Faraday Future releases a video interview with 'Top Users' and also announces an employee incentive plan: cash or equity awards

According to this website’s news on August 24, Faraday Future released the latest corporate news on its official Weibo. It released the company’s interview video with Sandra Button, chairman of the Pebble Beach Auto Show, and announced an employee Incentive Plan.

▲ Picture source Faraday Future official Weibo

We learned from Faraday Future’s Weibo post that Justin Bell will Hosting interviews with Faraday Future. He is the second batch of "top users" of the FF 91 2.0 Futurist Alliance and the FF developer co-creator. Mr. Bell also interviewed FF founder and CPUO ("Chief Product and User Ecology Officer") Jia Yueting, and FF product and travel ecology leader Ma Xiao

▲ Picture source Faraday Future official Weibo

In the interview, FF founder and CPUO Jia Yueting said: "We are very happy to join this event, which is one of the most famous luxury car shows in the automotive industry. . As a company focusing on electric vehicles and artificial intelligence, we hope that FF can be a bridge to the future at the Pebble Beach Auto Show. Under the concept of All-Ability aiHypercar, FF aims to pass our FF 91 2.0 Futurist Alliance Become an industry leader. Faraday Future is about breaking traditional concepts and redefining the future value of the automotive industry."

In addition to releasing the interview video, Faraday Future also announced the revision of its previously approved agreement with the Incentive plan for executives and employees related to the second phase delivery plan.

▲ Picture source Faraday Future’s official Weibo

FF stated in the article that employees who joined the company before July 1, 2023 Employees will receive cash bonuses and equity incentive rewards based on specific conditions such as the latest delivery milestones. In the company's view, employees are FF's core assets, and close integration with core employees and executives through equity incentives is particularly important for achieving the company's mid- to long-term strategic goals. This incentive helps ensure the stability and continued development of the FF core team in the increasingly fierce competition for talent.

According to Faraday Future’s previously announced financial report, the company’s net loss in the second quarter was US$125 million (approximately RMB 910 million), compared with a net loss of US$142 million (approximately RMB 1.034 billion) in the same period last year. billion) decreased compared with the previous year. As of the end of the second quarter, the company's total cash was US$17.89 million (approximately RMB 130 million) and total current assets were US$106 million (approximately RMB 772 million)

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