Faraday Future To Open First Regional Facility In Middle East: But Retail Remains Bearish

Shares of EV maker Faraday Future Intelligent Electric Inc. (FFAI) traded nearly 1% higher in Friday’s pre-market after the company held a formal handover ceremony for its first regional facility in Ras Al Khaimah, United Arab Emirates, signifying its official landing in the Middle East region.

Earlier this week, a lease agreement was signed between Ras Al Khaimah Economic Zone and Faraday Future Middle East FZ-LLC. The new facility, which has 108,000 square feet of space, will have an office, engineering workshop, and operational hub, the California-based company said.

The facility will support the Faraday Future brand and potential Faraday X models. It will also serve as a center for operations across the Gulf Cooperation Council (GCC) countries and employ up to 200 people.

Faraday X is the company’s second brand, aimed at the broader market with middle-to-low price range offerings, as opposed to the Faraday Future brand, which caters to luxury-oriented customers.

Operations at the new site are expected to start in the second half of 2025. Faraday Future said that the company is looking to establish regional research and development capabilities and a localized supply chain anchored in Ras Al Khaimah in the longer term.

Last month, FFAI said that the recent tariff developments under the Trump administration may have a short-term impact on its Faraday X strategy, but will be a strategic opportunity in the mid-to-long term. The first vehicle from Faraday X is expected to roll out by year-end.

While Faraday X plans to source components internationally in the early phase, the company said it is committed to progressively shifting to U.S.-based suppliers.

On Stocktwits, retail sentiment around FFAI remained unmoved within ‘bearish’ territory over the past 24 hours while message volume remained ‘low’.

FFAI stock is down by about 69% this year and 98% over the past 12 months.

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