Faraday Future Intelligent Electric Inc【FFAI】株式ニュース

Faraday Future Founder and Global CEO YT Jia Shares Weekly Investor Update: Announces the Company’s Comprehensive Transformation Across Five Areas: Strategy; Product, Technology and Business; Finance; Capital; and FF’s AI Operating SystemMay 17, 2026 6:26 PM
Business Wire Company’s goal is to become one of the top three robotics companies in North America within five years by real-world deployment volume in EAI humanoid and bionic robots and becoming a leader in the North American EAI MPV market with EAI automotive robots. New $25 million in financing combined with the $45 million announced in April, for a total of $70 million in financing over the past two months, will fully support the Phase 1 (by end of 2026) objective of the Company’s EAI robotics strategy. Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) (“Faraday Future”, “FF” or the “Company”), a California-based global Embodied AI (EAI) ecosystem company, today shared a weekly business update from YT Jia, Founder and Global CEO of FF. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260517296928/en/Faraday Future Founder and Global CEO YT Jia Shares Weekly Investor Update: Announces the Company’s Comprehensive Transformation Across Five Areas: Strategy; Product, Technology and Business; Finance; Capital; and FF’s AI Operating System “Dear investors, stockholders, and Futurists, I hope this message finds you well. Ten days ago, FF celebrated its 12th anniversary. Last week, after seven years, I returned to the role of Global CEO of FF. Two days ago, FF completed its latest round of $25 million financing. With $70 million in financing raised recently, we believe this is enough to support the first-phase strategic goals of our robotics business. Today, standing at the forefront of a new wave of industrial revolution, I release this letter to all of you with great excitement and a deep sense of purpose. Our goal is to lead the team, over the next two years, to finally realize the dream that FF has been fighting for over the past 12 years. With AI First and Stockholders First as our core principles, we will build the Three-in-One ecosystem strategy around EAI, and truly rebuild FF into a Physical AI ecosystem company. This is a mission we must win. There will be no excuses. After years of life-and-death struggles, major ups and downs, and hard-earned lessons, FF’s differentiated advantages and value in this new wave of industrial competition have become even more clear. We must seize this momentum. Through five new transformations, we will move quickly to strengthen the Company’s five unique values: First, the value created by FF becoming the first U.S company to sell and deliver both humanoid and bionic EAI robots, and by our full ramp-up toward scaled deployment. We aim to take the lead in large-scale deployment across real-world use cases and strengthen our first-mover advantage. Second, the value created by the continuous evolution of the EAI Brain and Developer Platform. Third, the value created by real-world data from the EAI Data Factory. In the AI era, core competitiveness is not only about models and computing power. It is also about the ability to collect real-world, high-frequency, multi-dimensional data. Fourth, the value created by FF’s role as a global EAI industry bridge, especially in cost and efficiency. FF connects the world’s most advanced technology chain, the highest-quality industrial chain, and the most valuable users and use cases. This bridge can help deeply integrate global industrial resources, create stronger coordination, and amplify value. Fifth, the value created by strategic vision and focus. Together, the four values above — the Three-in-One ecosystem plus the global EAI industry bridge — will form the evolutionary flywheel of the EAI ecosystem. This is our most important long-term value and competitive moat. On execution, compared with Tesla, one of the leading companies in Embodied AI, FF has six clear points of differentiation:
1. Ecosystem model: FF combines in-house development, an open-source and open developer platform, and a data factory. Tesla follows a full-stack in-house development model, with data mainly used within its own ecosystem.
2. EAI device portfolio: FF offers robots in three humanoid forms and multiple bionic forms. Tesla is focused on one general-purpose humanoid robot.
3. Price range: FF offers a disruptive entry price starting at $10,000, while Tesla is expected to start at approximately $20,000 to $30,000.
4. First-phase market: FF is pioneering the education market and building deep capabilities in B2C family education. Tesla is focused on B2B industrial applications.
5. Technology Approach: FF combines a general-purpose EAI Brain with use-case-specific profession. Tesla focuses on a generalized universal brain.
6. Capital investment: FF combines core in-house AI development with its Bridge model, creating a more asset-light path. Tesla follows a full-stack in-house development model that requires heavier capital investment. Next, we will carry out a comprehensive transformation across five areas: strategy; product, technology and business; finance; capital; and our AI operating system. We will move forward in three major stages — 2026, the next two years, and the next five years — to maximize FF’s five unique values. I. Strategic Transformation: FF has officially upgraded into a U.S.-based Physical AI ecosystem company. Guided by the AI First principle, FF is focused on EAI robotics technology and two major product engines: EAI humanoid and bionic robots, and EAI automotive robots. We are building three major sub-strategies: EAI Devices, EAI Data Factory, and EAI Brain & Open-Source and Open Platform. Together, they form the Three-in-One EAI ecosystem, creating an evolutionary flywheel effect and maximizing commercial value. Our goal is to become one of the top three robotics companies in North America within five years by real-world deployment volume in EAI humanoid and bionic robots. In EAI automotive robots, our goal is to become a leader in the North American EAI MPV market. II. Product, Technology, and Business Transformation: In Phase one, the company will concentrate resources on fully scaling our EAI humanoid and bionic robot business. On the EAI Device side, based on our four major product lines and key use cases—including education, security and inspection, reception and guidance, performances, and university research—we have increased our 2026 robot shipment target from 1,000 units to 1,500 units. We believe the education sector, especially family education—will become the primary use case for the first phase of the 2C robotics market. FF aims not only to pioneer robotics education products, but also to become one of the primary driving forces behind the inaugural year of the U.S. EAI robotics education ecosystem. For EAI Brain and the Open Source & Open Developer Platform, through our 5×4 architecture, we aim to evolve robots from task-level autonomy toward long-horizon autonomy using VAM, world models, and WBC force-control systems, while leveraging shadow-mode iterations on weekly and monthly cycles. At the same time, we are accelerating commercialization of the EAI Brain, building an open platform architecture, and closing the ‘platform-deployment-data feedback’ loop. Our goal is to attract more than 100 developers and launch over 100 Skills and Agents, significantly enhancing the practical use value of our robots. For the EAI Data Factory, our goal is to turn real-world data collection and deployment into a flagship industry use case, complete full in-house development of our data software stack, and scale our data business to over $1 million in revenue. For our Middle East business, our goal is to achieve positive operating cash flow, exceed 200 robot sales and deployments, and expand operations across three countries in the region. The upside potential of our Phase One strategy is that once we secure strategic or long-term investment sufficient to fully fund Super One mass production, we will comprehensively accelerate our EAI EV business and establish dual growth engines. III. Financial Transformation: We will continue advancing a balanced approach between financial discipline and business growth, while rapidly improving operating quality and key financial metrics. Our target is to achieve positive operating cash flow by Q4 2027. The core measures include: maintaining the comprehensive gross profit margin of the humanoid and bionic robot device sales, maintaining high gross profit for ecosystem business revenue; shifting from relying on financing cash flow to focusing on operating cash flow; reconstructing the AI system to achieve real-time cost control and operational analysis capabilities; managing the income statement, cash flow statement, and balance sheet well, and maximizing the ‘Three-in-One’ business operating results. IV. Capital Transformation: Our goal is to restore the market value of FFAI back to the level it was at when it went public on the NASDAQ in 2021 within two years. This is our most important commitment to stockholders and the most critical performance benchmark for our company. The recent $70 million fundraising from institutional investors is an important starting point for the company’s financing structure to transition from ‘liquidity-driven’ to ‘capital structure governance-driven.’ Going forward, we will gradually transition toward medium to long-term financial investors and strategic investors, while building a financing structure centered on operating cash flow, industrial partnerships, and long-term capital. At the same time, we aim to reduce our reliance on highly dilutive convertible debt financing instruments with short investment cycles. We will continue optimizing our stockholder structure for long-term alignment, while also continuing legal actions against illegal short selling and market manipulation activities. V. AI System Transformation: We will not only make AI robots but also transform the company into an AI. We are fully upgrading FF into an AI First operating and management system, transitioning from ‘PPTIA’ toward ‘AI-PPTI,’ while building an AI-native enterprise operating system and a hybrid organization combining humans and AI Agents. This will accelerate the adoption of AI across governance, decision-making, operations, products, and execution. More detailed information regarding Phase One, as well as our goals and initiatives for Phases Two and Three, will be shared during upcoming company all-hands meetings. Over all these years, many things have changed. But for me personally, three things have never changed: My belief in originality for both technology and product innovation. My commitment to rewarding our stockholders and investors. And my determination to deliver on our promises. FF will rebuild organizational execution around founder spirit and partner spirit, entering a ‘zero excuses, zero internal friction, results-oriented’ operating mode as we work tirelessly to deliver on our commitments to stockholders and users. Every day when I walk into the office and see the fire in our team’s eyes, I become even more convinced that the spark we ignited 12 years ago is now burning stronger than ever. The next two years will be the most critical two years in FF’s history. The era of physical AI has arrived, and FF has the opportunity to once again stand at the forefront of the times and become an important driver of the commercialization of real EAI scenarios. FF’s brightest days are ahead of us! Thank you.” ABOUT FARADAY FUTURE Founded in 2014, Faraday Future (FF) is a U.S.-based Physical AI ecosystem company dedicated to reshaping the future of robotics and mobility solutions through AI innovation and technologies. FF focuses on two major product strategies within the Embodied AI (EAI) robotics business: EAI humanoid and bionic robots, and EAI automotive-focused robots. By building a Three-in-One ecosystem of “Device, Data, EAI Brain & Open-Source and Open Platform,” FF aims to create an evolutionary flywheel: scaled device delivery, data collection and training, continuous evolution of the EAI Brain, stronger product capability, and even larger-scale delivery and deployment. Through this flywheel, FF seeks to maximize its commercial value and lead to the advancement of Physical AI. For more information, please visit Faraday Future’s official website: https://www.ff.com/ FORWARD LOOKING STATEMENTS This press release includes “forward looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “plan to,” “can,” “will,” “should,” “future,” “potential,” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements, which include statements regarding potential future legal actions against alleged illegal market manipulation or similar improper activities, and FF’s entry into the embodied AI robotics market and robotics deliveries and development, involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, which could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, that may affect actual results or outcomes include, among others: the Company’s ability to timely regain compliance with Nasdaq’s minimum bid requirement; the Company’s common stock will be suspended from trading on Nasdaq if it’s closing price is $0.10 or less for 10 consecutive trading days; the Company’s ability to continue as a going concern and improve its liquidity and financial position; the Company’s ability to pay its outstanding obligations, which it currently lacks; the availability of sufficient share capital to meet its current obligations and execute on its strategy, which the Company currently lacks; the agreement of stockholders to substantially increase the Company’s share capital, which could result in substantial additional dilution; the willingness of convertible debt investors to fund the Company while it lacks sufficient share capital for conversions; demand for the Company’s robotics products; the ability of B2B preorder companies to locate customers to purchase our robotics products, on which their nonbinding preorders substantially depend; competition in the robotics industry, which includes companies with far superior experience, funding and name recognition; the Company’s reliance on a single OEM for most of its robotics products; the Company’s ability to get the planned robotics products to comply with all applicable U.S. rules and regulations; the ability of the robotics OEM to timely supply robotics to the Company; tariff uncertainty for imported products, particularly from China; demand from automobile dealers for robotics products; the Company's ability to homologate FX vehicles for sale; the Company’s ability to secure the necessary funding to execute on the FX strategy, which is substantial; the Company’s ability to secure an occupancy certificate covering all of its Hanford facility; the Company's ability to remediate its material weaknesses in internal control over financial reporting and the risks related to the restatement of previously issued consolidated financial statements; the Company’s limited operating history and the significant barriers to growth it faces; the Company’s history of substantial losses and expectation of continued losses; the success of the Company’s payroll expense reduction plan; the Company’s ability to execute on its plans to develop and market its vehicles and the timing of these development programs; the Company’s estimates of the size of the markets for its vehicles and cost to bring those vehicles to market; the rate and degree of market acceptance of the Company’s vehicles; the Company’s ability to cover future warranty claims; the success of other competing manufacturers; the performance and security of the Company’s vehicles; current and potential litigation involving the Company; the Company’s ability to receive funds from, satisfy the conditions precedent of and close on the various financings described elsewhere by the Company; the result of future financing efforts, the failure of any of which could result in the Company seeking protection under the Bankruptcy Code; the Company’s indebtedness; the Company’s ability to use its “at-the-market” program; insurance coverage; general economic and market conditions impacting demand for the Company’s products; potential negative impacts of a reverse stock split; potential cost, headcount and salary reduction actions may not be sufficient or may not achieve their expected results; circumstances outside of the Company's control, such as natural disasters, climate change, health epidemics and pandemics, terrorist attacks, and civil unrest; risks related to the Company's operations in China; the success of the Company's remedial measures taken in response to the Special Committee findings; the Company’s dependence on its suppliers and contract manufacturer; the Company's ability to develop and protect its technologies; the Company's ability to protect against cybersecurity risks; and the ability of the Company to attract and retain employees, any adverse developments in existing legal proceedings or the initiation of new legal proceedings, and volatility of the Company’s stock price. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the Company’s Form 10-Q for the quarter ended March 31, 2026, filed with the SEC on May 14, 2026, and Form 10-K filed with the SEC on March 31, 2026, and other documents filed by the Company from time to time with the SEC. View source version on businesswire.com: https://www.businesswire.com/news/home/20260517296928/en/ Investors (English): ir@ff.com
Investors (Chinese): cn-ir@faradayfuture.com
Media: john.schilling@ff.com Original: Faraday Future Founder and Global CEO YT Jia Shares Weekly Investor Update: Announces the Company’s Comprehensive Transformation Across Five Areas: Strategy; Product, Technology and Business; Finance; Capital; and FF’s AI Operating System

