FF EAI Robotics Ecosystem Inc. (FFR) completed its acquisition of Faraday Future Intelligent Electric Inc.’s robotics business and related assets on October 23, 2026. The assets and operations transferred to FFR, which issued common shares and non-voting convertible preferred shares to FFAI subsidiary Smart Technology Holdings Ltd. as consideration. YT Jia will serve as Global CEO, Jerry Wang as Executive Chairman, and Chen Shi as Lead Independent Director.
FFR named its unified robotics AI brain FF OmniMind. October sales and shipments are expected to exceed 300 robots, with cumulative sales and shipments expected to exceed 1,100 by month-end; the company says robot deliveries have positive unit gross margins. The acquired business expects approximately 2,000 robots in sales and shipments for full-year 2026 on a standalone basis, including pre-acquisition periods; this is not FFR’s consolidated 2026 result, which will include acquired-business results only from the October 23 closing.
FFR projects approximately $45.2 million in 2027 revenue and approximately $1.98 billion in cumulative revenue over five years, alongside approximately 7,400 EAI Device sales in 2027 and 133,000 cumulatively. These projections are subject to significant uncertainties and are not guarantees of future performance.
FF EAI Robotics Ecosystem Inc. (FFR) completed its acquisition of all issued and outstanding shares of FF EAI Robotics Inc. (RobotCo), which merged into FFR Acquisition Sub LLC, now a wholly owned direct subsidiary. Seller Smart Technology Holdings Ltd. received 1,315,313 common shares and 65,475 Series C preferred shares, convertible in aggregate into 65,474,624 common shares, subject to adjustment provisions. Conversion and related voting rights are barred until stockholder approval, expiration of the 20-calendar-day Rule 14c-2 period and effectiveness of a required charter amendment.
Yueting Jia became CEO and Jiawei Wang Executive Chairman. FFR expects approximately 2,000 robots in sales and shipments for 2026 with positive gross margin; it expects October sales and shipments to exceed 300 units, with positive unit gross margin and cumulative shipments of more than 1,100 units. FF AI-Robotics Inc. received an exclusive, perpetual, worldwide, royalty-free and fully paid-up license to specified technology used in robotics and other FFAI businesses, limited to the specified field of use. Faraday&Future Inc. assigned intellectual property rights used exclusively in robotics.
FF EAI Robotics Ecosystem Inc. (FFR) agreed to acquire Faraday Future Intelligent Electric Inc.’s robotics business at an agreed valuation of approximately $200 million. At closing, FFR will issue 1,315,313 common shares and 65,475 non-voting preferred shares; each preferred share is convertible into 1,000 common shares only after required stockholder approval. The purchase-price formula adjusts a $200 million base for outstanding RobotCo options, which FFR will assume at a 0.89 exchange ratio, subject to adjustment for specified corporate actions.
Closing depends on internal restructuring, required approvals and other conditions; completion was expected by the end of October 2026. A separate PIPE provides aggregate gross proceeds of up to $10 million at the lower of the Nasdaq Official Closing Price immediately before execution and $2.246 per share. The acquisition is not conditioned on PIPE funding; its net proceeds are designated for robotics development and operations.
Upon specified conditions, Faraday Future Intelligent Electric Inc., Yueting Jia and Jiawei Wang will grant FF Global Partners LLC a proxy, giving it more than 50% of voting power for director elections and making FFR a controlled company. FFGP may designate four of seven directors during the Majority Designation Period. FFAI management’s standalone projections—not FFR guidance—include revenue of approximately $7 million in 2026 and $45 million in 2027, with positive operating cash flow projected for the third quarter of 2028.