Latest news with #preorders
Globe and Mail
a day ago
- Automotive
- Globe and Mail
Faraday Future Founder and Co-CEO YT Jia Shares Weekly Investor Update: Company Has Received Over 10,000 Paid Pre-Orders for the FX Super One MPV as It Marks the 4th Anniversary of FFAI's Public Listing
Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) ('Faraday Future', 'FF' or the 'Company'), a California-based global shared intelligent electric mobility ecosystem company, today shared a weekly business update from YT Jia, Founder and Co-CEO of FF. This press release features multimedia. View the full release here: Faraday Future Founder and Co-CEO YT Jia Shares Weekly Investor Update: Company Has Received Over 10,000 Paid Pre-Orders for the FX Super One MPV as it Marks the 4th Anniversary of FFAI's Public Listing 'This week marks the 4th anniversary of FFAI's public listing. Over the past four years, we've weathered countless ups and downs, pushed through our darkest hours, and stood firm in the face of doubts and challenges—never giving up. Above all, we are most grateful to the investors, stockholders, and partners who have stood by us. Your support is the reason our dream has never dimmed. As of the day of our July 17 Initial Product Launch of FX Super One, we have received over 10,000 paid pre-orders for this vehicle. Beyond the much-discussed Super EAI F.A.C.E., many people have asked me: what exactly are Super One's breakthroughs in product value for the U.S. market? To answer that, let's take a closer look at S2 and S3 Products & Technologies, where we've been carefully crafting. We've distilled five big breakthroughs in product value—these are what we believe give Super One its truly disruptive and differentiated edge in the U.S. market. First, it represents a whole new category—First Class EAI-MPV, addressing three key pain points for American users, including: Number one, traditional minivans may offer large interior space, but have poor power performance and safety, and offer no sense of luxury whatsoever. Number two, while the Escalade is luxurious, it's fundamentally constrained by its traditional, bulky SUV structure. This leads to a poor driving experience, inefficient use of space, and a compromised user experience overall. It's inconvenient to get in and out of and lacks the versatility for today's diverse lifestyles. Number three, let alone EAI capabilities, both of these vehicle types have almost zero AI capability and are stuck in a past era. We believe Super One is here to shatter old paradigms and deliver brand new value. Second, it is a vehicle EAI agent and an avatar of its owner. It redefines the human-vehicle relationship, moving from passive control to a partnership of mutual understanding and shared experience. It feels what you feel and accompanies where you go. Third, it delivers comprehensive intelligent active safety. Its high-strength steel body, electric AWD, and an AI risk prediction engine all work together to make every journey exceptionally safe and secure. Fourth, AI luxury and ultimate comfort like a private clubhouse, it breaks boundaries and sets new gold standards for luxury and comfort. Fifth, FF empowers the FX Super One with much of the core value of the $300,000 FF 91. With extreme price-to-performance ratio and running cost, it aims to bring accessible AI TechLuxury. S5: On capital markets and finance: After the July 17 launch, our Capital team organized a series of roadshows for investment institutions. We also had in-depth conversations with many investors online. A lot of investors are especially interested in our latest Web3 strategic partnership with HabitTrade, a well-known digital asset infrastructure platform. Many are excited about how FF, together with the Web3 industry, can once again generate eco chemistry and lead the next major trend in the industry. In fact, we've been researching and preparing in Web3 space for quite some time. We firmly believe that, with FF's unique AI and internet DNA, and by combining EAI mobility with Web3, blockchain technology, cryptocurrency, and stablecoin applications, we can create entirely new value for users and the industry. We're building a future where Web2 and Web3, on-chain and off-chain, the physical and virtual worlds, all come together. We look forward to sharing these exciting plans and updates with you soon. Thank you to all our investors for your continued attention and support for FF and FX. We'll keep driving the company's growth with open and transparent communication. Today we're starting with Government affairs updates in terms of S7 System and Capability Build-Up. This week, we brought the FX Super One and FF 91 to Capitol Hill in Washington, D.C. There, we held high-level closed-door discussions with over a dozen U.S. Congress members and tariff policy makers. We talked about important topics such as reshoring U.S. manufacturing, technological innovation, and industry policies related to tariffs—efforts that support the implementation of the Global Automotive Industry Bridge Strategy. After experiencing both models in person, the Congress members were very impressed. We believe we will fill a key gap in the market, upgrading the American consumer experience, and helping accelerate the reshoring of manufacturing and the advancement of the entire industry chain. But really, after the FX Super One's initial launch, this is only the beginning. The next crucial steps will be product delivery, a series of certification tests, and trial production. I'll be leading the team to give it our all in this new chapter—continuing our relentless execution. In August, we'll also be taking the FX Super One to the Pebble Beach Concours d'Elegance, the luxury car events. This fulfills the promise we made there last August, and we'll be sharing new outcomes from our bridge strategy. For us, attending Pebble Beach every year is not just about showcasing our products, it's about demonstrating our unwavering belief in making the impossible possible. We welcome friends and partners who are interested in joining us. See you next week.' 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 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.
