Faraday Future Intelligent Electric Inc.

Greetings. Welcome to Faraday Future Intelligent Electric, Inc. Fourth Quarter 2022 Earnings. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. Please note this conference is being recorded. I will now turn the conference over to Charles Shea, Investor Relations. Thank you. You may begin.

Thank you and welcome to Faraday Futures' fourth quarter 2022 earnings call. We issued a press release reporting our fourth quarter and annual 2022 results this afternoon, March 8th, 2023. Joining the call today from Faraday Futures is our Global Chief Executive Officer, XF Chen, Matthias Eit, Global SVP of Product Execution, and our Chief Accounting Officer and Interim Chief Financial Officer, Yun Han. You can find a copy of the Q4 2022 press release now and a replay of this call later today in the investor relations section of our website, investors.ff.com. Please note that on this call, we will be making forward-looking statements based on current expectations and assumptions, which are subject to risks and uncertainties. These statements reflect our views only as of today, should not be relied upon as representative of views as of any subsequent date, and we undertake no obligation to revise or publicly release the results of any revision to these forward looking statements in light of new information or future events. These statements are subject to a variety of risks and uncertainties that could cause actual results to differ materially from expectations. For further discussion of the material risks and other important factors that could affect our financial results, please refer to our filings with the SEC. In addition, during today's call, Our management team will give their prepared remarks and answers to investors' questions in English. The translator will provide simultaneous Chinese translation, which can be accessed through investors.ff.com. All translations are provided for convenience only. In the case of any discrepancy, management's statement in English will prevail. With that, I will turn the call over to XF Chen, Global CEO of Faraday Future.

