Faraday Future joins hands with Middle Eastern capital! Will build manufacturing base in Abu Dhabi.

Faraday Future forms partnership with Middle Eastern investors; to establish production facility in Abu Dhabi.

【PhoneAuto News】Recently, PhoneAuto noticed that the American electric car company Faraday Future announced on its official website its plan to establish a regional headquarters, production base, and advanced research and development center in Abu Dhabi, United Arab Emirates, bringing its “Generative AI technology and Extreme Intelligence top luxury AI electric vehicle” to the local smart driving car industry cluster (SAVI).

The press release states that Faraday Future has signed relevant agreements with the Abu Dhabi Investment Office (ADIO) during the 28th Conference of Parties (COP28) of the United Nations Framework Convention on Climate Change. As the host of COP28, the United Arab Emirates hopes to take this opportunity to further promote the transformation and upgrading of its energy structure. The electric car company founded by Jia Yueting stated that ADIO will work with Faraday Future to expand opportunities in the UAE capital market. ADIO will also allocate resources to jointly develop leading industry regulatory frameworks with the company, promoting the development of advanced intelligent autonomous driving solutions and applications.

Two weeks ago, Faraday Future also held a strategic press conference in Abu Dhabi, where they signed strategic cooperation agreements with Master Investment Group and Siraj Finance LLC, officially entering the Middle East market. At that time, the company also launched the FF 91 2.0 Futurist aiFalcon limited edition customized for the Middle East market, which will be delivered by 2024.

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Some analysts believe that the forward-looking electrification strategy of the United Arab Emirates, along with its strong purchasing power, is attracting some global new energy vehicle companies to enter the market. Earlier this year, the United Arab Emirates released the “National Electric Vehicle Policy” and approved the “National Energy Strategy 2050 Update” to enhance the country’s global competitiveness in the energy field.

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