Faraday Future Conducts First FX AIEV Co-Creation Experience Event at Its Los Angeles Headquarters

LOS ANGELES--(BUSINESS WIRE)--Apr 6, 2025--

Faraday Future Intelligent Electric Inc. (Nasdaq: FFAI) (“FF”, “Faraday Future”, or the “Company”), a California-based global shared intelligent electric mobility ecosystem company, today held the first FX AIEV Co-Creation Experience Event for Company employees at its Los Angeles headquarters. The event allowed FF employees to drive and experience various FX prototype mules. Xiao (Max) Ma, Global CEO of the FX brand was on hand to kick off the event and gave employees an update on the progress of the FX brand along with goals and expectations for 2025. The ride and drive event kicked off what will be the first of many more experiential events for the planned FX brand, which will be held regularly throughout this year in anticipation of the first FX model to roll off the line the end of 2025.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250406936652/en/

The FX brand is planned to target the mass market segment, advancing a new chapter in the Company's overall product strategy. FX currently plans for up to three models: an AI-MPV product—named the Super One, the FX 5, and the FX 6, focusing on the $20,000 - $80,000 base price segment.

FX is making solid progress since the beginning of this year. The FX Super One is anticipated to be unveiled to the public in June 2025, and two FX 6 prototype mules that recently arrived in Los Angeles are undergoing holistic testing and validation, including focusing on the Advanced Driver-Assistance Systems (ADAS) of the vehicles.

“It was truly an exciting day to be able to drive and experience these new FX models,” said Max. “We are using this event to kick off the first of many ride & drives for these vehicles this year with the FX planned models, the first of which will come off the line the end of 2025.”

ABOUT FARADAY FUTURE

Faraday Future is a California-based global shared intelligent electric mobility ecosystem company. Founded in 2014, the Company’s mission is to disrupt the automotive industry by creating a user-centric, technology-first, and smart driving experience. Faraday Future’s flagship model, the FF 91 2.0 Futurist Alliance, exemplifies its vision for luxury, innovation, and performance. The new FX strategy aims to introduce mass production models equipped with state-of-the-art luxury technology similar to the FF 91 2.0, targeting a broader market with middle-to-low price range offerings. For more information, please visit https://www.ff.com/us/.

FORWARD-LOOKING STATEMENTS

This press release includes “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 “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements, which include statements regarding the Super One, the FX 5 and the FX 6, 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 outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include, among others: the Company’s ability to secure the necessary funding to execute on the FX strategy, which will be substantial; the Company's ability to secure necessary agreements to license and/or produce Super One, FX 5 or FX 6 vehicles in the U.S., the Middle East, or elsewhere, none of which have been secured; the Company's ability to homologate the Super One, FX 5 or FX 6 for sale in the U.S., the Middle East, or elsewhere; the Company's ability to secure necessary permits at its Hanford, CA production facility; the Company’s ability to continue as a going concern and improve its liquidity and financial position; the Company’s ability to pay its outstanding obligations; the Company's ability to remediate its material weaknesses in internal control over financial reporting and the risks related to the restatement of previously issued consolidated financial statements; the Company’s limited operating history and the significant barriers to growth it faces; the Company’s history of losses and expectation of continued losses; the success of the Company’s payroll expense reduction plan; the Company’s ability to execute on its plans to develop and market its vehicles and the timing of these development programs; the Company’s estimates of the size of the markets for its vehicles and cost to bring those vehicles to market; the rate and degree of market acceptance of the Company’s vehicles; the Company’s ability to cover future warrant claims; the success of other competing manufacturers; the performance and security of the Company’s vehicles; current and potential litigation involving the Company; the Company’s ability to receive funds from, satisfy the conditions precedent of and close on the various financings described elsewhere by the Company; the result of future financing efforts, the failure of any of which could result in the Company seeking protection under the Bankruptcy Code; the Company’s indebtedness; the Company’s ability to cover future warranty claims; the Company’s ability to use its “at-the-market” program; insurance coverage; general economic and market conditions impacting demand for the Company’s products; potential negative impacts of a reverse stock split; potential cost, headcount and salary reduction actions may not be sufficient or may not achieve their expected results; circumstances outside of the Company's control, such as natural disasters, climate change, health epidemics and pandemics, terrorist attacks, and civil unrest; risks related to the Company's operations in China; the success of the Company's remedial measures taken in response to the Special Committee findings; the Company’s dependence on its suppliers and contract manufacturer; the Company's ability to develop and protect its technologies; the Company's ability to protect against cybersecurity risks; and the ability of the Company to attract and retain employees, any adverse developments in existing legal proceedings or the initiation of new legal proceedings, and volatility of the Company’s stock price. You should carefully consider the foregoing factors, and the other risks and uncertainties described in the “Risk Factors” section of the Company’s Form 10-K filed with the SEC on March 31, 2025, and other documents filed by the Company from time to time with the SEC.

Faraday Future Conducts First FX AIEV Co-Creation Experience Event at Its Los Angeles Headquarters

Faraday Future Conducts First FX AIEV Co-Creation Experience Event at Its Los Angeles Headquarters

BERLIN (AP) — Standing on an open truck making its way through Berlin, Anahita Safarnejad turned to the crowd of Iranian protesters marching behind her and took the microphone.

“No more dictatorship in Iran, the mullahs must go!” she shouted. Hundreds of voices echoed her slogan with the same sense of urgency and desperation.

Across Europe, thousands of exiled Iranians have taken to the streets to shout out their rage at the government of the Islamic Republic which has cracked down on protests in their homeland, reportedly killing thousands of people.

