Faraday Future Unveils Ambitious "EAI + Crypto" Strategy, Aiming to Bridge AI Mobility and Web3

EV startup Faraday Future plans multibillion-dollar crypto strategy

Faraday Future has said it plans to initially buy $30 million worth of crypto, with plans for "tens of billions" more, and is exploring the idea of launching a crypto ETF. Electric vehicle startup Faraday Future says it plans to launch several crypto-focused initiatives, including that it wants to create a crypto treasury and offer tokenized vehicle sales. The Nasdaq-listed Faraday Future said on Sunday that it plans to create a "C10 (Crypto 10) Treasury" product and initially buy $30 million worth of crypto, which it hopes "could reach tens of billions in size." "The next decade could be a super long bull cycle for the crypto market," said Ian Calderon, Faraday Future co-creation officer and founding board member of the California Blockchain Working Group. Faraday Future is the latest publicly listed company planning to buy up crypto, a trend that has seen billions of dollars worth of funding and helped boost share prices as Wall Street looks to gain crypto exposure. Faraday Future said it's also launching a "C10 Index," a market-cap-weighted basket fund that tracks the top 10 crypto assets, excluding stablecoins and added its also exploring the creation of an exchange-traded fund (ETF). Alongside the index and ETF plans, the company will launch a strategy to buy the top 10 cryptocurrencies and said it would purchase $500 million to $1 billion in crypto, starting with its initial $30 million tranche. The firm said the treasury is designed to provide sustainable returns with staking yields, "which can fund product innovation, potential stock buybacks, and further asset growth." The company also plans to launch an "EAI Vehicle Chain" for tokenized vehicle sales and crypto-based deposits. EAI stands for Embodied AI and refers to AI physically integrated into real-world objects, such as cars. California State Treasurer Fiona Ma endorsed the move, stating the plan "has the potential to boost our economy, create high-quality jobs, attract top-tier investment, and advance sustainable development worldwide." The pivot to crypto comes at a transitional period for the firm, whose share price has suffered as the company halted work on a $1 billion electric vehicle factory in Nevada in 2016, which caused delays in production of its flagship vehicle, the FF91. The EV startup has reportedly only delivered 16 vehicles as of January and has recently pivoted to rebadging Chinese-made electric vans Related: Behind the scenes of public companies that are rushing to create crypto treasuries In July, Faraday Future disclosed that the US Securities and Exchange Commission sent a Wells notice, a threat of enforcement action, to its founder, Jia Yueting, and president, Jerry Wang, after a three-year fraud investigation that focuses on allegedly false statements made during the company's 2021 SPAC merger. Shares in Faraday Future (FFAI) ended trading on Friday down 7.6% at $2.77. However, the shares have performed well so far this year, gaining 75% over the past six months to bring its year-to-date gains to 14% according to Google Finance.

What's Going On With Faraday Future Stock Monday? - Faraday Future (NASDAQ:FFAI)

Faraday Future Intelligent Electric FFAI launched its "EAI + Crypto" Dual-Flywheel & Dual-Bridge Strategy at Pebble Beach on August 16, positioning itself at the intersection of AI mobility and Web3. The company framed this initiative as a way to merge Embodied AI (EAI) with the rapid growth of the crypto asset economy, creating a circular growth system between Web2 and Web3. As part of the strategy, Faraday Future introduced the C10 Index, a market-cap-weighted basket of the world's top 10 crypto assets (excluding stablecoins), and the FFAI C10 Treasury, targeting $500 million to $1 billion in crypto purchases, starting with an initial $30 million. Also Read: Faraday Future Stock Down As New Strategy, Premium Market Push, Year-End EV Rollout Near Managed under a separate subsidiary, the treasury will allocate assets using an 80% passive, 20% active strategy to deliver 3%-5% staking yields to fund innovation, stock buybacks, and balance sheet strength. The company also plans to launch the EAI Vehicle Chain, which will enable tokenized vehicle sales, crypto-based deposits, and Web3-native user engagement. Get Started Trade Bitcoin, Ethereum, and More Instantly -- No Wallets, No Hassle Speculate on price movements, claim up to $200 in bonuses, and start with risk-free paper trading with crypto futures on Plus500. Get Started Disclosure: 82% of retail CFD accounts lose money Leaders, including California State Treasurer Fiona Ma, have highlighted the initiative as a potential driver of jobs, investment, and sustainable growth. Faraday Future stock gained 14% year-to-date, driven by its million crypto treasury and its advancement of a tokenized vehicle platform despite ongoing production and financial challenges. Price Action: FFAI shares climbed 0.90% to $2.800 in after-hours trading on Friday. Photo by T. Schneider via Shutterstock FFAIFaraday Future Intelligent Electric Inc $2.935.78% Stock Score Locked: Want to See it? Benzinga Rankings give you vital metrics on any stock - anytime. Reveal Full Score Edge Rankings Momentum N/A Growth N/A Quality N/A Value 5.19 Price Trend Short Medium Long Overview Market News and Data brought to you by Benzinga APIs

