- As a key milestone in the Company’s ongoing efforts against alleged illegal short selling, FF has formally submitted a Regulatory Referral Letter to the U.S. Securities and Exchange Commission (SEC), requesting the SEC’s attention and investigation into alleged illegal and violative conduct targeting FF.
- As an integral part of the upgraded five transformation initiatives the Company has been driving since YT Jia was acknowledged and appointed as Global CEO, FF will continue to pursue legal and regulatory channels to protect the legitimate rights and interests of the Company and its stockholders.
Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) (“Faraday Future,” “FF,” or the “Company”), a California-based global Embodied AI (EAI) ecosystem company, today announced a significant development in its ongoing effort to combat alleged illegal short selling and market manipulation. The Company has formally submitted a Regulatory Referral Letter to the U.S. Securities and Exchange Commission (SEC), requesting that the SEC review and investigate alleged illegal and violative conduct identified by the Company.
Faraday Future Submits Regulatory Referral Letter to the SEC, Advancing Fight Against Alleged Illegal Short Selling and Market Manipulation Including Alleged Conduct by Hua Qixin and Associates
In the course of its sustained efforts against alleged illegal short selling, FF has identified and preserved relevant evidence. The Company believes this information indicates the continued presence of potential illegal market manipulation targeting FF’s stock performance — including alleged conduct by Hua Qixin and associates involving the dissemination of false information, defamatory statements, investor misdirection, and deliberate market panic. The Company believes such activities are designed to distort investor understanding of FF’s true business fundamentals and long-term value, while causing material harm to the Company and its stockholders.
The submission of this Regulatory Referral Letter to the SEC represents a key component of the upgraded five transformation initiatives the Company has been driving since YT Jia was acknowledged and appointed as Global CEO. Internally, FF is accelerating its comprehensive transformation across five areas: strategy; product, technology and business; finance; capital; and FF’s AI operating system. Externally, the Company will pursue increasingly decisive, proactive, and systematic legal and regulatory actions to combat alleged illegal short selling, disinformation, and market manipulation, putting “Stockholders First” into concrete practice.
“We have the confidence, the evidence, and the determination to continue protecting the interests of the Company, our stockholders, and long-term investors through lawful and compliant means,” said YT Jia, Faraday Future’s Founder and Global CEO. “The Company will continue to employ every necessary judicial and regulatory tool to safeguard an open, fair, and law-abiding capital market environment, so that FF’s market value more accurately reflects the Company’s business fundamentals and long-term value.”
FF emphasizes that it respects lawful market activity and the legitimate expression of investment views. However, the Company firmly opposes any conduct that allegedly involves misrepresentation, malicious defamation, market misdirection, manipulation of investor sentiment, or violations of U.S. securities laws and regulations. The Company will continue to work with its legal counsel and relevant authorities and reserves the right to pursue further legal action in the United States, China, and other applicable jurisdictions.
The Company also reiterates its call to stockholders, investors, and the public: anyone with leads or evidence related to alleged illegal short selling, dissemination of false information, illegal market manipulation, or other conduct harmful to FF and its investors is encouraged to submit such information to the Company’s investor relations email at ir@ff.com. All credible leads will be reviewed in accordance with applicable law, and the Company will continue to advance related actions to the fullest extent permitted.
ABOUT FARADAY FUTURE
Founded in 2014, Faraday Future (FF) is a U.S.-based Physical AI ecosystem company dedicated to reshaping the future of robotics and mobility solutions through AI innovation and technologies. FF focuses on two major product strategies within the Embodied AI (EAI) robotics business: EAI humanoid and bionic robots, and EAI automotive-focused robots. By building a Three-in-One ecosystem of “Device, Data, EAI Brain & Open-Source and Open Platform,” FF aims to create an evolutionary flywheel: scaled device delivery, data collection and training, continuous evolution of the EAI Brain, stronger product capability, and even larger-scale delivery and deployment. Through this flywheel, FF seeks to maximize its commercial value and lead to the advancement of Physical AI. For more information, please visit Faraday Future’s official website: https://www.ff.com/
