Faraday Future Intelligent Electric Inc. (FFAI) announced the completion of the sale of its robotics business to FF EAI Robotics Ecosystem Inc. (FFR) on October 23, 2026. The transaction, valued at $200 million, involved the transfer of the Robotics Business, including all related assets, intellectual property, data, contracts, employees, and liabilities, to FFR.
Under the agreement, FFR issued 1,315,313 shares of common stock and 65,475 shares of newly designated non-voting convertible preferred stock to the seller. The preferred shares are convertible into common stock at a rate of 1,000 shares per share and carry no special economic rights. FFR has agreed to seek stockholder approval for the issuance of the purchaser stock consideration and related amendments to its certificate of incorporation.
Key terms of the deal include a lock-up agreement for the seller parties, prohibiting the sale of the issued shares for 18 months. Additionally, the seller parties are prohibited from engaging in competitive robotics businesses for two years following the closing. FFR has also agreed to file a registration statement covering the shares issuable upon the exercise of assumed options.
FFR has appointed YT Jia as Chief Executive Officer and Jerry Wang as Executive Chairman. The company expects October 2026 robot sales and shipments to exceed 300 units, bringing cumulative shipments to more than 1,100 units. FFR also provided full-year 2026 guidance, anticipating approximately 2,000 robot sales for the year.
Faraday Future will continue to operate as a Robotaxi and EAI Cabin shared mobility operations company and a Physical AI investment holding company. The company remains listed on Nasdaq under the ticker symbol FFAI, while FFR will trade under the symbol FFR.
