On November 20, QLGN, which is Strategically Invested in and Controlled by FFAI, will Begin Using its New Name, AIxCrypto, and will be Traded Under AIXC

• Future FF and FX BEV vehicles equipped with NACS charge ports in North America, and other markets will gain access to 28,000+ Tesla Superchargers, providing more infrastructure convenience for future drivers.
• FF and FX will take part in the Los Angeles Auto Show starting next week. Over the next two weekends, from Friday to Sunday, we welcome everyone to visit us at the LA Convention Center and experience the First Class EAI-MPV.
  
  

LOS ANGELES, Nov. 16, 2025 (GLOBE NEWSWIRE) -- 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 Global Co-CEO of FF.

“Welcome to the 29th issue of the Weekly Report. Let me start this week’s update with three big news items:

1. On November 12, QLGN, which is strategically invested in and controlled by FFAI, held its stockholders meeting. All proposals were approved with strong support. FFAI will become the majority and controlling stockholder of QLGN, with an initial direct ownership of about 55%. Including related parties Jerry Wang and myself, the ownership is about 63% in total. FFAI will also hold a majority of board seats.
   
   
2. On November 20, 2025, QLGN will begin using its new name, AIxCrypto. Its stock ticker will be changed to AIXC. The company will host a renaming and strategy launch event at Nasdaq exchange. It will also announce the full board list. I believe these two major developments mark the completion of our mutually empowering Dual Flywheel structure with two listed companies. AIXC may also bring meaningful empowerment and important strategic value back to FFAI. QLGN will share more details at the event on the 20th. I welcome everyone to follow the update.
   
   
3. FF and FX are adopting the North American Charging System (NACS) for its future models. Future FF and FX vehicles — including the planned BEV version of the Super One — will get, under license from Tesla, direct access to Tesla’s Supercharger network. This greatly expands infrastructure availability for our users, meaning expanded driving coverage. 
   
   

Moving on to EAI Flywheel progress this week, starting with S1 User Ecosystem:

The FX Super One B2B sales momentum continues to build. FX signed a non-binding non-refundable pre-order agreement for 100 units of Super One with the California Hanlin Entrepreneurs Association and has already received the $10,000 non-refundable deposit. Once again, we are demonstrating strong recognition from business leaders and high-net-worth user groups. Both parties intend to deepen collaboration in user acquisition and community co-creation.