LOS ANGELES--(BUSINESS WIRE)--Nov 12, 2024-- Faraday Future Intelligent Electric Inc. (Nasdaq: FFIE) (“FF”, “Faraday Future”, or the “Company”), a California-based global shared intelligent electric mobility ecosystem company, today announced that the Company’s wholly owned subsidiary, Faraday X (FX), has signed definitive agreements relating to two planned products with top original equipment manufacturers (OEMs). These collaborations aim to jointly advance plans and the first phase of execution for the development, testing, regulatory compliance, supply chain, and production planning of the two models.
This press release features multimedia. View the full release here: https://www.businesswire.
com/news/home/20241112823477/en/ (Photo: Business Wire) These OEMs could serve as top-tier parts suppliers for FX, providing key components for two FX vehicles. This marks significant progress for FX and the Global Automotive Industry Bridge Strategy, giving FX the opportunity, subject to securing necessary funding, to establish a globally competitive supply chain and significantly shorten the delivery cycle to meet the strategic goal of rolling out the first model by the end of 2025. These agreements support FX’s goals of seizing historic blue ocean opportunities of the American AIEV industry and becoming the “Toyota of the AIEV era.
” “By empowering the FX mass-market models with much of the Ultimate AI TechLuxury technologies, we hope to fill the gap in the U.S.