Faraday Future Secures $30 Million Financing to Strengthen the Company’s Core Business and Continued Ramp-Up of the Faraday X (FX) Strategy

LOS ANGELES, December 22, 2024–Faraday Future Intelligent Electric Inc. (Nasdaq: FFIE) (“FF”, “Faraday Future”, or “Company”), a California-based technology company specializing in artificial intelligence electric vehicles (AIEV), announced that it has secured approximately $30 million in cash financing commitments. The funds will be used to accelerate the Company’s growth and the development of Faraday X (FX), FF’s strategy of launching affordable high performance AIEV equipped vehicles with c