cn-ir@ Media: Sign in to access your portfolio