Faraday Future Announces Q1 2026 Financial Results: Upgrades to a Physical AI Company, with EAI Robots Achieving Ecosystem Revenue and Positive Gross Margin, Raises 2026 Robot Shipment Target to 1,500 Units and Plans Early-June Launch of New RobotMay 14, 2026 4:15 PM
Business Wire EAI robotics emerges as the Company's new revenue engine in its inaugural quarter of deliveries. A total of $512,000 revenue in Q1 2026 nearly matches full-year 2025 revenue of $536K. Software skill package revenue accounting for 26%, operating loss narrowing 18% Year-Over-Year, and stockholders’ equity keep positive and grew 148% compared with Q4 2025. Evolving into a Physical AI company with the “AI First” philosophy, FF is focusing on two product engines: Embodied AI (EAI) humanoid and bionic robots, and EAI automotive robots. By building a “Three-in-One ecosystem” of “Device, Data, and Brain & Open-Source and Open Developer Platform,” the Company aims to create an evolutionary flywheel, with the goal of maximizing commercial value. EAI robotics shipments reached 68 units by end of April, exceeding expectations; Driven by rising demand across the FF’s four primary product lines and key application scenarios, including education, security inspection, reception and guided tours, performance, and university research, as well as the upcoming new products, the Company raised the full-year shipment target to 1,500 units, supported by a major new product launch in early June, aiming to build the first large-scale EAI robotics education system in the U.S. and serving as the primary catalyst for the inaugural year of the nation’s EAI robotics education ecosystem. The Company believes education is expected to become the largest initial application scenario in the consumer-facing robotics market. Secured $45 million in new financing to support the first phase of robotics success while optimizing its capital structure to advance long-term strategic financing initiatives; the Company continues to optimize its capital structure and is currently actively engaging with strategic investors and long-term capital to secure the remaining funding required for the mass production of the FX Super One. Upgraded internal governance to an “AI-PPTI” framework, completely reconstructing company operations with AI agents and data-driven decision making. Following the conclusion of the SEC investigation with no penalties and the full return of the founding team, FF is upgrading its previous “Ten-Punch Combo” strategy into “Five Key Transformations” under AI-First philosophy. The full strategic plan set to be unveiled in YT’s Investor Weekly Report this coming Sunday. Faraday Future Intelligent Electric Inc. (Nasdaq: FFAI) ("FF", "Faraday Future", or the "Company"), a California-based global Embodied AI (EAI) ecosystem company, today announced financial results for its first quarter ended March 31, 2026, and provided updates on key operational and strategic developments. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260514717453/en/Faraday Future Announces Q1 2026 Financial Results: Upgrades to a Physical AI Company, with EAI Robots Achieving Ecosystem Revenue and Positive Gross Margin, Raises 2026 Robot Shipment Target to 1,500 Units and Plans Early-June Launch of New Robot “The first quarter of 2026 marked a pivotal transition for our business as our Three-in-One EAI ecosystem strategy began forming a tangible commercial closed loop,” said YT Jia, Global CEO of Faraday Future. “We have officially upgraded our positioning to become a physical AI ecosystem company. By achieving scaled delivery of humanoid and bionic EAI robot terminals, generating positive single-product gross margins, we are rapidly converting our first-mover advantage into sustained competitive leadership.” Jia added: “Looking ahead, we will fully implement the Strategy and our industrial bridge strategy. Our priorities are building a robotics ecosystem-driven revenue base, focusing on humanoid and bionic robots, with automotive robots serving as a complementary focus, and achieving a clear path toward sustainable profitability. We will also continue advancing our long-term ecosystem of ‘Device, Data, and Brain & Open-Source and Open Developer Platform.’ With the full return of the founding team, launching and executing our upgraded set of transformation initiatives, we are positioned to drive long-term value creation, rebuild capital market trust and confidence, and enter the firm’s next phase of growth.” FIRST QUARTER 2026 HIGHLIGHTS Robotics Delivering Early Validation as a High-Margin, Capital-Efficient Growth Engine The Company’s EAI Robotics business reached a key inflection point in the first quarter of 2026, generating initial sales revenue and positive product gross margin while establishing a foundation for scaled deployment. As of April 30, 2026, FF had shipped 68 EAI robots, and May shipments are expected to continue accelerating as the Company progresses toward its first shipment quarter target of 200 units. The Company expects cumulative shipments to exceed 1,500 EAI robots in 2026. This momentum is being supported by continued expansion of the Company’s EAI Robotics strategy, including education-focused use cases, broader ecosystem development and more than 1,200 non-binding, paid pre-orders at launch. FF believes EAI Robotics provides a capital-efficient pathway to support near-term commercialization, cash flow generation and long-term EAI ecosystem expansion. On the compliance front, following the earlier certifications of the Futurist and Master humanoid robots, the FX Aegis quadruped completed its full compliance certification in the United States. As a result, all FX Aegis robots delivered to date can now be converted to formal deliveries, supporting the Company’s continued expansion in the U.S. EAI Robotics market. Unified EAI Strategy Driving Ecosystem Value The Company continued to advance its Three-in-One EAI ecosystem strategy, integrating EAI devices with the EAI Brain, Open Source and Open Developer Platform capabilities, and the EAI Data Factory. During the quarter and subsequent