Faraday Future Intelligent Electric Inc. Q2 FY2025 earnings call

• FX Super One launch campaign had over 4,000 nonbinding nonrefundable preorders in Q2, with total exceeding 10,000 by July 31, 2025; global launch in LA was successful. • FF 91 2.0 Futurist Alliance featured in Mariah Carey's music video. • Released software version 2.00.58 for FF 91 via OTA, with new voice assistant and ecosystem service platform launching soon. • Hanford plant completed FF91 P20 production and prepared for FX Super One production. • Added to Russell 3000 Index; top fund managers like Vanguard and BlackRock increased holdings. • Founder YT Jia rejoined as Co-CEO, boosting market confidence and capitalization.

No detailed breakdown of product segments' financial performance and revenue contributions provided in the transcript.

• Continue building user ecosystem with more elite FF 91 owners; FX B2B and B2C channels expanded to 8 US states, launched FX Dream Partner Program. • Double down on AI product strategy, deploying voice interaction system on FX Super One and others by year-end. • Launched pilot production of FX Super One, aiming for year-end off-line target. • Middle East market preparatory work for deliveries to be completed in Q3, plan to start sales there in 2025. • Optimize capital and financing structure, continue EAI + Crypto Dual-Flywheel & Dual-Bridge Eco-Strategy.

• Balance sheet sensitivity to equity-linked valuation changes under fair value accounting due to mark-to-market adjustments. • Constrained macroeconomic environment could impact capital raising and liquidity.

Q: What is the status of your U.S. production timeline?

A: Remain on track for first FX Super One rollout in US by year-end; trial production commenced at Hanford factory.

Q: Are you going to be presenting at any upcoming investor conferences? And will they be webcast?

A: Scheduled to participate in Deutsche Bank Car Conference, LA Auto Conference, etc., most will be webcast/live stream with details on Investor Relations website.

Q: What is your strategic plan in the Middle East market?

A: Middle East is third major pillar; held handover ceremony for regional factory, plan to start sales of Super One there in 2025 and in US by year-end.

Q: Do you have a list of future events where we might be able to see the vehicles and production facilities?

A: Will participate in LA Auto Conference, and had event at Pebble Beach; ramping up physical presence via high-impact offline activities.

Q: With top funds like BlackRock and Vanguard increasing holdings, what themes have come up in your conversations with them?

A: Conversations around scalability, governance, and capital efficiency; increased holdings reflect confidence in long-term potential.

Q: How do you plan to achieve the same level of user experience in human-machine interaction, etc.?

A: Built solid foundation in in-vehicle systems; will incorporate FF 91 technologies into FX, collaborate with partners for hardware and algorithms, implement autonomous driving in phases.

Q: Briefly introduce company's most core value?

A: One of few US-listed new energy EVs to pass crash testing; invested nearly $4B in US closed-loop system; premium brand image, FX series target blue ocean market in US.

Q: Besides FX Super One, how to achieve second FX model?

A: Reuse resources from FX Super One project; manage second model with staggered resource allocation.

Q: Which flagship FF 91 technologies are being integrated into FX product line?

A: Core AI software and Internet technologies; investment focus on platform-based core competitiveness and FX mass production, etc.

Q: What is your monthly burn rate?

A: Average monthly operating loss of approximately $9 million in Q2, including various expenses.