Faraday Future Will Change Its Ticker to “FFAI” on March 10, and Host a “FF Open AI Day” on March 17

Faraday Future announced that it has begun hiring for key positions to help support its AI initiatives as it furthers its plans to significantly expand AI R&D efforts and input, launching recruitment of AI talents, especially those specialized in large-model development and algorithm training programs.

The Company also plans to change its Nasdaq ticker symbol to “FFAI” on March 10, 2025, and host an "FF Open AI Day" on March 17. The FF Open AI Day will showcase the Company’s current and future AI strategy and invite AI industry partners to jointly explore topics such as open-source ecosystems and AI applications in vertical sectors like mobility.

Faraday Future shares jumped 12% in premarket trading Wednesday.

This ticker symbol change is not only a brand identity upgrade but also a reaffirmation of the Company’s unwavering commitment to its core AI strategy and long-term development goals. Since launching its Faraday X (FX) strategy, the Company has been working to implement a full-scale AI transformation. By advancing cross-domain integration of end-to-end computing, algorithm, and data, it is working to comprehensively improve the intelligent cabin, autonomous driving, and user interactions, while advancing the AI transformation in its vehicles.

Next Steps for FF’s AI Business:

• Advancing end-to-end large-model autonomous driving development within an open-source framework to accelerate the evolution of intelligent driving.

• Accelerating the development and launch of FF AI OS, an advanced AI system designed to enhance the intelligent cabin and user interaction experience through AI agents.

• Advancing the integration of AI into its cutting-edge mechanical platforms, including Magic All-In-One and Hyper Multi-Vectoring, and seamlessly blending AI technology with traditional mechanical systems.

“Because of our dual-market and dual-brand strategy, FF holds a unique advantage in attracting AI talent geographically and both integrating AI technology and building a strong foundation in AI technology within our vehicles,” said Matthias Aydt, Global CEO of Faraday Future. “AI is redefining future mobility, and Faraday Future is at the center of this transformation. AI technology continues to evolve rapidly in both open-source ecosystems and vertical applications, FF is making significant strides in realizing its All-AI Mobility Ecosystem, Personalized AI, and Bespoke AI initiatives.”