An ultra-luxury electric vehicle startup, aiming to compete with the high-end models of Tesla and Lucid Motors.

• Electric Vehicles: High-performance luxury electric vehicles, primarily represented by their flagship FF 91 model.

Faraday Future Intelligent Electric Inc. (FFAI) engages in the design, development, manufacture, engineering, sale, and distribution of electric vehicles. As such, the company primarily sells its vehicles to individual consumers.

The company serves the following categories of customers:

1. High-Net-Worth Individuals: Customers with significant disposable income who are able and willing to purchase premium, high-performance luxury electric vehicles like the FF 91.
2. Early Adopters and Technology Enthusiasts: Individuals keen on embracing cutting-edge automotive technology, innovative features, and advanced connectivity offered by new EV brands.
3. Luxury Vehicle Consumers: Buyers in the ultra-luxury segment who seek exclusive, design-forward, and high-status automobiles, often looking for alternatives to traditional luxury brands.

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Matthias Aydt Global Co-Chief Executive Officer

Matthias Aydt has served as Global Chief Executive Officer of Faraday Future since September 29, 2023, and is also a director on the company's board. He joined Faraday Future in July 2016 and has held key senior roles including Senior Vice President of Business Development and Product Definition, Senior Vice President of Product Execution, Vice President of Vehicle Engineering, Vehicle Chief Engineer, and Head of Hardware Architecture. Prior to joining Faraday Future, Mr. Aydt served as Vice President of Vehicle Engineering at Qoros Auto from January 2015 to May 2016, and held various positions at Magna Steyr from 2006 to 2014, including Branch Manager and Head of Project Management at Magna Steyr China. He brings over 40 years of experience from luxury OEMs in manufacturing, technology, and operations and holds over 15 registered patents. He is listed as a founder of Faraday Future Intelligent Electric, Inc. since 2019.

YT Jia Founder, Global Co-Chief Executive Officer, and Chief Product and User Ecosystem Officer

YT Jia is the Founder and Global Co-Chief Executive Officer, as well as the Chief Product and User Ecosystem Officer (CPUO) of Faraday Future. He founded Faraday Future in May 2014. Mr. Jia was appointed Co-CEO on April 25, 2025. He previously served as CEO before stepping down in September 2019 to assume the role of CPUO. In his role as CPUO, he oversees AI, product definition, user experience, and the overall implementation of the internet eco-system model. He was initially the sole investor in Faraday Future.

Koti Meka Chief Financial Officer

Koti Meka was appointed Chief Financial Officer of Faraday Future, effective September 23, 2024. He has been a member of the Faraday Future team since February 2016. Before becoming CFO, Mr. Meka served as the company's Acting Head of Finance Operations since November 2023, where he managed finance operations, led financial planning and analysis, and supported initiatives for process improvement, target setting, and cost reduction. He holds a B.Tech. in Mechanical Engineering from Jawaharlal Nehru Technological University, India.

Jerry Wang Global President

Jerry Wang has served as the Global President of Faraday Future since March 2025. He is also a Partner and President of FF Global Partners, a position he has held since 2022. Prior to his current role, Mr. Wang served as Faraday Future's Vice President of Global Capital Markets from May 2018 to April 2022, and as Global Head of Capital Markets from January 2018 to May 2018.

Chui Tin Mok Executive Vice President, Global Head of UAE

Chui Tin Mok has served as Faraday Future's Executive Vice President and Global Head of User Ecosystem since August 2018. He also holds the title of Executive Vice President, Global Head of UAE. Mr. Mok founded Trend Lab Limited in January 2017. From September 2017 to January 2018, he was the President of EFT Solutions Limited (HKEx: 8062), a Hong Kong public company that provides online and offline payment solutions. He is also an executive director and board member for Faraday Future.

1. Liquidity Crisis and Going Concern Risk: Faraday Future Intelligent Electric faces severe liquidity issues, with its cash reserves having significantly plummeted, raising substantial doubt about its ability to continue as a going concern. The company has been heavily reliant on continuous and dilutive equity financing to fund its operations, leading to a substantial increase in outstanding shares and a significant drop in share value. Analysts have indicated a high risk of bankruptcy if additional capital is not secured.
2. Production Challenges and Delays: The company has a history of persistent delays in bringing its flagship FF 91 vehicle to mass production, despite years of promises. This inability to establish a consistent manufacturing rhythm and scale production to thousands of vehicles, unlike some peers, remains a critical operational challenge.
3. Intense Competition and Market Position: Faraday Future operates in a highly competitive electric vehicle (EV) market. It competes with established automotive giants and other well-funded EV startups, many of which have decades of profitable operations, robust supply chains, and significantly larger production scales. Faraday Future's luxury vehicle pricing strategy, limited production, and a tarnished brand due to past issues make it challenging to gain significant market share.

The rapid maturation and hyper-competition within the premium electric vehicle market, characterized by an influx of well-capitalized established automakers and other scale-producing startups, creates an increasingly difficult environment for Faraday Future to establish meaningful market share, achieve sustainable production volumes, and justify premium pricing. This intensified competition poses a significant threat to FFAI's viability by saturating the market and limiting its ability to differentiate effectively against rivals with superior resources and manufacturing scale.

Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) operates in the electric vehicle (EV) market, focusing on the design, development, manufacture, engineering, sale, and distribution of electric vehicles, including luxury EVs such as the FF 91 series, and more accessible models like the FX Super One MPV and the forthcoming FX 4 SUV. The company also emphasizes AI integration and an AI-powered mobility ecosystem.

The addressable markets for Faraday Future Intelligent Electric's main products and services are significant, both globally and within the United States.

Global Electric Vehicle Market

The global electric vehicle market was estimated at USD 1,328.08 billion in 2024 and is projected to reach USD 6,523.97 billion by 2030, exhibiting a Compound Annual Growth Rate (CAGR) of 32.5% from 2025 to 2030. Another estimate places the global EV market size at USD 988.70 billion in 2025, with a projection to increase to approximately USD 2,763.17 billion by 2035, growing at a CAGR of 10.82% from 2026 to 2035. Global electric car sales surpassed 17 million units in 2024. The passenger car segment accounted for the largest share of the market, at 89.0% in 2024, and is estimated to represent 95.5% of the total market, driven by strong demand for personal mobility and premium EV offerings. Battery Electric Vehicles (BEVs) dominated the market in 2024 and held the largest market share in 2025.

U.S. Electric Vehicle Market

In the United States, the electric vehicle market generated approximately USD 112.4 billion in revenue in 2024 and is expected to reach approximately USD 599.7 billion by 2030, with a CAGR of 32.2% from 2025 to 2030. Other estimates place the U.S. EV market size at USD 131.3 billion in 2024, with a projected growth to USD 439 billion by 2034, at a CAGR of 13.6%. In terms of units, U.S. electric car sales increased to 1.6 million in 2024, comprising more than 10% of the total light-duty vehicle market. The passenger car segment held the largest share of the U.S. electric vehicle market in 2024.

Faraday Future Intelligent Electric (symbol: FFAI) is expected to drive future revenue growth over the next 2-3 years through several key initiatives:

• Scaling Production and Deliveries of the FX Super One: The company is focused on the launch and ramp-up of its FX Super One model, which has already garnered over 10,000 nonbinding, nonrefundable preorders by July 31, 2025. Faraday Future has also finalized the U.S. production assembly plan and initiated national co-creation and sales events, indicating a strong push to bring this vehicle to market and generate substantial sales volume.
• Expansion into the Mass Market with the FX Brand: Beyond the ultra-luxury FF 91, Faraday Future is strategically pursuing an "FX mass-market strategy" using both B2B and B2C sales channels. This broader market approach, supported by an influencer-led marketing strategy, aims to significantly expand the customer base and revenue streams by targeting a wider demographic.
• Advancements in AI Technology and the All-AI Mobility Ecosystem: Faraday Future is heavily investing in AI-driven innovation, including expanding AI R&D and integrating an AI-driven in-vehicle interaction system into its FF 91 2.0 and upcoming FX models. The development of an "All-AI Mobility Ecosystem," encompassing Personalized AI and Bespoke AI initiatives, is expected to enhance product differentiation and attract customers, potentially leading to new revenue opportunities through advanced features and services.
• International Market Expansion: The company has stated intentions to develop its manufacturing capabilities in China through a joint venture, alongside existing engineering, sales, and operational capabilities in the region. This geographical expansion into the Chinese market presents a significant opportunity to tap into new customer segments and drive future revenue growth.
• Continued Production and Sales of the FF 91 2.0 Futurist Alliance: While expanding into the mass market, Faraday Future continues the production of its ultra-luxury FF 91 2.0 Futurist Alliance. Sustained deliveries of this high-priced flagship vehicle, which targets the ultra-luxury segment, will contribute to overall revenue.

Share Issuance

• In March 2025, stockholders approved an increase in authorized common stock by 25,000,000 shares, a 24% increase, to meet existing obligations for convertible notes and warrants, and to enable future financings.
• In January 2025, Faraday Future issued a single share of newly designated Series A Preferred Stock for $100 to investor Matthias Aydt, which carried 3 billion votes solely on a proposal to increase authorized Common Stock.
• Shareholders approved a proposed share issuance at a meeting around July 2024.

Inbound Investments

• In July 2021, Faraday Future raised approximately $1 billion from U.S. investors through PIPE (Private Investment in Public Equity) and a SPAC (Special Purpose Acquisition Company) merger, intended to finance the production of the FF 91 and FF 81 models.
• Since September 2024, the company secured more than $100 million in funding commitments, which included $30 million in Q3 2024 from unnamed investors and a further $30 million committed via unsecured convertible notes and warrants.
• The company secured $135 million in financing in Q3 2023.

Capital Expenditures

• As of July 2021, an estimated $377 million was projected for the launch of the FF 91, with $90 million allocated to complete the Hanford production facility.
• In Q3 2022, spending was concentrated on finalizing the California manufacturing plant.
• Faraday Future has implemented a hybrid global manufacturing strategy, utilizing its refurbished facility in Hanford, California, and collaborating with Myoung Shin, a contract manufacturing partner in South Korea.