Highlights

  • Faraday Finance Inc. launched; financial license application filed with California DFPI.
  • BlackRock raises its stake in Faraday Future by roughly 26% to 6.8M shares.
  • FX Super One global debut scheduled for October 28 at the Burj Khalifa, Dubai.

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) issued its weekly business update from Founder and Global Co-CEO YT Jia, outlining recent progress in financing, manufacturing, and market expansion initiatives.

Jia announced the creation of Faraday Finance Inc., which has submitted its automotive finance license application to the California Department of Financial Protection and Innovation. The new entity plans to provide tailored financing and leasing programs for FF and FX buyers to enhance vehicle affordability and support sales growth.

The finance arm is also expected to strengthen financial asset management and cash flow efficiency, forming part of an integrated structure aimed at assisting customers throughout the ownership cycle.

Events and Product Development

Faraday Future showcased its FF 91 2.0 and FX Super One models at ComplexCon, a major pop-culture event held in Las Vegas that drew over 50,000 attendees.

The company confirmed that the first set of full parts procurement agreements for the FX Super One has been completed. Engineering and production teams recently reviewed readiness at the Hanford facility, focusing on achieving the first off-line vehicle milestone by the end of the year.

Jia described this as a pivotal moment marking the transition from design and testing to potential production, pending final approvals, agreements, and funding.

Capital Markets and Shareholder Activity

On the capital markets front, BlackRock—one of the world’s largest asset managers—expanded its ownership in Faraday Future. Based on U.S. SEC filings dated September 30, 2025, BlackRock now holds 6.8 million shares, up from 5.38 million in the prior quarter, reflecting an increase of about 1.41 million shares or 26%.

Strategic Partnership

Jia announced that the company has entered into a collaboration with a globally recognized sports legend, who will become the first global owner and Co-Creation Officer of FX Super One.

Crypto Operations Update

In its digital ecosystem initiatives, Faraday Future highlighted developments within its Crypto Flywheel. The company reported that QLGN established a partnership with BitGo and launched its first C10 Treasury allocations, following which daily trading volume surged to nearly USD 300 million.

About Faraday Future

Established in 2014, Faraday Future Intelligent Electric Inc. is a California-based electric mobility company developing advanced intelligent vehicles and connected mobility solutions.