Faraday Future Co-CEO YT Jia Provides In-Depth Weekly Update: Progress on B2B Expansion, Investor Engagement, and Internal Reforms
Faraday Future Intelligent Electric the California-based electric mobility company aiming to redefine the automotive landscape, released its latest weekly update from Founder and Co-CEO YT Jia. The update, part of Jia’s regular series of communications to shareholders and stakeholders, outlined recent business activities, strategic engagements, and internal improvement efforts—all aimed at driving the company toward a more sustainable, efficient, and investor-aligned future.
Faraday Future In his opening remarks, Jia emphasized the company’s ongoing commitment to transparency and execution. “Promises made, promises kept,” he said, welcoming audiences to the third installment of the Co-CEO Investor Weekly Update. What followed was a wide-ranging report that touched on high-profile visits, upcoming product and investor events, operational milestones, and future plans.
Strengthening the S1 User Ecosystem: Stakeholder Engagement and Product Showcases
Faraday Future Among the headline developments this week was a series of in-person engagements at Faraday Future’s California headquarters. The company welcomed representatives from the Greater California Livery Association (GCLA), as well as delegations from Tier One suppliers, including key players from China. These meetings centered on product demonstrations, business development discussions, and feedback sessions related to the FF lineup—most notably, the FX Super One.
The FX Super One, described as a First-Class AI Multi-Purpose Vehicle (AI-MPV), was showcased in a ride-and-drive event tailored for GCLA members. According to Jia, the response was overwhelmingly positive, particularly because of the FX Super One’s luxury features, advanced AI integration, and unique market positioning. “It delivered a truly disruptive experience for GCLA board members and top-tier luxury transportation providers across California,” he said.
Jia emphasized that collaboration with GCLA and similar organizations could unlock sizable opportunities in the premium livery and fleet service sectors. By tapping into established networks of luxury transportation providers, Faraday Future sees a path toward expanding B2B sales of its FX product line nationwide.
In addition, FF plans to launch a new module next week under its B2B and Co-Creation Ecosystem Online Direct Sales model. This initiative will experiment with acquiring pre-orders through livestream e-commerce channels, particularly through collaboration with MCN (multi-channel network) agencies. Jia conveyed optimism about early traction in this area and promised to share tangible updates in the coming weeks.
Advancing Financial Strategy Under the S5 Capital Markets Framework
Jia also addressed the company’s efforts to bolster confidence in Faraday Future’s financial stewardship. A critical component of this is the management share purchase plan, which has garnered strong interest from shareholders. He confirmed that the company has engaged a U.S.-based brokerage with expertise in executive stock purchases and that several executives, including himself, have submitted paperwork to establish 10b5-1 plans.
A 10b5-1 plan allows insiders to purchase company stock in a compliant manner, typically through pre-arranged schedules and within open trading windows. Jia underscored the importance of adhering to SEC regulations, particularly avoiding any appearance of trading on material non-public information (MNPI).
“While these procedures may appear time-consuming,” Jia explained, “they are absolutely necessary to ensure fairness and transparency for all investors.” He committed to keeping shareholders informed on progress as approvals and transactions move forward.
Strengthening Government Relations Through Strategic Engagements
Under the S7 Capability and System Build-Up pillar, Faraday Future made headlines through high-level government engagement. FX CEO Max Ma attended the “America’s Revival” event at Mar-a-Lago, hosted at the private residence of former President Donald Trump. During the event, the FF 91 vehicle was prominently featured and reportedly made a strong impression among both political and business elites.
Ma participated in a private luncheon, where he discussed the strategic role of Faraday Future and its FX brand in bridging global markets, particularly between North America, China, and the Middle East. Topics such as tariff policy and subsidy frameworks were on the table, reflecting FF’s desire to position itself as a key stakeholder in the evolving landscape of international EV policy.
This follows recent meetings with senior White House staff, including Hailey Borden, Special Assistant to the President, reinforcing the company’s growing visibility at the intersection of industry and policy.
Confronting Challenges and Implementing Reforms
Jia also took a moment to candidly address ongoing challenges within the company, particularly related to financial reporting and internal controls. He pointed out that past delays in financial disclosures and hesitations in executive stock purchase implementation were tied to legacy issues in FF’s finance function.
To that end, a company-wide task force has now been formed to resolve these material weaknesses. This includes bolstering the finance and accounting team, bringing in external consultants, and accelerating upgrades in systems and procedures.
“After assuming the Co-CEO role, resolving these issues became one of my top priorities,” said Jia, expressing both urgency and confidence that these efforts will yield improvements in transparency, operational integrity, and investor trust.
Upcoming Milestones: BEYOND Expo, Middle East Expansion, and Product Rollouts
Looking ahead, Jia outlined a packed agenda for the following week, including his virtual keynote address at the BEYOND Expo 2025 B-GLOBAL Summit in Macau. Scheduled for May 22 (Beijing time), the speech will focus on the broader shifts shaping the future of mobility: from the rise of AI and Web3 to the transformation of traditional industries and ecosystems.
FX CEO Max Ma is set to join the conference in person and will participate in specialized panels that delve deeper into topics such as ecosystem integration, cross-border strategy, and regional policy alignment.
Meanwhile, another key update is expected from FF’s Middle East operations. A site event is planned at the regional facility, where the company will report progress and highlight upcoming deployment strategies.
A Broader Vision for Disruption in EV and Mobility
In closing, Jia reiterated Faraday Future’s commitment to building not just electric vehicles but a comprehensive intelligent mobility ecosystem. He framed the company as a “rare breed” in today’s EV landscape—one that is technologically sophisticated, globally minded, and relentlessly focused on long-term value creation.
“The pace has picked up, the team is firing on all cylinders, and more and more people are beginning to recognize the unique value of what we’ve built,” he said.
He signed off with a message of unity, energy, and anticipation: “See you all next week.”
As Faraday Future continues its bold journey to disrupt traditional mobility, these weekly updates offer a window into a company evolving rapidly through a blend of strategic vision, operational grit, and an unwavering focus on execution.
