Faraday Future Intelligent Electric

Faraday Future Intelligent Electric, Inc. is an emerging growth company, which manufactures electric vehicles. The company was founded by Jia Yueting in May 2014 and is headquartered in Gardena, CA.

Earnings data Q3 2021

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Faraday Future reports revenue growth and strategic milestones in Q4

Faraday Future Intelligent Electric (FFIE) made significant strides in 2023, achieving key milestones, reducing losses, and securing substantial fundraising.
While facing revenue challenges, the company's focus on brand, innovation, and financial efficiency positions it for future growth and success.
Strategic opportunities in financing, market expansion, and technology integration pave the way for FFIE to capitalize on its strengths and drive value creation.

Faraday Future reports Q2 loss but eyes global expansion opportunities

FFIE's Q2 2024 performance showed improved operating expenses and strategic financing through convertible debt, focusing on profitability.
The company's strengths lie in its market expansion strategies, collaborations with OEMs, and enhanced financial flexibility.
Challenges include production ramp-up, achieving profitability, and addressing ongoing financial constraints for sustainable growth.
Opportunities for FFIE include market penetration, international expansion, and diversification through strategic financing and operational enhancements.

Faraday Future Intelligent Electric (FFIE) reports improved Q3 performance

Faraday Future Intelligent Electric (FFIE) reported a positive Q3 2024 performance marked by improved financial metrics and strategic initiatives. While challenges in stabilizing operations and achieving profitability exist, the company's focus on growth through international expansion and brand development offers promising opportunities for future success.

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LOS ANGELES , June 27, 2022 /PRNewswire/ -- FF Top Holding LLC ("FF Top") a major shareholder of Faraday Future Intelligent Electric Inc.("FF", FFIE")(NASDAQ:FFIE), delivered a Notice of Removal of FF Top Designee (the "Removal Notice") to the Board of Directors of FFIE pursuant to Section 2.1(c) of the Shareholder Agreement, dated as of July 21, 2021, by and between FF Top and FFIE (the "Shareholder Agreement"), stating that it was exercising FF Top's right to remove Mr. Brian Krolicki, an FF Top Designee, from the Board of Directors.

FF Top Holding LLC delivered a Notice of removal of Mr. Brian Krolicki from the Board of Directors of Faraday Future

Faraday Future is fast running out of cash just as the production of its flagship FF 91 is about to begin. The worsening macroeconomic backdrop will make plugging this liquidity gap more difficult.

Faraday Future: An SEC Subpoena, No Revenue, And Almost No Cash Left

Faraday Future Intelligent Electric will be able to launch its FF91 luxury vehicle without the need for additional funding, Chief Executive Officer Carsten Breitfeld said on Wednesday in an interview with Reuters.

Faraday Future says it doesn't need more funds to launch FF91 electric luxury car

Property Solutions Acquisition

SAN FRANCISCO , June 14, 2022 /PRNewswire/ -- Schubert Jonckheer & Kolbe LLP is investigating potential claims on behalf of certain shareholders of Faraday Future Intelligent Electric, Inc. ("Faraday") (NASDAQ: FFIE), formerly known as Property Solutions Acquisition Corp. ("PSAC") (formerly NASDAQ: PSAC), relating to possible false and misleading statements to investors. Faraday was formed pursuant to a merger between PSAC, a special purpose acquisition company (SPAC), and FF Intelligent Mobility Global Holdings Ltd.

SHAREHOLDER ALERT: Former Directors and Officers of Property Solutions Acquisition Corp., now known as Faraday Future Intelligent Electric, Inc., Under Investigation for False and Misleading Statements

Amid an investigation by the Securities and Exchange Commission into inaccurate statements to investors, Faraday Future has received a preliminary request for information from the U.S. Department of Justice. The DOJ's request for information is related to the SEC probe, according to a securities filing submitted by the electric vehicle startup Thursday.

