Faraday Future's subsidiary Faraday X signs product development and delivery agreement with top OEM

Faraday Future's subsidiary Faraday X (FX) has signed a product development and delivery agreement with a top OEM. The two parties will jointly promote the implementation plan of vehicle development, testing, regulations, supply chain and production manufacturing. The OEM will become the main parts supplier of FX. This move marks an important progress in FX's construction of a globally competitive supply chain system, which will help achieve the strategic goal of rolling off the first model by the end of 2025.