Jia Yueting’s Automotive Venture Inks Sweeping Deal with Hebei Firm, Propelling FX Super One Toward Volume Production and Market Launch
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Author:小编   

On February 11, Faraday Future (FF) unveiled the execution of a comprehensive accord with Hebei Huanzhou Automobile Sales Co., Ltd., centered on the engineering services essential for the volume production of the FX Super One, an all-electric vehicle model. The objective is to hasten the model’s compliance certification and extensive delivery within the U.S. market, thereby securing the attainment of this year’s SOD (Start of Delivery) milestone. The two entities inked seven pivotal agreements, encompassing aspects such as component sourcing, engineering services, and intellectual property licensing, while also delineating the scope of engineering services, ownership of intellectual property, and after-sales frameworks. Furthermore, both parties have expressed a collaborative intent for the development of three vehicle models, including the FX 4, with plans to delve deeper into negotiations regarding subsequent development strategies, project timelines, and pricing structures. FF’s founder and Co-CEO, Jia Yueting, remarked that this agreement signifies a pivotal juncture for the FX Super One as it advances toward full-fledged volume production.