FARADAY FUTURE INTELLIGENT ELECTRIC INC. 8-K

What Happened
Faraday Future Intelligent Electric Inc. (through its SPV GlobeX AI Hong Kong Holding Limited) announced on Feb. 4, 2026 that it entered into a Strategic Cooperation Agreement and an Engineering Services Agreement with Hebei Huanzhou Automobile Sales Co., Ltd. The deals cover procurement of basic units/modules and engineering services to support R&D, trial production, mass production and after‑sales parts for a battery‑electric version of the FF Super One targeted for the U.S. market. The company issued a press release about the agreements on Feb. 10, 2026 and furnished the press release as Exhibit 99.1 in the 8‑K.

Key Details

• Agreements signed on Feb. 4, 2026 between GlobeX (a Faraday Future controlled SPV) and Hebei Huanzhou Automobile Sales Co., Ltd.
• Non‑refundable Advance Payment: RMB 300 million ($43.2M) required in full within six months of the signing; first installment RMB 80 million ($11.5M) due within 15 business days of signing.
• Additional payments: a further RMB 320 million (~$46.2M) tied to achievement of project milestones; per‑set procurement pricing and fees for parts/tooling development to be paid as agreed.
• Engineering services include cooperative development, parts/vehicle certification for U.S. standards, manufacturing development and implementation of equipment, and production management support. Other markets, powertrains or models would require separate agreements.

Why It Matters
The agreements commit Faraday Future (via GlobeX) to substantial, largely non‑refundable upfront and milestone payments to secure component supply and engineering support needed to homologate and produce the FF Super One for the U.S. That creates near‑term cash obligations and longer‑term procurement commitments tied to vehicle production. For investors, these are material commercial steps toward bringing a U.S. version of the Super One to market, but also represent concrete financial commitments that the company must fund.