Faraday Future’s Ultimate Intelligent Techluxury FF 91 Validates Production Timeline as it Completes the Longest Road-Test Among the Global Ultra-Luxury EV Class

LOS ANGELES–(BUSINESS WIRE)–Faraday Future Intelligent Electric Inc. (“FF”) (NASDAQ: FFIE), a California-based global shared intelligent mobility ecosystem company, today announced that it recently completed a 2,270-mile testing and evaluation journey following the historic Route 66, a highway that crosses numerous U.S. states as it winds its way from Chicago, Illinois to Santa Monica in Los Angeles County, California.

Real world vehicle testing and evaluation, which followed FF’s public listing on Nasdaq last month in NYC, put the ultimate intelligent techluxury FF 91 through multiple tests in various conditions including extreme heat through the desert and on multiple road surfaces including various elevations. The completion of this testing and evaluation of the many vehicle systems, including battery and propulsion components during the 2,270-mile journey further validates FF 91 production timeline.

“This testing journey along historic Route 66 allowed us to put FF 91 through many diverse environments and conditions found only in the central and southwest portions of the U.S. and allowed us to capture real world data on FF 91,” said FF Global CEO Dr. Carsten Breitfeld. “FF’s overall testing and validation strategy will ensure best-in-market performance, safety and user confidence, and to make sure the battery, electric propulsion, chassis, suspension and other vehicle systems perform under these harsh conditions, while also ensuring a smooth and comfortable and connected experience with the driver and passengers in the FF 91.”

The long-distance road test that FF conducted is a great opportunity to evaluate FF’s unique third internet living space concept in real usage scenarios before it begins production next year. Dr. Breitfeld, an engineer by trade, had an integral part of the Route 66 testing and drove much of the trip, he also used the rear intelligent internet system and in-car video conference system from the rear-seat to participate in daily FF meetings along the way.

FF 91 is equipped with interior cameras and microphones that support videoconferencing features. When the Rear Seat Display (RSD) is turned on, users can access their contacts through conferencing applications to keep connected with friends, family, or business associates while on the road. The applications will run natively on the in-vehicle computer and be mirrored to the users’ mobile devices for remote control.

During vehicle testing, engineers logged volumes of data on the vehicle’s chassis, thermal, electric propulsion performance, and all vehicle systems. They also optimized software controls performance and calibrations in real world conditions. This critical work is providing some of the final levels of development on FF 91’s systems, as FF advances to the final stages of its program and a timely launch. In the coming months, FF will build additional pre-production FF 91 vehicles for further testing, vehicle development, improvements, and final readiness for launch in 2022.

The FF 91 Futurist Alliance Edition and FF 91 Futurist models represent the next generation of intelligent internet electric vehicle (EV) products. They are high-performance EVs, all-ability cars, and ultimate robotic vehicles, allowing users to experience the third internet living space. The models also encompass extreme technology, an ultimate user experience and a complete ecosystem.

Both models have an industry-leading 1050 horsepower, a 130kWh battery pack with immersive liquid cooling technology and 0-60 mph performance in 2.4 seconds. In addition, both employ tri-motor torque vectoring and rear wheels independently driven and controlled by dual rear motors. Both models are also equipped with the industry‘s only super AP for internet connection at “light speed”, video streaming on the passenger information display, a rear intelligent internet system, an in-car video conferencing system, intelligent seamless entry, FFID face recognition, multi-touch eyes-free control, and zero gravity rear seats with the industry’s largest seating angle of 150 degrees.

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 has both a U.S. and China dual DNA and dual home-market advantage. 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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