Faraday Future Reports Financial Results for First Quarter 2025

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 its financial results for its first quarter 2025, highlighted by several key metrics that highlight both the Company’s operational execution and financial position and also its significant progress in its FX brand and product development. It also provided an update on subsequent events and its outlook for the remainder of 2025.

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Faraday Future Reports Financial Results for First Quarter 2025

SUMMARY

The Company began the quarter by reaffirming its plans for the FX Super One, which would be its first-class AI-MPV product, and planned to roll off the line by 2025. The Company plans to hold the first FX vehicle launch event and start to collect refundable paid reservations from the public in Q2 2025. This marks a pivotal moment in FF’s mass-market strategy. FF also officially entered the East Coast market with the delivery of the first FF 91 2.0 Futurist Alliance in New York, expanding the Company’s regional footprint beyond California. FF plans to maintain FF 91 2.0 deliveries to spire users and co-creators.

To support FX development, FX kicked off U.S. homologation and road testing for the FX Super One and, in the second quarter, FX6 prototype mules, to keep on track toward regulatory and production milestones. In alignment with its long-term focus on implementing AI technology, building the next generation AIEV.

FF also established a new subsidiary, Future AI Hybrid Extended-Range (AIHER), which will look to lead the design and development of the world’s first AI-powered hybrid extended-range electric powertrain. This is a core enabler of our long-term platform strategy.

Internally, FF enhanced its capital and operational leadership, with Jerry Wang appointed as Global President to drive global execution, product delivery, and organizational efficiency. And just recently, the Company invited YT Jia, FF’s founder, to come back to the helm to co-lead the company as Global Co-CEO together with Global Co-CEO Matthias Aydt. Regarding vehicle delivery, FF continued to expand its client base with two FF 91 2.0 deliveries, one in California and one in New York.