/wam/ The Abu Dhabi Investment Office and Faraday Future Intelligent Electric Interconnected announced today their plans to provide advanced artificial intelligence industrial solutions and smart electric vehicle applications in the Abu Dhabi Emirate Smart and Autonomous Vehicle Industry (SAVI) complex.
Recently, Faraday Future has launched its limited edition electric vehicles model FF 91 2.0 aiFalcon in the Middle East region, aiming to enhance its presence in the growing Smart and Autonomous Vehicle Industry complex.
Faraday Future aims to design and manufacture new smart electric vehicles with the highest levels of technology and luxury. The company has developed a range of AI-based industrial products to fit into its cars.
As part of the agreement, Faraday Future will establish its regional headquarters and equip it with modern manufacturing, research, and development facilities focusing on the new generation of electric vehicles and AI technologies in Abu Dhabi Emirate. Additionally, they will explore funding opportunities for smart electric vehicle applications in the UAE.
Both parties will collaborate in developing regulatory systems to enhance manufacturing processes of solutions and applications for smart vehicles and self-driving vehicles.
The SAVI City Smart and Self-Driving Vehicle Industry Complex in Masdar City offers modern facilities and advanced services, along with an integrated organizational structure to support the design, testing, and manufacturing of intelligent and self-driving vehicles and their aerial, ground, and marine applications. The complex also provides services to other sectors like logistics.
Badr Salim Sultan Al Olama, Acting General Manager of the Abu Dhabi Investment Office, said, “The SAVI City Smart and Self-Driving Vehicle Industry Complex holds an advanced position in innovation in the air, ground, and marine transport sector, attracting ambitious companies capable of making new developments for sustainable transport. Faraday Future’s activities will enhance the performance of the electric vehicles sector in Abu Dhabi, as well as provide new experiences in additive artificial intelligence and shared smart mobility.”
Farday Future’s Research and Development Center in Abu Dhabi Emirate will be responsible for accelerating the development of artificial intelligence solutions and smart vehicles for transportation sector use. Additionally, the center will collaborate with universities in Abu Dhabi Emirate on joint projects for technical knowledge exchange.
According to Matthias Eidt, Global CEO of Faraday Future, he confirmed that their partnership with the Abu Dhabi Investment Office will have a positive impact on supporting the efforts of the SAVI City Smart and Self-Driving Vehicle Industry Complex and enhancing the use of smart and self-driving vehicle applications in the UAE, offering significant growth opportunities in business.
The company recently announced its plans to enter the UAE market in 2024 by launching the FF 91 2.0 Futurist aiFalcon model of its electric vehicles. This collaboration with the Abu Dhabi Investment Office is a significant step towards achieving this goal, reflecting the company’s global strategy success and the prestigious status of its technologies and products, especially acknowledging the UAE’s prominent position as one of the world’s top luxury car markets.
Jerry Wang, the CEO of Veriday Future Global Partners Limited, said, “We are delighted to support this collaboration and look forward to building a successful and long-term partnership, supporting the vision and activities of the Smart and Autonomous Vehicle Industry (SAVI). We thank our strategic partners and the board members of our operations in the Middle East, Sheikh Abdullah bin Mohammed Al Qasimi, the CEO of “Master” Investment Group, and Ahmed Khalaf Ahmed Khalaf Al Otaiba, the Chairman of Saraj Holding Company, for their valuable contribution.”
The Smart and Autonomous Vehicle Industry (SAVI) benefits from the significant industrial capabilities available in Abu Dhabi, and this group is an important part of the UAE’s strategy to increase the percentage of electric and hybrid vehicles to 50% of the total number of vehicles in the country by 2050.
The group also benefits from the exceptional location of the Emirate, allowing access to major air corridors, ground infrastructure, and global maritime ports. The group also includes academy facilities, testing areas, research and development labs, accreditation facilities, large workshops, aircraft hangars, and integrated industrial facilities connected to the global logistics network in Abu Dhabi.
Veriday Future has developed a limited model of the FF 91 2.0 Futurist aiFalcon car specifically tailored to meet the needs of the Middle East market. This model is expected to be launched in the UAE in 2024. It features specialized artificial intelligence technologies, direct communication with the 5G network, race training solutions, and many other unique features.
