Faraday Future Unveils First Production-Intent FF 91 EV Manufactured at Its Hanford, CA Factory

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HANFORD, Calif.–(BUSINESS WIRE)–Faraday Future Intelligent Electric Inc. (“FF”) (NASDAQ: FFIE), a California-based global shared intelligent electric mobility ecosystem company, today unveiled the first ultra-luxury electric vehicle FF 91 for the production. This marks the company’s manufacturing stage #4, from pre-production builds to final engineering validation and certification, now referred to as production vehicles. FF remains on schedule for the start of production (“SOP”) of the FF 91 in the third quarter of 2022.

“Building the first production vehicle at the Hanford plant is an important step towards the start of production in the third quarter. This iteration is the closest to the FF 91 production model we have seen to date” “The FF 91 is expected to be the first ultra-luxury electric vehicle to hit the market, with a unique driver and passenger experience,” said Matt Tall, vice president of manufacturing at FF.

The company will build more production vehicles over the coming months for vehicle testing and validation, as well as final certification. Production vehicles have production specification components. To watch a video of the vehicle unveiling, please visit: https://youtu.be/edkWSC_R-OI.

In October 2021, FF defined seven manufacturing stages leading to the SOP of FF 91. Stage #1 – Installation of pilot equipment in the pre-production construction area of ​​the Hanford factory; Step #2 – Obtain a certificate of occupancy, clearing the way for the company’s pre-production builds; and Milestone #3 – Commence foundation construction for all remaining production areas including body, paint, warehouse and vehicle assembly. The first three milestones have been achieved, and today’s event marks Milestone #4 – Pre-Production Builds for Final Engineering Validation and Certification.

With the completion of the first production vehicle, FF is launching the “Born in California, Global DNA” multi-channel communications campaign as well as our “ieMedals” co-creation campaign. The FF 91 is designed and built in California by FF co-creators and global company employees, with technology from many leading suppliers around the world.

To commemorate the production achievements of the FF 91, the company launched the ieMedals campaign. With each production vehicle manufactured in the months leading up to the FF 91 SOP, FF will honor a different FF 91 supplier from around the world with a unique ieMedal. FF Smart App users can earn Vendor ieMedals for their individual accounts by completing specific tasks or completing co-creation challenge requirements. ieMedals are electronic rewards added to users’ FFID accounts on the FF smart app.

To participate in the ieMedals campaign, futurists can download the FF smart app at: https://apps.apple.com/us/app/id1454187098 or https://play.google.com/store/apps/details? id= com.faradayfuture.online.

The FF 91 Futurist Alliance and FF 91 Futurist models have been designed to offer the next generation of mobility in luxury, performance and technology. They are high-performance electric vehicles, with unique internet, autonomous and intelligent (IAI) technology capabilities that enable the vehicle’s third unique internet living space.

Users can now reserve an FF 91 Futurist model through the FF smart app or FF.com at: https://www.ff.com/us/reserve.

Futurists can download the FF Intelligent app at: https://apps.apple.com/us/app/id1454187098 or https://play.google.com/store/apps/details?id=com.faradayfuture.online .

ABOUT FARADAY FUTURE

Faraday Future is a class-defining luxury electric vehicle company. The company has launched many innovations regarding its products, technology, business model and user ecosystem since its inception in 2014. Faraday Future aims to continuously improve the way people move by creating a mobility ecosystem before -thinking that integrates clean energy, AI, the Internet and new models of use. Faraday Future’s first flagship is the FF 91 Futurist.

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FORWARD-LOOKING STATEMENTS

This press release contains “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 “believe”, ” expects”, “expects”, “anticipates”, “expects”, “plans”, “intends”, “believes”, “seeks”, “may”, “will”, “should”, “future”, “proposes” and variations of these words or similar expressions (or negative versions of these words or expressions) are intended to identify forward-looking statements. These forward-looking statements 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 beyond the control of Faraday Future, which could lead to actual earnings or results. differ materially from those discussed in the forward-looking statements.

Important factors, among others, that may affect actual results or results include the implementation of the actions of the special committee and the related internal review by Faraday Future; Faraday Future’s ability to file Q3 Form 10-Q and other required public filings prior to the time specified in Nasdaq’s delinquency letter and its ability to regain compliance with Nasdaq’s continuous listing standards; Faraday Future’s ability to execute its vehicle development and commercialization plans and the timing of such development programs; Faraday Future’s estimates of the size of the markets for its vehicles and the costs of bringing its vehicles to market; the rate and degree of market acceptance of Faraday Future vehicles; the success of other competing manufacturers; the performance and safety of Faraday Future vehicles; potential litigation involving Faraday Future; the result of future funding efforts and general economic and market conditions affecting demand for Faraday Future’s products. 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 Preliminary Registration Statement on Form S-1 recently filed by Faraday Future and other filings by Faraday Future. 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 place undue reliance on any forward-looking statements, and Faraday Future undertakes no 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. .



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