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Faraday Future Founder and Co-CEO YT Jia Shares Weekly Investor Update: For EAI Robotics, FF Will Officially Begin Its First Batch of Deliveries Next Week

Business

Faraday Future Founder and Co-CEO YT Jia Shares Weekly Investor Update: For EAI Robotics, FF Will Officially Begin Its First Batch of Deliveries Next Week
Business

Business

Faraday Future Founder and Co-CEO YT Jia Shares Weekly Investor Update: For EAI Robotics, FF Will Officially Begin Its First Batch of Deliveries Next Week

2026-02-23 08:25 Last Updated At:11:59

LOS ANGELES--(BUSINESS WIRE)--Feb 22, 2026--

Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) (“Faraday Future”, “FF” or the “Company”), a California-based global shared intelligent electric mobility ecosystem company, today shared a weekly business update from YT Jia, Founder and Global Co-CEO of FF.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260222086489/en/

“Hello everyone, for those who are watching in China, I know many of you are celebrating Chinese New Year this week and enjoying time with family. Here in the U.S., there’s no holiday break, and our team has been pushing full speed ahead, continuing to execute our EAI strategy and advancing the mass production and delivery of both Super One and our EAI robots.

Regarding EAI EV, following the NADA Show, we made a meaningful step forward at this stage. We have signed sales and collaboration MOUs with multiple leading dealers across several U.S. states, covering Super One and our EAI robots. This is a meaningful validation of our user-ecosystem innovation model and our EAI ‘dual-engine’ product strategy. It also demonstrates how our robotics business can directly feed back into and empower the vehicle business.

For EAI Robotics, we will officially begin our first batch of deliveries next week. The certifications and compliance required for the sales and deliveries of Futurist and Master have been completed. We also expect Aegis to be completed shortly as well. We are highly confident we can execute our delivery and ramp up plan as scheduled and make FF among the top-tier U.S. companies to accomplish deliveries of both humanoid and bionic EAI robotic devices.

Based on the deep reflection from last week, we have made major strategic adjustments and launched an improvement plan. The goal is to further sharpen our focus on Super One mass production and delivery, concentrate resources on product delivery and cash flow improvement, and ensure the fundamentals of the EAI business continue to improve.

We are implementing some key initiatives in EAI Robotics to accelerate deliveries at scale and empower the vehicle business in return.

1. Drive scaled sales with positive gross margin to build stable, positive cash inflows as soon as possible. Only by achieving self-sustaining cash generation can our robotics strategy grow in a healthy way and provide meaningful reverse enablement to the broader EAI ecosystem.

2. Accelerate the build-out of the EAI Brain and an open-source and open developer platform, including partnerships with research labs and institutes at leading universities to scale real-world deployments. We are actively exploring joint development with AI and robotics labs at several top U.S. universities to expand use cases. We aim for FF to become the preferred U.S.-based supplier and partner of research institutions—and for our EAI robots to be a go-to platform for research and deployment.

3. Expand and work towards securing external financings to empower FFAI and EAI robotics.

Now let’s turn to AIxC’s strategic adjustments and improvement plan: As the controlling stockholder of AIxC, we have recommended that AIxC proactively streamline and refocus. Specifically, across its three business lines, or Three Driving-Force Businesses, we have suggested discontinuing two BesTrade AI Agent and Crypto Assets AI Management—focusing exclusively on the RWA & EAI Ecosystem Development. By concentrating resources and execution on this single core strategy, we believe AIxC can go deeper, execute better, and become a leader in its industry. While AIxC operates independently, we believe stronger execution at AIxC could benefit FF’s EAI ecosystem over time.

We believe these major initiatives to sharpen our strategic focus will help us respond, step by step, to the concerns and expectations of our stockholders and address doubts through disciplined execution. With practical actions and visible deliveries, we aim to demonstrate and gradually unleash FF’s real value to maximize value for our stockholders. See you next week!”

ABOUT FARADAY FUTURE

Faraday Future is a California-based global intelligent Company founded in 2014 and is dedicated to reshaping the future of mobility through vehicle electrification, intelligent technologies, and AI innovation. Its flagship vehicle, the FF 91, began deliveries in 2023 and reflects the brand’s pursuit of ultra-luxury, cutting-edge technology, and high performance. FF’s second brand, FX, targets the high-volume mainstream vehicle market. Its first model, Super One, is positioned as a first-class EAI-MPV, with deliveries planned to begin in 2026. FF recently announced its entry into the Embodied AI Robotics business with sales beginning this year, connecting its future strategy of bringing a new era of EAI vehicles and EAI robotics. For more information, please visit 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 implementing major changes for AIxC, FX Super One production and delivery, and embodied AI robotics deliveries, 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 limited ability to control the social media messaging of others; the Company’s ability to identify any illegal short selling; AIxC’s willingness to adopt the Company’s recommendations, which is it not obligated to do; the Company’s ability to maintain its listing on Nasdaq; the need for additional share capital beyond what stockholders approved on February 13, 2026, to fully execute on its strategy, which the Company currently lacks; further 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; the Company’s ability to secure an occupancy certificate covering 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; demand for our robotics products; competition in the robotics industry, which includes companies with far superior experience, funding and name recognition; our reliance on a single OEM for robotics products; our 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 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 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 cover future warranty claims; 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 which 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 filed with the SEC on March 31, 2025, and Form 10-Qs for the quarters ended June 30, 2025 and September 30, 2025 filed with the SEC on May 9, 2025, August 19, 2025 and November 21, 2025, respectively, and other documents filed by the Company from time to time with the SEC.

