Faraday Future Founder and Co-CEO YT Jia Shares Weekly Investor Update
Faraday Future (NASDAQ: FFAI) Founder and Co-CEO YT Jia provided the company's 17th weekly business update, highlighting progress in their "Dual Flywheel & Dual Bridge" strategy. The company announced the completion of FX Super One's first round of FMVSS safety testing and reported 60% completion of trial production planning at their Hanford facility.
Key financial developments include securing a $30 million financing commitment for C10 Treasury, with 80% allocated passively to the C10 Index and 20% for active management. The company plans to launch the FX Super One co-creation and sales campaign across eight U.S. states, with upcoming events at Burning Man and in Massachusetts.
The company aims to leverage its C10 Treasury as a financial engine to support its main EAI EV business through crypto portfolio management.Faraday Future (NASDAQ: FFAI) Il fondatore e co-CEO YT Jia ha fornito il 17° aggiornamento settimanale sull'attività dell'azienda, mettendo in luce i progressi nella strategia "Dual Flywheel & Dual Bridge". La società ha annunciato il completamento del primo ciclo di test di sicurezza FMVSS per FX Super One e ha riportato il 60% di avanzamento nella pianificazione della produzione pilota presso lo stabilimento di Hanford.
I principali sviluppi finanziari includono l'ottenimento di un impegno di finanziamento di 30 milioni di dollari per il C10 Treasury, con l'80% allocato in modo passivo sull'indice C10 e il 20% destinato alla gestione attiva. L'azienda prevede di lanciare la campagna di co-creazione e vendita dell'FX Super One in otto stati degli USA, con eventi previsti al Burning Man e in Massachusetts.
La società intende sfruttare il C10 Treasury come motore finanziario per sostenere la sua attività principale EAI nel settore EV tramite la gestione di un portafoglio crypto.
Faraday Future (NASDAQ: FFAI) El fundador y co-CEO YT Jia ofreció la 17.ª actualización semanal del negocio, destacando los avances en su estrategia "Dual Flywheel & Dual Bridge". La compañía anunció la finalización de la primera ronda de pruebas de seguridad FMVSS del FX Super One y comunicó el 60% de avance en la planificación de la producción de prueba en su planta de Hanford.
Entre los desarrollos financieros clave figura el aseguramiento de un compromiso de financiación de 30 millones de dólares para el C10 Treasury, con el 80% asignado de forma pasiva al índice C10 y el 20% para gestión activa. La empresa planea lanzar la campaña de co-creación y ventas del FX Super One en ocho estados de EE. UU., con eventos próximos en Burning Man y en Massachusetts.
La compañía pretende aprovechar el C10 Treasury como motor financiero para respaldar su negocio principal EAI de vehículos eléctricos mediante la gestión de una cartera cripto.
Faraday Future (NASDAQ: FFAI) 창업자 겸 공동 CEO YT Jia가 17번째 주간 사업 업데이트를 발표하며 "Dual Flywheel & Dual Bridge" 전략의 진척을 강조했습니다. 회사는 FX Super One의 첫 FMVSS 안전성 테스트 라운드 완료를 발표했고, 한포드(Hanford) 공장의 시범 생산 계획 60% 완료를 보고했습니다.
주요 재무 소식으로는 C10 Treasury에 대한 3,000만 달러 자금 조달 약정 확보가 있으며, 그중 80%는 C10 지수에 수동적으로 배분되고 20%는 액티브 운용에 배정됩니다. 회사는 FX Super One 공동창작 및 판매 캠페인을 미국 8개 주에서 시작할 계획이며, Burning Man과 매사추세츠에서 행사를 예정하고 있습니다.
회사는 C10 Treasury를 재무 엔진으로 활용해 암호화폐 포트폴리오 관리를 통해 주력 EAI 전기차 사업을 지원할 계획입니다.
Faraday Future (NASDAQ: FFAI) Le fondateur et co‑CEO YT Jia a présenté la 17e mise à jour hebdomadaire de l'activité, soulignant les progrès de la stratégie « Dual Flywheel & Dual Bridge ». La société a annoncé l'achèvement du premier cycle de tests de sécurité FMVSS du FX Super One et a indiqué un achèvement à 60 % de la planification de la production d'essai sur son site de Hanford.
Parmi les développements financiers clés figure la sécurisation d'un engagement de financement de 30 millions de dollars pour le C10 Treasury, dont 80 % alloués passivement à l'indice C10 et 20 % à la gestion active. L'entreprise prévoit de lancer la campagne de co‑création et de vente du FX Super One dans huit États américains, avec des événements à venir au Burning Man et au Massachusetts.
La société vise à utiliser le C10 Treasury comme moteur financier pour soutenir son activité principale EAI dans les véhicules électriques via la gestion d'un portefeuille crypto.
