Faraday Future Announces Completion of FFR’s Acquisition of FF Robotics Business, Establishing a Nasdaq-Listed Humanoid and Bionic Robotics Platform; October Robot Sales to Exceed 300 Units; Unveils FF OmniMind, a Unified AI Brain for All Robots

NEW YORK--(BUSINESS WIRE)--Oct 26, 2026--

Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) (“FFAI” or “Faraday Future”), a California-based global Embodied AI (EAI) ecosystem company, today provided an update following FF EAI Robotics Ecosystem Inc. (NASDAQ: FFR) (“FFR”), a U.S.-based Embodied AI robotics company, announced at the deal closing and its first Investor Day event in New York that it had completed its acquisition of FFAI’s robotics business and related assets on October 23, 2026. The related business operations and assets have been transferred to FFR, and FFR has issued and delivered common shares and non-voting convertible preferred shares to Smart Technology Holdings Ltd., a subsidiary of FFAI, as transaction consideration. Following the transaction, FFR continues trading on Nasdaq as a pure-play company focused on humanoid and bionic Physical AI robotics within a “Four-Core Full-Stack AI” ecosystem.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20261026032491/en/

Watch Video: https://youtu.be/RmJ-wYDK_9Y

FFR Completes Board and Management Changes; YT Jia Appointed CEO

FFR has completed changes to its Board and management team. YT Jia will serve as CEO, Jerry Wang as Executive Chairman, and Chen Shi as Lead Independent Director, and Jason E. Dodier as independent director. YT Jia has voluntarily chosen not to increase his cash compensation in connection with his new role at this stage, as a step to align his personal interests with those of FFR and its stockholders.

As the first U.S. company to deliver both humanoid and bionic robots, FFR is working to turn its first-mover advantage into a competitive lead. In less than a year, FFR has taken initial steps toward building a complete “Four-Core Full-Stack AI” ecosystem and developing distinct EAI technology strengths, including its “One Brain, All Robots; Multi-Forms, Multi-Capabilities” approach. FFR has completed Phase One of its “Built in USA” Acceleration Program, and FF Robot World 2.0 is now complete.

“We believe FFR has become the No. 1 provider of K–12 robotics education in the United States, and will soon become the No. 1 company in robotics education nationwide. Over the next five years, our goal is to rank among the top three companies in the Physical AI robotics industry overall and to become one of the most valuable EAI companies in the Physical AI era,” said YT Jia, CEO of FFR and Global CEO of FFAI.

FFR Unveils FF OmniMind, a Unified AI Brain Powering All Robotic Forms Under “One Brain, All Robots; Multi-Forms, Multi-Capabilities”

FFR’s four-core ecosystem is advancing across the EAI Brain and Developer Platform, EAI Devices, Industry Productivity Solutions, and EAI Data Factory. FFR is also advancing development across its four industry ecosystems: Education and Research; Security and Inspection; Industrial and Logistics; and Commercial and Services.

FFR announced that the brand name for FF Brain is FF OmniMind. Guided by the “One Brain, All Robots; Multi-Forms, Multi-Capabilities” philosophy, OmniMind comprises foundation models, motion control, and skills. Together, these components form a unified AI brain designed to work across robotic forms, tasks, and scenarios, empower robots, and support the transition from task-specific autonomy toward general-purpose autonomy.

For the EAI Devices core, FFR expects October sales and shipments to exceed 300 robots, setting a new monthly record for the acquired robotics business. By the end of October, cumulative sales and shipments are expected to exceed 1,100 robots. FFR continues to deliver robots at positive unit gross margins.

For the Industry Productivity Solutions core, the security and inspection solution has entered the proof-of-concept stage with an initial group of customers and industry partners. For the EAI Data Factory core, FFR continues to deliver egocentric data and receive payments for those deliveries. The Company is also advancing large-scale data deliveries to leading AI and robotics customers.

In addition, FFR believes that RoboShare is becoming the robot-sharing platform with the North America’s largest fleet and widest variety of robots.

“Four-Core Full-Stack AI” products and technologies primarily serve the Education and Research ecosystem, Security and Inspection ecosystem, Industrial and Logistics ecosystem and FFR’s Commercial and Services ecosystem.

