Business
Faraday Future Secures Binding Deposit for 600 FX Super One MPV from New PBB Auto, and is Also Exploring a Partnership for an FX Par Location in the Los Angeles Area
The 600-unit pre-order demonstrates the growing recognition of FX’s innovative co-creation ecosystem online direct sales with industry partners. FF and New
About this update from Faraday Future Intelligent Electric Inc.
[{"type":"text","content":"\n\nThe 600-unit pre-order demonstrates the growing recognition of FX’s innovative co-creation ecosystem online direct sales with industry partners.\n\n\n\nFF and New PBB Auto are exploring the potential for deeper collaboration, including New PBB Auto potentially becoming the first FX Par strategic partner in the Los Angeles region.\n\n\n\n LOS ANGELES--(BUSINESS WIRE)--\nFaraday 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 it has signed another binding FX business-to-business (B2B) deposit agreement with Los Angeles based New PBB Auto Inc., which includes a non-refundable deposit and a non-binding pre-order for 600 units of the Company’s highly anticipated FX model, the Super One MPV (multi-purpose vehicle).\n\n\nNew PBB Auto is well-known in the automotive sales and maintenance sectors in the Los Angeles metro area. With a comprehensive range of services including new and used car sales, after-sales maintenance, and auto loans, the company has established itself in the Los Angeles region for nearly a decade.\n\n\nNew PBB Auto paid a $60,000 non-refundable deposit, which it can use toward the purchase of one or more FX vehicles, and secures priority delivery of up to 180 FX vehicles for purchasers it identifies, subject to an additional payment. This B2B order highlights the strong appeal of the Super One on the West Coast, particularly in the Los Angeles area. With California leading the country in EV sales, the state represents a critical market for FX’s business and overall success.\n\n\nThe remaining reserved vehicles could be for additional users that New PBB Auto identifies. FX Super One will provide a superior user experience with the cutting-edge technologies and advanced luxury features that it will offer.\n\n\nNew PBB Auto will also collaborate as a paid co-creation partner, enhancing the AI-MPV experience.\n\n\nThe FX Super One is expected to launch as a pure electric vehicle, with a super AI hybrid extended range (AIHER) electric powertrain option to follow. The first Super One model is planned to roll off the production line by the end of this year.\n\n\n“Partnering with New PBB Auto marks a strategic move to localize our planned innovative MPV model by combining our ...