Faraday Future Expands Global Footprint with New UAE Facility and Strategic Initiatives

Faraday Future Unveils UAE Facility, Eyes Global Expansion - Faraday Future (NASDAQ:FFAI)

Faraday Future Intelligent Electric Inc. FFAI on Friday announced the official launch of its first regional operations facility in the Middle East, marking a significant milestone in the company's global growth strategy. The 108,000-square-foot facility, located in the Al Hamra area of the Ras Al Khaimah Economic Zone in the United Arab Emirates, was unveiled during a formal handover ceremony. The site supports Faraday's "Third Pole" strategy, which aims to expand its footprint beyond its dual home markets, the U.S. and China. Designed to support the company's core electric vehicle lineup and upcoming FX models, the facility will serve as an operational base for the Gulf Cooperation Council countries. The site includes office space, an engineering workshop, and regional coordination functions. Faraday also plans to expand its services to Europe and North Africa. Also Read: China's XPeng EV Deliveries Jump 330%, CEO Cites Margin Improvement For 7 Consecutive Quarters Matthias Aydt, global co-CEO of Faraday Future, emphasized the UAE's strategic importance as a regional hub. He said the facility could create up to 200 skilled jobs and help develop a sustainable, AI-powered mobility ecosystem. The company also intends to establish regional research and development capabilities and a localized supply chain based in Ras Al Khaimah. Operations are expected to begin in the second half of 2025, focusing on integrating intelligent technology into mobility solutions. Meanwhile, on Thursday, Faraday Future's Chinese affiliate, FF Automotive (China) Co. Ltd., said it had engaged a top financial advisory firm to explore potential mergers, acquisitions, and capital market opportunities in China. The move aligns with the company's global AI electric vehicle strategy, which seeks to acquire innovative, cost-effective technologies to create long-term value and expand its role in the intelligent mobility sector. FFAI hit a 52-week high of $58.80 and a low of $0.83, closing at $1.13 on May 22, down 98% from its peak. Despite this, shares have rebounded over 35% from the low, though still down 53% year-to-date. Price Action: FFAI shares are trading higher by 6.82% at $1.20 at last check Friday. Read Next: TSLA Stock Jumps In Friday Premarket As Wedbush's Dan Ives Raises Price Target To $500, Citing 'Golden Age Of Autonomous' Vehicles Image by T. Schneider via Shutterstock FFAIFaraday Future Intelligent Electric Inc$1.194.87%Stock Score Locked: Want to See it? Benzinga Rankings give you vital metrics on any stock - anytime. Reveal Full ScoreEdge RankingsMomentum5.71GrowthNot AvailableQualityNot AvailableValue9.30Price TrendShortMediumLongOverview This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Market News and Data brought to you by Benzinga APIs

Faraday Future Founder and Co-CEO, YT Jia, Shares Weekly Investor Update By Investing.com