period, FF launched its developer portal, advanced Open Claw as a key component of its open developer platform and began applying these capabilities across FF EAI robots. The Data Factory Business Unit signed its first sales order in early May. The Data Factory continues to build capabilities for efficient, large-scale data collection, and structured processing, transforming low-cost raw data from real-world deployments into high-quality training data through advanced post-processing. Strengthened Governance and System Building To drive the “AI First” philosophy, the Company completely upgraded its internal AI governance from “PPTIA” to “AI-PPTI.” This framework transitions AI from an auxiliary tool to key infrastructure, reconstructing organizational processes to use AI agents for data-driven operations and decision making. Organizationally, the Company continued to strengthen its leadership structure, operating infrastructure, and EAI education ecosystem. The Board has acknowledged and appointed FF Founder YT Jia as Global CEO and Jerry Wang as Global Executive Chairman. The Board has also accepted Matthias Aydt’s resignation as Global Co-CEO and appointed independent director Chad Chen as Lead Independent Director. This leadership transition represents a significant organizational and governance change for the Company marking the full return of the founding team and founder-driven entrepreneurial spirit at both the Board and core management levels, and represents a key step in deepening the execution of the Company’s EAI strategy, creating long-term value for stockholders, and further reinforcing the Company’s guiding principle of putting stockholders first. To support its next stage of growth, the Company relocated its headquarters to El Segundo, CA, also known as Silicon Beach, enhancing access to senior talent and reinforcing its position within a leading technology and innovation hub. FF also established a dedicated Education Ecosystem Product Line to support the development and scaled deployment of its EAI robotics education system. In April, California State Treasurer Fiona Ma joined the unveiling of the FF EAI Robotics Education & Innovation Lab, supporting the Company’s broader efforts to expand EAI education use cases and engage with government, education and industry partners. Regulatory Clarity Achieved and Capital Structure Strengthened On March 18th, the SEC officially concluded its investigation of over four years without taking any penalties or legal action against the Company or its leadership, removing a major historical overhang. The Company leveraged this momentum to improve its capital position. The Company successfully secured $45 million in new financing from American institutional investors. Additionally, FF revised an agreement with an AIXC-designated third party to secure a $12 million subscription, replacing anti-dilution clauses with fixed obligations linked to operation milestones. Looking forward, FF remains fully committed to taking all necessary measures to satisfy Nasdaq’s minimum bid price compliance requirement during its 180-day grace period. RESULTS FOR FIRST QUARTER 2026 Revenue: For the first quarter of 2026, robotics emerged as the Company's new revenue engine in its inaugural quarter of deliveries. The company generated revenue of $512,000, representing a 62% increase from $316,000 in the same period last year, which itself nearly matches full-year 2025 revenue of $536K. This includes both device sales and ecosystem revenue, with ecosystem revenue (including SKILLS, software capability packs, etc.) accounting for 26% of total revenue. Total Stockholders’ Equity: Increased 148% to $19.2 million from the prior-year end, making the second consecutive quarter of positive equity growth. Net Loss from Operations: $35.9 million, a 18% decrease from $43.8 million in Q1 2025. G&A Expenses: Declined 33% year-over-year, from $13.7 million in Q1 2025 to $9.2 million in Q1 2026, primarily driven by a substantial reduction in professional fees, reflecting the Company's continued discipline in optimizing its cost structure. Operating Cash Outflow: Increased by 55% to $31.5 million, compared to $20.3 million in Q1 2025, primarily driven by losses from continuing operations and changes in working capital. Total Operating Expenses: $24.5 million, representing an increase of $1.8 million compared to Q1 2025. 2026 OUTLOOK Looking ahead, 2026 is expected to mark an important transition year for Faraday Future as the Company advances from initial EAI Robotics commercialization toward broader scaling of its Three-in-One EAI ecosystem strategy. The Company’s priorities are focused on increasing EAI robot deliveries, expanding education-driven use cases, improving operating cash flow and further validating the integrated Device-Data-Brain model across EAI Robotics and EAI Vehicles. EAI Robotics: Scaling a Capital-Efficient Commercial Platform The Company expects EAI Robotics to be its primary near-term commercialization priority in 2026. FF is targeting cumulative shipments of more than 1,500 EAI robots by year-end, with education expected to serve as the initial entry point for scaled deployment. Over time, the Company plans to expand into universities, research institutions, vocational education systems and additional high-value use cases, including security, inspection and other enterprise applications. From a product perspective, FF expects to initially prioritize humanoid robotics while progressively expanding into quadruped robotics and other intelligent form factors. This phased approach is intended to support real-world validation, refine products within defined use cases, establish repeatable deployment models, and develop standardized solutions that can scale over time. Building on positive product gross margin achieved in early deliveries, the Company intends to continue improving product economics through increased scale, supply chain efficiency, and ongoing product iteration. Given the lower capital requirements of robotics relative to the automotive business, FF believes EAI Robotics can support near-term