\nFaraday Future Intelligent Electric Inc. (Nasdaq: FFIE) (“Faraday Future”, \u201cFF\u201d or “Company”), a California-based global shared intelligent electric mobility ecosystem company, today announced that it is seeking public opinion through an online survey on changing FF\u2019s stock ticker from \u201cFFIE\u201d to \u201cFFAI.\u201d<\/p>\n
This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230523006171\/en\/<\/a><\/p>\n Faraday Future Launches Survey to Solicit Opinions on Ticker Symbol Change from FFIE to FFAI (Graphic: Business Wire)<\/p>\n<\/div>\n \nOn May 2nd<\/sup> of this year, FF announced its Generative AI Product Stack to the public. The product stack combines FF\u2019s foundational capabilities such as the Company\u2019s computing platform, advanced operating system, ultra-fast internet connectivity, AI and natural language processing abilities, multiple displays, with generative AI capability designed to give extraordinary abilities to users. FF is one of the first automotive manufacturers to integrate and demonstrate generative AI capabilities in a vehicle.<\/p>\n \nVehicle I.A.I (Internet, Autonomous Driving, Intelligence) and artificial intelligence research and development have always been FF\u2019s core strategic focus. Today, these research and development achievements have become core highlights of the Company\u2019s flagship FF 91. The Company intends to announce more details regarding its AI strategy at its FF 91 Final Launch & Faraday Future 2.0 event, set to occur on May 30th.<\/p>\n \nThe \u201cFFAI\u201d ticker was the Company\u2019s first choice when FF went public in 2021 on Nasdaq, but it was not available then. The Company recently learned that \u201cFFAI\u201d has become available again and management feels this name more accurately aligns with the core vision for the Company. Co-creation and sharing have always been the core principles upheld by FF, therefore the Company would like to solicit opinions from all stakeholders, enthusiasts, and other interested parties on whether to change the stock ticker to FFAI.<\/p>\n \nIf you would like to express your opinion on this matter, please fill out the survey in the following link:<\/p>\n \nUS \nWe will consolidate all opinions and submit proposed recommendations to the board of directors for their reference before making the final decision.<\/p>\n \nAs intelligent electric vehicles become super robots, the driving experience and digital cockpit will be fully intelligent. FF believes AI will become the core competitiveness of the future mobility ecology and redefine the usage scenarios of future mobility products. As one of the world’s first intelligent electric vehicle manufacturers, FF has been committed to the research and development of AI technology platforms, applied to autonomous driving platforms and the third intelligent internet space.<\/p>\n \nUsers can preorder an FF 91 vehicle via the FF Intelligent App or through our website (English): https:\/\/www.ff.com\/us\/preorder\/<\/a> or (Chinese): https:\/\/www.ff.com\/cn\/preorder\/<\/a><\/p>\n \nDownload the new FF Intelligent App (English): https:\/\/apps.apple.com\/us\/app\/id1454187098<\/a> or https:\/\/play.google.com\/store\/apps\/details?id=com.faradayfuture.online<\/a>, (Chinese): http:\/\/appdownload.ff.com<\/a><\/p>\n ABOUT FARADAY FUTURE<\/b><\/p>\n \nFF is the pioneer of the Ultimate Intelligent TechLuxury ultra spire market in the intelligent EV era, and a disruptor of the traditional ultra-luxury car industry. FF is not just an EV company, but also a software-driven company of intelligent internet AI product.<\/p>\n FOLLOW FARADAY FUTURE:<\/b><\/p>\n https:\/\/www.ff.com\/ FORWARD LOOKING STATEMENTS<\/b><\/p>\n \nThis press release \u201cforward looking statements\u201d 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 \u201cestimates,\u201d \u201cprojected,\u201d \u201cexpects,\u201d \u201canticipates,\u201d \u201cforecasts,\u201d \u201cplans,\u201d \u201cintends,\u201d \u201cbelieves,\u201d \u201cseeks,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cshould,\u201d \u201cfuture,\u201d \u201cpropose\u201d 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\u2019s ability to integrate generative AI capabilities in a vehicle and the Company\u2019s ability to continue its research and development of AI technology platforms as applied to autonomous driving platforms and the third intelligent internet space, and the Company\u2019s ability to meet its future production and delivery plan, and the development and success of Mission Farad and the Company\u2019s co-creation and benefits co-sharing program, 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\u2019s 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 whether the FF Top Holdings LLC Shareholder Agreement complies with Nasdaq listing requirements, including Nasdaq Listing Rule 5640 regarding voting rights, the market performance of the Company\u2019s Common Stock, the Company\u2019s ability to regain compliance with the Nasdaq listing requirements and the Company\u2019s ability to execute definitive documentation in connection with and\/or satisfy the conditions precedent and close on the various financings previously disclosed by the Company and anticipated additional financings, the failure of any of which could result in the Company seeking protection under the Bankruptcy Code; the Company\u2019s ability to amend its certificate of incorporation to permit sufficient authorized shares to be issued in connection with the Company\u2019s existing and contemplated financings; the ability of the Company to agree on definitive documents to effectuate the non-binding City of Huanggang Framework Agreement; the Company\u2019s ability to remain in compliance with its public filing requirements under the Securities Exchange Act of 1934, as amended, and Nasdaq listing requirements and to continue to be listed on Nasdaq (including following the execution of the Shareholder Agreement); the outcome of the Securities and Exchange Commission (the \u201cSEC\u201d) investigation relating to the matters that were the subject of the Special Committee investigation and other litigation involving the Company; the Company\u2019s ability to execute on its plans to develop and market its vehicles and the timing of these development programs (including timely receipt of parts and completion of crash tests); the Company\u2019s 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\u2019s vehicles; the success of other competing manufacturers; the performance and security of the Company\u2019s vehicles; potential litigation involving the Company; the result of future financing efforts and general economic and market conditions impacting demand for the Company\u2019s products; potential cost, headcount and salary reduction actions may not be sufficient or may not achieve their expected results; and the ability of the Company to attract and retain employees. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the \u201cRisk Factors\u201d section of the Company\u2019s registration statement on Form S-1 filed with the SEC on May 4, 2023, the \u201cRisk Factors\u201d section of the Company\u2019s Form 10-Q filed with the SEC on May 10, 2023, the \u201cRisk Factors\u201d section of the Company\u2019s Annual Report on Form 10-K filed with the SEC on March 9, 2023, 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.<\/p>\n View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230523006171\/en\/<\/a><\/span><\/p>\n Investors (English):<\/b>ir@faradayfuture.com KEYWORDS:<\/b> United States North America California<\/p>\n INDUSTRY KEYWORDS:<\/b> Automotive Manufacturing Manufacturing Vehicle Technology Retail Autonomous Driving\/Vehicles Automotive Other Technology EV\/Electric Vehicles Artificial Intelligence Software Internet Luxury Technology Alternative Vehicles\/Fuels Robotics Transportation General Automotive Performance & Special Interest Travel<\/p>\n![\"Faraday](\"https:\/\/mms.businesswire.com\/media\/20230523006171\/en\/1801984\/4\/FF_AI.jpg\")
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Investors (Chinese):<\/b>cn-ir@faradayfuture.com
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Media:<\/b>john.schilling@ff.com<\/a><\/p>\n
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