Faraday Future Co-CEO YT Jia Shares Strategic Weekly Update: New Partnerships, FX Progress, Government Engagement, and Global Expansion Take Center Stage
Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI), a California-based electric mobility innovator striving to create a global ecosystem for shared intelligent electric vehicles, has released its fourth CEO Weekly Update. The message, personally penned by Founder and Co-CEO YT Jia, offers investors, partners, and stakeholders a comprehensive view into Faraday Future’s progress across strategic priorities—from B2B deals and government relations to capital markets activity and international expansion.
“Each weekly update is more than just a report,” Jia began. “It’s a moment of self-reflection.” This framing set the tone for a candid, forward-looking communication that balanced transparency with ambition—offering both a snapshot of current progress and a preview of the week ahead.
Securing Momentum with B2B Partnerships: 600 More FX Units Locked In
At the forefront of this week’s update was a significant boost in Faraday Future’s customer engagement and vehicle reservation momentum. Jia confirmed a binding deposit agreement for 600 units of the FF FX Super One with Los Angeles-based auto service provider NEW PBB AUTO. This agreement includes a non-binding reservation paired with a non-refundable deposit, further validating demand for the FX and deepening FF’s commercial pipeline.
With this agreement, Faraday Future has now collected paid B2B deposits totaling 1,900 FX units. This growing tally is more than a figure—it represents Faraday’s deepening reach into commercial markets and early validation for its flagship model’s potential. NEW PBB AUTO is not only a buyer but also a strategic ecosystem partner, signaling FF’s intent to build customer relationships far beyond simple vehicle delivery.
The cooperation with NEW PBB AUTO spans several pillars: direct sales through a co-creation ecosystem, after-sales services, and user operations support. It also marks the company’s first formal partnership under its FX Par model in Los Angeles, a system designed to extend FF’s user operations and service capabilities through a distributed network of on-the-ground partners.
Introducing the FX Par Model: Community-Led Mobility Network
The FX Par (FX Partner) initiative, central to FF’s user acquisition and engagement strategy, was highlighted as a breakthrough moment for the company. Building on the blueprint of Jia’s earlier success in China with the Le Par model, FX Par is tailored for the U.S. and focused on offline user operations.
Under this model, FX Par partners benefit from revenue-sharing structures, asset-light entry, faster return cycles, and potentially high capital appreciation. FF intends for this model to enable decentralized but aligned network growth, reducing the need for heavy in-house service investments while ensuring robust, community-level user experiences.
In a practical example, Jia explained how Los Angeles County’s 88 cities provide natural regional subdivisions. NEW PBB AUTO will manage six of these cities, laying the groundwork for a zonal FX Par approach that could be replicated nationwide.
Jia invited interested partners across California and seven other Phase-1 target states to join the FX Par network and become what he described as “Dream Partners” in co-creating the intelligent electric mobility ecosystem of the future.
Elevating Government Engagement with a High-Profile Hire
Shifting gears to government affairs—what Jia categorizes as S7: Capability and System Build-Up—Faraday Future announced that California Assembly Speaker Emeritus Anthony Rendon has joined the company as a Senior Consultant. Rendon brings with him years of public service experience, policy influence, and regulatory insight, particularly within California’s progressive transportation and clean energy sectors.
Jia emphasized that Rendon will help strengthen FF’s public sector engagement and assist with key strategies, including navigating tariff challenges, unlocking policy incentives, and advancing the company’s Global Automotive Industry Bridge Strategy—a cross-border initiative designed to align international suppliers, capital, and market access.
Reinforcing Capital Markets Confidence with Insider Stock Purchases
Under S5: Finance and Capital Markets, Jia shared an important governance update: the company’s long-awaited 10b5-1 executive stock purchase plans have cleared compliance reviews. This SEC-approved plan allows executives to pre-schedule open market purchases of company stock—demonstrating confidence and long-term alignment.
The first tranche of this initiative includes $560,000 in stock purchases by YT Jia himself and $50,000 by FF executive Jerry Wang. While execution of these purchases will occur after a standard 90-day cooling-off period, the announcement sends a strong signal to the market that senior leadership is personally invested in the company’s future.
Jia added that official filings and disclosures would be shared within the week, further enhancing transparency for investors.
FX Super One Progresses Toward Production
Under S2 and S3 (Product and Technology), Jia reaffirmed that the FX Super One is advancing rapidly beyond engineering into procurement and pre-production readiness. The company is working closely with a network of top-tier automotive suppliers, referred to by Jia as “S Tier One” partners, indicating the use of premium suppliers with global reputations.
This progress is critical as the FX program enters a decisive phase. FF intends for the FX Super One to define its brand not only through design and performance but also via supply chain reliability and scalable manufacturing readiness.
Middle East Milestone: FF Expands Global Footprint with UAE Facility
One of the most notable highlights of the week was under S6 (Middle East Strategy), where FF has formally launched its regional presence. Jia revealed that Faraday Future held a handover ceremony for its factory and operations facility in Ras Al Khaimah, UAE. This facility will be central to supporting production for both FF and FX models and will serve as a gateway into the Gulf Cooperation Council (GCC) market.
Strategically positioned, the UAE facility also aligns with Faraday Future’s ambition to expand into Europe and North Africa, leveraging Ras Al Khaimah’s growing status as a logistics and manufacturing hub.
Challenges and Market Expansion Beyond California
Reflecting on past execution gaps, Jia acknowledged that Faraday Future had been underprepared in markets outside California—largely due to earlier funding constraints. With a stronger balance sheet and active FX development, FF is now pivoting toward a broader U.S. market strategy targeting seven key Phase-1 states.
This expansion, while critical, poses operational pressure on Faraday Future lean team. Yet, Jia remains optimistic: “Some things can only be validated by doing—and we’re fully committed to pushing forward.”
Stockholder Day, Strategic Supplier Visits, and Investor Updates
In terms of near-term milestones, Jia previewed several important events:
- FF’s Annual Stockholders’ Day will be held Saturday, May 31, featuring:
- Multiple announcements and roadmap updates
- Hands-on test rides of FX prototype mule vehicles
- An open platform for shareholders to engage in FF’s co-creation process
- Visits from major Chinese Tier One suppliers will continue next week to advance strategic alignment and procurement negotiations.
- During next week’s Dragon Boat Festival in China, FF will also release its first Monthly Investor Update, offering a deeper dive into operational progress and vision alignment.
A Mission Built on Execution, Vision, and Co-Creation
This fourth edition of YT Jia’s CEO Weekly Update reinforces a clear message: Faraday Future is transitioning from ideation to execution. With tangible wins in deposits, supplier partnerships, government advocacy, and global expansion, the Faraday Future company is laying down the infrastructure of a next-generation electric mobility business.
