Faraday Future Founder and Global CEO YT Jia Shares Weekly Investor Update: June Shipment, Sales and Deliveries Hit 242 units, Company Plans to Raise Yearly Shipment Target to 2,000 Units and Becomes the “Star of the Show” at the Automate Conference
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.
“For Weekly Report Issue #61, I’d like to start with two important bits of progress: FF EAI robots reached another record-high month of sales, shipments, and deliveries, and we are raising our full-year target once again. This is also an early result that the team and I are proud to share, nearly two months after I returned as FF Global CEO and began driving our five new transformations.
In June, sales, shipments, and deliveries of FF EAI robots reached 105 units. From March through June, cumulative volume reached 242 units, exceeding our original target of 220 units.
At the same time, we have decided to raise our full-year shipment target to 2,000 units. This marks the second increase to our full-year target, following our April adjustment from 1,000 units to 1,500 units.
So why has FF’s robotics business continued to exceed expectations, and what gives us the confidence to keep raising our delivery targets?
First, our five unique strengths are beginning to show. Our robot device capability, in particular, is already becoming a real competitive advantage. With the six major series of the Full-Form FF EAI Robot World now complete, our “one brain, multiple forms” all-star robot super group is demonstrating unique value. At the same time, our other four strengths — the EAI Brain, Data Factory, Industry Bridge, and ecosystem flywheel — are also being gradually unleashed.
Second, our products and technologies continue to evolve. We are building a full-stack EAI solution built on “VLA + World Model,” centered on the EAI Brain, and supported by our developer platform and Data Factory. Our first-stage goal is to build the No. 1 EAI Brain and No. 1 foundation model for the EAI robotics education ecosystem in the U.S. and, eventually, globally.
Third, our sales capability and vertical industry ecosystem are gaining market validation and strong recognition from partners, schools, and government stakeholders. I will share more progress on this front in next week’s weekly report.
Fourth, our team and organizational capabilities continue to strengthen. With the ultimate return of the founding team, our “Human + AI Agent” organizational model has significantly improved both decision-making and execution efficiency.
Another piece of good news this week came from Automate. As the largest robotics and automation trade show in North America, Automate gave FF a powerful stage for our first appearance at the event. The Full-Form FF EAI Robot World drew tremendous attention, becoming “the star of the show” and one of the most popular must-visit booths at this year’s show. It attracted large crowds, potential customers, and ecosystem partners, and received focused coverage from mainstream media, including FOX, ABC, NBC, NPR, and others. LA Weekly even described FF as trying to build the Apple of robotics.
The strong momentum on the show floor showed that FF brought consumer-electronics-level excitement to a professional robotics trade show. To me, this points to three important signals:
No.1, Physical AI is accelerating toward real-world applications and mass adoption.
No.2, as a U.S.-based EAI robotics company, FF is leveraging its Three-in-One ecosystem strategy and five unique strengths to help move the industry beyond single-product competition and into a new stage defined by practical applications, ecosystem development, and scaled deployment.
No.3, this is not only recognition of FF’s product power, but also recognition of FF’s role in accelerating the arrival of the EAI robotics era through disruptive Physical AI innovation.
Next week, from June 29 to July 1, FF will also take part in ISTE Live 2026 in Orlando, the largest education technology conference in North America. We will use this opportunity to advance collaboration with K–12 schools, educational institutions, FF Par partners, developers, and ecosystem partners. On the B2B side, we will accelerate the adoption of EAI robotics education products and solutions across more schools, educational institutions, and FF Par partners. On the B2C side, we will continue to use family education as the first-stage entry point into the consumer robotics market. Our goal is to build an EAI education ecosystem for children, schools, and the future talent pipeline, and to open the door to the Physical AI world for children at an earlier age.
On the capital side, this Friday, the company filed a new S-3 registration statement with the SEC in accordance with applicable rules. This is a renewal filing ahead of the expiration of the original S-3 registration statement, which became effective in June 2023. The purpose is to maintain financing flexibility during this critical phase of implementing our Three-in-One strategy. Over the past three years, the company has used the S-3 very prudently. Of the original $300 million registered amount, only approximately $28 million was actually issued. Going forward, the company will continue to practice “Stockholders First,” gradually reduce its reliance on convertible debt financing, and move toward a healthier financing structure centered on operating cash flow, mid- to long-term financial investors, and strategic investment.
On the EAI EV side, the U.S. Patent and Trademark Office recently granted FF a patent for its AIHER range-extending hybrid transmission system. FF’s first-of-its-kind technology featuring a “range-extension-first, hybrid-assist” architecture will provide the industry with a more efficient powertrain solution. It preserves the refueling advantages of traditional internal combustion vehicles while delivering an electric-motor-driven experience and reducing mechanical complexity. This further strengthens FF’s technical barriers and competitive moat in the Physical AI era.
That’s all for this week. 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 timely regain compliance with Nasdaq’s minimum bid requirement; the Company’s common stock will be suspended from trading on Nasdaq if it’s closing price is $0.10 or less for 10 consecutive trading days; 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, 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 willingness of convertible debt investors to fund the Company while it lacks sufficient share capital for conversions; 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 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.