Latest news with #MPV
The Verge
21 hours ago
- Automotive
- The Verge
Faraday Future is back with another wild EV that probably will never get made
Ask anyone who's familiar with EV startups what Faraday Future is, and words like vaporware or severely delayed might come to mind. That's because, in the brand's 11-year existence, it has seemingly overpromised and under-delivered on nearly everything it has ever announced. As reported by Autoweek, it has sold less than 20 of its luxury FF 91 full-size EVs since it debuted two years ago — mostly to investors and celebrity influencers. Last week, Faraday revealed its latest model, the FX Super One, a fresh attempt at finally moving units in the US. FX, short for Faraday X, is a sub-brand by the Chinese automaker aimed at slotting in at a substantially lower sub-$100,000 price point. Its ticket to this corner of the EV market: a luxury MPV (multipurpose vehicle, better known as a compact van in the USA) designed to, in the company's words, disrupt the Cadillac Escalade in luxury for-hire transportation. Three seating arrangements are planned for the Super One: a four-seat for maximum luxurious cabin space, as well as a six- and seven-seater. I attended the Super One's unveiling event and had the chance to briefly ride in the four-seater's backseat. It was quite commodious and adorned in luxurious leather — definitely fit for frequent Uber Black clientele. Admittedly, it's a good strategy for an EV. Make the most of its relatively small footprint and save on weight. Families are also one of FF's target demographics, as are chauffeured professionals who work on the move. However, as far as specs, go, well, there are none. During FF's lengthy presentation about the Super One, it filed power output, range, battery size, charging rate, etc. under to be determined. This was not long after displaying the largest disclaimer that the world has ever seen. In light of FF being in hot water with the SEC as of late, this makes sense. To sweeten the deal, FF is offering the Super One with a face. No, really, it calls the optional massive LED screen occupying where a grille would be the F.A.C.E. (Front AI Communication Ecosystem). With the help of AI, owners can broadcast a myriad of different things via this mini billboard. The most useful example is for self-promotion; a visual artist could display some work while parked, and the Super One will even interact with passersby. There could absolutely be some unsavory potential here, too, but only time will tell. There were other points made about AI integration, but they were a bit vague — again, the company might be exercising some caution here. According to Car News China, it's a rebadged Great Wall Motor Wey Gaoshan, too, which almost certainly helps cut down on development and production costs. At least we know that the vehicle that it's based on is real and in consumers' hands. The unveiling was atop a parking garage in downtown Los Angeles and quite the production. A sea of influencers and other personalities were in attendance, and with a beautiful setting sun in the background, the company's goals were quite clear: cater to an audience that's in the business of selling vibes. If it can garner interest among this slice of American culture, it could give the company the bump it needs to actually start delivering, in addition to recently getting a healthy $105 million cash injection. But is this enough? It's deeply ingrained in the American psyche that big, hulking SUVs are the way to go for luxury transportation. A van of reasonable proportions with nice interior materials and some party tricks is fun, but to sell thousands per year — even with an alleged 10,000-plus preorders during the unveiling, and intentions of building the Super One at its Hanford, California, facility to help skirt tariffs — it's tough to say. FF has a long and storied history of not delivering despite grandiose plans and heavy investment. Like every claim it's made before, we'll believe it when we see it.
New Straits Times
3 days ago
- New Straits Times
Three Chinese nationals nabbed over burglary in Kuala Perlis
KANGAR: Three Chinese men were arrested after they were believed to be involved in a housebreaking incident in Taman Bukit Kubu Phase 2, Kuala Perlis near here yesterday involving a loss of about RM4,000. Kangar district police chief Assistant Commissioner Yusharifuddin Mohd Yusop said police received a report at 11.38pm from a man who found that his uncle's house in the area had been broken into. "Initial investigations found that the house showed signs of a break-in at the back door. "Closed-circuit television (CCTV) footage showed three suspects entering the house and taking several valuable items," he said in a statement today. Yusharifuddin said among the items reported missing were jewellery worth about RM1,200, cash worth RM2,500 from a safe and another RM357 from a drawer in a cupboard in one of the rooms of the house. He said the investigation team from the Kangar Criminal Investigation Division together with the Forensic Unit of the Perlis police contingent headquarters also inspected the scene of the incident. He said earlier at 10.10pm on the same day, police received information from the public that three unknown men were believed to have broken into the house and have been detained by villagers. "Acting on the information, the arresting officer together with members of the Kuala Perlis police station task force and a MPV team went to the location and re-arrested the three men involved. "The results of the investigation found that they were Chinese nationals, aged between 38 and 54, who had been in this country for less than a week were looking for work. "They were said to have been offered jobs as cooks but have yet to deal with any employers," he said. Yusharifuddin said further inspection found that the three suspects had valid travel documents and items believed to belong to the victims, including cash and jewellery, were also seized from them. He said the case is being investigated under Section 457 of the Penal Code, which carries a prison sentence of up to five years or a fine or both upon conviction . He also said the suspects have been remanded for six days to assist in investigations into the case.
