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Highlights

  • $60,000 non-refundable deposit secures up to 180 FX vehicle deliveries for New PBB Auto
  • Total of 600 non-binding pre-orders submitted for Faraday Future’s FX Super One MPV
  • Vehicle production expected to begin by end of 2025, with AIHER powertrain to follow

Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) has entered into a new business-to-business (B2B) agreement with Los Angeles-based New PBB Auto Inc., involving a $60,000 non-refundable deposit and a non-binding pre-order for 600 units of its FX Super One multi-purpose vehicle (MPV). The agreement represents a continuation of Faraday’s effort to penetrate the Southern California market, which remains a key region for electric vehicle (EV) adoption in the U.S.

Under the terms of the agreement, New PBB Auto secures priority delivery rights for up to 180 FX units. These vehicles may be distributed to purchasers identified by the dealer, with additional payments required per unit. The remaining units under the 600-vehicle reservation could be allocated to other future clients referred by the company.

New PBB Auto, which has operated in Los Angeles for nearly a decade, will also act as a paid co-creation partner to support integration of the FX Super One's AI-based features. The FX is expected to debut as a pure EV, with a super AI hybrid extended range (AIHER) powertrain version to follow.

Production of the FX Super One is targeted to begin by the end of 2025. The agreement outlines a localized distribution approach, blending Faraday’s direct online sales model with New PBB Auto’s in-person, service-based dealership structure.

This collaboration aligns with Faraday’s plan to combine digital and physical retail ecosystems for greater customer access and experience. However, the pre-orders are non-binding, and any future conversion into actual purchases will depend on further commercial terms and market reception.

The deal adds to Faraday Future’s list of business-facing arrangements as it prepares to launch its next-generation vehicle. With California being the largest EV market in the country, the outcome of such regional partnerships will be key in evaluating the company’s near-term growth trajectory.