Buckle up for a game-changing week in the electric mobility world – Faraday Future is stepping on the gas with bold moves that could redefine how we buy and own supercars!
Faraday Future's Founder and Co-CEO, YT Jia, has just dropped his weekly investor update, packed with exciting developments that promise to accelerate the company's ambitious plans. But here's where it gets intriguing: Are these advancements enough to silence the skeptics who've watched the company's turbulent journey? Let's dive in and unpack it all, step by step, to see what this means for the future of smart electric vehicles.
First off, the big event on the horizon: The UAE unveiling of the FX Super One is scheduled for October 28 at the luxurious Armani Hotel in Burj Khalifa, Dubai. This isn't just any launch – it's a global showcase that could mark a turning point for Faraday Future in the Middle East market.
LOS ANGELES, Oct. 26, 2025 (GLOBE NEWSWIRE) -- Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI), affectionately known as “Faraday Future,” “FF,” or simply the “Company,” is a California-rooted international firm dedicated to building a collaborative ecosystem for intelligent electric mobility. Today, they're sharing an insider's look at their weekly business progress straight from YT Jia, the visionary Founder and Global Co-CEO of FF.
“Hello and welcome to the 26th edition of our Weekly Report. To kick things off, let's review the major strides we've made in our EAI Flywheel.
Focusing on the S1 User Ecosystem:
We've officially founded Faraday Finance Inc., and it's already submitted its application for an auto finance license to California's Department of Financial Protection and Innovation (DFPI). This new entity is geared toward spurring new vehicle purchases by providing tailored financing options for FF and FX customers – think vehicle loans and leasing deals that put flexibility and user needs front and center. By offering adaptable payment plans, Faraday Finance aims to make cars more accessible, boost buy-in rates, and fuel significant sales increases. This could be a pivotal move for ramping up deliveries of models like the FX Super One. For context, in the U.S., folks typically either finance their cars through loans or opt for leasing. Our finance arm will broaden those choices, potentially drawing in new customers to FF and FX at a quicker pace.
Beyond that, this company will help streamline the management of financial resources and cash flow. It sets the stage for a comprehensive, user-focused finance network that accompanies owners every step of their journey with our vehicles.
Just last weekend, we made waves at ComplexCon, a premier global gathering for pop culture and streetwear held at the Las Vegas Convention Center. With top brands and over 50,000 enthusiastic attendees, our FF 91 2.0 and FX Super One stole the spotlight, capturing plenty of buzz and interest.
Now, shifting to S2-S4, which covers Product & Technology, Supply Chain, Production, and Delivery:
As I touched on before, we've sealed the deal on the initial round of full-set parts procurement for the FX Super One. This week, our key leaders headed to the Hanford factory to inspect preparations for the first vehicle coming off the line. The entire organization is in high gear, racing toward our year-end goal of delivering that first FX Super One. This milestone represents a leap for the FX lineup – from research and design through prototyping, testing, and paving the way for full-scale manufacturing, pending the right partnerships, investments, and approvals.
The whole company, particularly our factory crew, is rallying hard to hit this target, which isn't just crucial for the FX brand – it's a make-or-break moment for Faraday Future as a whole.
And this is the part most people miss: With production milestones like this, we're not just building cars; we're challenging the status quo of traditional auto manufacturing. But here's where it gets controversial – can a company with a history of delays truly deliver on these promises without stumbling again?
Moving on to S5, Capital Markets and Finance:
The standout news this week? BlackRock, a titan in global asset management, has upped its stake in FFAI yet again. Per their most recent 13G filing with the SEC, as of September 30, 2025, BlackRock holds approximately 6.8 million shares of FFAI common stock, jumping from 5.38 million at the quarter's close – that's a solid rise of about 1.41 million shares, or 26%. This kind of backing from a heavyweight like BlackRock speaks volumes about growing confidence in our trajectory. For beginners, think of it as a major investor betting big on our electric revolution, potentially stabilizing our finances and attracting more capital.
Let's pivot to S6, our progress in the Middle East:
We're mere days from the FX Super One's Grand Launch in Dubai, happening on October 28 at the Armani Hotel, Burj Khalifa. Join us for the live stream to celebrate this historic event together.