revenue generation, operating cash flow improvement, and broader EAI ecosystem development. Three-in-One EAI Ecosystem: Connecting Devices, Brain and Data The Company’s EAI Robotics strategy is expected to further validate its Three-in-One EAI ecosystem, which integrates EAI Devices, the EAI Brain and Open Platform, and the EAI Data Factory. As more EAI robots are deployed across education and enterprise environments, FF expects to generate real-world data that can support model training, product optimization and continuous improvement in user experience. This feedback loop is central to the Company’s Device-Data-Brain architecture. Increased device deployment is expected to generate data, data improves the AI system, improved AI capabilities enhance product utility and stronger product performance supports further adoption. Over time, FF believes this closed-loop model can support broader commercialization opportunities beyond hardware sales, including software, data applications and ecosystem partnerships. The Company believes education is expected to become the largest initial application scenario in the consumer-facing robotics market. Strategic collaboration with educational institutions, research organizations and vocational education partners is expected to play an important role in this ecosystem. These partnerships are intended to support talent development, technology innovation, application deployment and the development of a broader EAI robotics education market. EAI Automotive Robots: Advancing FX Super One with Capital Discipline In automotive robots (EAI Vehicles), the Company will continue advancing FX Super One while maintaining a disciplined approach to capital deployment and production ramp up. Based on strategic cooperation with its bridge strategy partner, FF plans to upgrade FX Super One to a more competitive 800V architecture or accelerate the AIHER project, while pausing the original Super One 400V cooperation project. This approach is intended to improve product competitiveness, reduce near-term cash outflows and better align vehicle execution with capital availability, operational readiness and long-term stockholder value creation. The Company expects EAI Vehicles to remain an important component of its broader EAI strategy, while EAI Robotics provides a more capital-efficient pathway for near-term commercialization and ecosystem validation. Capital Strategy: Restoring Market Confidence and Improving Financing Efficiency From an operating and financial perspective, the Company is focused on strengthening revenue recognition, budgeting, cost management and monthly operating review processes to support robotics-driven revenue realization, improve margin visibility and enhance cash flow discipline. From a capital perspective, FF is shifting toward a longer-term, value-oriented capital structure. The Company intends to strengthen investor communication, reduce reliance on high-cost short-term financing channels and continue engaging strategic and institutional investors with the objective of improving financing efficiency, dilution efficiency and financial flexibility over time. Long-Term Positioning FF is officially evolving into a U.S.-based Physical AI company, focusing on two product engines: Embodied AI (EAI) humanoid and bionic robots, and EAI automotive robots. By building a “Three-in-One ecosystem” of “Device, Data, and Brain & Open-Source and Open Platform,” the Company aims to create an evolutionary flywheel of “scaled device delivery, data collection and training, continuous evolution of the EAI Brain, stronger product capability, and larger-scale delivery”, with the goal of maximizing commercial value. EARNINGS WEBCAST Faraday Future management will host a webcast today, May 14, 2026, at 7:30 p.m. Eastern time (4:30 p.m. Pacific time). Interested investors and other parties can listen to a webcast of the conference call by logging onto the Investor Relations section of the Company's website at https://investors.ff.com/. A replay of the webcast will be available on the Company's website shortly thereafter. More detail on FF’s 2026 Q1 earnings, when filed, can be found in our SEC filings and online at https://investors.ff.com/financial-information/sec-filings. ABOUT FARADAY FUTURE Founded in 2014, Faraday Future (FF) is a U.S.-based Physical AI ecosystem company dedicated to reshaping the future of robotics and mobility solutions through AI innovation and technologies. FF focuses on two major product strategies within the Embodied AI (EAI) robotics business: EAI humanoid and bionic robots, and EAI automotive-focused robots. By building a Three-in-One ecosystem of “Device, Data, EAI Brain & Open-Source and Open Platform,” FF aims to create an evolutionary flywheel: scaled device delivery, data collection and training, continuous evolution of the EAI Brain, stronger product capability, and even larger-scale delivery and deployment. Through this flywheel, FF seeks to maximize its commercial value and lead to the advancement of Physical AI. For more information, please visit Faraday Future’s official website: https://www.ff.com/ FORWARD LOOKING STATEMENTS This press release includes “forward looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “plan to,” “can,” “will,” “should,” “future,” “potential,” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements, which include statements regarding FF’s entry into the embodied AI robotics market, involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, which could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include, among others: the Company’s ability to maintain its listing on Nasdaq; the availability of sufficient share capital to execute on its strategy, which the Company currently lacks; the agreement of stockholders to substantially increase the Company’s share capital, which could result in substantial additional dilution; the Company’s ability to homologate FX vehicles for sale; the Company’s ability to secure the necessary funding to execute on the FX strategy, which will be substantial; demand for the Super One; demand for the