Faraday Future Founder and Co-CEO YT Jia Shares Weekly Investor Update: For EAI Robotics, FF Will Officially Begin Its First Batch of Deliveries Next Week

Faraday Future Founder and Co-CEO YT Jia Shares Weekly Investor Update: For EAI Robotics, FF Will Officially Begin Its First Batch of Deliveries Next Week

HONG KONG (AP) — A Hong Kong court Monday dismissed all appeals arising the city’s biggest case brought under a Beijing-imposed national security law.

The pro-democracy advocates were among 47 activists charged in 2021 with conspiracy to commit subversion for their involvement in an unofficial primary election. The mass prosecution involving some of the best-known activists crushed much of the city’s once-thriving pro-democracy movement that reached a height with massive anti-government protests in 2019.

Forty-five of the defendants were sentenced to between four years and 10 years in 2024, with their punishments drawing criticism from foreign governments and rights groups.

Eleven activists who appealed their convictions lost their bids. They included former lawmakers Leung Kwok-hung, Lam Cheuk-ting, Raymond Chan and Helena Wong.

All appeals over sentences were also dismissed by the Court of Appeal.

Lawrence Lau, a pro-democracy former district councilor, was one of two activists acquitted in the case. Judges upheld his acquittal following an appeal from the prosecution.

Riding on the 2019 protests, the pro-democracy camp had been looking to make gains in the 2020 legislative election. The unofficial primary was meant to shortlist pro-democracy candidates for the official election.

The camp hoped to secure a majority in the legislature to press for protesters’ demands, which included greater police accountability and democratic elections for the city’s leaders.

During the trial, prosecutors said the activists aimed to paralyze Hong Kong’s government and force the city’s leader to resign. The judges said in their verdict in 2024 that the activists’ plans to effect change through the unofficial primary would have undermined the government’s authority and created a constitutional crisis.

Critics said the activists' convictions illustrated how authorities crushed dissent following the 2019 protests. The Beijing and Hong Kong governments insist the national security law was necessary for the city's stability.

The case involved democracy advocates across the spectrum, including legal scholar Benny Tai, who got a 10-year prison term, and former student leader Joshua Wong, whose sentence was four years and eight months.

Nearly 20 activists in the case have been released from prison over the past year. Among them were former district councilors Jimmy Sham and Lester Shum. Sham and Lee Yue-shun, another acquitted activist, chatted with Lau before Monday's hearing.

As those who were still in prison entered the courtroom, some waved and smiled at their families and supporters, who waved back.

Some residents stayed outside the court building in line since Saturday to secure a seat in the courtroom. Retiree Margaret Chan arrived Monday morning, hoping to show her support to those she considered to be innocent.

Seeing some activists released from prison relieved her. “They have survived it," she said.

Pro-democracy activist Lawrence Lau Wai-chung arrives at the West Kowloon Law Courts Building ahead of the national security appeal cases, in Hong Kong, Monday, Feb. 23, 2026. (AP Photo/May James)

Pro-democracy activist Lawrence Lau Wai-chung arrives at the West Kowloon Law Courts Building ahead of the national security appeal cases, in Hong Kong, Monday, Feb. 23, 2026. (AP Photo/May James)

Staff members of the West Kowloon Magistrates' Courts raise a China national flag outside West Kowloon Law Courts Building ahead of the national security appeal cases, in Hong Kong, Monday, Feb. 23, 2026. (AP Photo/May James)

Staff members of the West Kowloon Magistrates' Courts raise a China national flag outside West Kowloon Law Courts Building ahead of the national security appeal cases, in Hong Kong, Monday, Feb. 23, 2026. (AP Photo/May James)

A Correctional Services Department vehicle believed to be carrying Hong Kong pro-democracy activists arrives at the West Kowloon Law Courts Building ahead of the national security appeal cases, in Hong Kong, Monday, Feb. 23, 2026. (AP Photo/May James)

A Correctional Services Department vehicle believed to be carrying Hong Kong pro-democracy activists arrives at the West Kowloon Law Courts Building ahead of the national security appeal cases, in Hong Kong, Monday, Feb. 23, 2026. (AP Photo/May James)

Pro-democracy activist Lawrence Lau Wai-chung arrives at the West Kowloon Law Courts Building ahead of the national security appeal cases, in Hong Kong, Monday, Feb. 23, 2026. (AP Photo/May James)

Pro-democracy activist Lawrence Lau Wai-chung arrives at the West Kowloon Law Courts Building ahead of the national security appeal cases, in Hong Kong, Monday, Feb. 23, 2026. (AP Photo/May James)

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