FFR Announces Strategic Partnerships with KYA GROUP, California Science and Technology University and Boston International Business School, and Pinnacle

At the event, FFR announced three strategic partnerships: a partnership with KYA GROUP; a comprehensive strategic partnership with California Science and Technology University and Boston International Business School to establish the BIBS-FF-CSTU Joint Robotics Lab; and a partnership with Pinnacle.

FFR’s strategic partnership with California-based professional services company KYA GROUP is intended to help FFR reach U.S. federal government and large institutional markets. KYA GROUP serves the U.S. government procurement, education, security, and public infrastructure sectors, with a broad customer network and experience in large-scale projects. Third-party data indicates that KYA GROUP has more than 1,000 government procurement-related records in California involving more than 200 public agencies. A KYA GROUP affiliate holds a U.S. General Services Administration Multiple Award Schedule contract covering 23 approved procurement categories. The collaboration is intended to support access to federal procurement opportunities and create new opportunities for FFR’s EAI robotics products in government procurement markets.

FFR has also entered into a comprehensive strategic partnership with California Science and Technology University and Boston International Business School. The parties plan to establish the BIBS-FF-CSTU Joint Robotics Lab.

FFR has partnered with Pinnacle, one of Southern California’s leading real estate brokerages, on B2B real estate brokerage solutions and B2C home security solutions.

FFR Issues 2026 Full-Year Guidance for the First Time

Based on its current business progress and momentum, FFR issued full-year 2026 guidance for the first time. The acquired robotics business expects sales and shipments of approximately 2,000 robots on a standalone full-year 2026 basis, while maintaining positive unit gross margins on robot deliveries. This standalone full-year guidance includes periods before the acquisition and does not represent FFR’s reported consolidated results for 2026; FFR will include the acquired business’s results in its consolidated financial statements only from the October 23, 2026 closing date.

The guidance reflects management’s confidence in FFR’s near-term performance and growth prospects, as well as its determination to accelerate efforts to maximize value for stockholders.

In its five-year business plan outlook, FFR projects 2027 revenue of approximately $45.2 million, including $32.5 million from the EAI Devices core and $12.7 million from the other three ecosystem cores, and EAI Device sales of approximately 7,400 units. Over the next five years, the outlook projects cumulative revenue of approximately $1.98 billion, including approximately $1.08 billion from the EAI Devices core and $900 million from the other three ecosystem cores, and cumulative EAI Device sales of approximately 133,000 units. These projections are subject to significant uncertainties and are not guarantees of future performance.

FFR also invited people with expertise in Physical AI, particularly AI brain technology, marketing and sales, and business development, to join FFR and work with its team to advance technology and create value across the industry.

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/

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 and FFR’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 and FFR’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 risk that FFR’s standalone guidance and longer-term projections are not achieved; FFR’s ability to successfully integrate and operate the acquired business; and 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 FFAI’s and FFR’s management’s future and current expectations are not guarantees of future performance and speak only as of the date of this release. Except as required by applicable law, Faraday Future undertakes no obligation to update these statements.

Faraday Future Announces Completion of FFR’s Acquisition of FFAI Robotics Business, Establishing a Nasdaq-Listed Humanoid and Bionic Robotics Platform October Robot Sales Expected to Exceed 300 Units; Unveils FF OmniMind, a Unified AI Brain for All Robots

Faraday Future Announces Completion of FFR’s Acquisition of FFAI Robotics Business, Establishing a Nasdaq-Listed Humanoid and Bionic Robotics Platform October Robot Sales Expected to Exceed 300 Units; Unveils FF OmniMind, a Unified AI Brain for All Robots

Faraday Future Announces Completion of FFR’s Acquisition of FFAI Robotics Business, Establishing a Nasdaq-Listed Humanoid and Bionic Robotics Platform October Robot Sales Expected to Exceed 300 Units; Unveils FF OmniMind, a Unified AI Brain for All Robots

CORINTH, Miss. (AP) — President Donald Trump campaigned Monday in Mississippi, as he continues a closing midterm rally blitz that highlights Republicans' challenges ahead of an election that could drastically shift power in Washington and statehouses across the country.

