Faraday Future Intelligent Electric Inc. engages in the design, development, manufacture, engineering, sale, and distribution of electric vehicles and related products in the United States and internationally. The company was founded in 2014 and is headquartered in Gardena, California.
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- FF 91 Futurist Electric Vehicle: An ultra-luxury, high-performance electric vehicle designed for the premium mobility market.
- Vehicle Sales and Delivery Services: Direct sale and delivery of their electric vehicles to customers.
- After-Sales Support Services: Comprehensive maintenance, repair, and technical assistance for their electric vehicles.
- Software and Connectivity Services: Over-the-air software updates, in-car infotainment, and connected car features to enhance the user experience.
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Faraday Future Intelligent Electric (symbol: FFAI) primarily sells its luxury electric vehicles directly to individuals rather than other companies.
The company targets a niche market of high-end consumers. The categories of customers it serves include:
- Ultra-luxury Consumers / High-Net-Worth Individuals (HNWIs): These customers seek exclusive, high-performance, and technologically advanced vehicles. They are willing to pay a premium for status, innovation, and a bespoke ownership experience that aligns with their affluent lifestyle.
- Early Adopters of Cutting-Edge Technology: Individuals who are passionate about leading-edge automotive technology, particularly in the electric vehicle (EV) space, and desire to be among the first to own innovative and distinctive vehicles that showcase the latest advancements.
- Luxury Car Collectors and Enthusiasts: A segment of buyers who view the FF 91 as a unique and significant addition to their collection of high-value, rare, or technologically advanced automobiles, appreciating its distinct design and performance characteristics.
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- LG Energy Solution (373220.KS)
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Here is the management team for Faraday Future Intelligent Electric (FFAI):
Matthias Aydt
Global Co-Chief Executive Officer
Matthias Aydt has served as Faraday Future's Global Chief Executive Officer since September 29, 2023. He joined FF in July 2016, holding various leadership roles including Senior Vice President of Business Development and Product Definition, Senior Vice President of Product Execution, and Vice President of Vehicle Engineering. Prior to his tenure at Faraday Future, Mr. Aydt served as the Vice President of Vehicle Engineering at Qoros Auto from January 2015 to May 2016. He also held multiple positions at Magna Steyr from 2006 to 2014, including Branch Manager and Head of Project Management at Magna Steyr China. Mr. Aydt has over 40 years of experience in luxury OEMs, covering manufacturing, technology, and operations, and has garnered over 15 registered patents.
YT Jia
Global Co-Chief Executive Officer, Founder
Jia Yueting (YT Jia) is the founder of Faraday Future, which he established in May 2014. He also serves as Global Co-Chief Executive Officer. Prior to founding Faraday Future, Mr. Jia founded LeEco, an entertainment streaming service that expanded into various tech products and services. He stepped down as CEO of Faraday Future in 2017 due to financial challenges but later reclaimed his position. In 2019, he filed for personal bankruptcy and transitioned from CEO to Chief Product and User Officer before later reassuming a Co-CEO role.
Koti Meka
Chief Financial Officer
Koti Meka was appointed as Faraday Future's Chief Financial Officer and principal financial officer, effective September 23, 2024. He has been a member of the Faraday Future team since February 2016, where he has held various financial positions, including Acting Head of Finance Operations since November 2023. In his previous roles at FF, Mr. Meka managed finance operations, led financial planning and analysis, and supported initiatives for process improvement, target setting, and cost reduction.
Jerry Wang
Global President
Jerry (Jiawei) Wang has served as the Global President of Faraday Future Intelligent Electric since March 2025. He is also a Partner and President of FF Global Partners, a founding shareholder of FF comprising key executives, a role he has held since 2022. Before his current roles, Mr. Wang was Faraday Future's Vice President of Global Capital Markets from May 2018 to April 2022. His earlier positions at FF include Global Head of Capital Markets from January 2018 to May 2018, and General Manager of China Capital Markets from March 2017 to January 2018.
Scott Graziano
Global General Counsel
Scott Graziano has served as the Global General Counsel at Faraday Future since September 2023, reporting directly to the CEO. Mr. Graziano brings extensive experience in managing legal departments at publicly listed U.S. companies and a career at esteemed law firms. Prior to joining Faraday Future, he held roles at Healthpeak Properties, Inc., including Senior Vice President, Deputy General Counsel, and Corporate Secretary.
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The clear emerging threats for Faraday Future Intelligent Electric (FFAI) include:
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Rolls-Royce Spectre: The launch and ongoing deliveries of the Rolls-Royce Spectre, the brand's first fully electric vehicle, represent a direct and significant emerging threat. Rolls-Royce, an iconic leader in the ultra-luxury segment, is now offering a proven, prestigious, and highly capable electric vehicle that directly competes for the same ultra-high-net-worth individual (UHNWI) demographic as the FF 91 Futurist. The Spectre combines established luxury, brand heritage, and a global service network with electric propulsion, severely challenging Faraday Future's aspirational position as the definitive future of ultra-luxury EVs, particularly given FFAI's significant production and financial hurdles.