GSM Arena
22-07-2025
- GSM Arena
Samsung Galaxy Z series sets pre-order record in Korea, Fold tops Flip for the first time
The new Galaxy Z series from Samsung is a hit. Just as analysts predicted, it set a new record for pre-orders of foldable devices in South Korea. The Samsung Galaxy Z Fold7 and Galaxy Z Flip7 (and presumably the Z Flip7 FE) saw 1.04 million pre-orders in the week spanning July 15 to 21. That topped the previous record set by the Z 5 generation of 1.02 million pre-orders. More importantly, it beats last year's Galaxy Z Fold6 and Z Flip6 pre-orders by a solid 14% (those managed 910,000 pre-orders). The Galaxy Z Fold7 saw more pre-orders than the Z Flip7 The report by ETNews contains some interesting statistics. For example, the Galaxy Z Fold7 is now the most popular model, accounting for 60% of pre-orders registered with the three major carriers: SK Telecom, KT and LG U+. The FE model is not mentioned explicitly in the report, so we don't know how the remaining 40% are divided between the two flips. For context, last year the split was 60/40 in favor of the Z Flip6. And in 2023 the gap was even wider with a 70/30 split in favor of the Z Flip5. This is the first time that the Fold has beaten the Flip. Samsung Galaxy Z Fold7 and Galaxy Z Flip7 The demographic breakdown is quite interesting too. According to data from SK Telecom, 83% of Z Fold7 buyers were male, while the Z Flip7 skewed female with 59%. The typical buyer of a foldable phone is older now with more than 60% of pre-orders coming from people aged 30-50 years old. For comparison, more than half of Z Flip6 and Z Fold6 pre-orders last year came from people in their 20s and 30s. Blue Shadow, the most popular color for the Galaxy Z Fold7 and Z Flip7 Finally, the most popular color for both the Fold and the Flip proved to be the new Blue Shadow. The second most popular picks were Jet Black for the Z Fold7 and Coral Red for the Z Flip7. While this report is primarily focused on South Korea, it does include a tidbit about the Indian market – the Galaxy Z 7 series saw 210,000 pre-orders in India in just the first two days. This is comparable to the pre-orders for the Galaxy S25 phones earlier this year and a record for foldables in the country. Source Samsung Galaxy Z Fold7 Samsung Galaxy Z Flip7 Samsung Galaxy Z Flip7 FE 5G
Phone Arena
21-07-2025
- Business
- Phone Arena
Flip who? Galaxy Z Fold 7 finally winning more hearts – and pre-orders
Samsung recently pulled the curtain back on its latest foldables – the Galaxy Z Fold 7, Galaxy Z Flip 7 and the more affordable Galaxy Z Flip 7 FE. And even though the phones are still in the pre-order phase, the early numbers are already speaking volumes. Trade-in $999 99 $2119 99 $1120 off (53%) Pre-order the Galaxy Z Fold 7 at Samsung and grab a free storage upgrade on the 512GB model. On top of that, you can save an extra up to $1,000 with eligible device trade-ins. Alternatively, you can get the phone with a $300 Samsung Credit. Pre-order at Samsung Trade-in $499 99 $1219 99 $720 off (59%) Pre-order the Galaxy Z Flip 7 at Samsung and save $120 as a free storage upgrade on the 512GB variant. On top of that, you'll save up to $600 with eligible device trade-ins. Alternatively, you can get it with a $150 Samsung Credit. Pre-order at Samsung In India, the new Z series is gaining serious traction, even getting close to the pre-order numbers of the flagship Galaxy S25 lineup, which is a pretty big deal for foldables. Meanwhile, there is a surprise coming from Samsung's home turf – South Korea, too. For years, the Galaxy Z Flip models have consistently dominated the company's foldable sales, pulling in the majority of pre-orders every year. That's been the pattern… until now. According to a new report, 2025 is flipping the script. For the first time ever, the Galaxy Z Fold 7 is getting more pre-orders than the Flip 7 in South Korea. The numbers say it all: the Fold 7 is reportedly pulling 60% of pre-orders, while the Flip 7 sits at 40%. Compare that to last year, when the Galaxy Z Flip 6 had the 60% share and the Galaxy Z Fold 6 lagged behind at 40%. Go back one more year and the Galaxy Z Flip 5 was at 70% while the Galaxy Z Fold 5 only grabbed 30%. So what changed? Well, the Galaxy Z Fold 7 isn't just another refresh – it's a major step up. And even though Samsung bumped up the price this year, it clearly hasn't scared people off. In fact, it seems like more buyers are now ready to jump on the book-style foldable train and the Z Fold 7 might be the one that finally convinces them it's worth it. Video credit – PhoneArena The Fold 7 brings real upgrades to the table: it adopts the 200 MP camera from the Galaxy S25 Ultra, it sports a larger foldable inner display, and the outer screen now has a much more usable 21:9 aspect ratio. At 6.5 inches, it actually feels like a normal smartphone when closed, which wasn't always the case with previous models. Add in all the Galaxy AI features and Samsung's promise of 7 years of OS and security updates and it's no wonder the Z Fold 7 is suddenly grabbing more attention than ever. This could very well be the turning point where the book-style foldable finally outshines the Flip when it comes to sales numbers.
