A Differentiated and Compelling Investment Opportunity

Operational Benchmarking at IPO / Announcement T+2-T+5 Revenue CAGR where T = 0 is Year of IPO / Announcement Recent Electric Vehicle SPACS Recent Battery SPACS 450% 249% 180% 92% 85% Faraday Future I Canoo Fisker 2022E- 2025E 2022E- 2025E 2022E- 2024E Electric Vehicle OEMs 59% 68% 38% 38% 39% Lordstown Quantum Scape Romeo Tesla ΝΙΟ Xpeng Li Auto 2025E- 2028E 2022E- 2025E T+4 EBITDA margin where T = 0 is Year of IPO / Announcement Recent Electric Vehicle SPACS 2012E- 2015E 2020E 2023E - 2022E- 2025E 2022E- 2024E Recent Battery SPACS Electric Vehicle OEMs 22.3% 18.9% 20.9% 13.1% 10.8% 8.7% 10.4% NA Faraday Future ! Canoo Fisker Lordstown Quantum Scape Romeo Tesla 25.2% 25.0% 20.5% 17.0% 14.5% 16.0% 9.2% 10.0% 5.6% 6.8% 8.1% NA NIO Xpeng Li Auto 2024E 2025E I 2024E 2025E Source: Note: Company filings, investor presentations, Wall Street Research and FactSet. Financial projections assume transaction close in Q1 2021. 2021 FARADAY FUTURE 2027E 2028E 2024E 2025E 2014E 2015E 2022E 2023E 2024E 2025E 47 ㅋㅋ PROPRIETARY AND CONFIDENTIAL

View entire presentation