Faraday Future Announces That All 300 of its Invite-Only FF 91 Futurist Alliance Edition Vehicles Have Been Pre-Ordered

• The FF 91 Futurist Alliance Edition is equipped with exclusive and unique user-focused features and services-planned for delivery in 2022

LOS ANGELES--(BUSINESS WIRE)--Faraday Future Intelligent Electric Inc. (“FF”) (NASDAQ: FFIE), a California-based global shared intelligent mobility ecosystem company, announced today that it has taken advanced pre-orders and deposits for all 300 of its limited-edition, invite-only FF 91 Futurist Alliance Edition models (known before as the FF 91 Alliance Edition). The 300 pre-orders included 268 previously received pre-orders of the FF 91 Alliance edition and the balance of the pre-orders were obtained within 48 hours after the listing of FF shares on Nasdaq on July 22, 2021.

At the time of FF’s listing on Nasdaq, FF’s Global CEO, Dr. Carsten Breitfeld, announced new pre-order policies for 300 limited-edition, invite-only FF 91 Futurist Alliance Edition, and FF 91 Futurist Edition models, with priority reservation deposits of US$5,000 and US$1,500 respectively. FF 91 Futurist Alliance Edition owners will receive three exclusive user privileges: Futurist Alliance membership, Spire Club membership, and next-generation product upgrade plan.

“All of our 300 limited-edition FF 91 Futurist Alliance Edition models were pre-ordered by our users and shows the public believes in FF and our unbeatable product and technology positioning,” said Dr. Carsten Breitfeld, FF’s Global CEO. “We look forward to delivering this product and I want to thank all of our global reservation holders for their tremendous ongoing interest and support in FF.”

The new policy for pre-orders of the FF 91 Futurist Alliance Edition involved invite-only offers, sent to the users who share the same aspiration and vision for the future development, values and mission of FF. Only those who received the invitation code were able to pre-order the limited-edition vehicle. The fulfillment of the order book of all 300 FF 91 Future Alliance Editions shows that the ultimate intelligent techluxury brand positioning and super product power of the FF 91 Futurist Alliance Edition have obtained a unique position in the minds of users and have been highly recognized by the top of the market pyramid.

The FF 91 Futurist Alliance Edition and FF 91 Futurist models represent the next generation intelligent internet electric vehicle (EV) products. They are not just high-performance EVs, all-ability cars, and ultimate robotic vehicles, but they also allow users to experience the third internet living space. The models also encompass extreme technology, an ultimate user experience and complete ecosystem.

Both models have an industry-leading 1050 horsepower, a 130kWh battery pack with immersive liquid cooling technology, and can go 0-60 mph in 2.4 seconds. In addition, both contain tri-motor torque vectoring first launched globally in 2017, 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, rear intelligent internet system, 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.

The FF 91 Futurist, FF’s flagship offering, is available through FF’s new Intelligent App or at FF.com.

FF is traded on the Nasdaq under the ticker “FFIE” for its Class A common stock and “FFIEW” for its warrants. The “I” in “FFIE” stands for both Intelligent and Internet, and the “E” stands for both Ecosystem and Electric. This reflects the fact that FF is not just an EV company, but also an internet high-tech company, an AI product company, a software company and user ecosystem company. This accurately expresses the positioning and true value of FF.

Users may now find more product information on FF 91 Futurist through www.FF.com or by downloading the new FF Intelligent App at: http://appdownload.ff.com.

Users can reserve an FF 91 Futurist now at: https://www.ff.com/us/reserve.

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. FF is the only company with U.S. and China dual DNA and dual home-market advantages. 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 techluxury brand positioning, FF’s first flagship product FF 91 Futurist is equipped with unbeatable product power. It is not just a high-performance 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.