Company’s robotics products; competition in the robotics industry, which includes companies with far superior experience, funding and name recognition; the Company’s reliance on a single OEM for most of its robotics products; the Company’s ability to get the planned robotics products to comply with all applicable U.S. rules and regulations; the ability of the robotics OEM to timely supply robotics to the Company; tariff uncertainty for imported products, particularly from China; the ability of the U.S. Department of Commerce to review, condition, or prohibit robotics-related transactions with a China OEM; demand from automobile dealers for robotics products; the Company’s ability to maintain its listing on Nasdaq; the Company’s ability to timely regain compliance with Nasdaq’s $1.00 minimum bid price requirement; that the Company’s common stock will be suspended from trading on Nasdaq if the closing price of its Class A common stock is $0.10 or less for 10 consecutive trading days; the availability of sufficient share capital to execute on its strategy, which the Company currently lacks; the agreement of stockholders to substantially increase the Company’s share capital, which could result in substantial additional dilution; the ability to secure the necessary agreements to upgrade the Super One to an 800V architecture or to develop the AIHER model, none of which have been finalized; the Company’s ability to design and develop AIHER technology; the Company’s ability to secure financing for the 800V architecture of the Super One; the Company’s ability to secure an occupancy certificate for its Hanford facility; the Company’s ability to continue as a going concern and improve its liquidity and financial position; the Company’s ability to pay its outstanding obligations; the Company’s ability to remediate its material weaknesses in internal control over financial reporting and the risks related to the restatement of previously issued consolidated financial statements; the Company’s limited operating history and the significant barriers to growth it faces; the Company’s history of losses and expectation of continued losses; the success of the Company’s payroll expense reduction plan; the Company’s ability to execute on its plans to develop and market its vehicles and robots and the timing of these development programs; the Company’s estimates of the size of the markets for its vehicles and robots and cost to bring those vehicles to market; the rate and degree of market acceptance of the Company’s vehicles; the Company’s ability to cover future warranty claims; the success of other competing manufacturers; the performance and security of the Company’s vehicles; current and potential litigation involving the Company; the Company’s ability to receive funds from, satisfy the conditions precedent of and close on the various financings described elsewhere by the Company; the result of future financing efforts, the failure of any of which could result in the Company seeking protection under the Bankruptcy Code; the Company’s indebtedness; the Company’s ability to use its “at-the-market” program; insurance coverage; general economic and market conditions impacting demand for the Company’s products; potential negative impacts of a reverse stock split; potential cost, headcount and salary reduction actions may not be sufficient or may not achieve their expected results; circumstances outside of the Company’s control, such as natural disasters, climate change, health epidemics and pandemics, terrorist attacks, and civil unrest; risks related to the Company’s operations in China; the success of the Company’s remedial measures taken in response to the Special Committee findings; the Company’s dependence on its suppliers and contract manufacturer; the Company’s ability to develop and protect its technologies; the Company’s ability to protect against cybersecurity risks; and the ability of the Company to attract and retain employees, any adverse developments in existing legal proceedings or the initiation of new legal proceedings, and volatility of the Company’s stock price. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the Company’s Form 10-K for the year ended December 31, 2025 filed with the SEC on March 31, 2026, and other documents filed by the Company from time to time with the SEC. Appendix Financial Statements Faraday Future Intelligent Electric Inc.
Unaudited Condensed Consolidated Balance Sheets
(in thousands, except share and per share data) March 31, 2026 December 31, 2025 Assets Current assets Cash and cash equivalents $ 12,231 $ 34,927 Restricted cash 29 27 Digital assets 6,197 10,250 Accounts receivable 273 257 Notes receivable, net of allowance for credit losses of $4,698 and $4,555 and on March 31, 2026, and December 31, 2025, respectively 385 343 Inventory, net (see Note 4) 1,465 3,258 Deposits (see Note 5) 13,758 10,499 Other current assets (see Note 5) 7,565 8,963 Total current assets 41,903 68,524 Property, plant and equipment, net 146,932 155,303 Operating lease right-of-use assets, net 14,861 4,950 Intangible assets, net 4,647 4,639 Goodwill 23,692 25,764 Other non-current assets (see Notes 4 and 5) 18,106 18,682 Total assets $ 250,141 $ 277,862 Liabilities and stockholders’ equity Current liabilities Accounts payable $ 53,366 $ 57,277 Accrued expenses and other current liabilities (see Note 7) 42,134 45,499 Related party accrued expenses and other current liabilities (see Note 7) 12,988 13,179 Warrant liabilities 960 1,950 Related party accrued interest 14 19,933 Other financing liabilities, current portion 1,005 951 Operating lease liabilities, current portion 1,583 1,443 Notes payable, current portion 4,349 4,432 Related party notes payable 1,510 3,507 Total current liabilities 117,909 148,171 Other financing liabilities, long term portion 47,714 46,867 Operating lease liabilities, long term portion 12,165 3,471 Notes payable, long term portion 42,018 56,234 Related party notes payable, long term portion 2,682 772 Derivative call options 5,229 10,042 Related party derivative call options 1,065 2,504 Other liabilities 2,118 