Faraday X Announces that the FX Super One MPV Has Successfully Completed its First Round of U.S. Federal Motor Vehicle Safety Standards (FMVSS) Development Tests for Occupant Protection Upper Interior Impact Scenarios

This vehicle safety development progress joins the announcements made recently on the status of the FX Super One which includes its current status in the trial production phase underway at the Company's manufacturing facility in Hanford, CA. LOS ANGELES, Aug. 22, 2025 (GLOBE NEWSWIRE) -- Faraday Future Intelligent Electric Inc. (Nasdaq: FFAI) ("FF", "Faraday Future", or the "Company"), a California-based global shared intelligent electric mobility ecosystem company, today announced that the FX Super One has successfully completed its first round of U.S. Federal Motor Vehicle Safety Standards (FMVSS) development tests for occupant protection - upper interior impact scenarios. The test results are in-line with project expectations at this phase of the project. A video of the testing can be found here: https://youtu.be/A47AAUY5it0 These development tests -- focused on FMVSS No. 201: Occupant Protection for Upper Interior Head Impact -- evaluating how well a vehicle protects occupants' heads during contact with upper interior components such as A-pillars, B-pillars, and roof trim areas. The regulation emphasizes passive safety performance in areas where airbags are packaged, as well as more severe testing in non-airbag zones, making it a rigorous assessment for interior trim design to protect unrestrained occupant heads primarily during rollover events. "The positive results for our FX Super One development tests are in-line with our expectations at this phase of the project and provides confidence in order to deliver the vehicle's safety development of the project in a timely manner," said Andrew Hall, Director, Safety, CAE & Homologation at FF. "The test, which is part of a series of vehicle safety development tests that we are conducting, happened recently at the MGA Research facility in Troy, Michigan." Using a Free Motion Head form (FMH), test engineers conducted impact tests at multiple locations defined by the regulation, and additional locations as part of Faradays commitment to develop safe vehicles for customers. The Head Injury Criterion (HIC) -- a key indicator of potential head trauma -- was recorded and analyzed for each point. The FMVSS No. 201 compliance process demands comprehensive design attention to interior geometry, padding materials, and energy absorption structures. "We sincerely thank the team for their efforts," said Xiao (Max) Ma, Global CEO of Faraday X. "We are confident to complete the relevant testing and validation work with high quality and to high standards within a relatively short timeframe, as we continue to advance the project with strong momentum." The FX Super One trial production phase is well under way at the Company's manufacturing facility in Hanford, CA., and is primarily focused on planning and verifying production processes, operational workflows, and quality standards. In parallel, engineers and production staff at the Hanford factory are undergoing specialized training to support production readiness. Following this phase, the Company will proceed with comprehensive vehicle engineering of the vehicle, which includes continued safety testing, development and validation. These efforts are integral to ensuring that the FX Super One meets the highest standards of quality, performance, safety, and the end user experience. The FX Super One was unveiled on July 17 in Los Angeles and showcased the Super EAI F.A.C.E. (Front AI Communication Ecosystem) and the FF EAI Embodied AI Agent 6x4 Architecture. The vehicle is positioned as an EAI-MPV that aims to redefine the traditional mobility experience long dominated by models such as the Cadillac Escalade. 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 new 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. 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 passing safety requirements, the Super One MPV, future job creation, future capital investments; future FF 91 owners, and production and sales goals in the U.S. and the UAE, 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: our ability to pass necessary safety requirements on a timely basis, if at all, 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 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. A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/91fa0f94-512d-48c9-9cdd-7963ec419332

Faraday Future Launches its "EAI + Crypto" Dual-Flywheel & Dual-Bridge Ecosystem Strategy as a Pioneer in AI mobility and Web3 integration, Unveiling the "C10 Index" and the First "C10 Treasury" Product Announced by a U.S.-Listed Company

