Faraday Future Founder and Global CEO YT Jia Shares Weekly Investor Update: Provides Updates on Positive June Sales Targets; Recaps June 16 Robotics and Education Ecosystem Product Launch; Previews June 22 Automate Launch

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Gross margin is the difference between how much money a company makes from selling its products and how much it costs to produce them, expressed as a percentage of sales. It shows how efficiently a company is turning sales into profit before other expenses like marketing or salaries. Higher gross margin means the company keeps more money from each sale, which is a good sign of financial health.

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A world model is an internal, computer-built map of how parts of the real world behave and interact, used by software to predict outcomes and plan actions. For investors, it matters because companies that develop accurate world models can automate decision-making, improve forecasting, and build more capable products—potentially lowering costs and increasing competitive advantage—similar to how a pilot’s mental picture of weather and terrain helps them navigate more safely and efficiently.

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An SDK (software development kit) is a collection of tools, sample code and libraries that help programmers build applications, while an API (application programming interface) is the set of rules that lets different software systems communicate. Investors care because well-designed SDKs/APIs are like universal plugs and sockets for digital services: they make it easier for partners and customers to connect, speed product adoption, create ongoing usage that supports revenue, and raise barriers for competitors.

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• On June 16, FF successfully hosted the launch of the Six-Series Full-Form FF EAI Robot World, along with the unveiling of its EAI Robotics Education Ecosystem and product lineup.
• FF introduced four new members to the Six-Series Full-Form FF EAI Robot World — All-New Futurist, FX Navi, FF Master Mini, and FF Nova and also officially launched the world's first Three-in-One EAI Robotics Education Ecosystem.
• At 5:00 PM Pacific Time on June 22, during Automate, the largest robotics trade show in the United States held in Chicago, FF will showcase the complete lineup for the Six-Series Full-Form FF EAI Robot World, launch our new mobile manipulator, complete the second-half launch of the All-New Futurist, and give you a preview of FF's EAI Robotics Industrial Ecosystem.

LOS ANGELES--(BUSINESS WIRE)-- 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.

Faraday Future Founder and Global CEO YT Jia Shares Weekly Investor Update: Provides Updates on Positive June Sales Targets; Recaps June 16 Robotics and Education Ecosystem Product Launch; Previews June 22 Automate Launch

“Hello from issue #60 of our weekly CEO report. Before we recap the June 16 launch event, I'd like to share some exciting news. Based on our latest business data, FF's robotics sales and shipments continue to accelerate. We expect robot device shipments in June to exceed 100 units, and cumulative shipments since March are also expected to surpass our original target of 220 units ahead of schedule.

At the same time, we remain committed to a positive gross margin direction and a “payment-before-delivery” sales and fulfillment discipline, providing strong cash flow support for the rapid expansion of our business.

On June 16, we successfully hosted the launch of the Six-Series Full-Form FF EAI Robot World, along with the unveiling of our EAI Robotics Education Ecosystem and product lineup.

We not only introduced four new members to the Six-Series Full-Form FF EAI Robot World — All-New Futurist, FX Navi, FF Master Mini, and FF Nova — but also officially launched the world's first Three-in-One EAI Robotics Education Ecosystem. In addition, the Open-Source and Open Developer Platform (Youth Edition) officially went live. Through family education as the first B2C entry point for EAI robots, we aim to unlock the home market and create more consumer-facing use cases for EAI robotics.

The June 16 launch event can be summarized by eight key highlights:

1. We unveiled the first-half launch of the Full-form FF EAI Robot World, featuring an all-star supergroup spanning six major product series. FF has now become the robotics company with the most complete range of robot form factors in the U.S. market and the world.

2. Launch of the world's first Three-in-One EAI Robotics Education Ecosystem strategy under the slogan "Grow with EAI," supporting FF's goal of becoming a pathbreaker, ecosystem builder, and mass-adoption driver in the global B2C robotics market and its real-world use cases, while also positioning FF as the trailblazer and driving force behind the world's first robotics education ecosystem serving both B2B educational institutions and B2C family education.