“I'm here because Cindy’s doing great, but I just got to make sure. I can’t take a chance,” Trump told the crowd, his voice audibly hoarse, as he worked to boost Republican Sen. Cindy Hyde-Smith, who is facing a surprisingly stiff challenge from Democrat Scott Colom.

Colom was spotted at the rally site, too, creating the rare spectacle of Trump's staunchest supporters interacting directly with a figure the president would soon go on to denigrate as a “Marxist radical” and “fake" and “shameless phony who pretends to be a moderate” from the stage.

Mississippi, among the nation’s most reliably Republican states, is not where the GOP envisioned needing a late-October stop from the president. But Colom is one of many Democratic underdogs who have managed to expand the House and Senate battleground maps because of widespread voter discontent over inflation, the Iran war and other aspects of Trump’s second presidency.

He said he had planned to go to the rally site to listen to what was on Trump supporters' minds.

"They actually deserve a senator that will listen to them, that actually cares about what they think, actually cares about what they’re going through,” Colom said ahead of the president's arrival for the evening event.

Colom's spokesperson later posted a photo on X, saying he had “chatted with folks in line for the Trump rally because Scott is running to represent ALL Mississippians.”

Trump's event kicks off a week of aggressive campaigning that will include more stops in states he won comfortably in 2024, including Texas, South Carolina and Iowa.

Top Democratic candidates and their surrogates were also greeting voters — more than 30 million of whom have already cast ballots — as they try to end Republicans' threadbare majority in the House, take over a Senate majority that was once thought secure for Republicans and end the GOP’s national advantage in state capitals.

Former Vice President Kamala Harris, Democrats' 2024 presidential candidate, was campaigning in Wisconsin with Milwaukee County Executive David Crowley, who faces Rep. Tom Tiffany, a Trump ally, for governor. Crowley would be the state’s first Black governor if elected to lead the battleground state.

“This is a tight race because the stakes are so high,” Harris said at the event billed as a “Women for Crowley” rally.

Georgia Democratic Sen. Jon Ossoff and gubernatorial nominee Keisha Lance Bottoms were getting an assist from Kentucky Gov. Andy Beshear, chairman of the Democratic Governors Association and a likely 2028 presidential candidate, two days after Trump made his second October visit to the state.

Meanwhile, in Michigan, Democratic Senate candidate Abdul El-Sayed distanced himself from an ad created by a political action committee called Rebellion PAC that blames high grocery prices on U.S. support for Israel.

“This ad is not affiliated in any way with the Abdul for Senate campaign,” a spokesperson for El-Sayed, Roxie Richner, said in a statement about the spot, which features a couple discussing U.S. support for Israel as they shop for groceries.

“Apparently it’s costing us a lot of money to drop bombs on Gaza,” the woman says.

The ad had been condemned by U.S. Rep. Haley Stevens, who narrowly lost to El-Sayed in the Democratic primary.

The way to win Michigan “is not by blaming the high costs of our goods on the only Jewish homeland in the world,” Stevens wrote on X.

El-Sayed, who would be the country’s first Muslim senator, has denounced antisemitism while fiercely criticizing Israel for its military operations in Gaza — a position that has been a frequent point of attack for both Republicans and supporters of Israel in his party.

Vice President JD Vance traveled to Kansas on behalf of Sen. Roger Marshall, who finds himself in a tight contest with Democratic nominee and pastor Adam Hamilton. Hundreds of people were gathered inside the warehouse of a steel-fabricating company in north Topeka in a state where Democrats haven’t won a Senate race since 1932.

Marshall told the crowd that Trump is on the ballot, even if his name doesn’t appear, because of how Democrats will thwart his agenda if they win control of Congress.

“Democrats are coming out like it’s a presidential year,” he said, calling for GOP enthusiasm to match Democrats’ energy.

Jace Sullivan, a 50-year-old electrician from Topeka who describes himself as “85% Republican,” said Trump supporters need to “circle the wagons” and get out to vote.

Wearing a red “JD Vance for President 2028" shirt, he said he thinks Trump is rightly working to keep Iran from getting nuclear weapons.

“Gas prices are high and it does suck, but it’s a means to an end,” Sullivan said.

Earlier, Vance was in Belgrade, Montana, to campaign with Republican Aaron Flint, who is facing Democrat Sam Forstag in the race for the state’s 1st Congressional District, and Republican Senate candidate Kurt Alme.