GSM Arena
20-07-2025
- Business
- GSM Arena
Weekly poll results: Galaxy Z Fold7 and Z Flip7 are great but pricey, Z Flip7 FE is a miss Comments
Analysts: the Galaxy Z Fold7 and Z Flip7 are headed for record-breaking pre-orders in Korea
Phone Arena
15-07-2025
- Business
- Phone Arena
Galaxy Z Fold 7 and Z Flip 7 might break records in a key market for Samsung
Samsung might reach a record-breaking number of pre-orders for the Galaxy Z Fold 7 and Galaxy Z Flip 7 in South Korea. The positive initial response to the series is an indication that the new lineup might break the current pre-orders record for the series, which was set two years ago. Analysts are basing their predictions on the very high interest consumers have shown in the Samsung Galaxy Z Flip 7 and Galaxy Z Fold 7 even before the official announcement of the devices. The pre-order reservations on Samsung's official website reached over 160,000 people in the two weeks before the devices' reveal on July 9. The current pre-order record for Samsung's foldables in Korea is held by the Galaxy Z Flip 5 and Galaxy Z Fold 5, which reached 1.02 million pre-orders. Last year's Galaxy Z Fold 6 and Galaxy Z Flip 6 failed to improve that benchmark, selling about 10% fewer units during pre-orders than their predecessors. A key caveat to consider is that this prediction was made for the South Korean market. While that's one of the most important markets for the company, various factors unrelated to the quality of the devices might affect their the most important right now is the turmoil at South Korea's biggest mobile carrier, SK Telecom. The company was hit by a massive data breach, which led to a dramatic loss of subscribers over the past few months. Its main competitors – KT and LG U+ – are happily offering amazing deals in am attempt to attract those subscribers. Galaxy Fold 7: Super-thin design and wider cover screen! (hands-on) The release of the Galaxy Z Fold 7 and Galaxy Z Flip 7 is seen by all South Korean telecoms as an opportunity to go all-out in attracting new customers. In addition, the Korean government recently repealed a regulation requiring telecoms to disclose the details of carrier subsidy deals. With that change, carriers could increase the subsidies as much as they want in order to attract new subscribers. Galaxy Flip 7: maxed-out cover screen and thinner design! (hands-on) I think there's a high chance that analysts will hit the mark with this prediction. After the underwhelming lineup from last year, Samsung made the necessary changes to both its foldables while keeping their prices unchanged. Even if there are some decent alternatives, the Galaxy Z Fold 7 and Galaxy Z Flip 7 are probably the easiest choice for anyone who wants to own a foldable. $1120 off (53%) Pre-order the Galaxy Z Fold 7 at Samsung and grab a free storage upgrade on the 512GB model. On top of that, you can save an extra up to $1,000 with eligible device trade-ins. Pre-order at Samsung $720 off (59%) Pre-order the Galaxy Z Flip 7 at Samsung and save $120 as a free storage upgrade on the 512GB variant. On top of that, you'll save up to $600 with eligible device trade-ins. Alternatively, you can get it with a $150 Samsung Instant Credit. Pre-order at Samsung Secure your connection now at a bargain price! We may earn a commission if you make a purchase Check Out The Offer