Yahoo
4 days ago
- Automotive
- Yahoo
Faraday X Unveils Two Groundbreaking Global-First Products Along with a Transformative Technology Architecture - the FX Super One EAI-MPV, the FF Super EAI F.A.C.E. System, and the FF EAI Embodied Intelligence AI Agent 6x4 Architecture
The FX Super One has officially secured 10034 binding deposits for non-binding pre-orders, spanning both our B2B and B2C channels. The FX Super One MPV Unveiling held in downtown Los Angeles, offered attendees a first-hand look at FX Super One's innovation, design philosophy, and market vision, while fostering meaningful Co-Creation among the minds shaping the product's next phase. The Company also unveiled new technologies and innovations including the FF Super EAI F.A.C.E. (Front AI Communication Ecosystem) System, and the FF EAI Embodied Intelligence AI Agent 6x4 Architecture. The FX Super One MPV will disrupt the luxury SUV segment, benefitting from the technology stack developed for the Company's flagship FF 91 EV, delivering a level of product performance and technology that could go far beyond today's mainstream business and family vehicles, all at extreme price-to-performance ratio could help it beat the best, beyond its class. The Super One MPV will come with an available world's first Super EAI F.A.C.E. (Front AI Communication Ecosystem), not only an external super LED display for the front fascia, but also a face and sensory system for Super One, a true vehicle EAI agent. Faraday Future just announced that it has secured $105 Million in Financing to fund the Company's aggressive growth strategy, including the launch of the FX Super One and advancement of the Company's position in the AIEV Market. Today's event also marked the kickoff of the B2C Paid Pre-Order Campaign, inviting users to become early adopters and co-creators of this next-generation mobility experience. With just a $100 deposit, future Super One users can place a pre-order for your very own First Class EAI-MPV. LOS ANGELES, July 18, 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 held the Global unveiling of its much-anticipated FX Super One MPV, the first of a new lineup of affordable mass market EVs for the FX brand. The event also marked a significant milestone officially securing 10034 binding deposits for non-binding pre-orders for the Super One, spanning both B2B and B2C channels, signaling strong early momentum and widespread market enthusiasm for the FX Super One. The Company also unveiled new technologies and innovations including the FF Super EAI F.A.C.E. (Front AI Communication Ecosystem) System, and the FF EAI Embodied Intelligence AI Agent 6x4 Architecture during the FX Super One Product Launch. Users can now go and complete their purchase with just one click and secure priority delivery. With just a $100 deposit, future Super One users can place a pre-order for their very own First Class EAI-MPV. Numerous executives and celebrities attended and spoke at the event including FF founder and Global Co-CEO YT Jia, and Global Co-CEO Matthias Aydt, FX CEO, Xiao (Max) Ma, Actor Cody Walker — from the Fast & Furious franchise and a globally respected automotive enthusiast and race car driver and influencer Lindsay Brewer helped unveil the FX Super One with Company executives as well. The July 17th event continues the launch cadence and commencement of FX's product execution and launch season that will lead up to the first Super One vehicle coming off the line at FX's manufacturing facility in Hanford, California. The event, which was held in the Los Angeles area, was attended by numerous guests, including the public, FF's stockholders and investors; B2B sales partners and prospects; global supply chain partners; media; key opinion leaders (KOLs) and influencers; and Co-Creation officers. Earlier this week, the Company announced that it has secured $105 Million in financing to fund the Company's aggressive growth strategy, including the launch of the FX Super One and the advancement of the Company's position in the AIEV Market. FX Super One Highlights: Shown publicly for the first time at the July 17 event, the FX Super One is an affordable mass market MPV. It offers a spacious, meticulously crafted interior with high-end materials and advanced technology. The FX Super One prioritizes passenger comfort with a host of features including multiple rows, spacious seating, ambient lighting, and premium entertainment systems, to name a few. The Super One is planned to be available with AWD and two powertrain options: battery electric and, at a later date, an AI hybrid extended range (AIHER) configuration. The Super One isn't just about upgrading ones experience with automobiles — it's going to redefine it entirely. It will come equipped with the groundbreaking FF Super EAI F.A.C.E. (Front AI Communication Ecosystem) System, and the FF EAI Embodied Intelligence AI Agent 6x4 Architecture. These technologies mark the start of a major tech leap and product revolution in the AIEV era. Back in 2017, FF was the first in the industry to launch the new species of AIEV—the FF 91. And