ADIO and Faraday Future unleash generative AI and advanced EVs for Abu Dhabi's SAVI cluster
04 December 2023 - 10:02PM
Business Wire
- Faraday Future exploring establishing a regional HQ and
manufacturing and advanced R&D facilities in Abu Dhabi
- Agreement signed during COP28
The Abu Dhabi Investment Office (ADIO) and the California-based
global shared intelligent electric mobility ecosystem company
Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) ("Faraday
Future", “FF” or "Company") today announced that FF is set to bring
its generative AI and advanced intelligent electric vehicle
capabilities to the UAE capital’s Smart and Autonomous Vehicles
Industry (SAVI) cluster. Faraday Future, which recently launched
its limited-edition FF 91 2.0 Futurist aiFalcon model in the Middle
East, joins a growing cohort of companies committing to
establishing a presence in the SAVI cluster.
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the full release here:
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The Abu Dhabi Investment Office (ADIO)
and Faraday Future Intelligent Electric Inc. today announced that
FF is set to bring its generative AI and advanced intelligent
electric vehicle capabilities to the UAE capital’s Smart and
Autonomous Vehicles Industry (SAVI) cluster. (Photo: Business
Wire)
Headquartered in Los Angeles, FF designs and engineers
next-generation intelligent electric connected vehicles focused on
Ultimate Intelligent TechLuxury. The company has developed a
generative AI product stack for use in its cars. ADIO will work
with FF as it looks to establish a regional headquarters,
manufacturing facility and an advanced research and development
(R&D) centre focusing on next-generation electric vehicle and
AI technology in Abu Dhabi and exploring UAE capital markets
activities. ADIO and FF will also deploy resources to develop
leading regulatory frameworks that enhance the creation of advanced
smart autonomous vehicle solutions and applications.
Centred in Masdar City, Abu Dhabi’s fully integrated SAVI
cluster provides state-of-the-art facilities, services, and
regulatory enablement to enable the design, testing, and
manufacturing of applications for transportation and mobility on
air, land and sea, as well as to service other sectors such as
logistics.
Badr Al-Olama, Director General of ADIO, said: “SAVI
stands at the forefront of innovation across air, land and sea
mobility. The cluster is attracting exceptional companies with both
the ambition and the ability to disrupt and reshape the future of
transportation. FF will deepen Abu Dhabi’s EV industry while
bringing new expertise in generative AI and shared intelligent
mobility.”
FF’s Abu Dhabi R&D centre will look to accelerate the pace
of AI and electric vehicle innovation for mobility applications. It
will also explore collaborations and technology transfer
initiatives with universities across Abu Dhabi.
"This collaboration with ADIO to support SAVI’s efforts helps to
explore both joint brand product and partnership opportunities in
the UAE and will build on the company’s momentum,” said Matthias
Aydt, Global CEO of FF. “In addition to our recently announced
plans to enter the UAE market as early as 2024 with FF 91 2.0
Futurist aiFalcon model, this agreement is a strong first step
toward realising that goal. We believe this development further
validates FF's global strategy plans and our products and
technology, given that the UAE is one of the top luxury markets in
the global automotive industry.”
“We are very excited to be able to support this collaboration.
We really appreciate FF strategic partners and FF Middle East board
members, Sheikh Abdulla Al Qassimi, CEO of Master Investment Group
and Mr. Ahmed Al Otaiba, Chairman of Siraj Holding LLC for their
great contributions. We look forward to a successful long-term
partnership and bringing unique value to support SAVI’s vision and
development,” said Jerry Wang, President of FF Global Partners
LLC.
Abu Dhabi’s SAVI cluster builds on the strength of Abu Dhabi’s
industrial base and supports the UAE’s target of half of all cars
on the roads being electric by 2050. SAVI leverages Abu Dhabi’s
unparalleled access to established air corridors, road
infrastructure and global seaports. The cluster houses academia,
test zones, R&D labs, testing and certification facilities,
large scale workshops, hangars, manufacturing facilities, connected
through Abu Dhabi’s global logistics network.
Faraday Future’s limited-edition model FF 91 2.0 Futurist
aiFalcon has been tailored to the Middle East market, with delivery
targeted in 2024. It features 1-on-1 bespoke private AI, Super AP
5G connectivity, racing training, and premium identity
features.
About ADIO
The Abu Dhabi Investment Office (ADIO) enables local, regional
and international investors to thrive and grow in the UAE capital
through its close collaboration with government partners, sovereign
investors, and national champions. ADIO is Abu Dhabi's premier
platform that empowers the private sector to grow, partner and
compete globally by providing access to growth opportunities,
strategic partnerships and new markets across key sectors that
range from real estate and infrastructure, to industries and
agribusiness, enhancing the nation’s investment in talent,
innovation and sustainability.
With a growing network of global offices, investors can contact
ADIO by visiting its head office in Abu Dhabi or international
offices located in Beijing, Frankfurt, London, New York, Paris, San
Francisco, Seoul, and Tel Aviv.
Visit https://www.investinabudhabi.gov.ae/ for more
information.
ABOUT FARADAY FUTURE
Faraday Future is the pioneer of the Ultimate AI TechLuxury
ultra spire market in the intelligent EV era, and the disruptor of
the traditional ultra-luxury car civilization epitomized by Ferrari
and Maybach. FF is not just an EV company, but also a
software-driven intelligent internet company. Ultimately FF aims to
become a User Company by offering a shared intelligent mobility
ecosystem. FF remains dedicated to advancing electric vehicle
technology to meet the evolving needs and preferences of users
worldwide, driven by a pursuit of intelligent and AI-driven
mobility.
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version on businesswire.com: https://www.businesswire.com/news/home/20231204704046/en/
Investors (English): ir@faradayfuture.com Investors (Chinese):
cn-ir@faradayfuture.com Media: john.schilling@ff.com
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