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On October 26, 2026, Faraday Future
Intelligent Electric Inc. (the “Company”) issued a press release in connection with the completion of the disposition of
its robotics business and related assets to FF EAI Robotics Ecosystem Inc. (Nasdaq: FFR), as previously disclosed in the Current
Report on Form 8-K filed by the Company with the Securities and Exchange Commission on October 26, 2026. A copy of the press release
is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
The information in this Item 7.01 of this Current
Report on Form 8-K (including Exhibit 99.1) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange
Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and shall not be incorporated
by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act,
except as shall be expressly set forth by specific reference in such filing.
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Exhibit 99.1
Faraday Future Announces Completion of FFR’s 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
| ● | FFR
has completed its acquisition of FFAI’s 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’ 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 “Four-Core Full-Stack
AI.” |
| ● | FFR believes it has become the No. 1 in K–12 robotics education in the U.S., FFR’snext 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. |
| ● | FFR
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. |
| ● | FFR
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’s leading real estate brokerages. |
| ● | FFR
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’s
confidence in near-term performance and growth prospects, and its determination to accelerate
efforts to maximize value for stockholders. |
NEW YORK (Oct. 26, 2026) — Faraday Future Intelligent
Electric Inc. (NASDAQ: FFAI) (“FFAI” or “Faraday Future”), a California-based global Embodied AI (EAI) ecosystem
company, today provided an update following FF EAI Robotics Ecosystem Inc. (NASDAQ: FFR) (“FFR”), 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’s 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 “Four-Core Full-Stack AI” ecosystem.
Watch Video: https://youtu.be/RmJ-wYDK_9Y
FFR Completes Board and Management Changes; YT Jia Appointed CEO
FFR 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.
As 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 “Four-Core Full-Stack AI” ecosystem and developing distinct EAI technology strengths, including its “One
Brain, All Robots; Multi-Forms, Multi-Capabilities” approach. FFR has completed Phase One of its “Built in USA” Acceleration
Program, and FF Robot World 2.0 is now complete.
“We believe FFR has become the No. 1 provider of K–12 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,” said YT Jia, CEO of FFR and Global CEO of FFAI.
FFR Unveils FF OmniMind, a Unified AI Brain Powering All Robotic
Forms Under “One Brain, All Robots; Multi-Forms, Multi-Capabilities”
FFR’s 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.
FFR announced that the brand name for FF Brain is FF OmniMind. Guided
by the “One Brain, All Robots; Multi-Forms, Multi-Capabilities” 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.
For 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.
For 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.
In addition, FFR believes that RoboShare is becoming the robot-sharing
platform with the North America’s largest fleet and widest variety of robots.
“Four-Core Full-Stack AI” products and technologies primarily
serve the Education and Research ecosystem, Security and Inspection ecosystem, Industrial and Logistics ecosystem and FFR’s Commercial
and Services ecosystem.
FFR Announces Strategic Partnerships with KYA GROUP, California
Science and Technology University and Boston International Business School, and Pinnacle
At 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.
FFR’s 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’s EAI robotics products in government procurement markets.
FFR 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.
FFR has partnered with Pinnacle, one of Southern California’s
leading real estate brokerages, on B2B real estate brokerage solutions and B2C home security solutions.
FFR Issues 2026 Full-Year Guidance for the First Time
Based 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’s reported consolidated results for 2026; FFR will include the acquired business’s
results in its consolidated financial statements only from the October 23, 2026 closing date.
The guidance reflects management’s confidence in FFR’s
near-term performance and growth prospects, as well as its determination to accelerate efforts to maximize value for stockholders.
In 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.
FFR 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.
ABOUT FARADAY FUTURE
Founded 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 “Four Future
Trends” concept, once again helping to drive automotive-industry transformation. For more information, please visit Faraday Future’s
official website: https://www.ffai.com/
FORWARD LOOKING STATEMENTS
Forward-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.
This 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.
All statements, whether written or oral, other than statements of historical
fact, including any financial projections and any statements regarding future events, Faraday Future’s and FFR’s strategy,
the disposition of the robotics business, the projections referenced in this communication and the anticipated benefits and timing of
the foregoing, Faraday Future’s and FFR’s objectives, expectations, or anticipated actions or results, are forward-looking
statements. You can often identify forward-looking statements by words such as “may,” “might,” “will,”
“shall,” “should,” “expects,” “plans,” “anticipates,” “could,”
“intends,” “targets,” “projects,” “contemplates,” “believes,” “estimates,”
“predicts,” “potential,” “goal,” “objective,” “seeks,” “likely,”
or “continue,” or the negative of these terms or other similar expressions; the absence of these words does not mean a statement
is not forward-looking.
These 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’s standalone guidance and longer-term projections are not achieved; FFR’s ability to successfully integrate
and operate the acquired business; and Faraday Future’s 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.
Additional risks and uncertainties are described in Faraday Future’s
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.
Forward-looking statements are based on assumptions with respect to FFAI’s and FFR’s management’s 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.
CONTACTS:
Investors (English): ir@ff.com
Investors (Chinese): cn-ir@faradayfuture.com
Media: john.schilling@ff.com
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