Faraday Future Hosts Investor Day, Unveils FF aiPal – the World's First In-Car Generative AI Product, and Announces “Middle East Strategy Launch” Press Conference November 23 During the Week of the Formula 1 Abu Dhabi Grand Prix

• FF Debuts FF aiPal, a first-of-its-kind intelligent cabin AI offering, applying generative AI to enhance 3rd aiSpace technology.
• A press event announcing FF’s “Middle East Strategy Launch” is scheduled to take place during the Formula 1 Abu Dhabi Grand Prix on November 23, 2023.

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) (“Faraday Future”, “FF” or “Company”), a California-based global shared intelligent electric mobility ecosystem company, today hosted an FF Investor Day and unveiled FF aiPal, the first-of-its-kind generative AI offering. The Company also announced that it will hold a press conference on November 23, 2023, to unveil its “Middle East Strategy Launch”, scheduled to take place in tandem with the Formula 1 Grand Prix in Abu Dhabi, the capital of the United Arab Emirates.

As an industry pioneer and the first car manufacturer to integrate ChatGPT technology, FF unveiled another revolutionary feature with the launch of FF aiPal Beta, a generative AI feature in the mobility sector that harnesses the advanced capabilities of Large Language Models (LLM) to provide an exceptionally personalized AI experience.

FF aiPal offers an intimate and unparalleled AI experience. The screen sidebar suggests nearby services tailored to the user’s live location, such as recommending Michelin-starred restaurants along the user’s route. While users are enroute to their destination, the sidebar will showcase real-time navigation details, ETA, and even send calendar reminders. The sidebar also offers insights, summaries, and related information based on the news the user consumes. For instance, it can display real-time stock information and details about listed companies as a user follows.

We intend to collaborate with third-party developers to offer a broad range of AI services that cater to diverse use case scenarios. Built upon the foundation of FF aiHyper 6x4 Architecture 2.0, FF aiPal marks a transformative milestone in the evolution of FF's AI strategy, charting a new beginning for innovation.

“As generative AI technology gains widespread traction across various products, FF aiPal stands out as a pioneer in the mobility ecosystem. Positioned as a model of product innovation within the EV industry's intelligent cabins, we proudly claim the title of an industry first,” Jim Gao, Global Vice President of FF Intelligent Internet Application Platform, stated. “FF aiPal is an innovation that represents a deep integration of FF 3rd aiSpace, LLM, and generative AI technology. It is also the culmination of a vertical integration of six major FF platforms: FF OpenApp, FF aiOS 2, FF aiHW 2.0, FF Mechanical, FF Cloud, and FF AI, offering the ultimate experience. This Beta version will initially be offered to our Co-Creation Officers. Users can visit FF Labs at ff.com to apply for early experience.”

Please click on this link for a FF aiPal product video: https://1305327997.vod2.myqcloud.com/42ca66dbvodusw1305327997/d7107db95576678021897025589/5zstwXOuAZAA.mp4

Please check this link for FF’s investor day: https://investors.ff.com/events/event-details/investor-day-2023/

Users can preorder an FF 91 2.0 vehicle 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 FF App: http://appdownload.ff.com

ABOUT FARADAY FUTURE

Faraday Future is the pioneer of the Ultimate AI TechLuxury ultra spire market in the intelligent EV era, and the disruptor of the traditional ultra-luxury car civilization epitomized by Ferrari and Maybach. FF is not just an EV company, but also a software-driven intelligent internet company. Ultimately FF aims to become a User Company by offering a shared intelligent mobility ecosystem.

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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 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 continue as a going concern and improve its liquidity and financial position; 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 Company’s ability to satisfy the conditions precedent and close on the various financings described elsewhere by the Company; the result of future financing efforts, the failure of any of which could result in the Company seeking protection under the Bankruptcy Code; general economic and market conditions impacting demand for the Company’s products; potential 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 employees, any adverse developments in existing legal proceedings or the initiation of new legal proceedings, and volatility of the Company’s stock price. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the Company’s Form 10-K/A filed with the Securities and Exchange Commission (“SEC”) on August 21, 2023, 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.

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