By Daniel Webster, dWeb.News
NEW YORK—-(BUSINESS WIRE)-Faraday Future (“FF”) is a California-based global shared intelligence mobility ecosystem company that announced today that its shares are listed on the Nasdaq Stock Market. The company was renamed “Faraday Future Intelligent Electric Inc.” and its Class A common stock (and warrants) traded on the Nasdaq Stock Market using the ticker symbols “FFIEW” and “FFIEW”. The “I” stands to stand for Intelligent and Internet and the “E” for Ecosystem and Electric. This is because FF is more than an EV company. It’s also an internet and technology company as well as an AI product company and a software company.
“Today marks the end of a noble vision, mission and mission that was started seven years ago in California by YT Jia. This is also the common goal of our global partners, also known as The Futurist Alliance,” stated Dr. Carsten Breitfeld. Faraday Future’s Global CEO. “We thank all our investors, partners, internal and external partners, for their trust in our leadership, product technology, and business model. We are confident in the delivery of our FF 91 Futurist within the next 12 months.”
FF also announced a brand-new reservation policy in its FF 91 Futurist. The first FF 91 Futurist Alliance Edition will only be available in 300 units worldwide, and there will be a $5,000 priority reservation deposit. The initial FF 91 owners will receive three privileges: Futurist Alliance membership and Spire Club membership. Next generation product upgrade privileges will also be available to them. FF also launched the FF 91 Futurist Edition with a priority deposit of $1,500.
YT Jia was the FF Founder, Chief Product and User Ecosystem officer, and helped to create and develop the ultimate in intelligent techluxury FF 91. He is now focusing his efforts on improving product power and establishing a user ecosystem. The next generation of intelligent internet EV products, the FF 91 Futurist Edition and FF 91 Futurist models, are unmatched in their product power. They are high-performance EVs and all-ability cars. They also provide the third internet living space. The FF 91 Futurist is powered by a 1050 hp, 130kWh lithium-ion battery pack. It can reach 0-60 mph in 2.4 seconds. It also features tri-motor torque vectoring and rear wheels that are independently driven and controlled using dual rear motors. FF 91 also features the industry’s only super AP to provide internet connection at “light speeds”, video streaming on IPID, rear intelligent internet system and Intelligent Seamless Entry.
The FF Intelligent app will allow users to book test rides, reserve a FF 91, create an FFID and book exclusive test rides. Users can also book a tour of FF headquarters in Los Angeles. The FF Intelligent App serves as a social community, a reservation platform for FF 91, and a platform where all Futurists can connect and communicate. It is also the most important platform to facilitate the value creation and sharing of our FF user community. You can learn more about our products, and interact with the technology that makes FF stand out from other EV companies. Users will have the opportunity to join a Futurist Product Officer program, interact with FF employees and executives, and share their thoughts and ideas. To download the FF Intelligent App, go to: http://appdownload.ff.com
Through its business combination, Property Solutions Acquisition Corp. and FF, FF was able to secure approximately $1 billion. This will provide enough funding to deliver the FF 91 Futurist model within 12 months to our global customers, disrupt the existing ultra-luxury brands, and make us the industry’s No. We are the market leader in the highest-value market segment, with future models being launched, and we are positioned at the top.
YT Jia founded FF’s Global Partnership three years ago, with half of his FF shares. Six FF external partners from different industries joined FF’s internal partners to ring the bell at the Nasdaq bell ringing event. FF has been able to innovate products since its inception. These innovations are based on the intelligent driver platform and third internet living area. FF is the only company to have both U.S. and Chinese dual DNA and home-market advantages. It is a Futurist value chain and ultimate techluxury brand.
Users can reserve an FF 91 now at: https://www.ff.com/us/reserve
Founded in May 2014, FF, a global shared intelligent mobility company, is headquartered in Los Angeles. FF has been a pioneer in product innovation, technology innovation and business model and profit model innovations, as well as user ecosystem and governance structure innovation since its inception. FF is the only company to have dual DNA from China and U.S. and dual home-market benefits. FF was listed on Nasdaq on July 22, 2021 under the new company name “Faraday Future Intelligent Electric Inc.” and the ticker symbols FFIE for its Class A common stock, and FFIEW for its warrants. The “I” stands to stand for Intelligent and Internet and the “E” for Ecosystem and Electric. This is because FF is more than an EV company. It’s also an internet and technology company as well as an AI product company and a software company. FF’s vision is to improve the mobility of people by creating a forward-thinking ecosystem that integrates clean electricity, AI and the Internet. FF’s first flagship product, FF 91 Futurist, is a product with unparalleled product power. It has the ultimate brand positioning in techluxury. It is more than a high-performance electric vehicle, an all-ability car and a robot vehicle. It is also the Third Internet Living Space.
FOLLOW FARADAY’S FUTURE:
NO OFFER OR SOLICITATION
This communication does not constitute an offer or solicitation to buy securities. It also does not permit the sale of securities in any jurisdiction where the offer, solicitation, or sale would be illegal prior to registration or qualification under any securities laws.
FORWARD LOOKING STATEMENTS
This press release contains “forward-looking statements” within the meanings of the “safe harbour” provisions of the United States Private Securities Litigation Reform Act (1996). The words “estimates,” “projected,” “anticipates,” “forecasts,” “plans,” [intends], “believes], “seeks,” and variations of these words, or similar expressions (or negative versions thereof), are used in this press release to identify forward-looking statement. Forward-looking statements do not guarantee future performance, conditions, or results. They involve a variety of unknown risks, uncertainties and assumptions that could cause actual results to differ materially from the ones discussed in forward-looking statements. Among the important factors that could affect actual results and outcomes are: the inability of FF to recognize the anticipated benefits from the business combination and the timing of these plans; FF’s estimates of the size and acceptance of its vehicles in the market; FF’s estimates of FF’s market share; the performance and security FF’s vehicles; any litigation involving FF; future financing efforts and general economic conditions that impact demand for FF’s products. These factors are not all inclusive. The above factors should be carefully considered along with the other risks and uncertainties detailed in the “Risk Factors” section of the registration statement for Form S-4 and proxy statement/consent request statement/prospectus, and other documents previously filed at Property Solutions Acquisition Corp. by Faraday Future Intelligent Electric Inc. as filed from time to time with SEC. These filings address important risks and uncertainties that could lead to actual results and events differing materially from those in forward-looking statements. Forward-looking statements are only accurate as of the date they were made. Forward-looking statements should not be relied upon by readers. FF is not obligated to update or revise forward-looking statements as a result or future events, except as required under law.
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