Women have taken a prominent role in organizing the protests abroad, raising their voices against the theocratic government that discriminates against them.

But beyond the anger, there’s also a sense of fear and paralysis. Iran's government has been shutting down the internet and limiting phone calls for days, making it nearly impossible for Iranians in the diaspora to find out if their families back home are safe.

Safarnejad, 34, fled Iran seven years ago. She came to Berlin to study theater but now works in a bar when she's not attending one of the almost-daily protests in the German capital.

Since the demonstrations broke out in Iran in late December, Safarnejad said she's been living in two different realities that are almost impossible to combine. The easygoing hipster life of her new hometown is a jarring contrast to the bloody protests in Iran that she's been following every minute she doesn't have to work, glued to her phone for the latest updates.

While she was initially almost euphoric that the current uprising would finally bring freedom to Iran and she'd be able to go back home, her sense of hope has turned into horror.

Safarnejad hasn't spoken to her brother, also a protester, since communications with Iran were cut off. She's been scouring video on social media showing piles of dead bodies to see if he's among the corpses.

“I'm desperate and don't know how to keep going anymore,” she cried, tears rolling down her cheeks, as she spoke to The Associated Press during Wednesday's Berlin protest.

“I can’t really switch off. I can’t really stop reading the news either," she added, her voice breaking. “Because I’m waiting all the time for the internet to be available so I can get some answers from my family.”

The young woman's horror is felt by many of the more than 300,000 Iranians living in Germany — one of the biggest exile communities in Europe and similar in numbers to France and Britain. Many of them still have family ties to their homeland, even if they left decades ago.

Mehregan Maroufi's Persian cafe and bookstore in Berlin has become a place of solace for Iranians to share their grief without many words — because they know they are all living through the same nightmare.

Maroufi, the daughter of the late Iranian author Abbas Maroufi, welcomes Iranians and everyone else at the Hedayat Cafe, where she serves Persian tea with sweets such as chocolate cake topped with barberries. She lends an ear to anyone who has to get worries off their chest.

“For some, the emotions are still too high and too strong, so to speak, and it’s impossible to talk," the 44-year-old says, adding that she, too, had to force herself to open the cafe on some mornings because the violent images coming out of Iran sucked away all her energy.

“But at least you can find compatriots here. You can talk to a little, and that helps,” she said.

She says she's been listening to and learning from the convictions her fellow Iranians express when they talk about their dreams of an Iran after Supreme Leader Ayatollah Ali Khamenei that — due to the uprising — now seems closer that ever before.

While most in the diaspora agree that the theocracy has to be toppled, ideas of what a new Iran should look like differ widely.

Adeleh Tavakoli, 62, joined a demonstration outside Britain’s Parliament in London earlier this week. She hasn't been back to Iran in 17 years but has spent decades protesting from afar against the Islamic Republic.

But with the latest wave of protests, she hopes that the Iran’s exiled Crown Prince Reza Pahlavi, the son of the shah ousted by the Islamic Revolution in 1979, will return to power. If he does, she said, she has her bag packed and is ready to get on the first flight.

“For 47 years, our country has been captured by a terrorist regime,” she said. “We’ve been the voice of Iran. All we want is our freedom and to get rid of this horrible dictatorship.”

For Maral Salmassi, who came to Germany as a child in the 1980s, history explains the calls by exiled Iranians for Pahlavi to lead the country.

“As an Iranian, as someone who comes from this culture and knows its culture and history, I can only say that we have had kings and queens for thousands of years. It is our culture," said Salmassi. She is the chairwoman and founder of the Zera Institute think tank in Berlin, which researches democracy, radicalization and extremism.

She added that Iranians make up a multi-ethnic country and "to bring them all together again, we need a constitutional monarchy that symbolically and traditionally represents our identity and reunites everyone ... and then a democratic, federal parliament where everyone is represented equally.”

However, not everyone is convinced by Pahlavi. Maryam Nejatipur, 32, who also joined the protest in Berlin, thinks her country should avoid a cult of personality.

“We don’t need something like Khamenei again. We don’t need one person,” to lead us, she said, as she burnt a portrait of the Ayatollah and used the flames to light a cigarette — an act that's become a symbol of Iranian resistance.

Safarnejad, who led the recent Berlin protest, agrees.

“I don’t belong to the left, I’m not a liberal, I’m not a monarchist,” she stressed. “I’ve been there for women’s rights, I’m for human rights, I’m for freedom.”

Fanny Brodersen and Ebrahim Noroozi, in Berlin, and Brian Melley in London contributed reporting.

Protester Adeleh Tavakoli, left, demonstrates outside the House of Parliament, in London, Tuesday, Jan. 13, 2026. (AP Photo/Kin Cheung)

People take part in a rally in support of anti-government protests in Iran, Berlin Germany, Wednesday, June 14, 2026. (AP Photo/Ebrahim Noroozi)

Iranian Mehregan Maroufi poses for a photo before an interview with the Associated Press in her cafe in Berlin, Germany, Thursday, Jan. 15, 2026. (AP Photo/Ebrahim Noroozi)

Iranian Maryam Nejatipur 32, poses for a photo after a demonstration in support of the nationwide mass protests in Iran against the government, in Berlin, Germany, Wednesday, Jan. 14, 2026. (AP Photo/Ebrahim Noroozi)

Iranian Anahita Safarnejad, 34, poses for a photo after a demonstration in support of the nationwide mass protests in Iran against the government, in Berlin, Germany, Wednesday, Jan. 14, 2026. (AP Photo/Ebrahim Noroozi)