- \n
- \nFFR has completed its acquisition of FFAI\u2019s robotics business and issued and delivered common shares and non-voting convertible preferred shares to Smart Technology Holdings Ltd., a subsidiary of FFAI, as transaction consideration. Following the October 23, 2026 closing, FFR shares trading on Nasdaq represent a company that now includes FF Robotics\u2019 business and assets. Following the transaction, FFR continues trading on Nasdaq as a pure-play humanoid and bionic Physical AI robotics ecosystem company built around \u201cFour-Core Full-Stack AI.\u201d<\/p>\n<\/li>\n
- \nFFR believes it has become the No. 1 in K\u201312 robotics education in the U.S., FFR\u2019s next goal is to become the No. 1 company in robotics education nationwide, rank among the top three in the Physical AI robotics industry and become one of the most valuable companies in the Physical AI era.<\/p>\n<\/li>\n
- \nFFR has completed changes to its Board and management team, appointing YT Jia as CEO, Jerry Wang as Executive Chairman, and Chen Shi as Lead Independent Director, and Jason E. Dodier as independent director.<\/p>\n<\/li>\n
- \nFFR announced three new strategic partnerships: with well-known California-based professional services company KYA GROUP, California Science and Technology University, and with Pinnacle, one of Southern California\u2019s leading real estate brokerages.<\/p>\n<\/li>\n
- \nFFR issued full-year 2026 guidance for the first time, expecting sales and shipments of approximately 2,000 robots for the acquired robotics business on a standalone full-year basis, with continued positive unit gross margins on robot deliveries. The guidance reflects management\u2019s confidence in near-term performance and growth prospects, and its determination to accelerate efforts to maximize value for stockholders.<\/p>\n<\/li>\n<\/ul>\n
\n\u00a0<\/p>\n
NEW YORK–(BUSINESS WIRE<\/a>)–
\nFaraday Future Intelligent Electric Inc. (NASDAQ: FFAI) (\u201cFFAI\u201d or \u201cFaraday Future\u201d), a California-based global Embodied AI (EAI) ecosystem company, today provided an update following FF EAI Robotics Ecosystem Inc. (NASDAQ: FFR) (\u201cFFR\u201d), a U.S.-based Embodied AI robotics company, announced at the deal closing and its first Investor Day event in New York that it had completed its acquisition of FFAI\u2019s robotics business and related assets on October 23, 2026. The related business operations and assets have been transferred to FFR, and FFR has issued and delivered common shares and non-voting convertible preferred shares to Smart Technology Holdings Ltd., a subsidiary of FFAI, as transaction consideration. Following the transaction, FFR continues trading on Nasdaq as a pure-play company focused on humanoid and bionic Physical AI robotics within a \u201cFour-Core Full-Stack AI\u201d ecosystem.<\/p>\nThis press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20261026032491\/en\/<\/a><\/p>\n
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<\/p>\nFaraday Future Announces Completion of FFR\u2019s Acquisition of FFAI Robotics Business, Establishing a Nasdaq-Listed Humanoid and Bionic Robotics Platform October Robot Sales Expected to Exceed 300 Units; Unveils FF OmniMind, a Unified AI Brain for All Robots<\/p>\n<\/div>\n
\nWatch Video: https:\/\/youtu.be\/RmJ-wYDK_9Y<\/a><\/p>\n
FFR Completes Board and Management Changes; YT Jia Appointed CEO<\/b><\/p>\n
\nFFR has completed changes to its Board and management team. YT Jia will serve as CEO, Jerry Wang as Executive Chairman, and Chen Shi as Lead Independent Director, and Jason E. Dodier as independent director. YT Jia has voluntarily chosen not to increase his cash compensation in connection with his new role at this stage, as a step to align his personal interests with those of FFR and its stockholders.<\/p>\n
\nAs the first U.S. company to deliver both humanoid and bionic robots, FFR is working to turn its first-mover advantage into a competitive lead. In less than a year, FFR has taken initial steps toward building a complete \u201cFour-Core Full-Stack AI\u201d ecosystem and developing distinct EAI technology strengths, including its \u201cOne Brain, All Robots; Multi-Forms, Multi-Capabilities\u201d approach. FFR has completed Phase One of its \u201cBuilt in USA\u201d Acceleration Program, and FF Robot World 2.0 is now complete.<\/p>\n
\n\u201cWe believe FFR has become the No. 1 provider of K\u201312 robotics education in the United States, and will soon become the No. 1 company in robotics education nationwide. Over the next five years, our goal is to rank among the top three companies in the Physical AI robotics industry overall and to become one of the most valuable EAI companies in the Physical AI era,\u201d said YT Jia, CEO of FFR and Global CEO of FFAI.<\/p>\n
FFR Unveils FF OmniMind, a Unified AI Brain Powering All Robotic Forms Under \u201cOne Brain, All Robots; Multi-Forms, Multi-Capabilities\u201d<\/b><\/p>\n