LOS ANGELES--(BUSINESS WIRE)--Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) (Faraday Future, FF or the Company), a California-based global shared intelligent electric mobility ecosystem company, today shared a weekly business update from YT Jia, Founder and Co-CEO of FF. Promises made, promises kept. Welcome to our third FF Co-CEO Investor Weekly Update. This week, we welcomed a number of important clients"from a Californian limousine and livery association to several groups of our core suppliers, including Tier One suppliers from China. A very busy and very fulfilling week, to say the least. 1, We've announced that FF's Annual Stockholders' Day will be held on May 31. This will be a valuable opportunity to meet our stockholders face-to-face, listen to their suggestions, and engage in open dialogue. That evening, I'll join a dinner with a group of long-time supporters and members of our executive team. 2, On Friday, we welcomed the Greater California Livery Association (GCLA) to our headquarters for an in-depth FF and FX drive-and-ride experience. More importantly, we held focused B2B procurement discussions, and the feedback on our potential FX products was overwhelmingly positive. The FX Super One, in particular, left a strong impression. As a First Class AI-MPV unlike anything currently available in the U.S. market, it delivered a truly disruptive experience for GCLA board members and top-tier luxury transportation providers across California. If we can collaborate with GCLA in the future, it could help us expand into a much broader luxury livery market across the U.S., which means larger-scale B2B sales potential for both FF and FX. 3, Next week, we plan to launch a new module under our B2B and Co-Creation Ecosystem Online Direct Sales, which is the innovative B2B pre-order acquisition from livestream e-commerce MCN agencies. We're optimistic about the early momentum and look forward to sharing updates hopefully next week. Going to S5 Finance and Capital Markets: Many stockholders have been closely following our management share purchase plan. I want to let you know that we've been actively and steadily pushing this forward this week. We've already selected a U.S.-based brokerage firm that specializes in executive stock purchase programs. Some members of the management team, including myself, have submitted the necessary paperwork expressing our intent to establish a 10b5-1 purchase plan when permitted. As a U.S.-listed company, we must strictly follow compliance procedures when management purchases shares. This includes making purchases only during open trading windows, setting up 10b5-1 plans in advance, and ensuring there is no material non-public information (MNPI) involved. While these requirements may seem tedious, they are designed to ensure equality of information, protecting the rights of all investors. I'll keep you all updated as soon as there's any progress. Let's look at Government Relations under S7 Capability and System Build-Up, This Saturday, FX CEO Max Ma was invited to attend the America's Revival event held at President Trump's private residence, Mar-a-Lago. The FF 91 made its debut at Mar-a-Lago and wowed the entire audience. Max joined senior leaders from both the U.S. political and business communities for a private luncheon, where he shared in-depth insights on the strategic value of FF, FX, and the Global Automotive Bridge Strategy. Key policy topics such as tariffs and subsidy programs were also discussed. This continues the dialogue we began a few weeks ago in the meeting with Hailey Borden, Special Assistant to the President, and marks our latest progress on the government relations and strategic cooperation. Max will share more details on this. Now, let's talk about the problems and what we've learned. One reason behind our previous delays in financial reporting"and why executive share purchases couldn't move forward as planned"lies in weaknesses in our financial system, especially in accounting, reporting, and internal controls. That's why, after I was appointed as the Co-CEO, one of my top priorities has been to fully resolve these issues. This week, we officially launched a company-wide task force focused on tackling our material weaknesses. We're also expanding our finance team. In addition to the senior advisors who joined FF over the past two weeks, we're planning to bring in external consultants to help streamline processes and address legacy issues more efficiently. Now, here's a look at what's coming up next week. Project execution across FX"including Super One"is moving full speed ahead. And I want to give you a heads-up on two key events: On S1 User Ecosystem I've been invited to speak (virtually) next week at the BEYOND Expo 2025 B-GLOBAL Summit in Macau. My video keynote will be on the morning of the 22nd (Beijing time), where I'll share insights on the automotive industry's transformation, the shift from traditional industries to AI, the bridge from Web2 to Web3, and the evolution of ecosystem paradigms. FX CEO Max will be there as well, joining a more focused dialogue on key topics"stay tuned. Turning to S6 Middle East, An event has been scheduled for our Middle East facility next week. We will be sharing update on our progress. The team is firing on all cylinders, the pace has picked up, and more and more people are starting to recognize the unique value of what we've built"a rare breed in today's EV landscape. See you all next week. ABOUT FARADAY FUTURE Faraday Future is the pioneer of the Ultimate AI Tech Luxury ultra spire market in the intelligent EV era, and the disruptor of the traditional ultra-luxury car civilization epitomized by Ferrari and Maybach. FF is not just an EV Company, but also a software-driven intelligent internet Company. Ultimately FF aims to become a User Company by offering a shared intelligent mobility ecosystem. FF remains dedicated to advancing electric vehicle technology to meet the evolving needs and preferences of users worldwide, driven by the pursuit of intelligent and AI-driven mobility. 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, which include statements regarding production capacity expansion, the FX brand, the Super One MPV, future FX models, future FX reservations, expansion into new states and markets, and production and sales goals, 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 expand its production facility, which will be time-consuming and costly; market demand for MPVs and MPV rentals; 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 design and develop EREV technology; the Company's ability to design and develop AI-based solutions; competition in the AI and EREV areas, where actual or potential competitors have or are likely to have substantial advantages relative to the Company, including but not limited to experience, expertise, funding, infrastructure and personnel; the ability of the Company to execute across multiple concurrent strategies, including the UAE, bridge strategy, or FX, EREV, AI, and US geographic expansion; the Company's ability to secure necessary agreements to license third-party range extender technology and/or 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; and the Company's ability to secure necessary permits at its Hanford, CA production facility; 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 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. View source version on businesswire.com: https://www.businesswire.com/news/home/20250518820685/en/ Investors (English): [email protected] Investors (Chinese): [email protected] Media: [email protected] Source: Faraday Future Intelligent Electric Inc.