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Intensifying Competition from High-Performance, Ultra-Luxury EVs: The increasing availability and market presence of compelling electric vehicles from both established luxury brands and more mature EV startups directly targeting FFAI's niche poses a growing threat. This includes vehicles like the Lucid Air Sapphire and high-end offerings from Porsche (e.g., expanded Taycan range) and Mercedes-Benz AMG EVs. These competitors offer advanced technology, performance, and luxury, often backed by greater production capabilities, robust financial resources, and more extensive service networks, making it exceedingly difficult for FFAI to secure market share or justify its premium pricing and "futurist" claim.
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Addressable Markets for Faraday Future Intelligent Electric (FFAI)
Faraday Future Intelligent Electric's primary product, the FF 91, targets the luxury electric vehicle (EV) market. The company also plans to introduce mass-market models and has recently launched the FX Super One, an intelligent electric MPV.
The addressable market sizes for Faraday Future's main products and services are as follows:
* Global Luxury Electric Vehicle Market: The global luxury electric vehicles market is estimated at approximately USD 219.31 billion in 2025 and is projected to reach around USD 463.27 billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 16.13% during the forecast period. Other projections indicate the market could reach USD 1,169.41 billion by 2034, with a CAGR of 18.02% from 2025 to 2034. In 2023, Asia-Pacific led this market, followed by Europe and the U.S.. North America is expected to capture a substantial 30% revenue share in the luxury EV market by 2022.
* Global Electric Vehicle Market (Broader Context): The overall global electric vehicle market, encompassing all segments, is significantly larger. It is calculated at USD 988.70 billion in 2025 and is forecasted to reach approximately USD 2,529.10 billion by 2034, with a CAGR of 11% from 2025 to 2034. The Asia Pacific region is projected to be the largest market for EVs, with strong government support and high consumer adoption.
* Middle East First Class EAI-MPV Market (FX Super One): Faraday Future recently launched the FX Super One, an AI Hybrid Extended Range (AIHER) Multi-Purpose Vehicle (MPV), in the UAE, targeting the First Class EAI-MPV segment. While a specific market size for this niche "First Class EAI-MPV" segment in the Middle East is not explicitly quantified in the provided data, the company has announced the FX Super One will compete with full-size luxury SUVs and MPVs, such as the Cadillac Escalade and Mercedes-Benz V-Class. The Middle East & Africa region is projected to hold 18.5% of the global Luxury Electric Vehicle market in 2024.
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Faraday Future Intelligent Electric (FFAI) anticipates several key drivers for future revenue growth over the next 2-3 years:
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Launch and Expansion of the Mass-Market FX Brand: A primary driver is the strategic launch and scaling of the new FX brand, targeting the mass market with models like the FX 5 and FX 6, priced between $20,000 and $50,000. The FX Super One MPV is expected to be unveiled in June 2025, with potential production rolling off the assembly line by the end of 2025. This expansion into a broader market segment is poised to significantly increase sales volume compared to the ultra-luxury FF 91.
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Continued Deliveries and Market Penetration of the FF 91 2.0 Futurist Alliance: Ongoing deliveries of the flagship FF 91 2.0 Futurist Alliance to its "spire users and co-creators" will continue to contribute to revenue. The company has also made strides in expanding the FF 91's market presence, including officially entering the East Coast market of the United States.
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Strategic Geographic Expansion: Faraday Future is focused on growing its global footprint, particularly through expansion into the Middle East. This includes establishing cooperative relationships with Chinese OEMs and a strategic partnership with RAK Motors to oversee sales and services in the UAE, which is crucial for market entry and revenue generation in new territories.
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Advancements and Integration of AI Technology (FF AI 2.0): The introduction of FF AI 2.0, deeply integrated with OpenAI, for both the FF 91 and future FX models, aims to enhance the intelligent driving experience and overall product appeal. This technological differentiation could attract a wider customer base and potentially lay the groundwork for future service-based revenue streams.
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Share Issuance
- The number of shares outstanding for Faraday Future Intelligent Electric increased by 2,026.22% in one year.
- A reverse stock split with a ratio of 1:40 was executed on August 19, 2024.
Inbound Investments
- Faraday Future secured approximately $105 million in new cash financing commitments during the second quarter of 2025.
- The company's C10 Treasury obtained an initial $30 million financing commitment in August 2025.
- Faraday Future entered into strategic cooperation agreements with Master Investment Group and Siraj Holding LLC for its expansion into the Middle East market, and also formed a collaboration with the Abu Dhabi Investment Office (ADIO).
Capital Expenditures
- Capital expenditures were $31 million in 2023, a significant reduction from $123 million in 2022.
- The company forecasts a median capital expenditures growth of 55.0% over the next five fiscal years.
- Capital expenditures are primarily focused on expanding manufacturing capacities, developing new models, and improving existing models, with specific work at the Hanford, California facility.
