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Faraday Future Introduces Robust FF 91 Manufacturing Updates For Its Hanford, Calif. Plant, Successfully Achieves Important First Milestone


HANFORD, Calif .– (COMMERCIAL THREAD) – Faraday Future Intelligent Electric Inc. (“FF”) (NASDAQ: FFIE), a California-based global shared intelligent electric mobility ecosystem company, today unveiled the upcoming steps in its manufacturing process for the ultimate luxury smart FF 91 EV technology. FF shared the timeline with local Hanford officials as part of an executive review of the FF factory. With the progress made by Hanford’s manufacturing and operations teams, along with the support of FF suppliers, FF remains on track to launch the FF 91 in July 2022.

“Our Hanford manufacturing facility has made significant progress in recent months. Today we announced how far we’ve come in a short period of time and announced the aggressive scale-up to completely complete our production facility in the coming months, ”said Matt Tall, FF’s vice president of manufacturing. “I am personally involved in the day-to-day operations and construction here in Hanford to ensure we complete all of our construction milestones to deliver the FF 91 to market next summer as promised, on time and with top quality. . ”

A link to more details on Matt Tall’s FF manufacturing updates can be found here: https://ev.ff.com/3FQS3Go

The production targets of the FF 91 are modest, focused on a smaller volume and specific clientele, ensuring a smooth deployment of the FF 91 and future vehicles.

Since its IPO in July, FF has started construction at the Hanford plant and completed the pilot line systems to support FF pre-production builds. Key production steps at the Hanford plant include:

  • Milestone # 1: Full installation of pilot equipment in the FF pre-production build area.

  • Step 2: Complete the work to obtain a certificate of occupancy, paving the way for pre-production FF versions.

  • Step 3: Begin construction of the foundations for all remaining production areas including bodywork, propulsion, warehouse and vehicle assembly.

  • Step 4: Pre-production builds for final technical validation and vehicle certification.

  • Milestone # 5: Start all major mechanical, electrical and plumbing (MEP) systems to support equipment installation.

  • Milestone # 6: Complete construction and installation of equipment in final vehicle manufacturing areas.

  • Final milestone: Start of production (SOP) – summer 2022.

In addition to the manufacturing updates described above, FF has also made progress in the FF 91 program, including:

  • Finalize the stamping dies

  • Body assembly automation

  • Paint shop automation

  • Battery pack manufacturing strategy

  • UPS Manufacturing Systems

  • Vehicle assembly systems

FF creates a state-of-the-art facility that uses state-of-the-art automated production processes and highly skilled craftsmanship to compete with the world’s best luxury car manufacturers. To meet the expectations of the FF 91’s leading user segment, the FF 91’s manufacturing strategy requires superior craftsmanship, cutting-edge technology and the ability to customize the vehicle to meet the demands of style and functionality. of each user. This is one of the many differentiators of FF from traditional OEM mass production.

“The resources to complete our Hanford manufacturing facility are available, with construction and installation of equipment planned with milestones set to meet our production target,” said the CEO of FF Global, Dr Carsten Breitfeld. “We continue to innovate in our production process and we are confident that we will deliver the FF 91 Futurist on time next year, with high quality and strong product capacity. ”

Faraday Future’s recent listing on the NASDAQ (ticker: FFIE) has not only raised capital to produce FF’s flagship vehicle, the FF 91, but has also supported cutting-edge product improvements. The FF team will continue to focus on innovation, delivering a unique experience with the FF 91, as well as the next vehicle in the FF range, the FF 81.

The FF 91 Futurist Alliance Edition and FF 91 Futurist models represent the next generation of luxury intelligent electric vehicles. They are high-performance electric vehicles, all-in-one cars, and the ultimate robotic vehicles that allow users to experience a third internet living space beyond their home and office. Templates encompass extreme technology, ultimate user experience, and complete ecosystem. Users can reserve a FF 91 Futurist model now through the FF smart app or FF.com at: https://www.ff.com/us/reserve

Download the new FF smart app at: https://apps.apple.com/us/app/id1454187098 or https://play.google.com/store/apps/details?id=com.faradayfuture.online

ABOUT FARADAY FUTURE

Founded in May 2014, FF is a global shared intelligent mobility ecosystem company, headquartered in Los Angeles, California. Since its inception, FF has implemented many innovations regarding its products, technology, business model, profit model, user ecosystem and governance structure. On July 22, 2021, FF was listed on the NASDAQ under the new company name “Faraday Future Intelligent Electric Inc.”, and the ticker symbols “FFIE” for its Class A common stock and “FFIEW” for its warrants. FF aims to continuously improve the way people move by creating a forward-thinking mobility ecosystem that integrates clean energy, AI, the internet and new usage models. With the ultimate smart techluxury brand positioning, FF FF 91 Futurist’s first flagship is equipped with unbeatable product power. It is not only a high performance electric vehicle, multi-purpose car and ultimate robotic vehicle, but also the third internet living space.

FOLLOW FARADAY’S FUTURE:

https://www.ff.com/

http://appdownload.ff.com

https://twitter.com/FaradayFuture

https://www.facebook.com/faradayfuture/

https://www.instagram.com/faradayfuture/

www.linkedin.com/company/faradayfuture

NO OFFER OR SOLICITATION

This communication does not constitute an offer to sell or the solicitation of an offer to buy securities, and there will be no sale of securities in any jurisdiction in which the offering, solicitation or sale would be illegal before. registration or qualification under the securities laws of such jurisdiction.

FORWARD-LOOKING STATEMENTS

This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates”, ” “Anticipates”, “foresees”, “foresees”, “intends”, “believes”, “seeks”, “may”, “will”, “should”, “in the future”, “proposes” and variations of such or similar words (or negative versions of such words or phrases) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of FF, which could cause actual results or results to differ materially from those discussed in the forward-looking statements. Significant factors, among others, that may affect actual results include FF’s ability to execute its development and marketing plans for its vehicles and the timing of such development programs; FF’s estimates of the size of the markets for its vehicles and the costs to bring its vehicles to market; the rate and degree of market acceptance of FF vehicles; the success of other competing manufacturers; the performance and safety of FF vehicles; potential litigation involving FF; the result of future funding efforts and general economic and market conditions affecting the demand for FF’s products. The foregoing list of factors is not exhaustive. You should carefully consider the above factors and other risks and uncertainties described in the “Risk Factors” section of the preliminary registration statement on the recently filed S-1 form by FF and other documents filed by FF from from time to time with the SEC. These documents identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in forward-looking statements. Forward-looking statements speak only as of the date on which they are made. Readers are cautioned not to place undue reliance on forward-looking statements, and FF assumes no obligation to update or revise forward-looking statements, whether as a result of new information, future events or otherwise, except if the law requires it.



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