Faraday Future Announces Completion of FF EAI Robotics Ecosystem's (FFR) Acquisition of Faraday Future's Robotics Business and Establishment of a Nasdaq-Listed Humanoid and Bionic Robotics Platform

NEW YORK--(BUSINESS WIRE)--Oct 26, 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 the completion of FF EAI Robotics Ecosystem Inc. ("FFR") (NASDAQ: FFR), acquisition of FF’s robotics business, finalized on October 23, 2026. Following the transaction, FFR will operate the robotics business and continue trading on Nasdaq under the ticker symbol "FFR." Faraday Future will continue trading on Nasdaq under the ticker symbol “FFAI.”

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In connection with the acquisition, FFR has appointed YT Jia as Chief Executive Officer, Jerry Wang as Executive Chairman, and Chen Shi as Lead Independent Director. Mr. Jia will continue to serve as the Chief Executive Officer of Faraday Future and Mr. Wang will continue to serve as the Executive Chairman of Faraday Future.

FFR expects October 2026 robot sales and shipments to exceed 300 units, setting a new monthly record and bringing cumulative shipments to more than 1,100 units, while continuing to deliver robots at a positive unit gross margin.

FFR is also providing full-year 2026 guidance for the first time. The robotics Business currently expects 2026 robot sales and shipments of approximately 2,000 robots, while continuing to deliver robots at a positive unit gross margin. Management believes that FFR’s commercialization strategy, planned production ramp, and growing market opportunity position it to pursue sustainable growth and create long-term value for stockholders.

“This transaction represents a transformative milestone for both companies and reinforces our long-term vision to become a leader in the Embodied AI era,” said YT Jia, Founder and Chief Executive Officer of Faraday Future. “Combining RoboShare’s capabilities with a dedicated public-company platform for robotics positions us to accelerate technology development, AI innovation, and commercial growth while expanding the adoption of intelligent robotic solutions across everyday commercial and industrial use cases. We believe FFR’s full-stack robotics ecosystem creates a powerful platform to drive industry advancement, unlock new opportunities, and help build the future of Physical AI.”

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/.

ABOUT FF EAI ROBOTICS ECOSYSTEM INC.

FF EAI Robotics Ecosystem Inc. (NASDAQ: FFR) is a U.S.-based Embodied AI robotics company focused on the research and development, manufacturing, commercialization and deployment of intelligent robotic technologies, products and industry solutions. FFR is building a "Four-Core Full-Stack" AI ecosystem covering the full lifecycle of robotics, consisting of EAI Brain & Developer Platform, EAI Devices, Industry Productivity Solutions, and EAI Data Factory. Guided by the technology and product philosophy of “One Brain, Multi-forms, Multi-capabilities,” FFR aims to empower humanoid, biomimetic, and other robotic form factors through a unified EAI Brain, while continuously expanding their multi-task and multi-scenario capabilities. The ecosystem is designed to support the full robotics lifecycle, including R&D, deployment, data collection and training, operations, and commercial applications. FFR also operates RoboShare, a robot-sharing and services platform.

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 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 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 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 management’s future and current expectations are not guarantees and speak only as of the date of this release. Except as required by applicable laws, Faraday Future undertakes no obligation to update these statements except as required by law.

Faraday Future Announces Completion of FF EAI Robotics Ecosystem's (FFR) Acquisition of Faraday Future's Robotics Business and Establishment of a Nasdaq-Listed Humanoid and Bionic Robotics Platform

Faraday Future Announces Completion of FF EAI Robotics Ecosystem's (FFR) Acquisition of Faraday Future's Robotics Business and Establishment of a Nasdaq-Listed Humanoid and Bionic Robotics Platform

Faraday Future Announces Completion of FF EAI Robotics Ecosystem's (FFR) Acquisition of Faraday Future's Robotics Business and Establishment of a Nasdaq-Listed Humanoid and Bionic Robotics Platform

Faraday Future Announces Completion of FF EAI Robotics Ecosystem's (FFR) Acquisition of Faraday Future's Robotics Business and Establishment of a Nasdaq-Listed Humanoid and Bionic Robotics Platform

NEW YORK (AP) — The Trump administration illegally fired Maurene Comey, the daughter of ex-FBI Director and Trump critic James Comey, as a Justice Department prosecutor, a judge ruled Monday, sharply rebuking the administration’s authority to terminate career federal employees it dislikes.

