On December 4th, Faraday Future (FF) and Abu Dhabi Investment Office (ADIO), listed on NASDAQ, announced that they had signed a cooperation agreement during the 28th United Nations Climate Change Conference, Faraday will bring its generative AI technology and extremely intelligent technology luxury AI electric cars to the Smart Driving Vehicle Industry Cluster (SAVI) in Abu Dhabi, the capital of the United Arab Emirates, in the future. Faraday Future recently released a limited edition FF 91 2.0 Futurist aiFalcon model in the Middle East to join the growing SAVI industry cluster.
ADIO will collaborate with Faraday in the future, seeking to establish a regional headquarters, manufacturing factory, and advanced research and development center in Abu Dhabi, focusing on next-generation tram and AI technology, and expanding opportunities in the UAE capital market. ADIO will also allocate resources and work with Faraday to develop a leading industry regulatory framework in the future to promote the development of advanced intelligent autonomous vehicle solutions and applications. Faraday Future Abu Dhabi R&D Center will be committed to accelerating the innovation pace of AI and electric vehicles in the field of travel applications. In addition, the company will also explore opportunities for cooperation and technology transfer with various universities in Abu Dhabi.
The integrated SAVI industrial cluster located in Abu Dhabi is centered around the city of Masdar, with advanced facilities, services, and regulatory environment, providing design, testing, and manufacturing support for sea, land, air transportation, travel applications, and other industries including logistics. Faraday Future has developed a generative AI product stack suitable for in car scenarios.
Badr Al Olama, Director General of the Abu Dhabi Investment Office, said, "SAVI is at the forefront of innovation in sea, land, and air travel. This industry cluster is attracting outstanding companies with the determination and ability to disrupt and reshape future travel. FF will deepen the development of Abu Dhabi's tram industry while bringing new technological backgrounds in generative AI and shared intelligent travel."
Matthias Aydt, Global CEO of Faraday Future, stated: This collaboration with the Abu Dhabi Investment Office to support SAVI will help Faraday explore opportunities for joint development of branded products and collaborations in the UAE in the future, and will consolidate the company's growth momentum. Faraday Future recently announced that it will enter the UAE market and will launch the FF 91 2.0 Futurist aiFalcon in 2024. This collaboration is a solid first step towards Faraday's future goal. Faraday Future believes that, The United Arab Emirates is one of the important luxury car markets in the global automotive industry, and this progress further validates Faraday's future global strategic planning, products, and technology
The limited edition model FF 91 2.0 Futurist aiFalcon of Faraday's future is tailored specifically for the Middle East market and is expected to be delivered in 2024.