Recently, Faraday Future (FF) has attracted media attention around the world for its announcement of B2B activities. B2B is a new addition to FF’s existing business scope, so it is a misinterpretation for external parties to believe FF has given up making vehicles and instead transitioning solely to a platform service provider. The production of FF 91 is still proceeding as planned. Details regarding the newly announced B2B business and current FF 91 production are as follows:
1. With I.A.I (Internet, autonomous driving and AI) as its core driver, FF has developed the new species FF 91, an ultra-luxury smart connected vehicle. This industry-leading product is an embodiment of FF’s leading position in both core automotive product and internet-driven technology. FF 91 is continuing to be readied for production.
2. Our Smart driving platform and the third Internet living space are the two major FF proprietary technology systems. VPA (variable platform architecture) on the smart driving platform, along with the powertrain which includes class-leading range, acceleration, horsepower and battery capacity have always been pillars of the FF brand. The I.A.I technology platform that powers the third Internet living space is comprised of a smart platform, smart hardware, smart software and smart application, with the capability to continuously upgrade as needed. The I.A.I system that incorporates the capability to create a user-facing shared smart mobility ecosystem is the core element for next-generation auto industry transformation.
3. B2B is an important part of FF’s innovative business model. The perfect integration of B2B with B2C enables the formation of an “open loop” to achieve the company's vision to create a shared intelligent mobility ecosystem. FF intends to provide a comprehensive I.A.I solution for its partners and work with them to help push forward the transformation and advancement of the auto industry. FF also provides various solutions for electric vehicle R&D, a super computing platform, complete vehicle engineering, industrial design, product customization and manufacturing resources.
4. FF has already a formed strategic partnership with US Hybrid and provided its e-drivetrain for US Hybrid’s commercial vehicles. This demonstrates the capabilities and leading position of FF’s smart driving platform. FF is currently in talks with multiple potential partners on B2B opportunities.
5. The preparation for FF 91 production and production at scale is proceeding as planned. There are ongoing negotiations regarding FF 91 landing in China with positive progress being made.
6. In addition, YT Jia, FF’s founder and CPUO will hold an online creditor meeting on April 14 (Beijing time). If the majority of creditors vote to accept the Plan as expected and the restructuring case is successfully completed, it will boost FF’s financing efforts and FF 91 production.
Faraday Future
Friday, April 10, 2020