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.
“Hello, everyone. Welcome to Issue 68 of our Weekly Report. Here are this week’s key highlights:
1. FFAI reported record revenue for the second quarter, while its EAI robotics business entered a phase of scaling sales at positive gross margins and rapidly growing revenue.
2. During the second half of 2026, we will continue advancing our “Five New Transformations” and fully execute our “Four-Core Full-Stack AI” Q3 Robotics Practical Deployment Campaign.
3. We will implement a comprehensive debt reduction and resolution program and continue advancing our Capital Value Restoration Sub-Campaign, while exploring independent financing and a potential separate listing for the robotics business.
4. We are accelerating the “Built in USA” Acceleration Program, including Phase Two, “Assembled in USA,” for seven FCC-certified robot models.
5. Jerry Wang represented FF at the 2026 J.P. Morgan industry conference in New York, engaging with more than 500 Wall Street investors.
First, FFAI released its second-quarter results this week, reporting record revenue. Our EAI robotics business has entered a phase of scaling sales at positive gross margins and rapidly growing revenue. FF’s seven unique value advantages are gradually translating into operating results, and the Company reduced debt by more than $100 million year over year.
During the second half of the year, we will continue advancing our “Five New Transformations” and fully execute our “Four-Core Full-Stack AI” Q3 Robotics Practical Deployment Campaign through the following initiatives:
On the business side, we will further implement each part of the “Four-Core Full-Stack AI” ecosystem and expand revenue.
First Core — EAI Robot Bodies: We will accelerate the ramp-up of sales, shipments, and deliveries, with a focus on expanding in California, Texas, New York, and the U.S. East Coast. We are working toward our goal of reaching 2,000 cumulative robot sales and shipments by year-end.
Second Core — EAI Brain: We will deepen the integration of NVIDIA’s technology stack with FF’s EAI Brain, robotics platform, and data infrastructure; advance GR00T training and validation for complex grasping and multi-step operations; and move SONIC from simulation toward whole-body control on physical robots, accelerating cross-form-factor and cross-platform capability transfer.
Third Core — Industry Productivity Solutions and Developer Platform: We will advance standardized, replicable, and scalable solutions across education, industrial applications, security and inspection, and other existing markets, with particular focus on nationwide replication of what we believe is the world’s first “Four-Core Full-Stack AI” EAI robotics education ecosystem. By year-end, we plan to produce 100 Skills and expand the developer community to 200 individuals and organizations.
Fourth Core — EAI Data Factory: We aim to reach monthly collection capacity of 2,100 hours of qualified real-world data by the end of August and 20,000 hours by the end of December, for a cumulative 50,000 hours during 2026, strengthening the real-world-data self-evolution flywheel.
On the financial and capital side, the robotics business generated an average gross margin of more than 30% during the first half. However, FFAI’s consolidated results remain unsatisfactory, primarily because of legacy burdens and automotive-related debt, which we continue to address.
The automotive business remains in an investment and product-transition phase. Depreciation and amortization, research and engineering investment, fixed operating costs, and debt and financing costs remain significantly greater than the robotics business’s current gross-profit contribution. Improving robotics profitability has therefore not yet translated into a corresponding improvement in consolidated profitability.
Accordingly, during the second half of the year, we plan to fully implement a comprehensive debt reduction and resolution program designed to maximize FFAI’s financial and capital value.
At the same time, we will continue our Capital Value Restoration Sub-Campaign and explore independent financing and a potential separate listing of the robotics business, reducing the impact of legacy burdens and automotive-related debt and creating greater value for FFAI investors.
We are also accelerating the “Built in USA” Acceleration Program. For seven FCC-certified models across three product series, we plan to expand sales and advance Phase Two, “Assembled in USA.” For new robot-body products, we will accelerate compliance certification under the FCC’s new policy framework.
We plan to share more detailed roadmaps and execution plans at the “Built in USA” Upstream & Downstream Partner Recruitment Conferences on August 26 and September 28. We welcome upstream and downstream partners to contact us and participate.
In addition, Jerry Wang attended the 2026 J.P. Morgan industry conference at its New York headquarters, presenting and taking questions from more than 500 Wall Street investors. The positive response deepened understanding of FF’s EAI robotics development path and supported our capital-value restoration and long-term investor outreach.
Thank you, everyone. We’ll see you next week.”
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 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; the willingness of convertible debt investors to fund the Company ; 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 ability of the Company to expand into additional markets for its robotics products; 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.
Contacts
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