I'm over the moon to announce that we've partnered with one of the greatest sports icons ever – a bona fide GOAT – who will serve as the first global owner and Co-Creation Officer for the FX Super One. This thrilling collaboration will be revealed officially during the Middle East Final Launch next week. Imagine the buzz this could create – a legendary athlete endorsing a cutting-edge electric supercar! It might just bridge the gap between sports fandom and high-tech mobility, but is this partnership hype over substance? What do you think – could a celebrity endorsement really drive sales in the competitive EV market?
On the Crypto Flywheel front:
We've seen strong momentum here too. QLGN has forged a strategic alliance with BitGo and initiated its first round of C10 Treasury allocations. The very next day, daily trading volumes skyrocketed to almost $300 million, highlighting the excitement in our crypto integrations. For those new to this, it's like adding a digital currency layer to our ecosystem, potentially offering users innovative ways to interact with our brand – from payments to investments.
Looking ahead to next week's agenda:
Right after the FX Super One Middle East Final Launch, we'll update you on our Middle East operations, the status of our first vehicle off-line, and the specifics of our alliance with our inaugural global GOAT owner. We're entering a critical growth phase for the company – and we're optimistic about fulfilling our promises to shareholders, investors, partners, and users.
Catch you next time.”
ABOUT FARADAY FUTURE
Faraday Future stands as a California-based worldwide enterprise focused on fostering a shared ecosystem for intelligent electric mobility. Established in 2014, our mission revolves around shaking up the auto sector by prioritizing user experience, technology, and smart driving. Our flagship, the FF 91, embodies luxury, cutting-edge innovation, and top-tier performance. The FX initiative brings high-end tech from the FF 91 to more affordable models in the mid-to-low price bracket, aiming for wider market appeal. We're all about transforming transportation with AI breakthroughs. Come along as we innovate the future of smart mobility. For more details, check out https://www.ff.com/us/.
FORWARD LOOKING STATEMENTS
This press release contains “forward-looking statements” as defined by the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Words like “plan to,” “can,” “will,” “should,” “future,” “potential,” and similar phrases (including their negatives) signal these forward-looking statements. They cover topics such as the FX Super One's UAE launch, engineering, production, delivery, and sales; localization efforts; Q3 reporting schedules; and a business incubation framework. These statements involve known and unknown risks, uncertainties, assumptions, and other factors beyond our control, which could lead to actual results differing substantially from what's projected.
Key factors that might impact outcomes include: Our capacity to form agreements with OEMs for FX vehicle sales in the Middle East; OEMs' and suppliers' timely delivery of products and parts to the UAE; Potential rescheduling of the UAE Super One launch due to uncontrollable events; Homologation of FX vehicles for Middle East markets; Securing substantial funding for the FX strategy; Obtaining an occupancy certificate for our Hanford facility; Implementing an effective business incubation system; Timely completion of public reporting by the Company and QLGN; Maintaining going-concern status and strengthening liquidity and finances; Meeting outstanding obligations; Addressing material weaknesses in financial reporting controls and restating prior statements; Overcoming barriers from limited operating history; Sustaining losses despite expectations; Effectiveness of payroll reduction plans; Timely development and marketing of vehicles; Accurate market size estimates and costs; Market adoption rates; Warranty coverage; Competition from other manufacturers; Vehicle performance and security; Ongoing litigation; Closing financings and satisfying conditions; Financing outcomes, with failure risking bankruptcy protection; Debt levels; Insurance sufficiency; Economic conditions affecting product demand; Impacts of a reverse stock split; Success of cost, headcount, and salary cuts; Uncontrollable events like disasters, climate shifts, epidemics, terrorism, or unrest; Operations in China; Responses to Special Committee findings; Supplier and manufacturer dependencies; Technology development and protection; Cybersecurity threats; Talent attraction and retention; Legal developments; and Stock price volatility. Please weigh these factors and review the “Risk Factors” in our Form 10-K filed with the SEC on March 31, 2025, along with other SEC filings.
But here's the controversial angle: In a landscape littered with EV startups that have fizzled out, how does Faraday Future convince investors it's different? Is this optimism justified, or are we seeing the same bold promises that have led to past disappointments? Share your take – do you believe in their comeback story, or is caution warranted? Drop your opinions in the comments!
CONTACTS:
Investor Relations (English): steven.park@ff.com
Investors (Chinese): cn-ir@faradayfuture.com
Media: john.schilling@ff.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d5ccb54b-087f-4c6c-832a-456b023dcd06
