Faraday Future Intelligent Electric Inc. (Nasdaq: FFIE) ("Faraday Future", “FF” or "Company"), a California-based global shared intelligent electric mobility ecosystem company, today announced the official delivery of its first Ultimate AI Techluxury FF 91 2.0 Futurist Alliance. This marks FF’s entry into its revenue generation stage and the formation of a complete operational closed loop. A delivery ceremony was held for FF’s first spire user on August 12.

Concurrently, FF launched the Developer Co-Creation festival campaign, which includes a series of upcoming events in Pebble Beach, California, during the renowned Monterey Car Week. Beginning August 15th, Los Angeles time, online registration for FF Developer Co-Creation Officers will be available on the FF App and FF.com. Candidates will be admitted based on referrals from pre-order users or Developer Co-Creation Officers subject to approval from FF.

The first group of distinguished users and Developer Co-Creators, as previously announced by FF, consists of Rem D Koolhaas, a well-known design industry veteran, Jason Oppenheim, a renowned real estate agent specializing in luxury properties in Los Angeles, California, and a user who comes from “Private Collection Motors (PCM),” a luxury car dealership based in Costa Mesa, California.

PCM, a major player in the luxury car market here in SoCal, is the Company’s first user to receive its FF 91 2.0 Futurist Alliance. The Company believes this is indicative of how the US luxury car industry values FF's “Ultimate AI TechLuxury” product and brand. PCM is also invited to be part of the FF Developer Co-Creation Mission and take on the role of a FF Developer Co-Creation Officer. With its industry expertise, it will be offering co-creation services. The Company believes this will add value and benefits in return. This move perfectly embodies FF's core philosophy and business model of value co-creation and value co-sharing.

In order to provide the Company’s first batch of spire users with a unique and unparalleled vehicle delivery experience, the Company intends to hold additional customized delivery ceremonies for them. Considering the schedules of all parties involved, the initial delivery ceremony took place at Costa Mesa, where the headquarters of PCM is located.

The event was attended by FF Founder and Chief Product and User Ecosystem Officer, YT Jia, Senior VP of Product Execution Matthias Aydt, Head of Product Marketing and Delivery Ambassador Scott Wang, and a PCM representative. Mr. Jia had the honor of personally driving the FF 91 and presenting it to the user.

Concurrent with the first vehicle delivery milestone, the Developer Co-Creation Festival series of events was officially launched. FF will attend the “FuelRun” event on August 16th and 17th and “Motorlux” on August 16th, during the Monterey Car Week. The Company will invite Developer Co-Creators, including the first users of the Phase-2 Co-Creation delivery, and Developer Co-Creation candidates to attend the Developer Co-Creation signing ceremony on August 17th.

FF is also actively signing purchase agreements for the FF 91 2.0 Futurist Alliance with additional potential owners and Developer Co-Creators. The Company looks forward to announcing its first FF 91 2.0 Futurist Alliance car owner of the second group of users of its Phase-2 Co-Creation delivery soon.

FF will showcase the details of the first FF 91 2.0 delivery ceremony as video story and will broadcast this video at 6:00PM PST on August 15th though all official FF channels.