Faraday Future Intelligent Electric Inc. (FFAI) Earnings Call Transcript & Summary

Ladies and gentlemen, and welcome to the FX Super One Middle East launch event held right here at the heart of Dubai at the world's first Armani Hotel in the one and only Burj Khalifa. Now ladies and gentlemen, we are truly honored to celebrate this milestone moment with you all. And now let us take a moment to welcome our distinguished guests including Mr. Nadhal, representing the Office of His Highness Sheikh Hashar Al Maktoum Mohamed, also Sheikh Rashid bin Nasser Al Nuaimi, member of the Ajman Royal Family; representatives of the Qatari Government, Mr. Majdi, Mr. Ehab and Mr. Mohammad; FF Investors and MIG Investment Group CEO, Sheikh Abdullah as well as Omar Abdullah Al Nuaimi from RAK Motors; and Mr. Hebron Sher, CEO of ZEVO Inc. (USA), representing FF and FX partners. FF executives, including Global co-CEO, Mr. Matthias Aydt; also the CEO of the FX brand Mr. Max Ma; and the Head of FF Middle East, Mr. Tin Mok; and the Head of UES and Government Affairs for FF Middle East, Mr. Morris Gao. And now ladies and gentlemen, before we begin, please take a moment to note the forward-looking statement shown on the screen for more information on factors that may influence our business and financial results. We invite you to visit the Investor Relations section for -- on ff.com or review our filings with the SEC. And now ladies and gentlemen, we are truly honored to welcome to the stage, the global Co-CEO of Faraday Future. Please help me with a warm round of applause and welcome Mr. Matthias Aydt.

Gentlemen, I'm Matthias Aydt. It's a great honor and an immense pleasure to be here again in the UAE, a place that truly embodies progress, innovation, ambition and working together toward a brighter future. 2 years ago, we committed to come to the UAE, open an operation here and contribute to the country. Our operation is still small, but performing and we are here to share a big achievement. Today, with the launch of the FX Super One, we are opening a new chapter in our global journey right here with all of you. To begin, please join me in watching our founder and Global Co-CEO, Mr. YT Jia, who will share his vision in this special video message. [Presentation]

So coming back to our event, let me take you through our journey referring to the most important steps. FF's journey began with the bold vision to redefine what intelligent mobility means for the world. From the birth of FF in 2014 to the unveiling of FF91 and our NASDAQ listing in 2021, Faraday has stood as 1 of only 4 next-generation EV makers in the United States. With the delivery of the FF91 2.0, the launch of our second brand FX and the global debut of FX Super One in Los Angeles, we progressed our endeavor with the focus on the mobility side of our business. From this August, we launched our dual flywheel dual bridge strategy to enter into the Web3 field to round up the build-out of our ecosystem, which also progressed quite fast in the past months. Faraday Future is the first U.S. electric vehicle company to set up a presence in the UAE. Beyond advancing our global strategy, we actively align with the UAE 2031 and UAE's net zero 2050 initiative. The Middle East, particularly the UAE plays a strategic role in FF's global road map. We will continue to deepen local innovation, collaboration and market expansion to shape the next era of smart mobility together and would like to be an agent to attract and help partners to settle in the region as well. In just 2 years, FF has transformed its Middle Eastern vision into a concrete reality. In November 2023, we officially announced our entry into the Middle East. April 2024, we set up our Middle Eastern sales entity. Then in October 2024, we signed strategic agreements with Ras Al-Khaimah to develop our local operations facility, a key step forward in industrial collaboration. May 2025, the facility handover was completed. And today, we proudly marked another milestone. The Middle East final launch of FX Super One with expected delivery of first vehicles in this November. Now to unveil this groundbreaking vehicle and share more about its features and technology, please join me in welcoming Max Ma, CEO of Faraday X.

