US Stock Market Move | The first batch of FX prototype cars' development and testing phase officially started. Faraday Future Intelligent Electric, Inc. (FFIE.US) surged over 12%.

On Wednesday, Faraday Future Intelligent Electric, Inc. (FFIE.US) saw a significant increase in stock price, rising by 12.6% to $1.43. In terms of news, on November 20th, Faraday Future (Faraday Future Intelligent Electric, Inc.) announced on their official Weibo account that the first batch of FX prototypes had successfully arrived at FF's China headquarters. These vehicles will depart from Beijing and head to FF's headquarters in Los Angeles, marking the official start of the development and testing phase for this model. Previously, Faraday Future Intelligent Electric, Inc. mentioned in their third quarter 2024 financial report that the third quarter of 2024 was an important development milestone for the company, as they launched their second brand, Faraday X (FX). The FX brand is aimed at the mass market and plans to introduce two models: the FX5 and FX6. The target price for the former is between $20,000 and $30,000, while the target price for the latter is between $30,000 and $50,000.