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.

“Now we’re at the CEO Weekly Update #004. Each weekly update is more than just a report, it’s a moment of self-reflection. The act of writing things down forces us to beware of problem-solving and reminds us to stay outcome driven. It also motivates us to deliver good news, show real progress, and plan the week ahead with greater intention—and share all of it with you. Now for this week’s progress. We have some good news.

Start with S1 User Ecosystem:

We have secured another binding deposit agreement, which includes a non-binding reservation and a non-refundable deposit for 600 units, from Los Angeles-based integrated auto service provider NEW PBB AUTO. The deal also brings FX’s total paid B2B deposits to 1,900 units. Following this progress, we are also expecting comprehensive cooperation spanning several key areas: co-creation ecosystem direct sales, after-sales services, user operations and services.

In addition to becoming a co-creation partner, NEW PBB AUTO is expected to serve as the first FX Par (Partner) in Los Angeles. FX Par is our offline user operations and service system, designed to work in tandem with our co-creation ecosystem online direct sales system, forming a closed-loop user acquisition and user operations model.

FX Par partners can enjoy multiple advantages: revenue sharing, asset-light operations, fast return cycles, and strong capital appreciation potential.

The FX Par system will also follow a zonal management. For example, the County of Los Angeles contains 88 cities, and Greater LA encompasses 184. NEW PBB AUTO will be responsible for offline operations and services in six cities within LA County, sharing various revenue and growth of that region.

Through the FX Par model, we are building a multi-state offline network for user operations and services. We welcome like-minded partners across California and in our seven Phase-1 focus states to join FX Par. As our “Dream Partners,” you will have the opportunity to co-create within and share the benefits of the U.S. AIEV mobility ecosystem. Reach out to us at: [e-mail].

FX Par inherits the explosive momentum and disruptive power of the original Le Par model that reshaped the market in China. We hope this proven model, reborn for the AIEV era, can thrive in the U.S.—delivering new energy and blue-ocean value that is co-created and shared with our FX Par partners.