Business
Faraday Future Founder and Co-CEO YT Jia Shares Weekly Investor Update: The Company Plans to Showcase its EAI Robotics Products and Showcase FF’s Innovative FX Par Model at the Upcoming NADA Show
LOS ANGELES, Sept. 01, 2025 (GLOBE NEWSWIRE) -- Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) (“Faraday Future”, “FF” or the “Company”), a
About this update from Faraday Future Intelligent Electric Inc.
[{"type":"text","content":"LOS ANGELES, Sept. 01, 2025 (GLOBE NEWSWIRE) -- 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 Global Co-CEO of FF. Co-CEO Weekly Report No. 18, also the 4th Monthly Report. “Let’s start with the major progress and announcement I teased last week: We plan to have the Middle East final launch for FX Super One at the end of October and kick off sales and first deliveries in November. Progress on EAI EV Flywheel This Week: On S1 User Ecosystem, FX Super One has officially rolled out a series of co-creation and sales events planned to be held across eight states. This week we wrapped up the Boston stop—packed crowd, great energy, and fantastic feedback. At Burning Man in Nevada, even though I couldn’t make it due to work conflicts, our team brought a special Burning Man edition Super One that turned heads everywhere. We also hosted the first “Go-Global Stand-Up Comedy Festival” and FX Super One Showcase at FF headquarters. Joe Wong, one of the top Chinese stand-up comedians, was on stage and kept the audience laughing throughout the show. The Super One demo and co-creation activities that followed were equally well received. Moving on to S5 Capital and Finance, this week, Jerry and I executed the first tranche of our 10b5-1 stock purchases—another clear step in living our “Stockholders First” principle. Pursuant to our plans, I will be completing the rest of my planned purchases within the next three weeks, and Jerry is set for his next round about a month from now. Out of the $105 million commitment we announced in July, by August 22 we had received about $60.6 million. The initial $37.6 million was disclosed in Friday’s Form D filing. Quick clarification here: on Form D you’ll see the phrase “Total Amount Sold.” That’s just standard legal wording. What it really means is that the company raised about $37.6 million by issuing convertible notes to investors—it doesn’t mean investors were “selling shares.” I just want to make sure no one misreads it. On S6 Middle East, as mentioned earlier, the Middle East launch of FX Super One will take place at the end of October, with first deliveries expected as early as November. This will be a histor...