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DUBAI - Faraday Future Intelligent Electric Inc. (NASDAQ:FFAI) received over 200 paid preorders for its FX Super One vehicle within 24 hours of its Middle East launch event, the company announced Friday.
The California-based electric vehicle maker officially opened sales in the UAE on Monday at Dubai's Armani Hotel in Burj Khalifa. The company reported that three business-to-business partners placed non-binding, non-refundable preorders covering more than 200 units.
Faraday Future also noted that one customer completed a preorder using cryptocurrency, paying 1,385 USDT (Tether), equivalent to 5,093.95 AED.
The first model launching in the Middle East is the AIHEREV Max, priced at 309,000 AED. The company plans to introduce additional variants later, with the FX Super One series eventually featuring both hybrid and all-electric power systems across multiple trim levels.
During the launch event, Faraday Future announced that soccer player Andrés Iniesta would serve as the first global owner and "Co-Creation Officer" for the FX Super One.
"Our next step is to begin the first batch of vehicle deliveries in November," said Tin Mok, Head of FF UAE, according to the press release.
UAE customers can secure priority delivery with a 5,000 AED deposit through the company's website.
Faraday Future, founded in 2014, positions the FX Super One as a luxury intelligent mobility vehicle designed for families, business leaders, and professionals. The company's flagship model remains the FF 91, while the newer FX strategy aims to target a broader market with more affordable offerings.
The information in this article is based on a company press release statement.
In other recent news, Faraday Future Intelligent Electric Inc. has made significant strides with its recent activities. The company completed a $41 million strategic investment in Qualigen Therapeutics, acquiring approximately 55% ownership of the clinical-stage cancer treatment developer's pro forma common stock. This investment was primarily led by Faraday Future with a contribution of $30 million, alongside an additional $4 million investment from the company's Founder and Global Co-CEO YT Jia, who secured roughly 7% ownership. This move is part of Qualigen's strategic shift to become a Web3 and crypto-focused business, with plans to rebrand as CXC10.
Additionally, Faraday Future unveiled its FX Super One vehicle at a launch event in Dubai, where soccer legend Andrés Iniesta was announced as the first global owner. The vehicle, described as an Electric AI Multi-Purpose Vehicle, is set for initial deliveries in the Middle East starting in November. These developments indicate Faraday Future's expanding influence in both the electric vehicle and biotech sectors.
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