Faraday Future Intelligent Electric Inc., a California-based global shared intelligent electric mobility ecosystem company, today announced that the Company's wholly owned subsidiary, Faraday X (FX), has signed definitive agreements relating to two planned products with top original equipment manufacturers (OEMs). These collaborations aim to jointly advance plans and the first phase of execution for the development, testing, regulatory compliance, supply chain, and production planning of the two models.

U.S.-listed shares of the company rose 13% in premarket trading.

These OEMs could serve as top-tier parts suppliers for FX, providing key components for two FX vehicles. This marks significant progress for FX and the Global Automotive Industry Bridge Strategy, giving FX the opportunity, subject to securing necessary funding, to establish a globally competitive supply chain and significantly shorten the delivery cycle to meet the strategic goal of rolling out the first model by the end of 2025.