\nFFR\u2019s four-core ecosystem is advancing across the EAI Brain and Developer Platform, EAI Devices, Industry Productivity Solutions, and EAI Data Factory. FFR is also advancing development across its four industry ecosystems: Education and Research; Security and Inspection; Industrial and Logistics; and Commercial and Services.<\/p>\n
\nFFR announced that the brand name for FF Brain is FF OmniMind. Guided by the \u201cOne Brain, All Robots; Multi-Forms, Multi-Capabilities\u201d philosophy, OmniMind comprises foundation models, motion control, and skills. Together, these components form a unified AI brain designed to work across robotic forms, tasks, and scenarios, empower robots, and support the transition from task-specific autonomy toward general-purpose autonomy.<\/p>\n
\nFor the EAI Devices core, FFR expects October sales and shipments to exceed 300 robots, setting a new monthly record for the acquired robotics business. By the end of October, cumulative sales and shipments are expected to exceed 1,100 robots. FFR continues to deliver robots at positive unit gross margins.<\/p>\n
\nFor the Industry Productivity Solutions core, the security and inspection solution has entered the proof-of-concept stage with an initial group of customers and industry partners. For the EAI Data Factory core, FFR continues to deliver egocentric data and receive payments for those deliveries. The Company is also advancing large-scale data deliveries to leading AI and robotics customers.<\/p>\n
\nIn addition, FFR believes that RoboShare is becoming the robot-sharing platform with the North America\u2019s largest fleet and widest variety of robots.<\/p>\n
\n\u201cFour-Core Full-Stack AI\u201d products and technologies primarily serve the Education and Research ecosystem, Security and Inspection ecosystem, Industrial and Logistics ecosystem and FFR\u2019s Commercial and Services ecosystem.<\/p>\n
FFR Announces Strategic Partnerships with KYA GROUP, California Science and Technology University and Boston International Business School, and Pinnacle<\/b><\/p>\n
\nAt the event, FFR announced three strategic partnerships: a partnership with KYA GROUP; a comprehensive strategic partnership with California Science and Technology University and Boston International Business School to establish the BIBS-FF-CSTU Joint Robotics Lab; and a partnership with Pinnacle.<\/p>\n
\nFFR\u2019s strategic partnership with California-based professional services company KYA GROUP is intended to help FFR reach U.S. federal government and large institutional markets. KYA GROUP serves the U.S. government procurement, education, security, and public infrastructure sectors, with a broad customer network and experience in large-scale projects. Third-party data indicates that KYA GROUP has more than 1,000 government procurement-related records in California involving more than 200 public agencies. A KYA GROUP affiliate holds a U.S. General Services Administration Multiple Award Schedule contract covering 23 approved procurement categories. The collaboration is intended to support access to federal procurement opportunities and create new opportunities for FFR\u2019s EAI robotics products in government procurement markets.<\/p>\n
\nFFR has also entered into a comprehensive strategic partnership with California Science and Technology University and Boston International Business School. The parties plan to establish the BIBS-FF-CSTU Joint Robotics Lab.<\/p>\n
\nFFR has partnered with Pinnacle, one of Southern California\u2019s leading real estate brokerages, on B2B real estate brokerage solutions and B2C home security solutions.<\/p>\n
FFR Issues 2026 Full-Year Guidance for the First Time<\/b><\/p>\n
\nBased on its current business progress and momentum, FFR issued full-year 2026 guidance for the first time. The acquired robotics business expects sales and shipments of approximately 2,000 robots on a standalone full-year 2026 basis, while maintaining positive unit gross margins on robot deliveries. This standalone full-year guidance includes periods before the acquisition and does not represent FFR\u2019s reported consolidated results for 2026; FFR will include the acquired business\u2019s results in its consolidated financial statements only from the October 23, 2026 closing date.<\/p>\n
\nThe guidance reflects management\u2019s confidence in FFR\u2019s near-term performance and growth prospects, as well as its determination to accelerate efforts to maximize value for stockholders.<\/p>\n
\nIn its five-year business plan outlook, FFR projects 2027 revenue of approximately $45.2 million, including $32.5 million from the EAI Devices core and $12.7 million from the other three ecosystem cores, and EAI Device sales of approximately 7,400 units. Over the next five years, the outlook projects cumulative revenue of approximately $1.98 billion, including approximately $1.08 billion from the EAI Devices core and $900 million from the other three ecosystem cores, and cumulative EAI Device sales of approximately 133,000 units. These projections are subject to significant uncertainties and are not guarantees of future performance.<\/p>\n