EV SPAC Faraday Future now has the attention of the DOJ

Faraday Future said Wednesday during an investor presentation that it plans to open a factory in China as early as 2025, even as it faces a shortage of capital and an SEC investigation. The electric vehicle maker said it is scouting locations for a site to build its future vehicles and serve as a local […]

Faraday Future says it plans to open a Chinese factory by mid-decade

LOS ANGELES--(BUSINESS WIRE)--Faraday Future Intelligent Electric Inc. (“FF”) (NASDAQ: FFIE), a California-based global shared intelligent electric mobility ecosystem company, today announced that it will participate in the Deutsche Bank Global Auto Industry Conference, which will be held in New York, NY on June 14-16, 2022. FF will participate in a fireside chat on June 15, 2022 from 9:30am – 10:05am ET. After the fireside chat on June 15, 2022, FF will conduct meetings with institutional inve

Faraday Future to Speak at Deutsche Bank Global Auto Industry Conference

Cerence

LOS ANGELES & BURLINGTON, Mass.--(BUSINESS WIRE)--Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced that Faraday Future Intelligent Electric Inc. (“FF”) (NASDAQ: FFIE), a California-based global shared intelligent electric mobility ecosystem company, has selected Cerence's AI-powered text-to-speech (TTS) technology to enable natural, human-like communication for the in-car assistant in its FF 91 ultra-luxury electric vehicle, set to start production in Q3 2022. FF will also

Faraday Future Selects Cerence to Provide Natural, Human-Like Voice for its In-Car Assistant in the New FF 91 EV

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE ) Q1 2022 Earnings Conference Call May 23, 2022 5:00 PM ET Company Participants Mark Connelly - VP, IR Carsten Breitfeld - Global CEO Becky Roof - Interim CFO Conference Call Participants Dan Ives - Wedbush Trevor Young - Credit Suisse Emmanuel Rosner - Deutsche Bank Michael Ward - The Benchmark Company Operator Good afternoon and welcome to Faraday Future's First Quarter 2022 Earnings Conference Call. Today's call is being recorded, and we have allocated 1 hour for prepared remarks and Q&A.

Faraday Future Intelligent Electric Inc. (FFIE) CEO Carsten Breitfeld on Q1 2022 Results - Earnings Call Transcript

LOS ANGELES--(BUSINESS WIRE)--Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) ("FF”, “Faraday Future”, or “the Company"), a California-based global shared intelligent electric mobility ecosystem company, today announced financial results for its first quarter ended March 31, 2022. “We continued to make progress during the first quarter at our Hanford manufacturing plant, where mechanical systems and equipment installation is underway in preparation for FF 91 production,” said Dr. Carste

Faraday Future Reports Financial Results for First Quarter 2022

LOS ANGELES--(BUSINESS WIRE)--Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) (“Faraday Future”, “FF”, or “the Company”), a California-based global shared intelligent electric mobility ecosystem company, today announced that the Company will release its first quarter 2022 results after market close on Monday, May 23, 2022, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day. Interested investors and other parties can listen to a webcast of the live conference

Faraday Future Announces First Quarter 2022 Earnings Release Date and Conference Call

BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Faraday Future Intelligent Electric Inc. (“FF”) (NASDAQ: FFIE), a California-based global shared intelligent electric mobility ecosystem company, today announced its flagship brand experience center in prestigious Beverly Hills, Calif., and its selection of ASTOUND Group to implement design direction, and execute the physical experience of the interior and exterior spaces. FF is on track to launch its flagship vehicle, the FF 91, in Q3 2022. The retail sp

Faraday Future Announces its First, Flagship Brand Experience Center in Beverly Hills, Selects ASTOUND Group for Experience Design and Execution

LOS ANGELES--(BUSINESS WIRE)--Faraday Future Intelligent Electric Inc. (the “Company,” “Faraday Future,” or “FF”) (NASDAQ: FFIE), a California-based global shared intelligent electric mobility ecosystem company, today filed a Form 12b-25 notifying the Securities Exchange Commission (“SEC”) that the Company is unable to file its Quarterly Report on Form 10-Q for the period ended March 31, 2022 (“Q1 2022 Form 10-Q") within the prescribed time period. The Company does expect to file the Q1 2022 Fo

Faraday Future Provides Update on Status of SEC Filings

A relief rally didn't last as the realities of the business challenges took center stage.

Why a 30% Rally Fizzled for This Electric Vehicle Stock Today

LOS ANGELES--(BUSINESS WIRE)--Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) ("FF”, “Faraday Future”, or “the Company"), a California-based global shared intelligent electric mobility ecosystem company, today announced financial results for its fourth quarter and full-year ended December 31, 2021. Results were delayed as a result of the previously disclosed Special Committee review. “We made significant progress during the fourth quarter with several important milestones reached at our

Faraday Future Reports Financial Results for Fourth Quarter and Full Year 2021

The company says it's on track to launch production in a matter of months.