The ruling is tailored to Maurene Comey but its import stretches beyond her case, repudiating the claim of President Donald Trump’s administration that the Constitution permits such firings for any reason. Administration officials have cited that belief repeatedly in a sweeping purge of the federal workforce.

Comey, an assistant U.S. attorney for a decade, was fired in July 2025 despite her work on some of the nation’s highest-profile cases and consistently receiving “the highest accolades from supervisors and peers alike,” Judge Jesse M. Furman found.

After her firing, Comey sued the Justice Department and others, saying her termination violated the constitutional separation of powers, the First Amendment and the Due Process Clause of the Fifth Amendment.

She asserted that she was fired because she was the daughter of James Comey, whom Trump has long viewed as an enemy, or because of her perceived political affiliation and beliefs, or both, the judge noted.

Furman rejected the government's claim that Comey could be fired because federal prosecutors exercise the president's “conclusive and preclusive” powers.

He also said the government's claim that Congress is barred from regulating the removal of federal prosecutors “flies in the face of nearly two centuries of Supreme Court precedent.”

Furman added: “Indeed, to accept Defendants’ argument would be to unsettle the very equilibrium established by this Nation’s constitutional system.”

The firing violated the separation of powers, the Administrative Procedure Act and her Fifth Amendment due process and statutory rights, the judge ruled. He reserved judgment on Comey's First Amendment claim pending further arguments, though he said he was inclined to dismiss it because it was largely moot since she is now in private practice and no longer seeks actual reinstatement.

Furman, who was nominated to the bench in 2011 by then-Democratic President Barack Obama, granted Comey retroactive reinstatement and back pay from the date of her firing through Dec. 20 to “make her whole” and ensure that she doesn't suffer adverse employment consequences for the “unlawful termination.”

In a statement, the Justice Department said it “disagrees with this decision and will appeal in due course.”

Comey’s lawyers, Ellen Blain, Nicole Gueron, Deepa Vanamali and Margaret Donovan, lauded the ruling.

“This hard-earned victory belongs to Ms. Comey, to all civil servants, and to all fighting for the rule of law,” they said in a statement. “As the Court correctly held, to accept the government’s argument about unlimited executive power ‘would be to unsettle the very equilibrium established by this Nation’s constitutional system.’ This decision reaffirms our bedrock system of checks and balances: the President is not above the law.”

Comey was fired two weeks after leading the prosecution of music mogul Sean “Diddy” Combs, which ended in a conviction on prostitution-related charges but an acquittal on others. She also worked on the sex trafficking prosecutions of Jeffrey Epstein, the financier who killed himself in jail a month after his arrest in 2019, and Epstein’s former girlfriend and longtime confidant Ghislaine Maxwell, who was convicted in 2021 and is serving a 20-year prison sentence.

The Justice Department during the Trump administration has fired scores of career employees, including prosecutors and FBI agents, who participated in investigations of Trump or who were perceived as opposed to the administration’s agenda. Some of those firings have also resulted in federal lawsuits.

The firing of Maurene Comey was seen as particularly personal, given her father’s longtime adversarial relationship with Trump.

The president fired James Comey as FBI director in May 2017 as the bureau was investigating ties between Russia and the Republican’s successful 2016 campaign for the White House. Trump in the years since has repeatedly called for Comey to be jailed, and his Justice Department has worked with mixed success to make that happen.

An earlier criminal case accusing James Comey of having lied to Congress in 2020 was dismissed by a judge who concluded that the prosecutor who filed the charges was illegally appointed. A separate pending indictment charges the former FBI director with threatening Trump through an Instagram photo of seashells in the numerical arrangement of “86 47,” a case he has sought to dismiss that some legal experts have greeted with skepticism.

Tucker and Durkin reported from Washington.

In this photo taken with a smartphone former Assistant U.S. Attorney Maurene Comey and her husband Lucas Issacharoff leave a hearing in her lawsuit over her firing by the Justice Department at a Manhattan federal courthouse on Dec. 4, 2025, in New York. (AP Photo/Michael R. Sisak)

FILE - Assistant U.S. Attorney Maurene Comey is outside court during the Sean "Diddy" Combs' sex trafficking trial, June 3, 2025. (AP Photo/Ted Shaffrey, File)