Faraday Future Announces Plans to Upgrade FX Super One MPV to More Competitive 800V EV or Accelerate AIHER Hybrid Project with Bridge Strategy Partner as the Company Continues Strong Push in Parallel with Its EAI Robotics Business

LOS ANGELES--(BUSINESS WIRE)--May 6, 2026--

Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) (“Faraday Future,” “FF” or the “Company”), a California-based global Embodied AI (EAI) ecosystem company, today announced that, based on strategic cooperation with its bridge strategy partner, the Company plans to upgrade the FX Super One to an 800V architecture or accelerate the AIHER project, while pausing the original Super One 400V cooperation project.

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This adjustment represents a proactive optimization and upgrade of the Company’s strategic execution. It is highly significant for the “EAI Robotics + EAI EV” Dual-Engine Strategy and is expected to accelerate the implementation of the overall strategy, more quickly form an operational closed loop, and unlock value across the entire Company.

First Batch of Mass-Production Super One Deliveries Will Be the More Competitive 800V BEV or AIHER Model, Creating Greater Value for Users

The Company believes that the 800V architecture model offers stronger product competitiveness and user value compared to the originally planned Super One 400V model. By adopting a “high-voltage, low-current” approach, the Company expects to fundamentally optimize the electrical architecture, delivering longer range, faster charging speeds, and superior powertrain efficiency. These are the core experiences U.S. users prioritize most for long-distance travel and daily driving.

In parallel, the Company is also advancing development of the AIHER model. As the world's first AI-driven extended-range plus hybrid fusion technology featuring a “strong extended-range, light hybrid” architecture, AIHER is expected to overcome the weaknesses of conventional hybrid and plug-in hybrid systems. It is particularly well-suited to extreme-cold winter regions such as the U.S. East Coast, demonstrating outstanding adaptability and energy efficiency.

Accordingly, the Company's goal is for the first batch of mass-production Super One deliveries to be either the 800V BEV or the AIHER model, in order to create greater value for users. Subject to securing financing from strategic or medium-to-long-term investors and sufficient to support mass-production deliveries, the Company will fully launch Super One mass-production deliveries.

The updated delivery timeline is as follows: once the necessary funding is in place, the Super One 800V BEV is expected to achieve its first phase of delivery within 6 to 9 months, second phase of delivery within 12 to 15 months, and third phase of delivery within 21 to 24 months; the AIHER hybrid model is expected to achieve its first phase of delivery within 9 to 12 months, second phase of delivery within 21 to 24 months, and third phase of delivery within 24 to 28 months.

Optimizing EAI Strategy Execution Cadence, Accelerating an Operational Closed Loop, and Putting Stockholders First

Although FF’s EAI Bridge Model has already enabled relatively asset-light operations, the EV business remains capital-intensive compared to the robotics business. Until the Company secures necessary funding from strategic or medium-to-long-term investors, it will continue to advance prudently in a manner that minimizes cost and investment, prioritizes efficiency, and maximizes stockholder value.

While this adjustment will affect the Super One delivery timeline, concentrating more resources in the robotics business during its critical ramp-up period is expected to substantially reduce near-term cash outflows, accelerate the formation of an operational closed loop, and lower financial risk. As a result, the Company expects to fundamentally move out of a high-risk position, move away from the highly dilutive convertible bond financing model, minimize share dilution, and maximize stockholder value.

The Company has also continued to advance discussions with potential strategic and medium-to-long-term investors, with feedback in recent weeks improving meaningfully relative to earlier periods. The Company recently successfully secured $45 million in financing from a U.S. mid-to-large institutional investor, reflecting capital markets’ growing recognition of and confidence in the “EAI Robotics + EAI EV” Dual-Engine Strategy, particularly the progress of the robotics business and the Bridge Model.

“Three-in-One” EAI Robotics Strategy Accelerates Deployment, Working to Convert First-Mover Advantage into a Sustainably Leading Position

FF's EAI Robotics business is rapidly entering scaled deployment and has been validated by both the education sector and the capital markets. This reflects the Company's first-mover advantage as the first U.S. company to deliver both humanoid and bionic robots and to comprehensively expand into the education market.

As of April 30, 2026, FF has shipped 68 EAI robots with a positive product gross margin. May shipments are expected to continue to accelerate as the Company progresses steadily toward its first delivery quarter target of 200 units. The Company expects cumulative shipments to exceed 1,000 units in 2026. More importantly, market recognition of FF's EAI Robotics strategy and execution continues to grow, laying the foundation for subsequent scaled deployment.

Through ongoing robot deliveries, ramp-up, and use case expansion, FF is building a self-reinforcing “Device-Data-Brain” business model, where scaled device deliveries and deployment drive data collection and training, which feeds the AI brain, which improves product capability, which accelerates sales and deployment, which generates more data, which advances an even smarter AI brain. Through this accelerating flywheel, FF aims to rapidly convert its first-delivery first-mover advantage in robotics into a sustainably leading position. Looking ahead, on the B2B education front, the Company will focus on advancing strategic partnerships and robot procurement agreements with the first batch of K-12 schools and universities, as well as EAI education summer camps and similar initiatives. On the B2C family education front, FF expects to accelerate execution of its strategy to bring education robots into households, continuing to drive the deployment of the first scaled EAI education system in the United States. Driven by the “EAI Robotics + EAI EV” Dual-Engine Strategy, the Company is entering a new phase of growth.

