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      Pre-Hour Momentum In Faraday Future (FFIE) Stock

      By Fahim Awan

      Published on

      December 27, 2023

      12:36 PM UTC

      Pre-Hour Momentum In Faraday Future (FFIE) Stock

      Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) shares are gaining momentum during the pre-market session today. As of the last check, the value of Faraday Future stock has risen by 2.39% to reach $0.35. Following a minor setback of 1.88%, FFIE stock concluded the preceding trading session at $0.34. This upswing in FFIE stock aligns with recent developments.

      In the previous week, Faraday Future (FFIE) successfully handed over an FF 91 2.0 Futurist Alliance Electric Vehicle (EV) to a dedicated FF employee. The recipient, Xiao Ma (Max), currently holds the positions of Head of Product and Mobility Ecosystem, as well as Head of Corporate Strategy at FF. This ceremonial handover unfolded at the Hanford manufacturing facility of the company.

      FFIE’s second delivery was orchestrated for Motev, a prominent player in eco-friendly luxury transportation services, operating a fleet of high-end vehicles in Southern California. Motev is set to integrate an FF 91 2.0 Futurist Alliance into their VIP fleet operations, representing the pinnacle of FF’s ultra-luxurious EV offerings for their esteemed clientele in Southern California.

      Motev plans to offer VIP chauffeur services utilizing the FF 91, leveraging marketing opportunities through events and social media activation. The collaborative effort will involve the collection of data on this innovative offering, culminating in a comprehensive case study for FF.

      FF will extend support to Motev through vehicle engineering and service team assistance, fostering ongoing optimization of the vehicle in a Co-Creation capacity. These latest deliveries of the FF 91 2.0 signify a novel Co-Creation prospect for FF within a Business-to-Business (B2B) framework.

      In a strategic move, FF is poised to introduce its generative artificial intelligence and cutting-edge intelligent electric vehicle capabilities to the Smart and Autonomous Vehicles Industry (SAVI) cluster in the capital of the UAE. Collaborating with the Abu Dhabi Investment Office (ADIO), FFIE aims to make a significant impact in this initiative.

      The recent unveiling of the limited-edition FF 91 2.0 Futurist aiFalcon model in the Middle East underscores FFIE’s commitment to establishing a presence in the burgeoning SAVI cluster, joining a select group of companies dedicated to this endeavor.

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