2,042 Total liabilities 230,900 270,103 Commitments and Contingencies (Note 12) Stockholders’ equity (deficit) Class A Common Stock, 0.0001 par value; 307,855,751 and 228,041,297 shares authorized; 282,409,695 and 199,130,727 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively 29 21 Class B Common Stock, 0.0001 par value; 4,429,688 shares authorized; 6,667 shares issued and outstanding as of March 31, 2026 and December 31, 2025 — — Preferred Stock, 0.0001 par value; 12,087,265 and 5,931,000 shares authorized as of March 31, 2026 and December 31, 2025 respectively; zero and one shares issued and outstanding as of March 31, 2026 and December 31, 2025 respectively — — Series B Preferred Stock, $0.0001 par value; 12,000,000 and 12,000,000 shares authorized as of March 31, 2026 and December 31, 2025 respectively; 6,128,378 and 7,184,760 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively — — Additional paid-in capital 4,728,901 4,673,866 Accumulated other comprehensive income 2,573 3,817 Accumulated deficit (4,743,898 ) (4,705,042 ) Total stockholders’ deficit attributable to the Company (12,395 ) (27,338 ) Noncontrolling interest 31,636 35,097 Total stockholders' equity 19,241 7,759 Total liabilities and stockholders’ equity $ 250,141 $ 277,862 Faraday Future Intelligent Electric Inc.
Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss
(in thousands, except share and per share data) Three Months Ended March 31, 2026 2025 Revenue $ 512 $ 316 Cost of revenue 11,890 21,381 Gross profit (11,378 ) (21,065 ) Operating expenses Research and development 6,990 6,419 Sales and marketing 5,616 2,629 General and administrative 9,195 13,674 Loss on disposal of property, plant, and equipment 328 44 Impairment of intangible assets, including goodwill 2,255 — Credit loss expense - short-term note receivable 143 — Total operating expenses 24,527 22,766 Loss from operations (35,905 ) (43,831 ) Change in fair value of notes payable, warrant liabilities, and derivative call options 2,771 51,458 Change in fair value of related party notes payable, warrant liabilities, and derivative call options 1,439 (277 ) Loss on settlement of notes payable (8,431 ) (15,920 ) Loss on settlement of related party notes payable — (1,180 ) Interest expense (2,478 ) (2,302 ) Net loss on digital assets (1,946 ) — Other income, net 2,252 1,784 Loss before income taxes (42,298 ) (10,268 ) Income tax expense (19 ) (10 ) Net loss (42,317 ) (10,278 ) Less: Net Loss attributable to noncontrolling interest 3,461 — Net Loss attributable to Faraday Future Intelligent Electric Inc. $ (38,856 ) $ (10,278 ) Per share information (See Note 16): Net loss per share of Class A and B Common Stock attributable to common stockholders: Basic $ (0.18 ) $ (0.14 ) Diluted $ (0.18 ) $ (0.14 ) Weighted average common shares used in computing net loss per share of Class A and Class B Common Stock: Basic 214,502,895 75,749,893 Diluted 214,502,895 75,749,893 Total comprehensive loss Net loss $ (42,317 ) $ (10,278 ) Foreign currency translation adjustment (1,244 ) 306 Total comprehensive loss $ (43,561 ) $ (9,972 ) Faraday Future Intelligent Electric Inc.
Unaudited Condensed Consolidated Statements of Cash Flows
(in thousands) Three Months Ended March 31, 2026 2025 Cash flows from operating activities Net loss $ (42,317 ) $ (10,278 ) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization expense 8,081 17,527 Amortization of operating lease right-of-use assets 1,010 553 Non-cash interest expense 1,340 814 Loss on digital assets, net 1,946 — Loss on disposal of property and equipment, net 328 44 Impairment of intangible assets, including goodwill 2,255 — Stock-based compensation (802 ) 301 Credit loss expense 143 — Accrued interest on short-term note receivable (185 ) — Payments for operating expenses made with digital assets 338 — Loss on settlement of notes payable 8,431 15,920 Loss on settlement of related party notes payable — 1,180 H.S.L. SRL. settlement adjustment — (295 ) Change in fair value of notes payable, warrant liabilities, and derivative liabilities (2,771 ) (51,458 ) Change in fair value of related party notes payable, warrant liabilities, and derivative (1,439 ) 277 Other (267 ) — Changes in operating assets and liabilities Accounts receivables (16 ) (664 ) Inventory 2,029 362 Deposits (2,678 ) (2,823 ) Accounts payable (3,761 ) (651 ) Accrued expenses and other current and non-current liabilities (1,644 ) 6,945 Related party accrued expenses and other current and non-current liabilities (349 ) 139 Operating lease liabilities (2,521 ) (703 ) Other current and non-current assets 1,377 2,515 Net cash used in operating activities (31,472 ) (20,295 ) Cash flows from investing activities Purchase of digital assets (338 ) — Sale of digital assets 2,107 — Payments for property and equipment (221 ) (1,568 ) Payments for intangible assets (274 ) — Net cash provided (used in) investing activities 1,274 (1,568 ) Cash flows from financing activities Proceeds from notes payable, net of original issuance discount 8,820 22,000 Proceeds from related party notes payable, net of original issuance discount — 1,876 Proceeds from other financial obligations — 1,133 Payments of notes payable issuance costs (487 ) (99 ) Payments of notes payable and other financing obligations (353 ) (309 ) Payments of related party notes payable (145 ) — Net cash provided by financing activities 7,835 24,601 Effect of exchange rate changes on cash and restricted cash (331 ) (419 ) Net increase in cash and restricted cash (22,694 ) 2,319 Cash and restricted cash, beginning of period 34,954 7,174 Cash and restricted cash, end of period $ 12,260 $ 9,493 View source version on businesswire.com: https://www.businesswire.com/news/home/20260514717453/en/ Investors (English): ir@ff.com
Investors (Chinese): cn-ir@faradayfuture.com
Media: john.schilling@ff.com Original: Faraday Future Announces Q1 2026 Financial Results: Upgrades to a Physical AI Company, with EAI Robots Achieving Ecosystem Revenue and Positive Gross Margin, Raises 2026 Robot Shipment Target to 1,500 Units and Plans Early-June Launch of New Robot