Faraday Future (NASDAQ: FFAI) Gründer und Co-CEO YT Jia gab das 17. wöchentliche Geschäft-Update und hob Fortschritte in der "Dual Flywheel & Dual Bridge"-Strategie hervor. Das Unternehmen kündigte den Abschluss der ersten FMVSS-Sicherheitstestreihe für den FX Super One an und meldete 60% Fertigstellung der Planung der Testproduktion in der Hanford-Anlage.
Wesentliche finanzielle Entwicklungen sind die Sicherung einer Finanzierungszusage über 30 Millionen US-Dollar für das C10 Treasury, wobei 80% passiv im C10-Index und 20% aktiv verwaltet werden sollen. Das Unternehmen plant den Start der Co-Creation- und Verkaufskampagne für den FX Super One in acht US-Bundesstaaten, mit bevorstehenden Veranstaltungen beim Burning Man und in Massachusetts.
Das Unternehmen beabsichtigt, das C10 Treasury als finanziellen Motor zu nutzen, um sein Kern‑EAI‑EV‑Geschäft durch Krypto-Portfolio‑Management zu unterstützen.
- Secured $30 million financing commitment for C10 Treasury initiative
- Completed first round of FMVSS safety testing for FX Super One
- Achieved 60% completion of trial production process planning at Hanford facility
- Expanding sales campaign across eight U.S. states
- Company not yet achieving positive operating cash flow
- Heavy reliance on crypto investments for capital support raises risk profile
- Long development cycle and high investment requirements strain resources
Insights
Faraday Future secures $30M financing for crypto treasury while progressing FX Super One vehicle development amid continued financial challenges.
Faraday Future's weekly update reveals a company still struggling with fundamental automotive industry challenges while pursuing an unconventional dual strategy. The completion of first-round FMVSS safety testing for the FX Super One represents a basic regulatory milestone rather than a significant achievement. With only 60% of trial production process planning completed, the company appears to be in early manufacturing stages, raising questions about timeline feasibility.
More revealing is the explicit acknowledgment of the company's core challenge: securing stable capital before achieving positive operating cash flow. The $30 million financing recently secured represents minimal capital in automotive manufacturing terms, where development and production typically require billions. The company's unusual focus on a cryptocurrency treasury ("C10 Treasury") as a potential financial engine signals desperate attempts to find alternative funding sources.
The planned marketing activities across eight states and appearance at Burning Man represent standard promotional efforts rather than meaningful business developments. The emphasis on "co-creation" suggests the company may be seeking customer input to finalize vehicle specifications, potentially indicating incomplete product development. Overall, this update demonstrates continuing capital constraints while highlighting minimal tangible progress in bringing vehicles to market at scale.
- The FX Super One co-creation and sales campaign will officially kick off across eight U.S. states this week. Over the next weekend, FX will make a short trip to the Nevada desert, bringing FX Super One to Burning Man, where the Company will plan to announce an important update while there.
LOS ANGELES, Aug. 24, 2025 (GLOBE NEWSWIRE) -- Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) (“Faraday Future”, “FF” or the “Company”), a California-based global shared intelligent electric mobility ecosystem company, today shared a weekly business update from YT Jia, Founder and Global Co-CEO of FF.
“This is our 17th weekly update. Many of you have asked whether our “Dual Flywheel & Dual Bridge” eco-strategy could lead to distraction or drift. In fact, it is the opposite. This is not about losing focus, but about strengthening our foundation. Automaking is a long-cycle, high-investment, and slow-return industry. One of the core challenges FF is facing is that: before hitting positive operating cash flow, how do promote long-term and stable capital supply. Our C10 Treasury is designed for this. By accumulating and compounding the world’s Top 10 crypto coin portfolio, it has the potential to provide continuous and sustained capital support for our main business — EAI EV, truly delivering dual-engine growth from both capital and industry.”
On Friday last week, Federal Reserve Chair Jerome Powell signaled that a rate cut may come as early as September. His remarks gave a major boost to capital markets. U.S. equities moved higher, while crypto reacted faster and stronger. The market priced in liquidity easing more directly, creating a clear upside for our C10 Treasury, as the C10 Index was up nearly
This week, both flywheels achieved important progress:
On S1 User Ecosystem: The influence of our “Dual Flywheel + Dual Bridge” unveiling event continues to grow in the U.S. It has sparked meta-chemistry. Cross-sector outreach in automotive, finance, and Web3 created a multi-domain resonance. As a result, FF and FX received cross-industry attention that far exceeded expectations. We will double our efforts to quickly elevate FF and FX’s influence in the U.S. market to another level.
