Faraday Future Strengthens EV Leadership, Appoints Former Ford Executive to Lead Global R&D


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Faraday Future (Nasdaq: FFIE) has appointed Dr. Lei Gu as President of FX Global EV Research and Development Center and Vehicle Line Executive for the FX 6. Dr. Gu brings over two decades of automotive R&D experience, having held senior positions at Ford Motor Company, Chery Automobile, and BAIC Group.

In his new role, Dr. Gu will oversee overall EV R&D, including powertrain, body, chassis, interior and exterior, and thermal management. He will work closely with the IAI (Internet, Autonomous Driving, Intelligence) R&D team to deliver innovative EV solutions. The company aims to leverage his expertise in mobilizing global resources and talent to advance FF’s business strategies for the FX brand.

Faraday Future (Nasdaq: FFIE) ha nominato Dr. Lei Gu come Presidente del Centro di Ricerca e Sviluppo Globale per VE FX e Direttore della Linea Veicoli per l’FX 6. Il Dr. Gu porta con sé oltre due decenni di esperienza nella R&D automobilistica, avendo ricoperto ruoli di responsabilità presso Ford Motor Company, Chery Automobile e BAIC Group.

Nel suo nuovo ruolo, il Dr. Gu supervisionerà la R&D complessiva dei VE, inclusi powertrain, carrozzeria, telaio, interni ed esterni, e gestione termica. Lavorerà a stretto contatto con il team di R&D IAI (Internet, Guida Autonoma, Intelligenza) per fornire soluzioni innovative per i VE. L’azienda punta a sfruttare la sua esperienza nel mobilitare risorse e talenti globali per avanzare le strategie aziendali di FF per il marchio FX.

Faraday Future (Nasdaq: FFIE) ha nombrado al Dr. Lei Gu como Presidente del Centro de Investigación y Desarrollo Global de VE FX y Ejecutivo de Línea de Vehículos para el FX 6. El Dr. Gu aporta más de dos décadas de experiencia en I+D automotriz, habiendo ocupado cargos senior en Ford Motor Company, Chery Automobile y BAIC Group.

En su nuevo rol, el Dr. Gu supervisará toda la I+D de VE, incluyendo tren motriz, carrocería, chasis, interiores y exteriores, y gestión térmica. Trabajará en estrecha colaboración con el equipo de I+D de IAI (Internet, Conducción Autónoma, Inteligencia) para ofrecer soluciones innovadoras para los VE. La empresa busca aprovechar su experiencia en la movilización de recursos y talento global para avanzar las estrategias comerciales de FF para la marca FX.

파라데이 퓨처 (Nasdaq: FFIE)는 Dr. Lei Gu를 FX 글로벌 전기차 연구개발 센터의 사장 및 FX 6의 차량 라인 임원으로 임명했습니다. Dr. Gu는 포드 자동차, Chery Automobile, BAIC 그룹에서 고위직을 역임한 20년 이상의 자동차 R&D 경험을 가지고 있습니다.

새로운 역할에서 Dr. Gu는 전기차 R&D를 전반적으로 감독하며, 전동기, 차체, 섀시, 내부 및 외부, 열 관리 등을 포함합니다. 그는 혁신적인 전기차 솔루션을 제공하기 위해 IAI(인터넷, 자율주행, 인공지능) R&D 팀과 긴밀히 협력할 것입니다. 회사는 FX 브랜드의 사업 전략을 발전시키기 위해 글로벌 자원과 인재를 mobilize하는 데 그의 전문성을 활용하고자 합니다.

Faraday Future (Nasdaq: FFIE) a nommé Dr. Lei Gu en tant que Président du Centre de Recherche et Développement Global pour les VE FX et Responsable de la Ligne de Véhicules pour le FX 6. Dr. Gu apporte plus de vingt ans d’expérience en R&D automobile, ayant occupé des postes de direction chez Ford Motor Company, Chery Automobile et BAIC Group.

Dans son nouveau rôle, Dr. Gu supervisera la R&D globale des VE, y compris le groupe motopropulseur, la carrosserie, le châssis, l’intérieur et l’extérieur, ainsi que la gestion thermique. Il travaillera en étroite collaboration avec l’équipe R&D IAI (Internet, Conduite Autonome, Intelligence) pour fournir des solutions innovantes pour les VE. L’objectif de l’entreprise est de tirer parti de son expertise pour mobiliser des ressources et des talents mondiaux afin de faire avancer les stratégies d’affaires de FF pour la marque FX.