The strategy upgrade delivers on FF's "Stockholders First" promise, aiming to maximize value for stockholders. PEBBLE BEACH, Calif., Aug. 17, 2025 (GLOBE NEWSWIRE) -- 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 has officially launched its transformative "EAI + Crypto" Dual-Flywheel & Dual-Bridge Ecosystem Strategy -- marking the beginning of a new chapter in AI mobility and Web3 integration. This bold strategic initiative, which was revealed on August 16 at an event in Pebble Beach, integrates Embodied AI (EAI) with the explosive growth of the crypto asset economy to create a two-way, independently operating circular growth engine between Web2 and Web3, positioning FF at the forefront of the next era in global industrial and financial evolution. A replay of the announcement can be found here: https://www.ff.com/us/2025-pebble-beach/ EAI + Crypto Dual Flywheel: A New Growth Paradigm Faraday Future believes that AI represents the next great leap in productivity, while Crypto and Web3 signify a revolution in the relations of production. Together, these forces offer a potential once-in-decades opportunity for transformation -- a meta-chemistry that FF aims to drive through its newly launched strategy. "The next decade could be a super long bull cycle for the crypto market," said Ian Calderon, FF Co-Creation Officer and Founding Board Member of the California Blockchain Working Group. "FF is building a dual-engine circular growth system -- combining the long-cycle, high-value EAI EV ecosystem with the short-cycle, high-velocity Crypto ecosystem. These two flywheels will empower each other, redefining what's possible in mobility and financial innovation." "Today's launch is a powerful example of our state's pioneering spirit, bringing together intelligent electric vehicles, blockchain, and the worlds of Web 2 and Web 3, along with industry, capital and technology," said Fiona Ma, California State Treasurer. "This model has the potential to boost our economy, create high quality jobs, attract top tier investment, and advance sustainable development worldwide." Building the Bridge Between Web2 and Web3 FF's Dual-Bridge Strategy positions the Company as one of the first U.S.-listed public companies directly connecting real-world business operations with on-chain assets. Plans are underway to launch the EAI Vehicle Chain, enabling tokenized vehicle sales, crypto-based deposits, and Web3-native user engagement -- while leveraging blockchain technology to create a decentralized and transparent mobility economy. "The Dual-Flywheel & Dual-Bridge Strategy reflects our deep insights into the future of the global economy," said YT Jia, Founder & Co-CEO of Faraday Future. "FF is not just transitioning into a Web3 era -- we are architecting it. This is how we deliver value creation for our stockholders." Introducing the C10 Index and C10 Treasury: A New Crypto Infrastructure for Capital Markets FF also officially announced the C10 Index, a market-cap-weighted basket of the world's top 10 crypto assets (excluding stablecoins), calculated from midnight Pacific Time on August 16, 2025, with a base value of 1,000. The Index will be tracked in real-time on FF.com and the FF App. Accompanying the Index, the FFAI C10 Treasury is being launched -- targeting $500M to $1B in initial crypto asset purchases, subject to securing necessary funding, with an initial $30M purchase. Assets will be allocated using an 80% passive, 20% active strategy. The treasury is designed to provide sustainable returns, with staking yields estimated at 3%-5%, which can fund product innovation, potential stock buybacks, and further asset growth. FF is also exploring creating an ETF product based on the C10 Index. Crypto Flywheel to Reshape Faraday Future's Financial Structure The Crypto Flywheel strategy, which the Company intends to operate through a wholly owned and independently managed subsidiary, FFAI Crypto Treasury and Bridging Holdings Inc., is designed to enhance FF's income statement, balance sheet, and cash flow. With on-chain assets serving as both reserves and flexible capital, the strategy enables FF to generate stable staking yields, potentially reducing reliance on high-cost financing, and improve net asset value and structure. Structure Ensures Risk Isolation and Transparency FF's crypto and EV businesses are planned to be operated under separate legal and financial structures to promote risk isolation, operational independence, and asset transparency. Digital assets will be held by third-party custodians and will be fully verifiable on-chain. The structure is designed to allow strategic synergies without direct cross-subsidization -- while reinforcing each other. With this launch, Faraday Future offers investors access to potential dual benefits from the AI mobility and crypto asset markets. This revolutionary move supports the Company's long-standing commitment to maximize stockholder value in a future-forward and sustainable manner. 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/. 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 investments in crypto currency, the Dual-flywheel, Dual-bridge Eco Strategy, 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: possible legal challenges to the executive order allowing for 401(k) investments in crypto currencies; the Company's ability to successfully execute on a new Crypto-based strategy; the Company's ability to raise funds to support a new Crypto-based strategy; the inherent volatility and regulatory uncertainty associated with cryptocurrency investments; 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. Photos accompanying this announcement are available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7f509ef5-ee93-468e-bb24-072fb5073745 https://www.globenewswire.com/NewsRoom/AttachmentNg/fc93d7a8-5491-4be0-ad89-205f59a2926f https://www.globenewswire.com/NewsRoom/AttachmentNg/14ce0c1d-a2ad-41ca-a504-b25c3a7f8fd4

