Faraday Future Partners with HabitTrade to Accelerate its Entry into the Web3 Financial Ecosystem

LOS ANGELES--(BUSINESS WIRE)--Jul 21, 2025--

Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) (“Faraday Future”, “FF” or the “Company”), a California-based global shared intelligent electric mobility ecosystem company, today announced its strategic collaboration with HabitTrade, a global multi-market brokerage and digital asset infrastructure platform. This collaboration marks Faraday Future’s first step into the Web3 financial ecosystem, and is supported by RWA Group ( www.rwa.ltd ), a digital finance advisory firm.

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As Faraday Future expands its vision beyond mobility into the next frontier of finance, the partnership with HabitTrade aims to unlock new possibilities in Web3 capital markets—including stablecoin-based investment, native digital asset flows, and broader participation from decentralized communities. This collaboration is also a key part of Faraday Future’s ongoing commitment to technological and capital infrastructure innovation. Notably, Faraday Future plans to leverage this partnership to offer exclusive HabitTrade platform benefits to its shareholders, further enhancing shareholder value through innovative Web3 financial services.

“This partnership with HabitTrade is a key milestone in our efforts to connect Faraday Future with the Web3 financial world,” said Jerry Wang, Global President of Faraday Future. “As we continue to redefine intelligent mobility, we are also exploring how decentralized infrastructure and digital asset participation can bring greater value to our stakeholders and communities.”

“We are honored to partner with Faraday Future in building its entry into the Web3 finance space,” said Daniel, Founder of HabitTrade. “This collaboration is more than a cross-industry initiative — it reflects a shared belief in financial accessibility, technological innovation, and the long-term potential of decentralized capital markets. As a platform that bridges traditional and crypto finance, HabitTrade will provide the infrastructure and global liquidity support needed to help forward-looking enterprises like Faraday Future embrace the next evolution of finance.”

Tony Fu, Founder of RWA Group, added: “As a Nasdaq-listed EV company, Faraday Future is not only leading innovation in intelligent mobility but also actively shaping the path from Web2 to Web3. We’re pleased to support this initiative and believe more listed companies will follow suit in embracing Web3-native tools such as tokenized assets, digital issuance, and cross-border financial connectivity.”

This collaboration underscores a growing convergence between traditional industry leaders and next-generation financial platforms, as more enterprises begin to leverage Web3 capabilities to unlock new value.

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, exemplifies its vision for luxury, innovation, and performance. The FX strategy aims to introduce mass production models equipped with state-of-the-art luxury technology similar to the FF 91, targeting a broader market with middle-to-low price range offerings. FF is committed to redefining mobility through AI innovation. Join us in shaping the future of intelligent transportation. For more information, please visit https://www.ff.com/us/

ABOUT HABITTRADE

HabitTrade is a global multi-market brokerage and infrastructure platform that enables stablecoin-based access to a wide range of financial products—including U.S. and Hong Kong stocks, ETFs, and crypto assets. In addition to serving individual investors, HabitTrade provides institutional services such as API connectivity and market entry solutions for IPOs, tokenization projects, and more—helping bridge the gap between traditional and Web3 capital markets.

ABOUT RWA GROUP
( www.rwa.ltd )

Based in Hong Kong Science Park, RWA Group (formerly NFT China) specializes in digital finance advisory and infrastructure services. With a team experienced in blockchain, capital markets, and asset tokenization, RWA Group supports traditional enterprises in exploring Web3 innovations such as digital issuance, compliance frameworks, and real-world asset integration.

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 “plan to,” “can,” “will,” “should,” “future,” “potential,” 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 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 necessary agreements to license or produce FX vehicles in the U.S., the Middle East, or elsewhere, none of which have been secured; the Company's ability to homologate FX vehicles for sale in the U.S., the Middle East, or elsewhere; the Company’s ability to secure the necessary funding to execute on its AI, EREV and Faraday X (FX) strategies, each of which will be substantial; the Company's ability to secure necessary permits at its Hanford, CA production facility; the Company’s ability to secure regulatory approvals for the proposed Super One front grill; the potential impact of tariff policy; 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 warranty 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.

Disclaimer:

This announcement is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any financial instruments.

Faraday Future Partners with HabitTrade to Accelerate its Entry into the Web3 Financial Ecosystem

CRANS-MONTANA, Switzerland (AP) — Swiss investigators believe sparkling flares atop Champagne bottles started a fire in a bar at an Alpine ski resort that left 40 people dead and another 119 injured during a New Year’s celebration.

Most injuries, many of them serious, occurred when the blaze swept through the crowded bar in southwestern Switzerland in the early hours of Thursday.

