Faraday Future Welcomes City of Hanford, Calif., Managers to Its Hanford Production Plant | Your money

HANFORD, Calif .– (BUSINESS WIRE) – October 20, 2021–

Faraday Future Intelligent Electric Inc. (“FF”) (NASDAQ: FFIE), a California-based global shared intelligent electric mobility ecosystem company, recently welcomed Hanford Mayor Francisco Ramirez and City Manager Mario Cifuentez to its production facility from the Central Valley of California. to share updates on current and future progress related to its production plans. FF invited local officials as part of a recent management update session at its Hanford plant, which detailed next steps in its manufacturing process for the pinnacle of FF 91 EV smart technology. FF remains on track to launch FF 91 in July 2022.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211019006292/en/

Matt Tall, VP of Manufacturing at FF, reviews the progress and layout of the site with the FF team and the Mayor of Hanford (Photo: Business Wire)

“I would like to thank FF for giving me a very easy and in-depth update tour of their FF 91 factory here in Hanford last week. I was able to see firsthand how far they have come in a short period of time and also hear talk about their strategic milestones, including local hiring plans, as they prepare to completely finish their production facility in the coming months, “Hanford Mayor Ramirez said.” This facility will be a hub of top-notch production for their vehicles and will allow skilled local residents to be part of the workforce they are bringing in now and in the near future to help bring the FF 91 to market next summer. “

A video interview with Hanford Mayor Ramirez with more details on his visit to the FF manufacturing plant can be found here: https://ev.ff.com/3BXpYet

The production objectives of the FF 91 are modest, focused on a smaller volume and a specific clientele, ensuring a smooth deployment of the FF 91 and future vehicles. The FF Hanford Plant will adopt a bespoke, high-quality, luxury-focused production setup for its flagship FF 91 EV, engineered and engineered for superior craftsmanship worthy of FF’s exclusive premium luxury vehicles . This is one of the many differentiators of FF from traditional OEM mass production.

“FF is a real anchor point on which to attract other technology and electric vehicle companies. Economic Development Corp. (EDC) was involved in recruiting FF in Kings County, and we have maintained a positive relationship with the company, ”said Lance Lippincott, President of EDC Kings County. “We are confident that their success will encourage suppliers and other businesses to locate in Kings County. We are ready to help them succeed.

Since its IPO in July, FF has started construction at the Hanford plant and completed the pilot line systems to support FF pre-production builds. A video link with more details of the FF manufacturing plant in Hanford, including a detailed tour led by Matt Tall, FF vice president of manufacturing, can be viewed here: https: //ev.ff. com / 3E0mt7I

The FF 91 Futurist Alliance Edition and FF 91 Futurist models represent the next generation of luxury intelligent electric vehicles. These are high-performance electric vehicles, all-in-one cars, and the ultimate robotic vehicles that allow users to experience a third internet living space beyond their home and office. Templates encompass extreme technology, ultimate user experience, and complete ecosystem. Users can reserve a FF 91 Futurist model now through the FF smart app or FF.com at: https://www.ff.com/us/reserve

Download the new FF smart app at: https://apps.apple.com/us/app/id1454187098 or https://play.google.com/store/apps/details?id=com.faradayfuture.online

ABOUT FARADAY FUTURE

Founded in May 2014, FF is a global shared intelligent mobility ecosystem company, headquartered in Los Angeles, California. Since its inception, FF has implemented many innovations regarding its products, technology, business model, profit model, user ecosystem and governance structure. On July 22, 2021, FF was listed on the NASDAQ under the new company name “Faraday Future Intelligent Electric Inc.”, and the ticker symbols “FFIE” for its Class A common stock and “FFIEW” for its warrants. . FF aims to continuously improve the way people move by creating a forward-thinking mobility ecosystem that integrates clean energy, AI, the internet and new usage models. With the ultimate smart techluxury brand positioning, FF FF 91 Futurist’s first flagship is equipped with unbeatable product power. It is not only a high performance electric vehicle, multi-purpose car and ultimate robotic vehicle, but also the third internet living space.

FOLLOW FARADAY’S FUTURE:

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NO OFFER OR SOLICITATION

This communication does not constitute an offer to sell or the solicitation of an offer to buy securities, and there will be no sale of securities in any jurisdiction in which the offering, solicitation or sale would be illegal before. registration or qualification under the securities laws of such jurisdiction.

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. “,” anticipates “,” anticipates “,” anticipates “,” has the intention of “,” believes “,” seeks “,” may “,” will “,” should “,” in the future “,” proposes “and variations of these words or similar expressions (or negative versions of these words or phrases) 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 beyond the control of FF, which could cause actual results or results to differ materially from those discussed in forward-looking statements. Significant factors, among others, that may affect actual results include FF’s ability to execute its development and marketing plans for its vehicles and the timing of such development programs; FF’s estimates of the size of the markets for its vehicles and the costs to bring its vehicles to market; the rate and degree of market acceptance of FF vehicles; the success of other competing manufacturers; the performance and safety of FF vehicles; potential litigation involving FF; the result of future funding efforts and general economic and market conditions affecting the demand for FF’s products. The foregoing list of factors is not exhaustive. You should carefully consider the above factors and other risks and uncertainties described in the “Risk Factors” section of the preliminary registration statement on the recently filed S-1 form by FF and other documents filed by FF from from time to time with the SEC. These documents identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in forward-looking statements. Forward-looking statements speak only as of the date on which they are made. Readers are cautioned not to place undue reliance on forward-looking statements, and FF assumes no obligation to update or revise forward-looking statements, whether as a result of new information, future events or otherwise, except if the law requires it.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20211019006292/en/

CONTACT: For Faraday Future

Investors: [email protected]

Jean Schilling

Media: [email protected]

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: HUMAN RESOURCES PUBLIC POLICY / GOVERNMENT PROFESSIONAL SERVICES TRANSPORT TRAVEL OTHER TRANSPORT OTHER CONSTRUCTION & REAL ESTATE OTHER MANUFACTURE REPLACEMENT VEHICLES / FUELS COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & REAL ESTATE AUTOMOTIVE MANUFACTURING CONSTRUCTION & REAL ESTATE MANUFACTURING CONSTRUCTION & REAL ESTATE

SOURCE: Faraday Future Intelligent Electric Inc.

Copyright Business Wire 2021.

PUB: 10/20/2021 02:55 / DISC: 10/20/2021 02:56

http://www.businesswire.com/news/home/20211019006292/en


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