Reaffirms FF’s Commitment to Both the New Robotics Business and Existing Vehicle Business, Which Achieved a Milestone Relating to the FX Super One to be Announced Next Tuesday

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.

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Faraday Future Founder and Co-CEO YT Jia Shares Weekly Investor Update: Reaffirms FF’s Commitment to Both the Newly Introduced Robotics Business and Existing Vehicle Business, Which Achieved a Milestone Relating to the FX Super One to be Announced Next Tuesday

“This week, the launch of FF’s EAI Robotics products generated stronger-than-expected engagement. We trended at the top of major platforms across multiple channels. Thank you, sincerely, for following our progress and for your support of FF and me. I believe FF’s operating fundamentals are improving.

That said, in the capital markets, recent broad volatility has driven short-term sentiment swings. FFAI experienced a substantial increase in trading volume and short selling, and our share price experienced abnormal volatility and closed below $1.00 the last two trading days.

Our EAI Robotics strategy has been very well received in the private markets, with overall recognition meaningfully stronger than what we saw in the public market this week. In other words, the feedback from the private market and the public market was completely opposite. I want to reflect on this: we did not communicate and explain the strategy clearly enough to the public, and that information gap led to deeper concerns and even misunderstandings. I’ve seen comments such as: “Are you getting distracted again?” “Is FF no longer focused on vehicles?” or “Is something wrong with the vehicle business?”

The answer to each question is “no.” Our robotics business is an upgrade to our overall EAI strategy and our bridge strategy. It does not distract us from our vehicle business. Rather, we believe it can empower the vehicle business across multiple dimensions, including business execution, capital strategy, financial structure, product, and technology, among others.

Here comes a big teaser, on the same day of the robotics event, we achieved a milestone relating to the Super One. We will announce the full details after market close next Tuesday. Stay tuned.

We firmly believe that with the build-out of our Dual-Bridge, Dual-Flywheel, Dual-Public-Company ecosystem, and with EAI EV and EAI Robotics now both activated, FFAI has undergone a fundamental and systemic upgrade. We are highly confident that this year will be FF’s momentum-building year, and we are going all-in to position FF to take off next year. We firmly oppose any stock split and will be prudent with our equity issuances. We remain committed to putting stockholders first and will do everything we can to safeguard stockholder interests.