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ONTARIO, Calif. - Nature’s Miracle Holding Inc. (OTCQB:NMHI) has placed a non-binding pre-order for 1,000 FX Super One multi-purpose vehicles from Faraday Future Intelligent Electric (NASDAQ:FFAI), a company currently valued at $202 million market cap, in a deal valued at up to $100 million, according to a press release statement issued Tuesday.
The pre-order is subject to Nature’s Miracle securing financing for the purchase. Delivery of the vehicles is expected to begin by the end of 2025 and continue into 2026.
Hydroman Electric Corporation, a subsidiary of Nature’s Miracle, will handle distribution of the vehicles to consumers. The companies have also entered into a co-creation agreement to facilitate brand exposure among various audiences.
The FX Super One is described as an affordable mass market multi-purpose vehicle that will be built in Hansford, California. The vehicle will be available with all-wheel drive and two powertrain options: battery electric and a later-planned AI hybrid extended range configuration.
Nature’s Miracle operates in the Controlled Environment Agriculture industry, providing products and services to growers in the United States. The company trades on the OTCQB market under the symbol "NMHI."
Faraday Future, founded in 2014, is one of four EV manufacturers based in the United States. The company focuses on the design, manufacture, and sale of electric vehicles and multi-purpose vehicles, with its stock trading on Nasdaq under the symbol "FFAI."
In other recent news, Faraday Future Intelligent Electric Inc. has disclosed that it received a Wells Notice from the U.S. Securities and Exchange Commission, indicating potential enforcement action against the company and several executives. The potential charges are related to alleged violations of anti-fraud provisions of federal securities laws. Meanwhile, Faraday Future has secured approximately $105 million in new cash financing, which includes $82 million from unsecured convertible notes and warrants, and an additional $22 million from previous investors. This funding comes as the company prepares for the launch of its FX Super One vehicle.
Additionally, Faraday Future has amended a significant agreement with its investors, as per its latest SEC filing. This amendment modifies conditions related to the registration of shares and the timing of subsequent closings in a Securities Purchase Agreement initially filed in March 2025. The company has also announced an "FFAI Investor Community & FX Developer Co-Creation Day" at its headquarters, featuring a keynote by Founder Yueting Jia, to foster collaboration within the investor community. Furthermore, Faraday Future has set a date for an exclusive stockholder event, intended to showcase its latest innovations in electric vehicle technology and intelligent mobility solutions. The event will be available via livestream for those unable to attend in person.
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