Faraday Future Announces User Based Co-Creation “Mission Farad” Which Unites Developers, Creators, Users, and Investors to Achieve Value Co-Creation and Co-Sharing
Faraday Future Intelligent Electric Inc. (Nasdaq: FFIE)("Faraday Future", “FF” or "Company"), a California-based globalshared intelligent electric mobility ecosystem company, todayannounced its newly established “Mission Farad,” designed toencompass the Company’s many benefits to its user-based co-creationphilosophy.
This press release features multimedia. Viewthe full release here:https://www.businesswire.com/news/home/20230522005311/en/
Faraday Future Announces User BasedCo-Creation “Mission Farad” Which Unites Developers, Creators,Users, and Investors to Achieve Value Co-Creation and Co-Sharing.(Graphic: Business Wire)
“Mission Farad” will bring FF’s users more innovativeexperiences and opportunities. It consists of four key components:an open-source co-creation technology platform, a co-sharingbusiness model, a co-partnership governance structure, and awin-win product portfolio. This will be an important strategy forFF and provides new impetus for future growth.
FF is not just launching the FF 91 vehicle as its ultra-flagshipmodel, but also creating more exciting new opportunities for itsusers. We believe the FF User Value Co-creation and BenefitsSharing Platform V2.0 will be a significant innovation, offeringnew opportunities for FF’s developers and creators as well as usersand investors. This platform represents a major step forward inFF’s external partner program preceded by FF’s internal partnergovernance system. The platform is built on the Web3.0 concept,which unites developers, creators, users, and investors to achievevalue co-creation and benefits co-sharing. We believe this is alsothe new trend of globalized corporate development, whereco-creation, co-sharing, co-partnership and win-win will become themainstream in the future.
The co-creation business model is an open UP2U business modelthat allows users to become FF partners and enable valueco-creation. The shared technology platform is expected to providemore innovation and services for users and achieve better benefitsco-sharing. Lastly, the Company’s win-win product portfolio willfeature several product offerings including FIR and FPO, amongothers, which will be unveiled gradually.
We believe we can achieve a win-win situation through user valueco-creation and benefits co-sharing. FF is very thankful for thesupport of our investors, retail investors, and fans. Alongside theFF 91 vehicle, the Company is also designing a novel way to rewardFF’s Futurists.
The “Mission Farad” is officially launched on the FF App andFF.com. Users can participate in the “Mission Farad” through"Co-Creation Tasks" that will be updated from time to time.Completing specific Co-Creation Tasks within the given timeframeentitles users to earn Futurist Co-Creation Points as rewards."Farad" is the unit of measure for the FF Futurist Co-CreationPoints, denoted by the letter "F," in tribute to Michael Faraday,the renowned English physicist.
To learn more about “Mission Farad” please visit the followinglinks:
(English): https://www.ff.com/farad
(Chinese): https://www.faradayfuturecn.com/cn/farad
Users can preorder an FF 91 vehicle via the FF Intelligent Appor through our website (English): https://www.ff.com/us/preorder/or (Chinese): https://www.ff.com/cn/preorder/
Download the new FF Intelligent App (English):https://apps.apple.com/us/app/id1454187098 orhttps://play.google.com/store/apps/details?id=com.faradayfuture.online,(Chinese): http://appdownload.ff.com
ABOUT FARADAY FUTURE
FF is the pioneer of the Ultimate Intelligent TechLuxury ultraspire market in the intelligent EV era, and a disruptor of thetraditional ultra-luxury car industry. FF is not just an EVcompany, but also a software-driven company of intelligent internetAI product.
FOLLOW FARADAY FUTURE:
https://www.ff.com/
https://www.ff.com/us/mobile-app/
https://twitter.com/FaradayFuture
https://www.facebook.com/faradayfuture/
https://www.instagram.com/faradayfuture/
www.linkedin.com/company/faradayfuture/
FORWARD LOOKING STATEMENTS
This press release “forward looking statements” within themeaning of the safe harbor provisions of the United States PrivateSecurities Litigation Reform Act of 1995. When used in this pressrelease, the words “estimates,” “projected,” “expects,”“anticipates,” “forecasts,” “plans,” “intends,” “believes,”“seeks,” “may,” “will,” “should,” “future,” “propose” andvariations of these words or similar expressions (or the negativeversions of such words or expressions) are intended to identifyforward-looking statements. These forward-looking statements, whichinclude statements regarding the development and success of MissionFarad and the Company’s co-creation and benefits co-sharingprogram, are not guarantees of future performance, conditions orresults, and involve a number of known and unknown risks,uncertainties, assumptions and other important factors, many ofwhich are outside the Company’s control, that could cause actualresults or outcomes to differ materially from those discussed inthe forward-looking statements. Important factors, among others,that may affect actual results or outcomes include whether the FFTop Holdings LLC Shareholder Agreement complies with Nasdaq listingrequirements, including Nasdaq Listing Rule 5640 regarding votingrights, the market performance of the Company’s Common Stock, theCompany’s ability to regain compliance with the Nasdaq listingrequirements and the Company’s ability to execute definitivedocumentation in connection with and/or satisfy the conditionsprecedent and close on the various financings previously disclosedby the Company and anticipated additional financings, the failureof any of which could result in the Company seeking protectionunder the Bankruptcy Code; the Company’s ability to amend itscertificate of incorporation to permit sufficient authorized sharesto be issued in connection with the Company’s existing andcontemplated financings; the ability of the Company to agree ondefinitive documents to effectuate the non-binding City ofHuanggang Framework Agreement; the Company’s ability to remain incompliance with its public filing requirements under the SecuritiesExchange Act of 1934, as amended, and Nasdaq listing requirementsand to continue to be listed on Nasdaq (including following theexecution of the Shareholder Agreement); the outcome of the SECinvestigation relating to the matters that were the subject of theSpecial Committee investigation and other litigation involving theCompany; the Company’s ability to execute on its plans to developand market its vehicles and the timing of these developmentprograms (including timely receipt of parts and completion of crashtests); the Company’s estimates of the size of the markets for itsvehicles and cost to bring those vehicles to market; the rate anddegree of market acceptance of the Company’s vehicles; the successof other competing manufacturers; the performance and security ofthe Company’s vehicles; potential litigation involving the Company;the result of future financing efforts and general economic andmarket conditions impacting demand for the Company’s products;potential cost, headcount and salary reduction actions may not besufficient or may not achieve their expected results; and theability of the Company to attract and retain employees. Theforegoing list of factors is not exhaustive. You should carefullyconsider the foregoing factors and the other risks anduncertainties described in the “Risk Factors” section of theCompany’s registration statement on Form S-1 filed with theSecurities and Exchange Commission (the “SEC”) on May 4, 2023 the“Risk Factors” section of the Company’s Annual Report on Form 10-Kfiled with the SEC on March 9, 2023 and the “Risk Factors” sectionof the Company’s Form 10-Q filed with the SEC on May 10, 2023, andother documents filed by the Company from time to time with theSEC. These filings identify and address other important risks anduncertainties that could cause actual events and results to differmaterially from those contained in the forward-looking statements.Forward-looking statements speak only as of the date they are made.Readers are cautioned not to put undue reliance on forward-lookingstatements, and the Company does not undertake any obligation toupdate or revise any forward-looking statements, whether as aresult of new information, future events or otherwise, except asrequired by law.
View sourceversion on businesswire.com: https://www.businesswire.com/news/home/20230522005311/en/
Investors (English): ir@faradayfuture.com
Investors (Chinese): cn-ir@faradayfuture.com
Media: john.schilling@ff.com
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