Faraday Future Outlines FX Super One Delivery Phases and Sales Targets

Faraday Future (FFAI) announced the production stages for the FX Super One will be laid out as follows: The first phase of delivery is expected to occur in Q2 of this year. It will primarily focus on deliveries to FX Par partners with a cap of 50 units. The second phase of delivery is expected to occur in Q3 of this year, delivering to industry leaders and B2B partners with a cap of 200 units. The third phase of delivery is expected to occur in Q4 of this year or Q1 of next year. This stage will initiate full-scale deliveries, marking the transition to FX's broad market rollout in the U.S. From 2027 onwards, sales targets of Super One are anticipated to include both BEV and hybrid extended range EV models, driving its volume to about 4,900 units in 2027, 18,000 units in 2028, 38,000 units in 2029, and 55,000 units in 2030. Regulatory and compliance certifications for Super One are progressing on schedule. Key component certifications have almost been completed. The company will complete vehicle-level EPA, CARB, and FMVSS-related homologation as planned by the third quarter of this year. To support the delivery milestones, FX will complete the build-out of the after-sales and charging services in Q2, including the underlying systems and operational framework. FF recently signed an agreement with Tesla (TSLA) that enables future FX vehicles to have direct access to Tesla's Supercharger network. FF's cumulative five-year production and sales target is 400,000-500,000 vehicles, primarily driven by FX Super One, a planned FX 4 model, and other planned models. Key target markets include the United States and the Middle East, where FX Super One deliveries have already begun. Based on its baseline business plan, the company is targeting to produce and sell approximately 250 units in 2026, scaling to approximately 5,000 units in 2027, and a ramp up more than approximately 22,000 units in 2028, approximately 130,000 units in 2029, and approximately 250,000 units in 2030 aligned with its model introductions and production volumes. The company aims to achieve positive earnings before interest, taxes, depreciation and amortization within three years, with an estimated target gross margin rate of 20%.