Written by Cláudio Afonso | LinkedIn | X
Faraday Future CEO Matthias Aydt wrote on LinkedIn this Saturday that he visited the United Arab Emirates this week to discuss the company’s progress in the region.
After a four-month hiatus, the electric vehicle startup resumed deliveries on Thursday, handing over the FF91 2.0 to a retail shareholder.
“Nice to see things progressing even I spent my time in UAE to discuss progress there!” Aydt commented in his post.
In November last year, Faraday Future announced its entry into the Middle East market by signing strategic cooperation agreements with Master Investment Group and Siraj Holding LLC, and launching the FF brand in the region.
The company has ambitious plans for the Middle East, including the launch of a limited-edition model, the FF 91 2.0 Futurist aiFalcon, which is specifically tailored for this market. Delivery of this model is targeted for 2024.
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After a four-month hiatus, Faraday Future resumed deliveries on Thursday, handing over the FF91 2.0 to a retail shareholder.
In a statement posted on the official app, founder YT Jia hinted at the creation of a new subbrand aimed at the mass market segment, signaling the company’s broader ambitions in the automotive industry.
The company has recently disclosed it had “preliminary discussions with several global OEMs and suppliers” on how the company can “help build a bridge between US and Chinese automotive industries through industrial coordination and collaboration”.
Earlier this week, the company revealed that Li Han, a member of the Board of Directors, resigned after spending 15 months there. Han, who also served on the Nominating and Corporate Governance Committee, cited personal reasons for her departure.
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The founder and Chief Product & User Ecosystem Officer, YT Jia, together with CEO Matthias Aydt, posted a new video last Friday updating investors on the latest developments as the stock faces tremendous volatility in recent weeks.
“The upcoming delivery of the FF 91 to our new retail investor marks the restart of the second phase of FF 91 deliveries (SOD2),” YT Jia wrote on X. Here’s the full video below:
On Thursday, the founder had revealed that the company had delivered no cars in the last four months enhancing that the upcoming delivery event to a retail shareholder was now possible due to new funding.
“After about four months, Faraday Future has finally secured some funding to complete the procurement, production, and testing of the parts for the twelfth car, which is about to be delivered to the next user. We thank our investors who have supported us during this period, allowing us to produce this car.
In the video, Faraday Future‘s Founder and Chief Product & User Ecosystem Officer, YT Jia, shared on Thursday that the company has completed the prodution of the 12th FF91 2.0 vehicle.
“FF completes production and testing of 12th FF 91 2.0, set to deliver to first retail investor user. As a heartfelt thank you to him and other retail investors like him, I’ve specially recorded two videos to introduce him to his new car,” Jia wrote on Thursday.
Faraday’s founder has recently released a video criticizing what he described as “biased interpretations” from certain media outlets and “attacks by malicious short-selling institutions” affecting the company’s market performance.
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Written by Cláudio Afonso | LinkedIn | X