Faraday Future (Nasdaq: FFIE) hat Dr. Lei Gu zum Präsidenten des FX Global EV Research and Development Center und Fahrzeuglinienexecutive für den FX 6 ernannt. Dr. Gu bringt über zwei Jahrzehnte Erfahrung in der Automobil-Forschung und -Entwicklung mit, nachdem er leitende Positionen bei Ford Motor Company, Chery Automobile und BAIC Group innehatte.

In seiner neuen Rolle wird Dr. Gu die gesamte EV-Forschung und -Entwicklung leiten, einschließlich Antriebsstrang, Karosserie, Fahrwerk, Innen- und Außenbereich sowie Wärmemanagement. Er wird eng mit dem IAI (Internet, Autonomes Fahren, Intelligenz) F&E-Team zusammenarbeiten, um innovative EV-Lösungen zu liefern. Das Unternehmen möchte sein Fachwissen nutzen, um globale Ressourcen und Talente mobil zu machen, um die Geschäftsstrategien von FF für die Marke FX voranzutreiben.

Positive

  • Appointment of highly experienced automotive executive with over 20 years of R&D expertise
  • Strategic addition to strengthen product development capabilities
  • Enhanced global resource management potential through leader with international experience

12/04/2024 – 12:01 AM

  • Dr. Gu will be responsible for executing the FF and FX vehicle development strategy and driving the success of the products for both brands.

  • Dr. Gu’s career includes senior roles at Ford Motor Company in the U.S., as well as President of the Automobile Engineering Research Institute at Chery Automobile, and President of the Global Engineering and Research Institute at BAIC Group in China.

LOS ANGELES–(BUSINESS WIRE)–
Faraday Future Intelligent Electric Inc. (Nasdaq: FFIE) (“FF”, “Faraday Future”, or the “Company”), a California-based global shared intelligent electric mobility ecosystem company, today announced that Dr. Lei Gu, a pioneering figure in China’s automotive industry and an expert in vehicle development and safety technology, will join FF as President of FX Global EV Research and Development (R&D) Center and Vehicle Line Executive (VLE) for the FX 6.

Faraday Future Appoints Veteran Automotive Technology Expert and Industry Leader Dr. Lei Gu to President of FX Global EV R&D Center (Photo: Business Wire)

Faraday Future Appoints Veteran Automotive Technology Expert and Industry Leader Dr. Lei Gu to President of FX Global EV R&D Center (Photo: Business Wire)

Dr. Gu will focus his efforts on the overall EV R&D, which includes powertrain, body, chassis, interior and exterior, and thermal management, etc. Together, the IAI (Internet, Autonomous Driving, Intelligence) R&D team and the EV R&D team collaborate closely on delivering solutions that redefine the overall EV experience.

Dr. Gu joins FF with over two decades of extensive experience in automotive R&D and management, having held prominent roles in U.S., Chinese and international corporations. His deep understanding of the automotive sector, combined with his expertise in technology and management, qualifies him to oversee the FF and FX EV product development. FF intends to leverage his experience with mobilizing global resources and talent to progress FF’s business strategies for the FX brand and enhance the Company’s product strength.

At Ford Motor Company in the U.S., Dr. Gu focused on the research and experimental management of vehicle structure safety and passenger protection systems. His leadership in optimization and reliability earned him a reputation as a leader in automotive collision safety.

In China, Dr. Gu held key roles such as President of the Automobile Engineering Research Institute at Chery Automobile, Vice President and Chief Technology Officer of BAIC Motor, and President of the Global Engineering and Research Institute at BAIC Group, where he was instrumental in the development and acquisition of core automotive technologies. He received his PhD from Northwestern University at Evanston, Illinois.

“We are confident that Dr. Gu’s arrival will significantly elevate both FF and FX’s product development in our target markets,” said Matthias Aydt, Global CEO of FF. “His leadership will be pivotal in building a team that integrates class-leading products, global talents, innovative technology, and manufacturing, propelling FF and FX towards a leadership position in the EV market.