today, you are about to witness the birth of yet another new species: the First Class EAI-MPV, the FX Super One. This new species is expected to become the disruptor of the Cadillac Escalade in the EAI EV era. The Super EAI F.A.C.E. system, as a key tangible component of the FF EAI system, will replace the fixed "impersonal mask"— the static, lifeless look of traditional front grills. It not only brings each vehicle a unique expression — "a thousand faces for a thousand cars" — but more importantly, it brings the car AI agent the ability to perceive through five senses and express emotions, as well as the gateway to connect and communicate with the world. The FF EAI Embodied AI Agent 6x4 architecture is built on pure vision, end-to-end Vision-Language-Action (VLA) and world model. In the simplest terms, 6x4 architecture means there are six tech platforms, powered by the four tech systems. This enables AIEVs to evolve — with soul, personality, intelligence, and emotions — ushering into a new era where EAI EVs become truly intelligent. This year, the entire AI industry hit a major inflection point. FF upgraded the Architecture, remade the six tech platforms powered by the four tech systems, namely EAI Body System, EAI Powertrain and Chassis system, EAI Space System, and EAI Driving System. From introducing the concept of the Companies Bridge Strategy in May 2024 to unveiling the FX Super One today — when FF was preparing for the final Bridge Closure — it only took 14 months, with the unique Light 4, Swift 4, Focused 5, and Empowering 5 model of FF's Global Automotive Industry Bridge Strategy. Take technology empowerment as an example, FF could empower the mass-market FX vehicles with much of the core technology, software, and AI capabilities of the $300,000 FF 91. The FF AI 2.0 system, which was launched through OTA on the FF 91, will also be deployed in the potential FX lineup in the future. Why Super One: First, the Cadillac Escalade is mostly a status symbol for a select elite. Super One goes beyond serving celebrities and entrepreneurs — it's also tailored for families seeking a high-quality lifestyle. It belongs on the red carpet and on the school run — truly a 'first choice' that bridges diverse lifestyles and audiences. Second, FX Super One is an era ahead in product philosophy. It's born for a new era. Third, it's a complete upgrade in experience compared to Escalade. When it comes to space, the Super One offers a longer wheelbase and a more flexible cabin layout, delivering a first-class experience in every row. Inside the cabin, features like an all-temperature refrigerator, zero-gravity seats, and an intelligent widescreen, combined with the 5G Super AP + EAI platform, create an all-encompassing experience — from a mobile luxury residence to an AI-powered office on wheels. FX Super One will completely redefine how American users perceive traditional luxury business travel. It redefines space and quietly reshapes the way you connect with your family, work, and dreams. Five key breakthroughs in product value and the 10 distinctive product strengths: Here are the five big reasons and 10 key highlights why the FX Super One is a total game-changer. FX calls it the five key breakthroughs in product value and the 10 distinctive product strengths. Starting with the five key breakthroughs in product value. First, a whole new category. Second, it's more than just a car, it's a vehicle EAI agent, and your avatar. It redefines the whole driver-car relationship. You're not just driving, you're in sync. Third, Full-cycle Active Safety system. We're talking full-body smart safety—a high-strength steel structure, full-time electric AWD, and AI that can actually predict risk before it happens. Fourth, AI luxury and ultimate comfort like a private clubhouse. It breaks boundaries. It's the new gold standard for comfort. Fifth, Tech luxury, without the $300K price tag. It comes with extreme price performance ratio and running cost. Empowered by much of the FF 91's core value, this vehicle aims for accessible AI TechLuxury. Now let's dig into the real muscle behind the Super One—its 10 standout features. 1. It's got a F.A.C.E.—literally. Your car can become a vehicle EAI agent, it can actually express itself, communicate to the world, and even represent you as the face of the vehicle EAI Avatar. 2. Magic space that flexes to your life. Exceptional floor plan efficiency - 130-inch wheelbase, 51.2-inch cabin height, 33.86-inch third-row legroom and a flat floor. This thing feels massive inside—like skyscraper-level space management. Super comfortable getting in an out of. Two- and three-row common rail design, seat settings are more flexible, and the second and third rows can be mispositioned to care for babies and pets; Flexible sliding rows? Check. Room for six golf bags? Easy. Fold the seats flat and boom—it's a camper bed. 3. 360-degree safety, active + passive. Your peace of mind, always on. Triple high-strength cage body structure, more than 80% high-strength steel, side curtain airbags. 