Faraday Future's EAI-Crypto Platform Sees Growing Momentum in the UAE as Crypto Preorders Reach New Milestone
- Faraday Future appoints Nixon Cox, grandson of ex-U.S. President Nixon, as global strategic advisor to advance its "EAI + Crypto" strategy merging electric vehicles with blockchain. - UAE launch of FX Super One secured 200+ preorders, including a crypto transaction using USDT, marking a milestone in crypto-integrated sales. - Partnership with RAK Motors and strong investor confidence, including 36% shareholding increase by Vanguard, highlight growing momentum for the company's dual-track expansion. - Nix
Faraday Future Intelligent Electric Inc. has named Chris Nixon Cox, the grandson of former U.S. President Richard Nixon, as its global strategic advisor to help speed up the rollout of its "EAI + Crypto" initiative. This dual strategy merges electric autonomous intelligent (EAI) mobility with blockchain and cryptocurrency technology, as reported by
This announcement comes on the heels of robust preorder activity for the FX Super One model in the Middle East. After its debut in Dubai on October 28, the vehicle received more than 200 non-binding, non-refundable preorder agreements from B2B clients within a single day, including three significant contracts, according to a
Faraday Future’s "EAI + Crypto" initiative aims to blend premium electric vehicles with blockchain-based economic systems, a vision CEO YT Jia outlined at the launch event. "The Middle East is a crucial driver for our strategy," Jia remarked, highlighting the region’s role in connecting AI-powered mobility with blockchain advancements. The company’s larger goal is to broaden its FX series—which includes both hybrid and fully electric models—to appeal to a wider audience, especially in the mid- and lower-priced segments, as MarketScreener reported.
Investor sentiment seems to be on the rise. Vanguard, a leading global asset manager, disclosed that it held 7.1 million shares of Faraday Future’s NASDAQ-listed stock (FFAI) in the third quarter, up 36% from the previous quarter, according to a
With Nixon Cox’s expertise, Faraday Future is looking to strengthen its international presence while addressing regulatory and market complexities through its dual-focused strategy. The company’s continued progress in the UAE and its ability to replicate these achievements in other markets will be key to advancing its EAI and crypto initiatives globally.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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