FF EAI Robotics Ecosystem Inc. (FFR) announced on October 23, 2026, that it has completed the acquisition of the robotics business of Faraday Future Intelligent Electric Inc. (FFAI). The transaction involved the acquisition of all issued and outstanding shares of FF EAI Robotics Inc. (RobotCo) from Smart Technology Holdings Ltd. in exchange for 1,315,313 shares of common stock and 65,475 shares of Series C Non-Voting Convertible Preferred Stock.
Under the terms of the transaction, RobotCo merged with and into a wholly owned subsidiary of FFR. As part of the closing, the Company issued the consideration securities to the Cayman Seller in reliance on Section 4(a)(2) of the Securities Act of 1933, meaning the transaction was conducted without a public offering. The Series C Preferred Stock is convertible into an aggregate of 65,474,624 shares of common stock, subject to adjustments.
FFR has appointed Yueting Jia as Chief Executive Officer and Jiawei Wang as Executive Chairman. Mr. Jia, age 52, previously served as the Company’s Chief Advisor and Global Co-Chief Executive Officer of FFAI. His employment agreement includes an annual base salary of $500,000 and a target annual bonus of $500,000. He is also eligible for annual equity awards with a target grant-date value of $3 million. Mr. Wang, who is Mr. Jia’s nephew, will oversee the Company’s finance, capital markets, legal, and operations functions.
In connection with the acquisition, FFR and FFAI entered into a Common Technology License Agreement, granting FF AI-Robotics an exclusive, perpetual, royalty-free license to specified technology used in the robotics business. Additionally, an Intellectual Property Assignment Agreement transferred intellectual property rights used exclusively in robotics to FF AI-Robotics.
FFR provided its first full-year 2026 guidance, expecting robot sales and shipments of approximately 2,000 units. The Company noted that robot sales and shipments in October 2026 exceeded 300 units, bringing cumulative shipments to more than 1,100 units. FFR also stated that it is continuing to deliver robots at a positive unit gross margin.