4. Two ways to roll—pure electric or AI Hybrid Extended Range (AIHER). Go full BEV for your daily drives and in-city journeys. Enjoy that silent, smooth techno-vibe. Or hit the interstate with our unique HEREV, the hybrid extended range EV, that crushes long-distance anxiety. 5. All-wheel drive. Never compromises on your drive. Every model comes with AWD. Smart dual motors and millisecond-level torque coordination give you the grip and control of a sports sedan. 6. The Floating Rear Zero-Gravity Seats. Where every moment is a recharge. Zero-gravity seats for all models, fully adjustable and body-hugging. Every seat is the VIP seat. 7. An EAI cabin that knows what you want—before you do. The EAI OS boots up in seconds and feels smoother than your phone. Voice, gestures—you name it. It gets you, and it's already one step ahead. 8. Mobile lounge —or office, your call. A massive, immersive screen paired with Dolby Atmos surround sound — a full immersive experience. And an all-temperature intelligent fridge that keeps your drinks hot or cold, anytime you want. It's your living room. It's your office. It's whatever you need it to be—on the move. 9. EAI Driving, Intelligent all-scene perception and driving suite. A vision-first VLA system powered by lidar, millimeter-wave radar, ultrasonic sensors, and high-definition cameras. Together, they create a 360° intelligent awareness network. It upgrades every aspect—vision, perception, and coverage—to give you smarter, safer, full-time protection on every journey. 10. Six major tech platforms to support a real embodied intelligence: FF AI has been upgraded to the FF EAI platform, leveraging EAI technology to fully empower four major tech systems and six key tech platforms — including applications, OS, hardware, mechanics, cloud, and AI. This makes the Super One not just an intelligent car, but an embodied intelligent lifeform on wheels. FX Super One Variants: Super One offers a tailored experience with six variants built around two powertrain choices. Each powertrain is then available in three interior layouts: the four-seat GOAT (Greatest-of-all-time) edition, six-seat edition, and the seven-seat edition. This diverse lineup makes sure there is a perfect Super One for every user. The four-seat GOAT edition is designed for Spire Communities. It pays homage to those who are the "best in their field." It carries the spirit of these Greatest-of-All-Timers. Inside, its ultra-large, retractable panoramic display rises at your command, building a private AI suite environment. It features a dual-zone, precision-controlled refrigerator between the seats with a temperature range between -6°C to 50°C (21°F to 122°F). Its NASA-inspired zero-gravity seats represent the peak of comfort and tech luxury. Its upgraded Super AP+ high-performance computing system and EAI platform, delivers seamless transition between work and leisure. The six-seat and seven-seat variants offer a more flexible layout. They balance business receptions and family trips. All in one, one for all. They serve your many roles and give you all-scenario luxury mobility. Final FX Super One specifications, pricing, on sale timing and other details will be announced later on this year so please stay tuned for updates. 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 "plan to," "can," "will," "should," "future," "potential," 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 Super One MPV, Super EAI F.A.C.E., and EAI Embodied AI Agent 6x4 architecture, 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 necessary agreements to 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; 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 secure necessary permits at its Hanford, CA production facility; the Company's ability to secure regulatory approvals for the proposed Super One front grill; the potential impact of tariff policy; 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. 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: Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
5 days ago
- Automotive
- Yahoo
Faraday X Announces Final User Experience Scenario in Its 7-Day Countdown on the Eve of the Global Initial Launch of the FX Super One MPV Taking Place on July 17
The 7-day countdown wraps today as the final signature ultimate user experience is unveiled. FX Super One is a truly all-scenario intelligent luxury MPV — and will deliver eight signature user values tailored for three core user groups. LOS ANGELES, July 17, 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, announced today the final ultimate user experience, a glamper's car, out of eight in its 7-day countdown for the Global Initial Launch of the FX Super One MPV & Super EAI F.A.C.E. & FF EAI Embodied AI Agent 6 x 4 Architecture, that will take place in Los Angeles on July 17. The event will include a livestream option beginning at 7:30 pm PT through the FF app and for those interested in seeing the global reveal of the FX Super One MPV. People are welcome to RSVP to the event and watch the livestream here: The eight ultimate user experiences of the FX Super One include: 1. FX Super One is