Looking at S2–S3: Product & Technology:
This week, FX Super One successfully completed the first round of development tests for occupant upper interior impact protection under U.S. Federal Motor Vehicle Safety Standards (FMVSS). FMVSS is recognized as one of the world’s most complete and rigorous automotive safety regulations. It is a prerequisite for entering the U.S. market and also sets standards for automotive design, manufacturing, and testing worldwide. FX Super One must meet the requirements of the U.S., the Middle East, and future global markets. This requires testing at the highest standards. We will continue advancing vehicle testing, development, and validation to build a strong foundation for Super One’s high safety standards.
Moving on to S4, Product Execution & Delivery:
This week, we visited the Hanford manufacturing facility to oversee FX Super One’s trial production. Thanks to the hard work of our manufacturing team, around
Lastly, on S5 Capital Markets and finance:
The first dedicated
C10 Treasury, as a short-cycle, fast-paced, high-value, and cash-cow investment due to steady staking interests, could serve as the financial engine of the entire listed company FFAI, and help accelerate the implementation and execution of the EAI EV strategy.
Next week:
Our Super One co-creation and sales campaign will officially kick off across eight U.S. states. Over the next weekend, I will make a short trip to the Nevada desert, bringing FX Super One to Burning Man. We also plan to announce an important update there. Burning Man has become a global utopia where leading minds in technology, art, and business pursue creativity and idealism. Elon Musk and Mark Zuckerberg are regulars there, and Google’s founders once recruited Eric Schmidt at Burning Man. Schmidt went on to lead Google for a decade, driving its rapid expansion and cementing Google’s dominance in the Web2 era.
Starting August 28, Super One will also make its debut in Massachusetts, where we and our FF Par partners will host two consecutive co-creation and sales events in the Boston area. At the same time, our New York–based B2B partner Alps will launch a week-long roadshow campaign.
On August 30, FF headquarters will host a special event — the inaugural North America “Go-Global Stand-Up Comedy Festival” and FX Super One Showcase. Joe Wong, the first Chinese stand-up comedian to have roasted a U.S. president live at the White House, will join entrepreneurs, founders, and global expansion pioneers for co-creation and exchange. We will see you next week!”
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/
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 “plan to,” “can,” “will,” “should,” “future,” “potential,” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements, which include statements regarding investments in crypto currency, the Dual-flywheel, Dual-bridge Eco Strategy, 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 outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements.
Important factors, among others, that may affect actual results or outcomes include, among others: possible legal challenges to the executive order allowing for 401(k) investments in crypto currencies; the Company’s ability to successfully execute on a new Crypto-based strategy; the Company’s ability to raise funds to support a new Crypto-based strategy; the inherent volatility and regulatory uncertainty associated with cryptocurrency investments; the Company’s ability to continue as a going concern and improve its liquidity and financial position; the Company’s ability to pay its outstanding obligations; the Company's ability to remediate its material weaknesses in internal control over financial reporting and the risks related to the restatement of previously issued consolidated financial statements; the Company’s limited operating history and the significant barriers to growth it faces; the Company’s history of losses and expectation of continued losses; the success of the Company’s payroll expense reduction plan; the Company’s ability to execute on its plans to develop and market its vehicles and the timing of these development programs; the Company’s estimates of the size of the markets for its vehicles and cost to bring those vehicles to market; the rate and degree of market acceptance of the Company’s vehicles; the Company’s ability to cover future warranty claims; the success of other competing manufacturers; the performance and security of the Company’s vehicles; current and potential litigation involving the Company; the Company’s ability to receive funds from, satisfy the conditions precedent of and close on the various financings described elsewhere by the Company; the result of future financing efforts, the failure of any of which could result in the Company seeking protection under the Bankruptcy Code; the Company’s indebtedness; the Company’s ability to cover future warranty claims; the Company’s ability to use its “at-the-market” program; insurance coverage; general economic and market conditions impacting demand for the Company’s products; potential negative impacts of a reverse stock split; potential cost, headcount and salary reduction actions may not be sufficient or may not achieve their expected results; circumstances outside of the Company's control, such as natural disasters, climate change, health epidemics and pandemics, terrorist attacks, and civil unrest; risks related to the Company's operations in China; the success of the Company's remedial measures taken in response to the Special Committee findings; the Company’s dependence on its suppliers and contract manufacturer; the Company's ability to develop and protect its technologies; the Company's ability to protect against cybersecurity risks; and the ability of the Company to attract and retain employees, any adverse developments in existing legal proceedings or the initiation of new legal proceedings, and volatility of the Company’s stock price. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the Company’s Form 10-K filed with the SEC on March 31, 2025, and other documents filed by the Company from time to time with the SEC.
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/9e01473b-e707-4753-84ab-33321890efbb
FAQ
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