Faraday Future's EAI-Crypto Platform Sees Growing Momentum in the UAE as Crypto Preorders Reach New Milestone

Faraday Future Intelligent Electric Inc. has named Chris Nixon Cox, the grandson of former U.S. President Richard Nixon, as its global strategic advisor to help speed up the rollout of its "EAI + Crypto" initiative. This dual strategy merges electric autonomous intelligent (EAI) mobility with blockchain and cryptocurrency technology, as reported by

. This appointment highlights the company’s intent to tap into influential political and financial networks to strengthen investor engagement, government alliances, and industry partnerships, according to MarketScreener. Nixon Cox, who sits on the board of the Richard Nixon Foundation and heads Lightswitch Capital, brings a wealth of experience in global finance and regulatory matters, which considers vital for its next stage of international expansion.

This announcement comes on the heels of robust preorder activity for the FX Super One model in the Middle East. After its debut in Dubai on October 28, the vehicle received more than 200 non-binding, non-refundable preorder agreements from B2B clients within a single day, including three significant contracts, according to a

. Notably, one of these preorders was completed using USDT (Tether), marking a significant step in Faraday Future’s adoption of cryptocurrency transactions, as detailed in a . The AIHEREV Max, the first FX Super One variant launched in the UAE, is listed at AED 309,000 (about $84,000), with more versions planned for future release phases, according to a . The company also revealed a collaboration with RAK Motors to manage sales and after-sales services in the UAE, aiming to build a comprehensive ecosystem from manufacturing to service in the region, as noted in a .

Faraday Future’s "EAI + Crypto" initiative aims to blend premium electric vehicles with blockchain-based economic systems, a vision CEO YT Jia outlined at the launch event. "The Middle East is a crucial driver for our strategy," Jia remarked, highlighting the region’s role in connecting AI-powered mobility with blockchain advancements. The company’s larger goal is to broaden its FX series—which includes both hybrid and fully electric models—to appeal to a wider audience, especially in the mid- and lower-priced segments, as MarketScreener reported.

Investor sentiment seems to be on the rise. Vanguard, a leading global asset manager, disclosed that it held 7.1 million shares of Faraday Future’s NASDAQ-listed stock (FFAI) in the third quarter, up 36% from the previous quarter, according to a

. The company also reported a jump in B2C preorders, including one completed with cryptocurrency, as part of its weekly investor communications.

With Nixon Cox’s expertise, Faraday Future is looking to strengthen its international presence while addressing regulatory and market complexities through its dual-focused strategy. The company’s continued progress in the UAE and its ability to replicate these achievements in other markets will be key to advancing its EAI and crypto initiatives globally.