Thank you, Charles. And thanks to everyone for joining us today. This is my first earning call as a FF Global CEO, and I want to let you know that I plan to make it a priority to have consistent and open communications with investors moving forward. I would like to begin today's call with what is FF? FF is a pioneer of ultimate tech luxury, ultra-inspired market in the intelligent EV area, and a disruptor of the traditional ultra-luxury car civilization optimized by Ferrari and Maybach. FF is not just an EV company, but also a software-driving company of intelligent internet AI products. Ultimately, FF aims to become a user company by offering a shared intelligent mobility ecosystem. envision the growth of FF in three phases. Our phase one goal is to deliver to our global ultra-aspired users the FF91 Futurist Alliance, FF91 Futurist, and FF91 with high quality and high product power. Thereby, distributing traditional ultra-luxury brands like Ferrari, Maybach, Royce, Royce, and Bentley, and ultimately become the top leaders in the global SPIRE user market. We are in the process of developing our five-year business plan. The company's goal is to create a profitable business with operating cash flow breakeven in 2025. As we introduced more upcoming WECO models, the user ecosystem will begin to take shape and we expect our hardware revenue will grow, and the equal revenues, which include internet, apps, software, and sharing, will also grow as well. Our phase two goal is to establish ourselves as a major player in the high-value user market. During phase three, FF intends to sustain the growth of its hardware revenue and equal revenue. which we believe will constitute an increasingly substantial portion of the overall profit. With this mid to long-term strategic plan, we aim to rapidly grow the company to become a $10 billion, then $50 billion, then $100 billion company in the future. Let's look at a brief company overview of where we stand today. our upcoming start of production milestone, and our go-to-market plans. Matthias will then provide an overview of the FF91 future risks, and Vinh will present a review of our financials. Update to Q1 2023. Fundraising and other actions we are taking to ensure a strong Friday future. 2022 was a tough year with several challenges for the company. But despite the challenges, our unwavering commitment to our vision persisted, putting this path behind us. FF stands stronger today than ever. We have also made significant improvements to our board to align with the stakeholder interests and brought in new key management hires such as VIN, our Chief Accounting Officer and Interim Chief Financial Officer, Mike Beck, our Interim General Counsel, as well as moving me from our China operations to now leading Fargate Futures global business. The new FF today is fully aligned from shareholder level to employee level, all for the of the company and its shareholder interests. Over the past three months, I have seen the unparalleled dedication of the FF team and the hard work they put into the company. We are excited to introduce the FF91 Futurist in the coming months, which marks a significant milestone in Faraday Futures' goal to become a revenue-generating company this year. Now, I would like to take a few moments to talk about our manufacturing efforts being undertaken at our Hanford CA factory, or the IE factory, California, as we refer to it, which is a foundation for the ultimate intelligent tech luxury FF91 filters. This factory covers a row spanning 1.1 million square feet and will have an initial production capacity of 10,000 cars annually. On the staff side, we are intensifying recruitment and training, which will support our start of production. We have also set up a launch team consisting of cross-functional colleagues who will be temporarily moved to Hanford to support the manufacturing and provide immediate assistance for any potential issue. Back in September of 2021, highlighted six milestones needed to reach the start of production of the FF91 field test at our manufacturing plant in Hanford. Since then, the FF team has worked diligently to complete all six of the necessary production milestones, including the initial installation of our pilot equipment, the completion of the factory foundation construction, to most recently. finalizing a major construction and installation in our SOP vehicle manufacturer area. In addition to the aforementioned production milestones, we are confident to reach our first start of production milestone number seven by March 30, 2023, assuming timely receipt of funds from our investors, which we will talk about more later. We will host the FF91 Futurist final launch event on April 26, and we look forward to your participation. Building such an innovative car is no small task. We are in close communication with our participants. We strive to maintain a high level of quality assurance throughout all production stages. Furthermore, we seek to actively engage with suppliers and other strategic partners to capitalize on their expertise in optimizing the supplier process and ensuring that our vehicles meet the high-risk standard. Internally, we have initiated the supplier champions project, where we have assigned one of our vice presidents for each supplier relationship to ensure our alignment. I want to take the opportunity to thank all our suppliers for their continuous commitment and support. As we prepare to commence a delivery by end of April, assuming timely receipt of funds from our investors and the suppliers meeting our supply chain requirements, I also want to talk a little bit about our go-to-market strategy. FF focuses on co-creation in our go-to-market strategy. redefining how user and the partners interact with company to generate higher efficiency, higher value, and a bridging user to our mobility ecosystem. We have started inviting early adopters to experience the vehicle performance through the field trust product officer program. FPOs are invited to experience the FF91 field trust and provide direct feedback to FF team and improve future vehicle through the co-creation progress. FPOs will enjoy value sharing based on the quality of the feedback and ideas on the product. We are reaching out to candidates to join FF Spire Club, which is a group of units who share the same mission with FF and who would like to co-create value in the FF mobility ecosystem through exclusive tech luxury branding and experiential events, social media sharing, and invitation-only referral programs. Spire Club members will share the benefits of creating a new mobility ecosystem by leveraging their circle of influence. We will launch FF91 Futurist through our direct sales model, where users can place orders online and are also able to experience our costs as FF's safe owned and partner owned showrooms and experiences. FF's O2O sales and service platform allow partners to integrate seamlessly in our sales and service solution. With our direct sales model, FF has fulfilled the necessary direct sales licensing requirements to operate as a leading auto luxury OEM. We have started our flagship brand experience center project in Beverly Hills and look forward to showcasing our car there soon. Through the operation of our own distribution network, FF can efficiently handle the customer relationship and provide a fully seamless, and transparent sales journey for our users. Our retail strategy will be focused on establishing our presence in the top 20 cities across primary regions worldwide. Our initial 2023 sales efforts will begin in the LA metro region, followed by the San Francisco Bay area, and subsequently the New York metro region, In China, our initial sales efforts will begin with Shanghai and Beijing. Additionally, we are exploring potential opportunities to launch our product in Europe and the Middle East markets as it aligns with our product positioning and cutters to the growing demand for ultra-luxury vehicles in the regions. To help ensure exceptional service for our customers, We will be launching a fleet of mobile service ones to provide Council Earth level service. Additionally, service hub located in K geographic area will provide a comprehensive network of warranty service and repair capabilities. I take great pride in acknowledging the commendable efforts put forth by the FF team. Their perseverance has enabled us to advance our strategic initiatives despite facing numerous challenges. I'm eagerly anticipating the journey ahead as we continue to pursue our growth path and strive towards enhanced stockholder value. Now, I would like to turn the call over to Matthias. Thanks, Xie.