Why Electric-Vehicle Stock Faraday Future Stock Zoomed 18% Higher Today

LOS ANGELES--(BUSINESS WIRE)--Faraday Future Intelligent Electric Inc. (“FF”) (NASDAQ: FFIE), a California-based global shared intelligent electric mobility ecosystem company, today announced that work is underway on all major mechanical electrical and plumbing (MEP) systems to support equipment installation, thus marking the company's manufacturing milestone #5. With this achievement, FF demonstrates steady progress toward Start of Production (SOP) and remains on track to launch the FF 91 flag

Faraday Future Marks Production Milestone #5 at its Hanford, Calif. Manufacturing Facility, Remains on Schedule to Launch in Q3 2022

LOS ANGELES--(BUSINESS WIRE)--Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) (“FF,” “Faraday Future” or “the Company”), a California-based global shared intelligent electric mobility ecosystem company, today announced financial results for its third quarter ended September 30, 2021. Results were delayed as a result of the previously announced Special Committee review. “The third quarter of 2021 was eventful for Faraday Future as we completed our merger with PSAC and became a public com

Faraday Future Reports Financial Results for Third Quarter 2021

LOS ANGELES--(BUSINESS WIRE)--Faraday Future Intelligent Electric Inc. (“FF”) (NASDAQ: FFIE), a California-based global shared intelligent electric mobility ecosystem company, today announced Brembo, the world industry-leading innovator of brake technology, as the main supplier of full brake caliper assembly for its ultimate intelligent techluxury FF 91 EV. “Brembo, a world leader in braking systems, perfectly complements the requirements of an ultra-premium EV such as the FF 91,” said Carsten

Faraday Future Announces Brembo as Brake Supplier for Upcoming FF 91 EV

VANCOUVER, BC / ACCESSWIRE / April 25, 2022 / Faraday Copper Corp. ("Faraday" or the "Company") (CSE:FDY) is pleased to announce that it has increased the size of its private placement (the "Private Placement") of common shares of the Company announced on April 20, 2022. The Private Placement has increased from $15 million to $20 million, at an offering price of $0.80 per common share, due to strong demand.

Faraday Copper Upsizes Previously Announced Non-Brokered Equity Offering from $15 Million to $20 Million; and Announces Ticker Symbol Change to FDY

Faraday Future, the troubled EV startup turned publicly traded company, has taken more disciplinary action as part of its now concluded internal investigation, including removing founder and former CEO Jia Yueting as an executive officer. The company said in a securities filing Thursday that Yueting Jia, or YT, will continue in his position as chief […]

Faraday Future demotes founder as management shakeup continues

Faraday Future Intelligent Electric Inc. FFIE, -1.18% said late Thursday it has received a notice of noncompliance from the Nasdaq stock exchange due to its delay in filing its 10-K. The notice was expected and the company said it hopes to regain compliance by April 19.

Faraday Future receives Nasdaq noncompliance notice

LOS ANGELES--(BUSINESS WIRE)--Faraday Future Intelligent Electric Inc. (the “Company,” “Faraday Future,” or “FF”) (NASDAQ: FFIE), a California-based global shared intelligent electric mobility ecosystem company, today announced that the Company received a letter from The Nasdaq Stock Market LLC (“Nasdaq”) on April 4, 2022 indicating that, because the Company has not yet filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2021 (the “Form 10-K”), the Company does not compl

Faraday Future Receives Anticipated Letter from Nasdaq Regarding Form 10-K Filing

LOS ANGELES--(BUSINESS WIRE)--Faraday Future Intelligent Electric Inc. (“FF”) (NASDAQ: FFIE), a California-based global shared intelligent electric mobility ecosystem company, today announced its partnership with Meta System to become the supplier of on-board power management module products for its ultimate techluxury FF 91 EV and upcoming FF 81 vehicles. “Meta System's deep understanding in power conversion of electrified powertrain systems, combined with its technologically advanced products

Faraday Future Announces Meta System as Supplier of On-Board Charging Power Management for the Upcoming FF 91 EV

Advanced Material Development said it has been selected as one of 11 companies for the 2022 Faraday Investment Readiness Programme. The company said the Faraday programme will invest up to £330mln in research and innovation projects focused on batteries in the UK with the aim of driving growth and forming strong battery businesses in the UK.

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