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 FX Super One production and delivery, the Company's EAI robotics business, and future financings, 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, among others, that may affect actual results or outcomes include, among others: the Company's ability to maintain its listing on Nasdaq; the availability of sufficient share capital to 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 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; demand for the Super One; demand for the Company's robotics products; competition in the robotics industry, which includes companies with far superior experience, funding and name recognition; 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; the ability of the U.S. Department of Commerce to review, condition, or prohibit robotics-related transactions with a China OEM; demand from automobile dealers for robotics products; the Company’s ability to maintain its listing on Nasdaq; the Company’s ability to timely regain compliance with Nasdaq’s $1.00 minimum bid price requirement; that the Company’s common stock will be suspended from trading on Nasdaq if the closing price of its Class A common stock is $0.10 or less for 10 consecutive trading days; the availability of sufficient share capital to 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 ability to secure the necessary agreements to upgrade the Super One to an 800V architecture or to develop the AIHER model, none of which have been finalized; the Company's ability to design and develop AIHER technology; the Company’s ability to secure financing for the 800V architecture of the Super One; the Company's ability to secure an occupancy certificate for 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; 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 robots and the timing of these development programs; the Company's estimates of the size of the markets for its vehicles and robots 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-K for the year ended December 31, 2025 filed with the SEC on March 31, 2026, and other documents filed by the Company from time to time with the SEC.

Faraday Future Announces Plans to Upgrade FX Super One MPV to More Competitive 800V EV or Accelerate AIHER Hybrid Project with Bridge Strategy Partner as the Company Continues Strong Push in Parallel with Its EAI Robotics Business

DUBLIN (AP) — Europe will send a team of diplomats from five countries and the European Union to the next round of Ukraine peace talks, the head of the European Council said Friday after a summit dominated by European efforts to avoid being shut out of U.S.-led negotiations on ending the almost five-year war.

European Council President Antonio Costa said the continent will be represented by the EU and five members of the “coalition of the willing” that backs Ukraine: the U.K., France, Germany, Italy and Poland.

Leaders debated whether Europe should be represented by one person or a team at a summit of the 27-nation European Union in Dublin. They have been concerned that a U.S.-backed process will leave them sidelined and Kyiv vulnerable as Moscow and Washington decide the fate of a conflict that has roiled the continent.

Ukraine is eager for support from its European allies. It's reluctant to leave the talks solely in the hands of a U.S. administration that has often seemed to lean toward Moscow’s views. Russia does not want European countries involved in direct negotiations, complaining they are financing and supplying Ukraine’s military effort.

European leaders also distrust U.S. President Donald Trump to negotiate on their behalf after a series of tense standoffs over trade, Greenland and conflicts in Iran and Ukraine.

“Without Europeans, there is no support for Ukraine,” French President Emmanuel Macron said Thursday at a meeting of the European Political Community in Dublin. “There is no more U.S. support.”

“At the end of the day, we will be the ones to define and decide for our future security as Europeans,” he said.

After Thursday’s meeting of the EPC, a larger group than the EU with members including the U.K. and Ukraine, Macron's office published what he called a “historic declaration” by 40 European nations affirming support for Ukraine and the continent’s collective security.

It affirmed that “the path to peace in Ukraine should be decided with Ukraine and that any matter affecting European security should be decided with the Europeans.”

European leaders fear Russian President Vladimir Putin will press Trump to back a peace settlement that weakens not just Ukraine but broader European security. Putin has demanded NATO troops be pulled back from Russia’s borders and that no European forces be deployed in Ukraine.

As envoys from Washington, Moscow and Kyiv met in Abu Dhabi, several European countries, including the U.K., France and Germany, attended discussions nearby.

U.S. envoy Jared Kushner and Ukrainian President Volodymyr Zelenskyy said after they met in Dublin late Thursday that Europe would be part of the next round of talks. Zelenskyy said Europe would send a negotiating team, adding, “They will have a voice.”

“We cannot conclude this deal without the Europeans being at the table,” Kushner said. He said Putin “is willing to give it a try.”

Kremlin spokesperson Dmitry Peskov said Thursday that Europe must first name a representative. “The Europeans squabble like spiders in a jar.”

Supporters of a single envoy, such as Italian Prime Minister Giorgia Meloni, argued that the absence of a united European voice has allowed individual countries or small groups to engage in freelance diplomacy.

“There are too many different groupings discussing the issue,” she said.

Meloni has criticized a series of seemingly uncoordinated initiatives, including an October call to Putin by Finnish President Alexander Stubb and Norwegian Prime Minister Jonas Gahr Støre, that she said could undermine European interests.

Martin said that European representation at the negotiations “can't just be European Union.”

