FF EAI Robotics Ecosystem Inc. (NASDAQ: FFR) announced on October 26, 2026, that it has completed the acquisition of the robotics business and related assets of Faraday Future Intelligent Electric Inc. (FFAI). The transaction closed on October 23, 2026, and consideration was issued and delivered to Smart Technology Holdings Ltd., a subsidiary of FFAI, in the form of common shares and non-voting convertible preferred shares.
Following the closing, FFR continues trading on the Nasdaq Stock Market as a pure-play company focused on humanoid and bionic Physical AI robotics. The company stated that the acquired business operations and assets have been transferred to FFR.
FFR announced significant changes to its leadership, appointing YT Jia as Global CEO, Jerry Wang as Executive Chairman, and Chen Shi as Lead Independent Director. The company also unveiled FF OmniMind, a unified AI brain designed to power various robotic forms under the philosophy of "One Brain, All Robots; Multi-Forms, Multi-Capabilities."
In terms of operational performance, FFR expects October sales and shipments to exceed 300 robots, with cumulative sales and shipments expected to exceed 1,100 units by the end of the month. The company continues to deliver robots at positive unit gross margins.
FFR issued first-time full-year 2026 guidance for the acquired robotics business, projecting sales and shipments of approximately 2,000 robots on a standalone basis. The company also outlined a five-year business plan outlook, projecting 2027 revenue of approximately $45.2 million, including $32.5 million from the EAI Devices core, and cumulative revenue of approximately $1.98 billion over the next five years.
Additionally, FFR announced three strategic partnerships: with professional services company KYA, California Science and Technology University and Boston International Business School to establish a Joint Robotics Lab, and with real estate brokerage Pinnacle.