Faraday Future Celebrates Major Milestone in its Middle East "Third Pole" Strategy with its New Operations Facility Handover Ceremony in Ras Al Khaimah, UAE

The facility will support the production of both FF and potential Faraday X (FX) models, enabling the Company to serve diverse customer segments across the Gulf Cooperation Council (GCC) countries, with potential future expansion into Europe and North Africa. The lease agreement was signed during the Make it in the Emirates 2025 summit in Abu Dhabi, reinforcing Faraday Future's commitment to industrial innovation in the UAE. Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) ("Faraday Future", "FF" or "Company"), a California-based global shared intelligent electric mobility ecosystem company, announced that it held a formal handover ceremony for its first regional facility in Ras Al Khaimah, United Arab Emirates, marking a significant milestone in the execution of its Middle East "Third Pole" strategy, alongside the dual-home market strategy in U.S. and China. The project was formally announced on May 21, 2025, during RAKEZ's participation in Make it in the Emirates 2025 in Abu Dhabi, where a lease agreement was signed between RAKEZ and Faraday Future Middle East FZ-LLC, the subsidiary of FF. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250522001767/en/ The 108,000-square-foot facility will encompass an office, engineering workshop, and operational hub. The facility will support both the FF brand and potential FX models, serving as a hub for operations across the GCC, with potential future expansion into Europe and North Africa. The handover ceremony event, held at the site of the facility in the Al Hamra area of the Ras Al Khaimah Economic Zone (RAKEZ), signifies FF's official landing in the Middle East and a major step in the Company's strategic global expansion. The ceremony was attended by Faraday Future's Global Co-CEO Matthias Aydt, Chief Financial Officer Koti Meka, Head of Middle East and Executive Director Chui Tin Mok, and Ramy Jallad, Group CEO of RAKEZ, highlighting the significance of this project for both FF and the region. "This handover event represents a tangible start for both FF and FX in the region," said Matthias Aydt, Global Co-CEO of Faraday Future. "Ras Al Khaimah offers the right infrastructure, visionary leadership, and regional connectivity to support our goal of building an intelligent, sustainable mobility ecosystem. We are proud to build a facility that will not only serve as a gateway to the region but also has the potential to create up to 200 skilled jobs." RAKEZ played a critical role in enabling FF's smooth entry into the UAE, offering comprehensive support from infrastructure and permitting, to regulatory alignment. "Faraday Future's entry is more than the launch of a facility -- it marks the beginning of a bold new chapter in the region's mobility landscape," said Ramy Jallad, Group CEO of RAKEZ. "As the UAE accelerates toward its green mobility goals, FF's vision and presence in Ras Al Khaimah perfectly align with national ambitions for a sustainable, electric future." Operations at the new site are expected to commence in the second half of 2025. In the longer term, FF aims to establish regional R&D capabilities, and a localized supply chain anchored in Ras Al Khaimah, reinforcing its vision of sustainable, AI-powered mobility. 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 FF91, 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/. FORWARD LOOKING STATEMENTS This 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 release the words "plans," "vision," "will," "future," "expected" 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 Company's Middle East strategy, including establishing operational, sales and production activities in the region, creating jobs in the UAE region, expanding to Europe and North Africa, and potential FX models involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company's control, which 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 and the UAE strategy, which will be substantial; the ability of the Company to execute across multiple concurrent strategies, including the UAE, bridge strategy, FX, EREV, AI, and US geographic expansion; the Company's ability to secure necessary agreements to license or produce FX vehicles in the Middle East or elsewhere, none of which have been secured; the Company's ability to homologate FX vehicles for sale in the Middle East or elsewhere, as necessary; the potential impacts of changing tariff policies; 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. The foregoing list of factors is not exhaustive. 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. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and the Company does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Faraday Future Founder and Co-CEO, YT Jia, Shares Weekly Investor Update

Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) ("Faraday Future", "FF" or the "Company"), a California-based global shared intelligent electric mobility ecosystem company, today shared a weekly business update from YT Jia, Founder and Co-CEO of FF. "Promises made, promises kept. Welcome to our third FF Co-CEO Investor Weekly Update. This week, we welcomed a number of important clients -- from a Californian limousine and livery association to several groups of our core suppliers, including Tier One suppliers from China. A very busy and very fulfilling week, to say the least. 1, We've announced that FF's Annual Stockholders' Day will be held on May 31. This will be a valuable opportunity to meet our stockholders face-to-face, listen to their suggestions, and engage in open dialogue. That evening, I'll join a dinner with a group of long-time supporters and members of our executive team. 2, On Friday, we welcomed the Greater California Livery Association (GCLA) to our headquarters for an in-depth FF and FX drive-and-ride experience. More importantly, we held focused B2B procurement discussions, and the feedback on our potential FX products was overwhelmingly positive. The FX Super One, in particular, left a strong impression. As a First Class AI-MPV unlike anything currently available in the U.S. market, it delivered a truly disruptive experience for GCLA board members and top-tier luxury transportation providers across California. If we can collaborate with GCLA in the future, it could help us expand into a much broader luxury livery market across the U.S., which means larger-scale B2B sales potential for both FF and FX. 3, Next week, we plan to launch a new module under our B2B and Co-Creation Ecosystem Online Direct Sales, which is the innovative B2B pre-order acquisition from livestream e-commerce MCN agencies. We're optimistic about the early momentum and look forward to sharing updates hopefully next week. Going to S5 Finance and Capital Markets: Many stockholders have been closely following our management share purchase plan. I want to let you know that we've been actively and steadily pushing this forward this week. We've already selected a U.S.-based brokerage firm that specializes in executive stock purchase programs. Some members of the management team, including myself, have submitted the necessary paperwork expressing our intent to establish a 10b5-1 purchase plan when permitted. As a U.S.-listed company, we must strictly follow compliance procedures when management purchases shares. This includes making purchases only during open trading windows, setting up 10b5-1 plans in advance, and ensuring there is no material non-public information (MNPI) involved. While these requirements may seem tedious, they are designed to ensure equality of information, protecting the rights of all investors. I'll keep you all updated as soon as there's any progress. Let's look at Government Relations under S7 Capability and System Build-Up, This Saturday, FX CEO Max Ma was invited to attend the "America's Revival" event held at President Trump's private residence, Mar-a-Lago. The FF 91 made its debut at Mar-a-Lago and wowed the entire audience. Max joined senior leaders from both the U.S. political and business communities for a private luncheon, where he shared in-depth insights on the strategic value of FF, FX, and the Global Automotive Bridge Strategy. Key policy topics such as tariffs and subsidy programs were also discussed. This continues the dialogue we began a few weeks ago in the meeting with Hailey Borden, Special Assistant to the President, and marks our latest progress on the government relations and strategic cooperation. Max will share more details on this. Now, let's talk about the problems and what we've learned. One reason behind our previous delays in financial reporting -- and why executive share purchases couldn't move forward as planned -- lies in weaknesses in our financial system, especially in accounting, reporting, and internal controls. That's why, after I was appointed as the Co-CEO, one of my top priorities has been to fully resolve these issues. This week, we officially launched a company-wide task force focused on tackling our material weaknesses. We're also expanding our finance team. In addition to the senior advisors who joined FF over the past two weeks, we're planning to bring in external consultants to help streamline processes and address legacy issues more efficiently. Now, here's a look at what's coming up next week. Project execution across FX -- including Super One -- is moving full speed ahead. And I want to give you a heads-up on two key events: On S1 User Ecosystem I've been invited to speak (virtually) next week at the BEYOND Expo 2025 B-GLOBAL Summit in Macau. My video keynote will be on the morning of the 22nd (Beijing time), where I'll share insights on the automotive industry's transformation, the shift from traditional industries to AI, the bridge from Web2 to Web3, and the evolution of ecosystem paradigms. FX CEO Max will be there as well, joining a more focused dialogue on key topics -- stay tuned. Turning to S6 Middle East, An event has been scheduled for our Middle East facility next week. We will be sharing update on our progress. The team is firing on all cylinders, the pace has picked up, and more and more people are starting to recognize the unique value of what we've built -- a rare breed in today's EV landscape. See you all next week." ABOUT FARADAY FUTURE Faraday Future is the pioneer of the Ultimate AI Tech Luxury ultra spire market in the intelligent EV era, and the disruptor of the traditional ultra-luxury car civilization epitomized by Ferrari and Maybach. FF is not just an EV Company, but also a software-driven intelligent internet Company. Ultimately FF aims to become a User Company by offering a shared intelligent mobility ecosystem. FF remains dedicated to advancing electric vehicle technology to meet the evolving needs and preferences of users worldwide, driven by the pursuit of intelligent and AI-driven mobility. 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, which include statements regarding production capacity expansion, the FX brand, the Super One MPV, future FX models, future FX reservations, expansion into new states and markets, and production and sales goals, 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 expand its production facility, which will be time-consuming and costly; market demand for MPVs and MPV rentals; 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 design and develop EREV technology; the Company's ability to design and develop AI-based solutions; competition in the AI and EREV areas, where actual or potential competitors have or are likely to have substantial advantages relative to the Company, including but not limited to experience, expertise, funding, infrastructure and personnel; the ability of the Company to execute across multiple concurrent strategies, including the UAE, bridge strategy, or FX, EREV, AI, and US geographic expansion; the Company's ability to secure necessary agreements to license third-party range extender technology and/or 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; and the Company's ability to secure necessary permits at its Hanford, CA production facility; 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 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.