“It's a European continentwide issue,” he said, pointing to the role of Norway and Britain in supporting Ukraine.

The question of who represents Europe is an old one. Europe itself is loosely defined. Is it the 27-nation EU, the 32-nation NATO military alliance made up mostly of European countries, the 29-nation Schengen zone, or the 47-nation European Political Community?

That has long frustrated Washington.

After this week's U.S.-brokered talks between Ukraine and Russia in the United Arab Emirates, Kushner said that “if Europe could identify one person to speak on their behalf, that would be a bigger achievement than getting the Russians to include them in the negotiation.”

That echoes the famous question often misattributed to former U.S. Secretary of State Henry Kissinger: “Who do I call if I want to call Europe?”

The decision to send a team, rather than an individual, allows for participation by members of the “coalition of the willing,” a group of nations that have pledged to underpin a future ceasefire with military support. That includes the U.K., which left the EU in 2020.

Poland is a voice for nations on the EU's eastern flank that face constant hybrid threats from Russia, including influence campaigns and disruptive drones.

It was not immediately clear who would represent the EU's institutions. Speculation had centered on Costa and the EU's top diplomat, Kaja Kallas.

Earlier this year, Costa faced criticism within the EU after his office set up a hush-hush back-channel with Moscow.

Kallas, a former prime minister of Estonia, laid claim to the envoy role Friday, saying, “I’m the one who is representing Europe in the foreign and security policy.”

“I know that the Russians don’t want me, but, you know, do we have a say, who is representing Russia?” she said. “We can’t send any person that has no institutional role like the Americans are sending.”

Some leaders deeply distrust the U.S.-brokered talks.

“In my opinion, calling them negotiations is an exaggeration,” Polish Prime Minister Donald Tusk said Thursday. “We will not build a new security architecture simply because the Russian president, or someone in the United States, wishes it.”

With Trump due to head to Beijing next week to meet Putin, German Chancellor Friedrich Merz said European leaders feared another “Anchorage moment,” a reference to the Alaska summit where they were stunned by Trump's overtures to the Russian leader in the absence of Ukrainian or European envoys.

“Please, no surprises,” Merz said. “Continue to play in team Europe and in the team with Ukraine.”

Latvian Prime Minister Andris Kulbergs noted that Europe is larger than Russia in population, economy and military might.

“We as Europe have to grow some bigger balls," he said.

Associated Press writers Geir Moulson in Berlin, Lorne Cook in Brussels and Colleen Barry in Milan contributed to this report.

Italy's Prime Minister Giorgia Meloni, left, and European Commission President Ursula von der Leyen, right, gesture ahead of the group photo during the EU Summit in Dublin, Friday, Nov. 13, 2026.(AP Photo/Virginia Mayo)

French President Emmanuel Macron stands next to European Council President Antonio Costa during the EU Summit in Dublin, Friday, Nov. 13, 2026.(AP Photo/Virginia Mayo)

Germany's Chancellor Friedrich Merz, from left, European Commission President Ursula von der Leyen and French President Emmanuel Macron chat during the EU Summit in Dublin, Friday, Nov. 13, 2026.(AP Photo/Peter Morrison)

Ireland's Prime Minister Micheál Martin welcomes European Commission President Ursula von der Leyen to the EU Summit in Dublin, Friday, Nov. 13, 2026.(AP Photo/Virginia Mayo)

U.S. special envoys Steve Witkoff, right, Jared Kushner, U.S. President Donald Trump's son-in-law, left, and Ukraine's President Volodymyr Zelenskyy speak to the media at the airport in Dublin, Thursday, Nov. 12, 2026.(AP Photo/Peter Morrison)

Ukraine's President Volodymyr Zelenskyy, left, speaks with European Commission President Ursula von der Leyen during a meeting of the European Political Community (EPC), in Dublin, Thursday, Nov. 12, 2026. (AP Photo/Virginia Mayo)

Ukraine's President Volodymyr Zelenskyy, right, speaks with Germany's Chancellor Friedrich Merz during a round table meeting of the European Political Community (EPC), in Dublin, Thursday, Nov. 12, 2026. (AP Photo/Virginia Mayo)

Britain's Prime Minister Andy Burnham, left, sits next to the President of Ukraine Volodymyr Zelenskyy, with other European leaders in attendance, during the Ukraine security meeting as part of the European Political Community (EPC) summit in Dublin, Ireland, Thursday, Nov. 12, 2026. (Stefan Rousseau/PA via AP, Pool)

Ukraine's President Volodymyr Zelenskyy and French President Emmanuel Macron meet during the European Political Community (EPC) Summit in Dublin, Thursday, Nov. 12, 2026.(AP Photo/Virginia Mayo)

Ukraine's President Volodymyr Zelenskyy stands next to French President Emmanuel Macron, right, and Ireland's Prime Minister Micheál Martin as they pose for a family photo of all participants during the European Political Community (EPC) Summit in Dublin, Thursday, Nov. 12, 2026.(AP Photo/Peter Morrison)