ABOUT FARADAY FUTURE

Faraday Future is the pioneer of the Ultimate AI TechLuxury ultra spire market in the intelligent EV era, and the disruptor of the traditional ultra-luxury car civilization epitomized by Ferrari and Maybach. FF is not just an EV Company, but also a software-driven intelligent internet Company. Ultimately FF aims to become a User Company by offering a shared intelligent mobility ecosystem. FF remains dedicated to advancing electric vehicle technology to meet the evolving needs and preferences of users worldwide, driven by a pursuit of intelligent and AI-driven mobility.

FORWARD LOOKING STATEMENTS

This press release includes “forward looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements, which include statements regarding Dr. Gu’s anticipated contributions to FF and FX, FF and FX product development, and FF and FX market positioning, are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements.

Important factors, among others, that may affect actual results or outcomes include, among others: the Company’s ability to secure the necessary funding to execute on the FX strategy, which will be substantial; the Company’s ability to secure agreements with OEMs that are necessary to execute on the FX strategy; the Company’s ability to continue as a going concern and improve its liquidity and financial position; the Company’s ability to pay its outstanding obligations; the Company’s ability to remediate its material weaknesses in internal control over financial reporting and the risks related to the restatement of previously issued consolidated financial statements; the Company’s limited operating history and the significant barriers to growth it faces; the Company’s history of losses and expectation of continued losses; the success of the Company’s payroll expense reduction plan; the Company’s ability to execute on its plans to develop and market its vehicles and the timing of these development programs; the Company’s estimates of the size of the markets for its vehicles and cost to bring those vehicles to market; the rate and degree of market acceptance of the Company’s vehicles; the Company’s ability to cover future warranty claims; the success of other competing manufacturers; the performance and security of the Company’s vehicles; current and potential litigation involving the Company; the Company’s ability to receive funds from, satisfy the conditions precedent of and close on the various financings described elsewhere by the Company; the result of future financing efforts, the failure of any of which could result in the Company seeking protection under the Bankruptcy Code; the Company’s indebtedness; the Company’s ability to cover future warranty claims; the Company’s ability to use its “at-the-market” program; insurance coverage; general economic and market conditions impacting demand for the Company’s products; potential negative impacts of a reverse stock split; potential cost, headcount and salary reduction actions may not be sufficient or may not achieve their expected results; circumstances outside of the Company’s control, such as natural disasters, climate change, health epidemics and pandemics, terrorist attacks, and civil unrest; risks related to the Company’s operations in China; the success of the Company’s remedial measures taken in response to the Special Committee findings; the Company’s dependence on its suppliers and contract manufacturer; the Company’s ability to develop and protect its technologies; the Company’s ability to protect against cybersecurity risks; and the ability of the Company to attract and retain employees, any adverse developments in existing legal proceedings or the initiation of new legal proceedings, and volatility of the Company’s stock price. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the Company’s Form 10-K filed with the SEC on May 28, 2024, as amended on May 30, 2024, and June 24, 2024, as updated by the “Risk Factors” section of the Company’s first quarter 2024 Form 10-Q filed with the SEC on July 30, 2024, and other documents filed by the Company from time to time with the SEC.

Investors (English): [email protected]

Investors (Chinese): [email protected]

Media: [email protected]

Source: Faraday Future Intelligent Electric Inc.

FAQ

Who is Dr. Lei Gu and what is his new role at Faraday Future (FFIE)?

Dr. Lei Gu is a veteran automotive technology expert who has been appointed as President of FX Global EV R&D Center and Vehicle Line Executive for the FX 6 at Faraday Future. He will oversee EV R&D operations including powertrain, body, chassis, and thermal management.

What is Dr. Lei Gu’s previous work experience before joining Faraday Future (FFIE)?

Dr. Lei Gu previously held senior positions at Ford Motor Company in the U.S., served as President of the Automobile Engineering Research Institute at Chery Automobile, and was President of the Global Engineering and Research Institute at BAIC Group in China.

What will be Dr. Lei Gu’s main responsibilities at Faraday Future (FFIE)?

Dr. Gu will be responsible for executing FF and FX vehicle development strategy, overseeing overall EV R&D, and collaborating with the IAI team to deliver innovative EV solutions while advancing business strategies for the FX brand.


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