Faraday Future and Grow Fandor Forge Exclusive Strategic Licensing Collaboration, a Potential New Growth Driver
Faraday Future Intelligent Electric Inc. - Class A (FFIE)
Company Research
Source: Business Wire
FF has received the initial $250,000 annual license fee.The anticipated economic benefits for FF from this collaboration include a royalty fee equal to the greater of (a) 50% of the annual net profit from FF and FX ecosystem products and (b) 5% of net sales revenue from all relevant brand ecosystem products.FF will not be required to contribute any resources for development of branded products. LOS ANGELES--(BUSINESS WIRE)--Faraday Future Intelligent Electric Inc. (Nasdaq: FFIE) (“FF”, “Faraday Future”, or the “Company”), a California-based global shared intelligent electric mobility ecosystem company, today announced a comprehensive strategic licensing agreement with Grow Fandor, an IP commercialization company. As FF’s exclusive licensee for ecosystem products, Grow Fandor will manage the design, development, sales, and operations for certain ecosystem products bearing the FF and Faraday X (FX) brands. This collaboration has the potential to become a new growth driver for FF.Und
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News
- First FX Prototype Mules Set to Be Shipped to FF’s U.S. Headquarters, Kicking Off the Product Development and Testing PhaseBusiness Wire
- Faraday Future and Grow Fandor Forge Exclusive Strategic Licensing Collaboration, a Potential New Growth Driver [Yahoo! Finance]Yahoo! Finance
- FF Successfully Signs Definitive Agreements with Top OEMs, Kicking Off the Product Research Phase for Delivery of Two Models Targeted to Roll Off by End of 2025 [Yahoo! Finance]Yahoo! Finance
- FF Successfully Signs Definitive Agreements with Top OEMs, Kicking Off the Product Research Phase for Delivery of Two Models Targeted to Roll Off by End of 2025Business Wire
- Faraday Future’s FX Subsidiary Appoints Xiao (Max) Ma Global CEO of Faraday XBusiness Wire
FFIE
Sec Filings
- 11/19/24 - Form 8-K
- 11/18/24 - Form 4
- 11/18/24 - Form 4
- FFIE's page on the SEC website