The Crans-Montana resort is best known as an international ski and golf venue. Overnight, the Le Constellation bar morphed from a scene of revelry into the site of one of Switzerland’s worst tragedies.

Here’s what we know:

The blaze broke out around 1:30 a.m. Thursday during a holiday celebration inside the Le Constellation bar.

Two women told French broadcaster BFMTV they were inside when they saw a male bartender lifting a female colleague on his shoulders as she held a lit candle in a bottle. The flames spread, collapsing the wooden ceiling, they told the broadcaster.

People tried to escape from a nightclub area in the basement, up a flight of stairs and through a narrow door, causing a crowd surge, one of the women said.

A young man at the scene said people smashed windows to escape, reported BFMTV. He said he saw about 20 people scrambling to get out of the smoke and flames.

Gianni Campolo, a Swiss 19-year-old who was in Crans-Montana on vacation, rushed to help first responders after receiving a call from a friend who escaped the inferno. He described a scene of people trapped on the ground, severely injured and burned.

“I have seen horror and I don’t know what else would be worse than this,” Campolo told French broadcaster TF1.

Swiss officials described the blaze as a likely flashover, meaning that it triggered the release of combustible gases that can then ignite violently.

The injured suffered from serious burns and smoke inhalation. Some were flown to specialist hospitals across the country and elsewhere in Europe.

Authorities urged people to show caution in the coming days to avoid any incidents that could require the already overwhelmed medical resources.

Out of the 119 injured, 113 have now been identified, officials said Friday.

The severity of the burns has made it very difficult to identify bodies, bringing fresh agony for families who now must hand over DNA samples to authorities. In some cases, wallets and any ID documents inside turned to ash in the flames.

Emanuele Galeppini, a promising 17-year-old Italian golfer who competed internationally, is officially listed as one of Italy’s missing nationals. His uncle Sebastiano Galeppini told Italian news agency ANSA that their family is awaiting the DNA checks, though the Italian Golf Federation on its website announced that he had died.

Italy's foreign minister, Antonio Tajani, said that 13 Italian citizens were injured and six remained missing by midday Friday. Galeppini’s name was on the missing persons list.

France's foreign ministry said eight French people are missing and another nine are among the injured. Top-flight French soccer team FC Metz said one of its trainee players, 19-year-old Tahirys Dos Santos, was badly burned and has been transferred by plane to Germany for treatment.

On Instagram, an account filled up with photos of people who remained unaccounted for, with their friends and relatives begging for tips about the whereabouts of the missing.

The injured include 71 Swiss nationals, 14 French and 11 Italians, along with citizens of Serbia, Bosnia-Herzegovina, Luxembourg, Belgium, Portugal and Poland, Valais Canton police commander Frédéric Gisler said Friday. The nationalities of 14 people remain unclear.

The nearby regional hospital in Sion took in a flood of victims from the fire. Its general director, Eric Bonvin, recounted how staff scrambled to determine the extent of people’s injuries.

The hospital — in the heart of the Alps and no stranger to winter sports accidents — was well staffed for the end of the year, when crowds flock to the mountains. On top of that, many colleagues who had not been scheduled to work rushed in to lend a hand.

Still the hospital, which is about 10 kilometers (6 miles) from the resort by air, quickly hit full capacity, authorities said, taking in about 80 seriously injured people in just three hours.

As of Friday, the hospital still had about 30 seriously injured patients in its care.

With high-altitude ski runs rising around 3,000 meters (nearly 9,850 feet) in the heart of the Valais region’s snowy peaks and pine forests, Crans-Montana is one of the top venues on the World Cup circuit.

The resort will host the best men’s and women’s downhill racers, including Lindsey Vonn, for their final events before the Milan Cortina Olympics in February.

The town’s Crans-sur-Sierre golf club, down the street from the bar, stages the European Masters each August on a picturesque course.

Dazio reported from Berlin and Leicester reported from Sion, Switzerland. Geir Moulson in Berlin, Graham Dunbar in Geneva and Nicole Winfield in Rome contributed to this report.

A police officer helps a boy to light a candle near the sealed off Le Constellation bar in Crans-Montana, Swiss Alps, Switzerland, Friday, Jan. 2, 2026, where a devastating fire left dead and injured during the New Year's celebrations. (AP Photo/Baz Ratner)

Police officers inspect the area where a fire broke out at the Le Constellation bar and lounge leaving people dead and injured, during New Year’s celebration, in Crans-Montana, Swiss Alps, Switzerland, Thursday, Jan. 1, 2026. (Jean-Christophe Bott/Keystone via AP)