Faraday Future Expands Global Hiring After Business Combination

LOS ANGELES–(BUSINESS WIRE)–Faraday Future Intelligent Electric Inc. (“FF”) (NASDAQ: FFIE), a California-based global shared intelligent mobility ecosystem company, today announced plans to increase its employee headcount significantly over the next 12 months following the Business combination closing in July of this year. New hiring will help support the launch of its ultimate intelligent techluxury all electric flagship vehicle FF 91 in 2022.

“We are looking forward to adding a diverse group of innovative, creative and driven people to our rapidly growing team,” said Global CEO of Faraday Future Carsten Breitfeld. “We now have the capability to significantly grow our company with employees passionate about transforming the auto industry and the future of mobility. For the right candidates, an immense amount of opportunity abounds. I welcome talented and passionate applicants who are motivated to help move the company forward together along with the entire FF team.”

Hiring efforts will focus on filling positions in the areas of manufacturing, engineering, supply chain, design, marketing, brand, sales and other areas, along with the potential of higher-level executive positions. These positions are located out of the company’s three California locations including at FF’s headquarters in Los Angeles, tech-focused offices in Silicon Valley, and the FF 91 manufacturing facility in Hanford. FF will soon announce several key operational-focused executives who are expected to join FF soon. FF is also hiring key-positions for its China operations as it gears up to deliver FF vehicles in that market.

FF is currently accepting applications online and will announce onsite recruitment events soon. For a list of open positions, please visit https://www.ff.com/us/careers/. New positions are added frequently, so applicants are encouraged to visit the careers site regularly.

Users can reserve an FF 91 Futurist model now via the FF intelligent APP or FF.com at: https://www.ff.com/us/reserve.

Download the new FF intelligent APP at: https://apps.apple.com/us/app/id1454187098?ls=1 or https://play.google.com/store/apps/details?id=com.faradayfuture.online

ABOUT FARADAY FUTURE

Established in May 2014, FF is a global shared intelligent mobility ecosystem company, headquartered in Los Angeles, California. Since its inception, FF has implemented numerous innovations relating to its products, technology, business model, profit model, user ecosystem, and governance structure. On July 22, 2021, FF was listed on NASDAQ with the new company name “Faraday Future Intelligent Electric Inc.”, and the ticker symbols “FFIE” for its Class A common stock and “FFIEW” for its warrants. FF aims to perpetually improve the way people move by creating a forward-thinking mobility ecosystem that integrates clean energy, AI, the Internet and new usership models. With the ultimate intelligent tech luxury brand positioning, FF’s first flagship product FF 91 Futurist is equipped with unbeatable product power. It is not just a high-performance, ultra-luxury EV, an all-ability car, and an ultimate robotic vehicle, but also the third internet living space.

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NO OFFER OR SOLICITATION

This communication shall neither constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.

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 “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” 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 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 FF’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: costs related to the recently completed business combination; FF’s ability to execute on its plans to develop and market its vehicles and the timing of these development programs; FF’s estimates of the size of the markets for its vehicles; the rate and degree of market acceptance of FF’s vehicles; the success of other competing manufacturers; the performance and security of FF’s vehicles; potential litigation involving FF; the result of future financing efforts and general economic and market conditions impacting demand for FF’s products. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the registration statement on Form S-4 and proxy statement/consent solicitation statement/prospectus and other documents previously filed by Property Solutions Acquisition Corp. and filed by Faraday Future Intelligent Electric Inc. from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially 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-looking statements, and FF does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

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