Thank you, Matthias. Good evening, everyone. Dear friends. I'm Max Ma. I had a -- it's a great honor to be here in the UAE, bring the most exciting technology and products in this glorious land. Well, in September 2024, we officially launched Faraday X, the second global brand of Faraday Future. While the FF stands for the pinnacle of intelligent luxury, the FX represents inclusivity, co-creation and global collaboration. While FX is not just a new brand, it's a new movement, a movement to unite, to innovate and then reshape the global mobility landscape. When looking at the Middle Eastern MPV market, it's still in an early growth stage. More and more premium business users and family travelers are basically looking for intelligent, comfortable and also reliable mobility solutions. While the infrastructure continued to improve, the charging and electrification ecosystem is still evolving, creating both a challenge and an opportunity. The users here value energy accessibility, reliability under extreme conditions and the sense of luxury and privacy that matches lifestyle. So tonight, from California to the Gulf, a new symbol of intelligent luxury has arrived. Ladies and gentlemen, your Highness and friends, this is the FX Super One. The FX Super One is the first class embodied AI MPV. So I'm super happy to announce here. So it stands as a true game changer to vehicles, including so far popular local MPV model like Mercedes Benz V-Class or a full-size SUVs like the Cadillac Escalade and the Nissan Patrol. So it sets a new standard for the era of the AI-driven mobility. So as it enters in the Middle East, we believe the FX Super One will not only become a new icon of AI-powered intelligent luxury, but also a co-creator in the region's journey towards green and sustainability. So when we look at the numbers side by side, so here's the benchmark, the difference is clear. It's a larger, it's more spacious, is a far more powerful. Well, and inside, you will basically find the next-generation luxury. So from a power to intelligence, from a comfort to safety, the FX Super One doesn't just compete, well, it dominates. So what does make the dominance to happen? Well, one of the answers is the FF EAI embodied AI agent 6x4 architecture. This is our technological architecture. It transforms AI from something that you use into something you experience. So for me, the Super One is a true palace of intelligence. It's a moving sanctuary where power miss wisdom and luxury miss empathy and intelligence comes to life. So you see here 5 pillars, and each pillar defines a new dimension of what EAI MPV can be. And next, we'll explore them one by one. So let's start with the power. The Super One has a 1.5 turbo engine with the dual motors. With that, we proudly announced basically AIHER 1.0 for tonight. As a result, you can see here, as this is a big MPV car from 0 to 100 in only 5.7 seconds, and a range is a remarkably 963 kilometers, almost 1,000 kilometers. So this kind of performance you expect from a high-end sports Sedan, not an MPV typically. So not only the performance, we're also making sure the FX Super One is the only MPV in the UAE equipped with the standard all-wheel drive across the planned entire lineup, a perfect match for the Middle East diverse terrains. So with the max torque of 644 newton meter and system output of 337 kilowatt, it delivers power instantly. And it's a precision torque control and intelligent terrain algorithms will adapt to any surface, any surface from desert dunes to city streets. So when we look at this car, especially when you get in, you will understand why we think it's a grand hall of possibilities. It's a space that's inspired by openness and hospitality of a [ Majlis ]. With a 5.4 meter long, it stands as the longest-in-class MPV in the UAE market. The wheel base has -- is a 3.275 meters and interior net height is about 1.3 meters. So it also creates a spacious open environment, well, because you have the 3.8-meter effective cabin length that ensures every row enjoys the generous legroom and comfort. So with these key perimeters, it's the most spacious MPVs. Of course, it's excluding the commercial transportation models, but it's really -- it's the most spacious one in the market. So it offers a 2+2+2 adaptive seating layout that flex effortlessly for every occasion, while from business gathering to family journeys. What also amazes me is the incredible cargo space. Let's take a look at it. It goes all the way up to almost 2,000 liters. So you will see it later and an extra wide sliding door. So every entrance feel grand and every movement inside feels effortless. So the FX Super One isn't just build to carry people. Of course, it is designed to carry possibilities. It's just like a modern [ Majlis ] on wheels. Now let's get surprised by the AI luxury chamber. So it feels again is so comfortable, it's quiet and spacious. It offers the quietness first-class cabin on wheels. Actually, when you drive it to 120-kilometers per hour, it is only about 62.5 dB inside. So the zero-gravity seat first-class seat with massage, leg support and memory eases you into calm. The dual layer acoustic and privacy glass how should the world outside. And of course, the privacy curtain for row 2 and 3 create your own private sanctuary. Well, now let's come to the highlight, the intelligence piece. The intelligent comfort meets the seamless connection, every detail from dual touch screens to all temperature smart refrigeration is crafted for effortless comfort. We have 23 speakers as is the most in this class. Every note surrounds you in immersive high-res personalized sound. So with multifunction table and multi-charging ports and a dual power outlet -- output inside and out, you can work, you can play, you can recharge, all from the most luxury and a capable palace on the wheels. Safety, elevated by intelligence. This is one of the most important import portion as well. The full-cabin airbag coverage and covering all 3 rows, a strong and high strength cage body and over 80% and high-strength steel form a fortress around you. And we got a 3.3 meter side curtain airbag shields every seat. Our AI active risk prediction system anticipates danger before it happens, and of course, a quad-layer battery protection down below, safeguards the energy core. Since we are sure now with the safety, let's take a look at the world's first super EAI F.A.C.E., which is one of the very unique feature that we have. It's not just a super LED display for the front facia. Super One is your EAI avatar, an embodied copilot that truly understands you. So trust me, you'll be surprised with joy, and of course, with the multimodal interaction, voice, gesture, touch, it responds instantly and anticipates what you need, offering proactively suggestions and real-time assistance. So as you can see, the FX Super One is more than a vehicle, is a palace of intelligence in motion. It delivers balanced power, majestic space, and also first-class AI luxury, intelligent safety and an EAI copilot. Every pillar represents our vision of future mobility, where intelligence, comfort and human connection come together in a perfect harmony. So that's all from me for now. Before I invite the next speaker, Morris. Let's watch a video first. [Presentation]

