Faraday Future (FF) founder, partner, and Chief Product and User Ecosystem Officer Jia Yueting announced today that FF’s robotics business has entered a new stage of rapid, volume-driven revenue growth and is exploring independent financing and a separate listing.
Jia Yueting said that in the second half of the year, the company will continue advancing its “Five Major Transformations” and fully launch its Q3 campaign to make “Four-Core Full Intelligence” robots practical, with the following measures:
1. On the business side, advance the implementation of all businesses across the “Four-Core Full Intelligence” ecosystem and expand revenue:
Core 1, the EAI embodiment: accelerate the ramp-up of sales, shipments, and deliveries, with a focus on expanding in California, Texas, New York, and the U.S. East Coast, and achieve the target of selling and shipping 2,000 units by year-end as soon as possible.
Core 2, the EAI brain: further deepen the integration of NVIDIA’s technology stack with FF’s self-developed EAI brain, robotics platform, and data infrastructure; advance GR00T training and validation for embodied-intelligence capabilities such as complex grasping and multi-step operations; and move the SONIC system from simulation training to whole-body control on physical robots, accelerating cross-form and cross-platform capability transfer among robots.
Core 3, industry productivity solutions and the developer platform: develop standardized, replicable, and scalable industry productivity solutions across four industry ecosystems—education, industrial applications, security inspection, and other existing markets—particularly by replicating the world’s first “Four-Core Full Intelligence” EAI robotics education ecosystem across the United States. The company plans to produce 100 Skills by year-end and expand its developer community to 200 individuals and organizations.
Core 4, the EAI data factory: target qualified real-world data collection capacity of 2,100 hours per month by the end of August and 20,000 hours per month by the end of December, reaching a cumulative total of 50,000 hours for the year and continuously strengthening the self-evolving flywheel effect of real-world data.
2. On finance and capital, the robotics business achieved an average gross margin of more than 30% in the first half of the year, and the overall business developed rapidly. However, FFAI’s overall financial performance was unsatisfactory, primarily due to legacy burdens and automotive debt, and we continue to reflect and make improvements. The automotive business remains in an investment and product transformation and upgrade phase. Structural burdens—including depreciation and amortization of legacy heavy assets, R&D and engineering investment, fixed operating costs, and debt and financing costs—remain significantly higher than the gross profit contribution generated by the robotics business. Improved profitability in the robotics business has not yet fully translated into a corresponding improvement in the company’s overall profitability.
Therefore, in the second half of the year, we will fully implement a comprehensive debt reduction and resolution plan to maximize FFAI’s financial and capital value.
Meanwhile, we will continue advancing the capital value recovery campaign and actively explore opportunities for independent financing and a separate listing of the robotics business. This will ensure that FFAI is no longer weighed down by legacy burdens and automotive debt, enabling the robotics business to move forward unencumbered and create maximum value for FFAI investors.
3. Accelerate implementation of the “Built in USA” acceleration plan. For the seven models across three product series that have already received FCC certification, further accelerate sales and expedite the second phase of “Built in USA,” namely “Assembled in USA.” For new robot products, accelerate compliance certification under the FCC’s new policy and continue unlocking the value of the policy’s major benefits.
Faraday Future released its fiscal 2026 half-year report on August 14, covering January through June 2026:
Total operating revenue: $1.348 million (approximately RMB 9.1083 million at current exchange rates), down 99.93% year over year
Gross profit: -$22.08 million (approximately -RMB 149 million at current exchange rates), with the loss narrowing 53.93% year over year
Gross margin: -1,638%, with the loss widening by 342.78 percentage points year over year
Net profit attributable to the parent company: -$74.885 million (approximately -RMB 506 million at current exchange rates), with the loss narrowing 44.51% year over year
Operating cash flow: -$56.527 million (approximately -RMB 382 million at current exchange rates), with the deficit widening 29.63% year over year
Basic earnings per share: -$42.74 (approximately -RMB 288.79 at current exchange rates), with the loss narrowing 81.04% year over year
Diluted earnings per share: -$42.74 (approximately -RMB 288.79 at current exchange rates), with the loss narrowing 81.04% year over year