the King of Red Carpet which is born for the spotlight. The ultimate and preferred choice for A-list travel; 2. It's a Mobile Livestream Studio which is the perfect vehicle for livestreaming, content creation, and brand promotion; 3. It's a Champion's Car: Supreme comfort meets massive utility. It's a vehicle designed for elite athletes, helping them recover from the arena and stay at their peak, even on the road; 4. FX Super One acts as a Mobile AI Office: An AI-powered productivity hub on wheels; 5. It's a Mobile AI Private Clubhouse, which makes every trip a chance for meaningful connections, from boardroom negotiations to private discussions; 6. It will be a Golfer's Car, ready to hit the greens, with a spacious trunk that fits six golf bags, the FX Super One matches your style and pace; 7. Super one is a Mobile Mansion which is more than just a vehicle, it's a moving family sanctuary that protects and cherishes your loved ones; 8. Finally, it will be a glamper's Car — When adventure calls, the FX Super One transforms into your perfect camping partner. Open the doors to a mobile open-air cinema, family karaoke setup, and a fully flat bed — turning every trip into a celebration of life. The FX Super One is an affordable mass market MPV, offering a spacious, meticulously crafted interior with high-end materials and advanced technology, the FX Super One prioritizes passenger comfort with a host of features including spacious seating, ambient lighting, and premium entertainment systems, to name a few. The Super One is planned to be available with AWD and two powertrain options: battery electric and, at a later date, AI hybrid extended range (AIHER). 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 "plan to," "can," "will," "should," "future," "potential," 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 plans for the Super One MPV, 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 necessary agreements to 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; 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 secure necessary permits at its Hanford, CA production facility; the Company's ability to secure regulatory approvals for the proposed Super One front grill; the potential impact of tariff policy; 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. 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: John Sign in to access your portfolio
Auto Car
15-07-2025
- Automotive
- Auto Car
Could "SUV bashing" mean the comeback of people carriers? Renault's design boss thinks so
Renault design boss Gilles Vidal predicts the people carrier could make a comeback to shake up the family car market as designers explore new ways of boosting efficiency and depart from the hallmarks of conventional SUV styling. People carriers, or multi-purpose vehicles (MPVs), used to be big business in Europe, with the likes of the Renault Scenic, Vauxhall Zafira, Ford Galaxy and Citroën Picasso claiming a huge share of the regional car market (the segment accounted for more than 10% at one point) on the basis of their ability to accommodate seven occupants in a tall cabin, while occupying a footprint comparable with an estate car. The decline of the MPV began in 2006 when Nissan launched the Qashqai - effectively the genesis of the crossover segment, which would come to be the default choice for family motoring and dominate Europe's car market. Currently, SUVs account for more than half of all European car sales, while MPVs have dropped to a market share in the low single digits. But Gilles Vidal says the transition to electrification could bring about a renaissance for the MPV segment, as car makers strive to make their vehicles as efficient as possible and exploit the packaging freedoms of EV 'skateboard' architecture. He said: "SUVs won the battle against the MPVs because MPVs are cars that you need but you don't desire, and suddenly SUVs with the same engines, same weight, same everything - they are shapes that you will desire. "Now there's an SUV bashing going on in Europe, especially. You would never do MPV bashing because it's a very respectable family car - but it's equally polluting, equally heavy, equally everything, so that's a weird society twist." Vidal added that the general concept of an SUV "is still attractive today for most people, and still a functional car in terms of size, roominess and practicality". But he said that as cars become more aerodynamic in pursuit of efficiency, we could see a return to lower, sleeker and more MPV-like silhouettes. "What will probably happen with SUVs is they will try to be more and more efficient, so maybe slightly lower and better in aerodynamics. They will morph into a very efficient car, less energy consuming, with equivalent habitability and roominess and everything that's probably the trend." He said Renault's segment-straddling Emblème concept (pictured below), due in production in the coming years as the first of a new-generation electric car line-up, is a 'morphing of all of that' – with a raised ride height but a sleeker, lower profile than any of Renault's current SUVs.