Okay. Good evening, ladies and gentlemen. I'm Morris Gao. After introducing the product features, I would like to go further to explore how FX Super One is all-scenario intelligence luxury MPV. So FX Super One delivers 8 signature user values. For noble people, it's born for prestige and presents for the sports cars, it helps you to recover even between cities, tournament after tournament. For influencers, it's is a mobile live stream studio, the perfect stage for co-creators. For the business world, Super One becomes a mobile AI office, turn every trip into productivity. It's a private AI club house, a quiet space to host and meet clients. It's also a golfers car, bring your friends together with the gears and go for the [ screen ]. For families, it's a mobile mansion, offering comfort and safety to every generations on board. And when the adventure calls, it's your campers car. Your luxury is home in the world. The FX Super One is crafted for those who live, inspire and redefine the future from noble people to visionaries, from global celebrities to distinguished executives, every detail of intelligent palace is designed to match their statures and vision. It also perfectly serves families who demand high standards of safety, comfort and sophistication. Our first eco hub will open in Ras Al-Khaimah in 2025 year-end with RAK Motors, a one-stop center integrating product display, test drive, new car display and after-sale service. And to give even every owner lasting confidence, FX Super One warranty policy includes up to 8 years, 200,000 kilometers of coverage, plus 24/7 road-side assistance for 6 years. Now please join me welcoming one of the greatest of all time, a true football legend, our co-creation officer, Andrés Iniesta.

Hi, everyone. Good night. Thank you so much. I'm really happy to be here with you. So excited.

Yes. After [ Lisa Nouli ], party, FX's visions, missions, product features.

No. For me, after hiring the FX team vision. I know that this car is more than just a car. It feels like a space that understand you. It's quiet, it's calm, it's very comfortable.

So through all your life, you are purchasing perfections on the green. So now what do you feel about driving?

No, for me, is the balance between the performance and caliber. After so many years of cost and motion, I appreciate the space that you have when you are driving. And for me, when I have to drive, it's like a dream with this car.

Yes. How is your life in UAE?

UAE is amazing for me, for my family. We are really happy here. And we can -- we have to enjoy, we have spent the time here -- and I think, for a long time.

So you can use the car for school, commuting, weekend family events.

Yes. As you know, we have 5 kids.

Yes, I know.

You can imagine when we are in the car, sometimes it is a difficult moment, but -- for that, I think, with this car and the kids, is the perfect combination.

Yes. Thank you, Andrés.

Welcome. Thank you.