Sen. Tim Scott, who serves as chairman of the National Republican Senatorial Committee, told The Associated Press that GOP candidates are “closing very strongly” in races across the country, including South Carolina, which Trump is set to visit for the second time in as many weeks to stump for GOP Sen. Darline Graham.

“One of the reasons why we will be in the majority is because he has invested the time and the energy on the campaign trail,” Scott said on the sidelines of U.S. Rep. Russell Fry’s 3rd Annual Freedom Fry event.

But it's Trump's visit to Mississippi that perhaps brings the midterm landscape into the sharpest relief with just a week of campaigning left.

To be sure, Hyde-Smith, who is vying for her second full term, remains the favorite in a state Trump won three times by an average of nearly 20 percentage points.

But Colom, a local prosecutor who would make history as Mississippi's first Black senator since post-Civil War Reconstruction, is looking to parlay inflation, Trump's lagging popularity and Hyde-Smith's mistakes into an upset.

Colom has outpaced Hyde-Smith in fundraising since he launched his campaign last year, and he caught national attention this month with an ad that played off Hyde-Smith dismissing beef prices — driven higher by Trump's tariffs and fuel spikes resulting from the Iran conflict. The ad features Hyde-Smith, a former state agriculture commissioner, saying that consumers “have so many other proteins to choose from,” followed by several characters, and then Colom, saying Mississippi should “ pick another senator instead. ”

Senate Democrats’ super PAC has been a late entry in the contest, with a $1.2 million investment. Mississippians have not chosen a new Democratic senator since 1947, and Democrats last won a Senate race there when that senator, the onetime segregationist John Stennis, won his last reelection in 1982.

In New York, meanwhile, one of the party’s most vulnerable House members pulled from Trump’s campaign playbook. Rep. Mike Lawler, who is in a tight race with Democrat Cait Conley in New York City’s northern suburbs, manned a McDonald’s drive-thru — mimicking something Trump did two years ago, even as Lawler has tried to emphasize his independence from the president.

Barrow reported from Atlanta and Colvin from New York. Associated Press reporters John Hanna in Topeka, Kansas; Meg Kinnard in Columbia, South Carolina; Laura Turbay in St. Paul, Minnesota; Jonathan J. Cooper in Phoenix; Seung Min Kim in Belgrade, Montana, and Anthony Izaguirre in New York contributed.

Former Vice President Kamala Harris speaks at Women for Crowley event Monday, Oct. 26, 2026, in Milwaukee. (AP Photo/Nam Y. Huh)

Sen. Cindy Hyde-Smith, R-Miss., talks before President Donald Trump speaks at a campaign rally at Crossroads Arena, in Corinth, Miss., Monday, Oct. 26, 2026. (AP Photo/Jacquelyn Martin)

President Donald Trump arrives at a campaign rally at Crossroads Arena, in Corinth, Miss., Monday, Oct. 26, 2026. (AP Photo/Jacquelyn Martin)

People watch as President Donald Trump's motorcade heads to a campaign rally in Corinth, Miss., Monday, Oct. 26, 2026. (AP Photo/Jacquelyn Martin)

President Donald Trump yells as he arrives on Air Force One at Frederick W. Smith Airport, in Memphis, Tenn., Monday, Oct. 26, 2026, en route to a campaign rally in Mississippi. (AP Photo/Jacquelyn Martin)

Vice President JD Vance reacts after speaking at a campaign rally at Bozeman Yellowstone International Airport, Monday, Oct. 26, 2026, in Belgrade, Mont. (Finn Gomez/Pool Photo via AP)

Minnesota Lt. Gov. Peggy Flanagan, left, a Democratic candidate for U.S. Senate, receives an embrace from Sen. Bernie Sanders, I-Vt., at a campaign rally Saturday, Oct. 24, 2026, at Lincoln Park Middle School in Duluth, Minn. (AP Photo/Erica Dischino)

President Donald Trump arrives to speak during a campaign rally at McMorran Place Sports and Entertainment Center, Sunday, Oct. 25, 2026, in Port Huron, Mich. (AP Photo/Julia Demaree Nikhinson)