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Faraday Future Intelligent Electric Inc (FFAI)

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Faraday Future Intelligent Electric Inc (FFAI) ニュース

Faraday Future Announces the Launch of Its EAI Robotics Education Ecosystem Strategy, Product Line & New EAI Device Launch being held on June 16, 2026

Faraday Future Welcomes Students From El Segundo School District’s High School STEM Program to Its Global HQ to Discover More About the Company’s Latest EAI Robotics, Steadily Making Progress in Building the EAI Education Ecosystem

Faraday Future Founder and Global CEO YT Jia Shares Weekly Investor Update: Announces Upcoming EAI Robotics Major Launch Events in June, Along with the First Cooperation Agreement with U.S. K-12 Public School

Faraday Future Completes Delivery of EAI Robot FF Master™ to Wonderful Life Dental Group Los Angeles, the First Real-World Implementation of FF’s EAI Robots in a Healthcare Use Case

Faraday Future to Attend FountainHead RI’s Summer 2026 Educational Panel Event as a Presenting Sponsor; Showcasing Its EAI Robotics and EV Strategy on June 11

Faraday Future Founder and Global CEO YT Jia Shares Weekly Investor Update: Total Sales and Shipments of EAI Robots Reached 69 Units in May, a New Record, Exceeding the Combined Total for the Months of March and April

Faraday Future Submits Regulatory Referral Letter to the SEC, Advancing Fight Against Alleged Illegal Short Selling and Market Manipulation Including Alleged Conduct by Hua Qixin and Associates

Faraday Future Attended World Leaders Forum in New York on May 22, Further Advancing the BIBS–FF AI Robotics Institute and the Global Embodied AI Education Ecosystem

Faraday Future Founder and Global CEO YT Jia Shares Weekly Investor Update: FF’s Largest-Ever 23-Unit Robot Order Marks Another Step Toward Becoming a Pathbreaker and Driving Force in the Global B2C Robotics Market

Faraday Future Announces Results of Annual Meeting of Stockholders; Successfully Approved All Proposals Designed to Enhance the Company’s Financial Stability and to Accelerate Its EAI Robotics Strategy and Execution

Faraday Future Attends Annual Orange County OC Maker Challenge Award Ceremony, Further Deepening the Company’s Connection with the STEM / STEAM Education Ecosystem in California

Faraday Future Founder and Global CEO YT Jia Shares Weekly Investor Update: Announces the Company’s Comprehensive Transformation Across Five Areas: Strategy; Product, Technology and Business; Finance; Capital; and FF’s AI Operating System

Faraday Future Announces $25 Million in New Financing, Demonstrating Institutional Investors' Confidence in the Company's Prospects; Recent Total of $70 Million in Financing to Sufficiently Support the Phase I Goals of Its Robotics Business Plan

Faraday Future Announces Q1 2026 Financial Results: Upgrades to a Physical AI Company, with EAI Robots Achieving Ecosystem Revenue and Positive Gross Margin, Raises 2026 Robot Shipment Target to 1,500 Units and Plans Early-June Launch of New Robot

Faraday Future Announces that FF AI-Robotics has Signed an MOU with RobotShop, One of North America’s Leading Robotics-Focused E-Commerce Platforms

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