Faraday Future Continues Progress in the Middle East Market with Establishment of a Middle East Sales Entity

Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) (“Faraday Future”, “FF” or “Company”) today announced the establishment of a Middle Eastern sales entity in Dubai, signifying an important milestone in the Company’s expansion plans. With the entry into the Middle East, FF will now operate under a “third pole” geographic strategy that includes the U.S. and China, markets that are known for their strong appetite for cutting-edge, high-end products.

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Tin Mok, Executive Director and Global Executive Vice President of User Ecosystem at Faraday Future, presents the trade license of FF's Middle East sales entity. (Photo: Business Wire)

Last November, FF unveiled its Middle East strategy through strategic cooperation agreements with Master Investment Group and Siraj Holding LLC, coupled with the introduction of the FF brand to the region. This expansion is aligned with the Company’s vision to revolutionize mobility through intelligent and connected electric vehicles.

Moreover, the Company continues to engage with potential partners in the Middle East to explore opportunities, including strategic financing, business development, and sales and marketing.

“The establishment of a sales entity marks a pivotal moment in FF’s journey as we seek to extend our footprint into the Middle East,” said Matthias Aydt, Global CEO of FF. “It underscores FF’s commitment to becoming a part of the region’s dynamic and rapidly growing market for electric, smart and AI-driven vehicles.”

The Company plans to launch a limited-edition model, the FF 91 2.0 Futurist aiFalcon, tailored to the Middle East market, with initial deliveries targeted in 2024.

ABOUT FARADAY FUTURE

Faraday Future is the pioneer of the Ultimate AI TechLuxury 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 a pursuit of intelligent and AI-driven mobility.