3. The First-half launch of the All-New Futurist, the first full-size humanoid robot in the U.S. to natively support NVIDIA Sonic's full-body motion control system for humanoid robots. The All-New Futurist Ultra will be powered by the Jetson Thor chip. The All-New Futurist is well suited for full-size humanoid motion control related academic research and especially for publishing relevant research papers. It comes equipped with the “brightest EAI brain” and incomparable motion capabilities.

4. We introduced the world's first education-focused VLA + World Model, with the goal of becoming the No. 1 Brain and No. 1 foundation model for the global EAI robotics education ecosystem.

5. The Open-Source and Open Developer Platform (Youth Edition) has officially launched, and the first batch of developer tools—Brain Blocks, EAI Soul, and SDK/API—are now available.

6. We officially launched FX Navi, the first foundational EAI learning quadruped robot in the United States and the only robot dog priced below $2,000 that supports secondary development capabilities. Priced at just $1,990, Navi is now available for immediate purchase and delivery.

7. We announced pricing for EAI education robot devices across multiple form factors, as well as the pricing for Curriculum Skills products, while officially opening the next phase of FF Par partner recruitment.

8. We offered a veiled preview of FF Master Mini, the first compact humanoid robot in the U.S. designed for both education and sports competition, and FF Nova, the first entry-level miniature Embodied AI humanoid robot in the U.S. designed for both education and companionship.

Why were we able to achieve these major milestones and targets? The answer to it is that FF has built five unique advantages that empower what we call “one brain, multiple forms” approach.

1. Our ability to continuously evolve the EAI Brain and our open-source and open developer platform: With VLA + World Model as the foundation model, our first-phase goal is to make it the No. 1 Brain and No.1 foundation model for the global EAI robotics education ecosystem. Built on our self-developed FF EAI 5×4 technology architecture, plus an open-source and open model, and plus our robot Skills and Agent system, we are building an EAI Brain that can operate across different use cases, act with greater autonomy, and generalize to new tasks. At the same time, we are rapidly packaging these Brain capabilities into professional capabilities across virtually every profession and industry.

2. Our unique Full-form FF EAI Robot World for EAI Devices. Unlike many leading companies that focus on a single general-purpose humanoid robot, FF has taken a “one brain, multiple forms" approach for the EAI devices from the beginning. By combining one generalizable Brain, multiple robot form factors, and EAI Agents and Skills, we are accelerating the path for robots to develop domain expertise, take on professional roles, and move toward scaled deployment.

3. Our EAI Data Factory gives us data from real-world use cases.

4. Our global EAI industry bridge gives us cost and efficiency advantages.

5. An evolutionary ecosystem flywheel and moat built on the first four advantages, together with scaled delivery and deployment.

Finally, here’s a sneak peek at tomorrow’s major announcements. At 5:00 PM Pacific Time on June 22, during Automate, the largest robotics trade show in the United States held in Chicago, FF will showcase the complete lineup for the Six-Series Full-Form FF EAI Robot World, launch our new mobile manipulator, complete the second-half launch of the All-New Futurist, and give you a preview of FF's EAI Robotics Industrial Ecosystem.

Shortly afterwards, AIxC will host the most important business launch event since going public.

At that event, AIxC will announce its EAI ecosystem + Web3 strategy and products focused on EAI robots, with a major focus on launching a robot-sharing network and platform. The goal is to create an “Uber + Turo” model for robotics, giving robots a second life cycle and shared value, and helping shift from one-time hardware sales product into a new type of productive asset that can generate sustainable revenue.

Both of these launch events will be streamed online, so please stay tuned. Thanks all, and I will see you tomorrow.”

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 ability of the Company to build an EAI education ecosystem that serves both the B2C consumer market and the B2B institutional education market; the acceptance by teachers and students of the Company’s robotics products in the education market; 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/20260621358069/en/

Investors (English): ir@ff.com
Investors (Chinese): cn-ir@faradayfuture.com
Media: john.schilling@ff.com

Source: Faraday Future Intelligent Electric Inc.