- Business
- Faraday Future Intelligent Electric Inc. (FFAI) designs, develops, manufactures, engineers, distributes and sells electric vehicles and related products as a California-based shared intelligent mobility ecosystem company focused on AI-integrated ultra-luxury and mass-market segments. The company offers the FF 91 series, including the FF 91 2.0 Futurist Alliance tri-motor luxury crossover SUV with 1,050 horsepower, 142 kWh battery, 381-mile EPA range and advanced AI features powered by Nvidia DRIVE Orin and Qualcomm 8155p SoCs; the FX Super One EAI-MPV van model introduced in July 2025 as a rebadged Chinese vehicle targeting premium consumer and commercial markets; and planned FX 5 and FX 6 series vehicles under its Faraday X subsidiary brand, alongside variable platform architecture, propulsion systems, autonomous driving, intelligence systems and mobility ecosystem services encompassing software, internet connectivity, vehicle service, personalized AI algorithms and hardware. Faraday Future Intelligent Electric Inc., founded in 2014 and headquartered at 18455 South Figueroa Street in Gardena, California, operates production at its Hanford, California facility and pursues manufacturing and sales expansion in China through joint ventures and engineering capabilities; it markets vehicles in the United States and China while targeting global growth including the UAE. Recent developments include two funding rounds in late 2024 totaling $60 million followed by a $41 million commitment in March 2025 to support FX brand progress and first FX vehicle launch by end-2025; definitive agreements signed in November 2024 by subsidiary Faraday X with top original equipment manufacturers (OEMs) to initiate product research and high-volume production of two models by end-2025; a B2B2C partnership announced in September 2025 with Pinnacle Real Estate Group featuring a non-refundable deposit for 1,000 non-binding reservations of the FX Super One and delivery of an FF 91 2.0 on October 8, 2025; a co-investment agreement in October 2024 with Master Investment Group of the United Arab Emirates for operational and sales activities in 2025-2026; a ticker symbol change to FFAI for common stock and FFAIW for warrants in March 2025; and a strategic pivot to the Faraday X brand after delivering 16 FF 91 vehicles by January 2025.