Faraday Future Announces Pinnacle Real Estate Group President Calvin Gong as the Next user of an FF 91 2.0, with the Official Delivery Scheduled for October 8
Rhea-AI Summary
Faraday Future (NASDAQ: FFAI) announced the upcoming delivery of its FF 91 2.0 Futurist Alliance vehicle to Calvin Gong, President of Pinnacle Real Estate Group, scheduled for October 8, 2025.
The company has also secured a significant agreement with Pinnacle Real Estate Group, including a non-refundable deposit and non-binding reservations for 1,000 units of their new FX Super One EAI-MPV. This partnership introduces a novel B2B2C business model connecting the AIEV and real estate sectors.
Pinnacle Real Estate Group, a major Chinese-American real estate brokerage in Southern California, operates three branches with over 1,000 real estate agents and is listed on RealTrends® US Top Office.
Positive
- Secured non-binding reservations for 1,000 units of FX Super One
- Partnership with major real estate group creates new B2B2C distribution channel
- Non-refundable deposit received for FX Super One orders
- Strategic alliance with company employing over 1,000 real estate agents
Negative
- FX Super One reservations are non-binding, indicating potential order uncertainty
News Market Reaction
On the day this news was published, FFAI declined 8.48%, reflecting a notable negative market reaction. Argus tracked a trough of -10.7% from its starting point during tracking. Our momentum scanner triggered 17 alerts that day, indicating notable trading interest and price volatility. This price movement removed approximately $21M from the company's valuation, bringing the market cap to $226M at that time.
Data tracked by StockTitan Argus on the day of publication.
In June, Faraday Future also signed a deposit agreement with Pinnacle Real Estate Group for the FX Super One, a first class EAI-MPV.
LOS ANGELES, Sept. 25, 2025 (GLOBE NEWSWIRE) -- Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) (“Faraday Future”, “FF” or “Company”), a California-based global shared intelligent electric mobility ecosystem company, announced today that it will deliver the Company’s next FF 91 2.0 Futurist Alliance vehicle on October 8, 2025, to Calvin Gong, President of Pinnacle Real Estate Group, one of the largest Chinese-American real estate brokerages in Southern California. Moving forward, Gong and Pinnacle Real Estate Group will be paid Co-Creators with FF.
In June, Faraday Future also signed a deposit agreement with Pinnacle Real Estate Group for the FX Super One, the Company’s new first class EAI-MPV. This agreement includes a non-refundable deposit and non-binding reservations for 1,000 units of the FX Super One.
This collaboration marks a first-of-its-kind global innovation: a “B2B2C” business model that brings together the AIEV and real estate sectors in a shared ecosystem. The initiative leverages Pinnacle’s expansive real estate footprint to unlock powerful synergies between smart mobility and lifestyle, enabling an asset-light, co-creative, and highly scalable user acquisition platform.
“This delivery to a respected entrepreneur and industry leader like Calvin Gong validates the vision and values behind the FF 91 2.0,” said YT Jia, founder and Global Co-CEO of Faraday Future. “Our collaboration with Pinnacle and the FX Super One shows how the B2B2C model can become a game-changing user acquisition engine, especially as we prepare to bring the FX Super One to the marketplace.”
Headquartered in Southern California, Pinnacle Real Estate Group operates three branches and employs over 1000 real estate agents. Its business spans a broad range of services — from residential and luxury home sales to commercial real estate investment, financing, and property management — making it one of the most productive companies listed on the RealTrends® US Top Office.
“We’re proud to lead the way with Faraday Future in this cross-industry collaboration,” said Gong. “This partnership represents a powerful new approach to how people experience both real estate and mobility.”
About Faraday Future
Faraday Future is a California-based global shared intelligent electric mobility ecosystem company. Founded in 2014, the Company’s mission is to disrupt the automotive industry by creating a user-centric, technology-first, and smart driving experience. Faraday Future’s flagship model, the FF 91, exemplifies its vision for luxury, innovation, and performance. The FX strategy aims to introduce mass production models equipped with state-of-the-art luxury technology similar to the FF 91, targeting a broader market with middle-to-low price range offerings. FF is committed to redefining mobility through AI innovation. Join us in shaping the future of intelligent transportation. For more information, please visit https://www.ff.com/us/.
CONTACTS:
Investors (English): ir@faradayfuture.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/bf23321f-5ebd-4fc5-a0d2-fd2e4852e71e
FAQ
When will Faraday Future (FFAI) deliver its next FF 91 2.0 Futurist Alliance vehicle?
How many FX Super One vehicles did Pinnacle Real Estate Group reserve from FFAI?
What is the significance of Faraday Future's partnership with Pinnacle Real Estate Group?
How large is Pinnacle Real Estate Group's operation?
What new vehicle model is Faraday Future introducing through this partnership?
