- Matthias Aydt named Global Senior Vice President, Product
Execution
- Xiaoyang Ning to assume acting head of Business
Development
- Xiao Ma becomes acting head of Production Definition and Eco
Mobile Systems
Faraday Future ("FF"), a California-based global shared
intelligent electric mobility ecosystem company, today announced
senior management changes as it continues to bolster its leadership
team and ready the FF 91 Futurist for full-scale production.
Effective immediately, current FF executive and board member
Matthias Aydt will take on the role of Global Senior Vice
President, Product Execution, which was previously held by Bob
Kruse who recently left the company. An automotive industry
veteran, Mr. Aydt will be responsible for leading the entire
product development and engineering teams as the company readies
the FF 91 Futurist for production.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20221213005685/en/
Matthias Aydt - Faraday Future (Photo:
Business Wire)
Mr. Aydt was previously in charge of Product Definition &
Eco Mobile Systems and Business Development at FF. Prior to joining
FF, Mr. Aydt spent a number of years abroad in China and Germany
with automotive companies and OEM suppliers, leading teams within
Project Management and Vehicle Engineering. Mr. Aydt has over 15
registered patents.
Xiaoyang Ning, who currently leads the strategic partner
relationship at FF, will assume the business development
responsibilities previously held by Mr. Aydt, as acting head of
Business Development. Additionally, Xiao Ma becomes acting head of
Production Definition and Eco Mobile Systems at FF. Mr. Ma
previously served as deputy head of Product & Mobility
Ecosystem and Corporate Operations.
“The FF 91 Futurist is expected to start production soon and the
experience that these dedicated leaders bring to FF will help
further strengthen the company, as well as accelerate the next
stage of funding activities and assist the company in delivering
the FF 91 Futurist in a timely manner and with high quality,” said
Xuefeng (“XF”) Chen, Global Chief Executive Officer of FF. “These
leadership changes ensure that all of FF’s core departments retain
experienced and competent leadership moving forward and bolster
FF’s future.”
FF recently announced that it completed manufacturing milestone
#6, the completion of construction and equipment installation in
vehicle assembly areas. The company also continues to make progress
with testing and validation of the FF 91 Futurist. Recent
performance metrics including range, 0-60 acceleration and braking
have exceeded expectations.
In addition, FF will host a virtual Global Investor Business
Update Meeting on December 15, 2022, to announce the company’s
global business transformation plan which includes a vehicle
delivery plan for FF 91 Futurist.
Institutional investors and analysts interested in attending
should click the link:
https://www.ff.com/us/global-investor-business-update-1215 for more
information.
Users can preorder an FF 91 Futurist via the FF Intelligent App
or 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 or
https://play.google.com/store/apps/details?id=com.faradayfuture.online,
(Chinese): http://appdownload.ff.com
ABOUT FARADAY FUTURE
Faraday Future is a class-defining luxury electric vehicle
company. The Company has pioneered numerous innovations relating to
its products, technology, business model, and user ecosystem since
inception in 2014. Faraday Future 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. Faraday Future’s first flagship product is the FF 91
Futurist.
FOLLOW FARADAY FUTURE:
https://www.ff.com/ http://appdownload.ff.com
https://twitter.com/FaradayFuture
https://www.facebook.com/faradayfuture/
https://www.instagram.com/faradayfuture/
www.linkedin.com/company/faradayfuture
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
the Company’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 the Company’s ability to satisfy the
conditions precedent and close on the various financings previously
disclosed by the Company, the failure of any which could result in
the Company seeking protection under the Bankruptcy Code; the
Company’s ability to amend its certificate of incorporation to
permit sufficient authorized shares to be issued in connection with
the Company’s existing and contemplated financings; the ability of
the Company to agree on definitive documents to effectuate the
governance changes with FF Top; the Company’s ability to remain in
compliance with its public filing requirements under the Securities
Exchange Act of 1934, as amended, and the listing requirements of
The Nasdaq Stock Market LLC (“Nasdaq”) and to continue to be listed
on Nasdaq; the outcome of the SEC investigation relating to the
matters that were the subject of the Special Committee
investigation and other litigation involving the Company; the
Company’s ability to execute on its plans to develop and market its
vehicles and the timing of these development programs; the
Company’s estimates of the size of the markets for its vehicles and
cost to bring those vehicles to market; the rate and degree of
market acceptance of the Company’s vehicles; the success of other
competing manufacturers; the performance and security of the
Company’s vehicles; potential litigation involving the Company; the
result of future financing efforts and general economic and market
conditions impacting demand for the Company’s products; recent
cost, headcount and salary reduction actions may not be sufficient
or may not achieve their expected results; and the ability of the
Company to attract and retain directors and employees. 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
Company’s registration statement on Form S-1/A filed on November 8,
2022, and other documents filed by the Company 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 the Company 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20221213005685/en/
Investors (English): ir@faradayfuture.com Investors
(Chinese): cn-ir@faradayfuture.com Media:
john.schilling@ff.com
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