Faraday Future Founder and Co-CEO, YT Jia, Shares Weekly Investor Update

Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) (“Faraday Future”, “FF” or the “Company”), a California-based global shared intelligent electric mobility ecosystem company, today shared a weekly business update from YT Jia, Founder and Co-CEO of FF.

“Promises made, promises kept. Welcome to our third FF Co-CEO Investor Weekly Update.

This week, we welcomed a number of important clients—from a Californian limousine and livery association to several groups of our core suppliers, including Tier One suppliers from China. A very busy and very fulfilling week, to say the least.

Let me share our progress on this week’s key goals:

Start with S1 User Ecosystem:

1, We’ve announced that FF’s Annual Stockholders’ Day will be held on May 31. This will be a valuable opportunity to meet our stockholders face-to-face, listen to their suggestions, and engage in open dialogue. That evening, I’ll join a dinner with a group of long-time supporters and members of our executive team.

2, On Friday, we welcomed the Greater California Livery Association (GCLA) to our headquarters for an in-depth FF and FX drive-and-ride experience. More importantly, we held focused B2B procurement discussions, and the feedback on our potential FX products was overwhelmingly positive. The FX Super One, in particular, left a strong impression. As a First Class AI-MPV unlike anything currently available in the U.S. market, it delivered a truly disruptive experience for GCLA board members and top-tier luxury transportation providers across California.

If we can collaborate with GCLA in the future, it could help us expand into a much broader luxury livery market across the U.S., which means larger-scale B2B sales potential for both FF and FX.

3, Next week, we plan to launch a new module under our B2B and Co-Creation Ecosystem Online Direct Sales, which is the innovative B2B pre-order acquisition from livestream e-commerce MCN agencies. We’re optimistic about the early momentum and look forward to sharing updates hopefully next week.

Going to S5 Finance and Capital Markets:

Many stockholders have been closely following our management share purchase plan. I want to let you know that we’ve been actively and steadily pushing this forward this week. We’ve already selected a U.S.-based brokerage firm that specializes in executive stock purchase programs. Some members of the management team, including myself, have submitted the necessary paperwork expressing our intent to establish a 10b5-1 purchase plan when permitted.