- Faraday Future (FFAI, Financial) secures a 600-unit pre-order agreement for its FX Super One MPV with New PBB Auto.
- The deal includes a $60,000 non-refundable deposit for priority delivery of up to 180 vehicles.
- Collaboration explores New PBB Auto as the first FX Par strategic partner in Los Angeles.
Faraday Future Intelligent Electric Inc. (FFAI), an innovative player in the electric vehicle segment, has announced a significant advancement in its business strategy with a binding deposit agreement for 600 units of its FX Super One MPV. This agreement is with New PBB Auto Inc., a prominent automotive service provider based in Los Angeles.
New PBB Auto has made a $60,000 non-refundable deposit, which secures priority delivery for up to 180 units of the FX Super One MPV. This commitment marks a crucial step in Faraday Future's penetration into the critical California electric vehicle market, where demand is robust.
The collaboration does not end with the pre-order. Faraday Future and New PBB Auto are also discussing deeper ties, with the potential for New PBB Auto to become the first FX Par strategic partner in the Los Angeles area. This development is part of a broader strategy to enhance the reach of Faraday Future's innovative co-creation ecosystem and direct sales model.
The FX Super One, expected to launch as a pure electric vehicle with a hybrid extended range option to follow, promises to deliver a superior user experience through cutting-edge technologies and luxury features. The first model is slated to roll off the production line by the end of this year.
This partnership underscores Faraday Future's strategic efforts to localize its sales and provide premium electric vehicle experiences, leveraging New PBB Auto's established presence and service excellence in the Los Angeles metro area.