Faraday Future Reminds the Public That it Will Announce a Major Strategy Upgrade With its Dual-Flywheel & Dual-Bridge Eco Strategy on August 16th, at Pebble Beach

LOS ANGELES- Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) ('Faraday Future', 'FF' or the 'Company'), a California-based global shared intelligent electric mobility ecosystem company, reminds the public that a major strategic upgrade for the Company will be announced this coming Saturday August 16th, at Pebble Beach, to kick off the second chapter of FF's Bridge Strategy. This will not only be a major milestone in the evolution of FF's Bridge Strategy, and FF expects that it may create new opportunities for growth. The announcement is part of a series of activities that FF and the FX brands will host and participate in, centered around the famed 2025 Monterey Car Week, held in Pebble Beach from August 14-17. The Company also wrapped up its 5-day countdown today, leading up to the August 16 announcement. The 5 teasers will each uniquely highlight specific components of the Company's new strategy. Day 1 - Treasury The meta-chemistry of Web2 and Web3, a systematic approach to centralized management of corporate funds and assets. More than just reserve and allocation, it's a capital structure enhancer. C? Treasury How will FFAI redefine the treasury? Last Countdown Day to Dual-Flywheel & Dual-Bridge Eco-Strategy Unveiling August 16, 7:30 PM PDT at Pebble Beach, California. FF will unveil 'C? Treasury.' Join us and witness the moment! Day 2 - Index A statistical measure of the overall performance of a group of assets. It tracks assets like stocks and bonds. Inclusion may help boost visibility, liquidity, and capital appeal. FFAI is part of the Nasdaq Composite and, in 2025, the Russell 3000 and Microcap indexes. Day 3 - Eco-chemistry A business model in which a company builds a cross-sector ecosystem that enables deep integration, synergy, and mutual reinforcement across different business units-triggering chemical reactions that generate new elements and new value, ultimately creating outcomes where 1 + 1 > 2, and unlocking significant returns. Day 4 - Flywheel Effect A management and growth framework that builds a self-reinforcing loop through a few key actions. Continuous investment strengthens product capabilities, user satisfaction, and operational efficiency, each driving the others forward like a flywheel, spinning faster and steadier as momentum builds. Day 5 - FF Bridge Strategy Launched in May 2024, the FF Bridge Strategy leverages our 'Light 4, Swift 4, Focused 5, Empowering 5' Model to unite global supply chain strengths with the innovation in the U.S. This approach powers FX, our scalable mass-market brand, and unlock four blue ocean opportunities in the U.S. AIEV market. Pebble Beach activities will include: Company update and announcement Location: Pebble Beach, CA Date/time: Saturday August 16, 7:30pm PDT FF & FX Futurists' Experience Monterey Car Week Vehicles included: FF 91 2.0 + FX Super One Event: Monterey Car Week Location: Pebble Beach, CA Date: Friday, August 15 to Sunday, August 17 Online Campaigns Join the Ride - On the Road or Online FF invites you to witness FF 91 and FX Super One as they embark on their scenic journey from Los Angeles to Monterey. FF encourages the public to capture and share their encounters with the FF 91 and FX Super One along the route or during the event in Monterey. Selected photography and video content may be featured across FF and Faraday X official social platforms, offering contributors the opportunity to be part of this exciting event. FX Super One F.A.C.E. Co-Creation Challenge The FX Super One made its first global debut in Los Angeles on July 17, revealing the world's first Super EAI F.A.C.E. (Front AI Communication Ecosystem). FF cordially invites the public to join its Co-Creation initiative: Design Its Face. Define Its Soul. Unleash your imagination and upload your creative designs for the Super EAI F.A.C.E. Create your own unique vehicle EAI Avatar for the future-and give every vehicle a soul, emotion, and personality. 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/ 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 the investment in crypto currency, the Dual-flywheel, Dual-bridge Eco Strategy, Bos Auto, and Super One crash tests, 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: possible legal challenges to the executive order allowing for 401(k) investments in crypto currencies; the Company's ability to successfully execute on a new strategy; the inherent volatility and regulatory uncertainty associated with cryptocurrency investments; the number of Super One vehicles Bos Auto ultimately purchases, which could be as few as one; the ability of the Super One to successfully pass necessary crash tests; 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.