\nFFR also invited people with expertise in Physical AI, particularly AI brain technology, marketing and sales, and business development, to join FFR and work with its team to advance technology and create value across the industry.<\/p>\n
ABOUT FARADAY FUTURE<\/b><\/p>\n
\nFounded in 2014, Faraday Future (FF) is a U.S.-based Physical AI ecosystem company dedicated to merging the future of robotics and mobility solutions through AI innovation and technologies. Following the completion of the transfer of its robotics business to FF EAI Robotics Ecosystem Inc. (FFR), Faraday Future is upgrading into a Robotaxi and EAI Cabin (Intelligent cabin) shared mobility operations company and a Physical AI investment holding company. Evolving its automotive business from an EV manufacturer to a Robotaxi Sharing Network and AI Visicabin technology operator. FF aims to advance its \u201cFour Future Trends\u201d concept, once again helping to drive automotive-industry transformation. For more information, please visit Faraday Future’s official website: https:\/\/www.ffai.com\/<\/a><\/p>\n
FORWARD LOOKING STATEMENTS<\/b><\/p>\n
\nForward-looking statements regarding Faraday Future Intelligent Electric Inc. are subject to risks and uncertainties, including its ability to continue as a going concern, improve its liquidity and financial position, obtain financing, execute its business strategy, commercialize products and maintain compliance with Nasdaq listing requirements.<\/p>\n
\nThis press release contains forward-looking statements regarding Faraday Future within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the anticipated benefits of the transaction to Faraday Future and the value of its interest in FFR. These statements are subject to risks and uncertainties, including those described under ‘Risk Factors’ in Faraday Future’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.<\/p>\n
\nAll statements, whether written or oral, other than statements of historical fact, including any financial projections and any statements regarding future events, Faraday Future\u2019s and FFR\u2019s strategy, the disposition of the robotics business, the projections referenced in this communication and the anticipated benefits and timing of the foregoing, Faraday Future\u2019s and FFR\u2019s objectives, expectations, or anticipated actions or results, are forward-looking statements. You can often identify forward-looking statements by words such as \u201cmay,\u201d \u201cmight,\u201d \u201cwill,\u201d \u201cshall,\u201d \u201cshould,\u201d \u201cexpects,\u201d \u201cplans,\u201d \u201canticipates,\u201d \u201ccould,\u201d \u201cintends,\u201d \u201ctargets,\u201d \u201cprojects,\u201d \u201ccontemplates,\u201d \u201cbelieves,\u201d \u201cestimates,\u201d \u201cpredicts,\u201d \u201cpotential,\u201d \u201cgoal,\u201d \u201cobjective,\u201d \u201cseeks,\u201d \u201clikely,\u201d or \u201ccontinue,\u201d or the negative of these terms or other similar expressions; the absence of these words does not mean a statement is not forward-looking.<\/p>\n
\nThese statements are based on current expectations, estimates and assumptions and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Such risks include the risk that FFR\u2019s standalone guidance and longer-term projections are not achieved; FFR\u2019s ability to successfully integrate and operate the acquired business; and Faraday Future\u2019s ability to achieve its business objectives, obtain additional financing, maintain compliance with Nasdaq listing requirements, compete effectively, manage its liquidity position and execute its strategic transition.<\/p>\n
\nAdditional risks and uncertainties are described in Faraday Future\u2019s filings with the SEC, including its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and subsequent filings available at www.sec.gov<\/a>. Forward-looking statements are based on assumptions with respect to FFAI\u2019s and FFR\u2019s management\u2019s future and current expectations are not guarantees of future performance and speak only as of the date of this release. Except as required by applicable law, Faraday Future undertakes no obligation to update these statements.<\/p>\n
<\/p>\n
View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20261026032491\/en\/<\/a><\/span><\/p>\n
\nInvestors (English): ir@ff.com
\n<\/a>
Investors (Chinese): cn-ir@faradayfuture.com
\n<\/a>
Media: john.schilling@ff.com<\/a><\/p>\nKEYWORDS:<\/b> New York United States North America<\/p>\n
INDUSTRY KEYWORDS:<\/b> Technology EV\/Electric Vehicles Automotive Software Hardware Autonomous Driving\/Vehicles Robotics Data Management Artificial Intelligence<\/p>\n
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