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

LOS ANGELES, Aug. 24, 2025 (GLOBE NEWSWIRE) -- 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 Global Co-CEO of FF. "This is our 17th weekly update. Many of you have asked whether our "Dual Flywheel & Dual Bridge" eco-strategy could lead to distraction or drift. In fact, it is the opposite. This is not about losing focus, but about strengthening our foundation. Automaking is a long-cycle, high-investment, and slow-return industry. One of the core challenges FF is facing is that: before hitting positive operating cash flow, how do promote long-term and stable capital supply. Our C10 Treasury is designed for this. By accumulating and compounding the world's Top 10 crypto coin portfolio, it has the potential to provide continuous and sustained capital support for our main business -- EAI EV, truly delivering dual-engine growth from both capital and industry." On Friday last week, Federal Reserve Chair Jerome Powell signaled that a rate cut may come as early as September. His remarks gave a major boost to capital markets. U.S. equities moved higher, while crypto reacted faster and stronger. The market priced in liquidity easing more directly, creating a clear upside for our C10 Treasury, as the C10 Index was up nearly 6% on Friday. This week, both flywheels achieved important progress: On S1 User Ecosystem: The influence of our "Dual Flywheel + Dual Bridge" unveiling event continues to grow in the U.S. It has sparked meta-chemistry. Cross-sector outreach in automotive, finance, and Web3 created a multi-domain resonance. As a result, FF and FX received cross-industry attention that far exceeded expectations. We will double our efforts to quickly elevate FF and FX's influence in the U.S. market to another level. Looking at S2-S3: Product & Technology: This week, FX Super One successfully completed the first round of development tests for occupant upper interior impact protection under U.S. Federal Motor Vehicle Safety Standards (FMVSS). FMVSS is recognized as one of the world's most complete and rigorous automotive safety regulations. It is a prerequisite for entering the U.S. market and also sets standards for automotive design, manufacturing, and testing worldwide. FX Super One must meet the requirements of the U.S., the Middle East, and future global markets. This requires testing at the highest standards. We will continue advancing vehicle testing, development, and validation to build a strong foundation for Super One's high safety standards. Moving on to S4, Product Execution & Delivery: This week, we visited the Hanford manufacturing facility to oversee FX Super One's trial production. Thanks to the hard work of our manufacturing team, around 60% of the trial production process planning has already been completed. Next, the team will continue comprehensive validation of production processes, refine work procedures, establish and enhance the quality control system, and carry out dedicated skill training in parallel. Lastly, on S5 Capital Markets and finance: The first dedicated $30 million financing commitment for C10 Treasury closed this week. We expect to begin the first round of asset allocation next week. Our plan is to gradually deploy the full $30 million over the coming weeks. 80% will be allocated passively according to the C10 Index, while 20% will be actively managed. We will share portfolio holdings and performance updates in future weekly reports. C10 Treasury, as a short-cycle, fast-paced, high-value, and cash-cow investment due to steady staking interests, could serve as the financial engine of the entire listed company FFAI, and help accelerate the implementation and execution of the EAI EV strategy. Next week: Our Super One co-creation and sales campaign will officially kick off across eight U.S. states. Over the next weekend, I will make a short trip to the Nevada desert, bringing FX Super One to Burning Man. We also plan to announce an important update there. Burning Man has become a global utopia where leading minds in technology, art, and business pursue creativity and idealism. Elon Musk and Mark Zuckerberg are regulars there, and Google's founders once recruited Eric Schmidt at Burning Man. Schmidt went on to lead Google for a decade, driving its rapid expansion and cementing Google's dominance in the Web2 era. Starting August 28, Super One will also make its debut in Massachusetts, where we and our FF Par partners will host two consecutive co-creation and sales events in the Boston area. At the same time, our New York-based B2B partner Alps will launch a week-long roadshow campaign. On August 30, FF headquarters will host a special event -- the inaugural North America "Go-Global Stand-Up Comedy Festival" and FX Super One Showcase. Joe Wong, the first Chinese stand-up comedian to have roasted a U.S. president live at the White House, will join entrepreneurs, founders, and global expansion pioneers for co-creation and exchange. We will see you next week!" 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/ 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 investments in crypto currency, the Dual-flywheel, Dual-bridge Eco Strategy, 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: possible legal challenges to the executive order allowing for 401(k) investments in crypto currencies; the Company's ability to successfully execute on a new Crypto-based strategy; the Company's ability to raise funds to support a new Crypto-based strategy; the inherent volatility and regulatory uncertainty associated with cryptocurrency investments; 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. A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9e01473b-e707-4753-84ab-33321890efbb