Faraday Future Founder and Global CEO YT Jia Shares Weekly Investor Update: Sets August Monthly Sales Record of 158 Units; Makes Further Steps in Reducing Debt and Optimizing FF’s Capital Structure; New Updates on “Built in USA” Acceleration Program

• The Company is ramping up quickly with robotics sales and continues to maintain positive gross margins at the product level. Since deliveries began in February, FF’s cumulative sales and shipments reached 552 units by the end of August.
• Robot motion control and EAI model training have both entered the engineering testing and delivery stage giving FF a stronger technical foundation for “One Brain, Multiple Forms” and “Multiple Forms, Multiple Capabilities.”
• Last week, investment research firm Emerging Growth Research released its latest analyst report on FFAI. EGR maintained its “Buy–Emerging” rating and a 12-month price target of $30. It also projects that FF’s revenue will grow more than tenfold year over year in 2026, and then more than quadruple again in 2027.
• FF EAI Robotics signed a collaboration agreement with AIBOT last week which will provide consulting services related to FCC, ICTS, and NDAA compliance. It will also support FF in engineering, manufacturing, testing, supply chain, and other areas.

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.

“Hello, everyone. Welcome to FF’s 71st weekly report. Let me first share the August operating results from our FF EAI Robotics ‘Four-Core Full-Stack AI’ ecosystem. Let’s start with EAI Devices. In August, we set another monthly record, with sales and shipments for FF EAI robotics devices reaching 158 units. We are ramping up quickly and we continue to maintain positive gross margins at the product level. Since deliveries began in February, our cumulative sales and shipments reached 552 units by the end of August.

These results give us stronger momentum as we work to win our Q3 Robotics Practical Deployment Campaign and push toward our full-year target of 2,000 units. As the first U.S. company to deliver both humanoid and bionic robots, we are also turning our first-mover advantage into a real competitive advantage. At the same time, this is accelerating the evolutionary flywheel of our ‘Four-Core Full-Stack AI’ ecosystem.

Next, let’s look at the EAI Brain and Developer Platform. Robot motion control and EAI model training have both entered the engineering testing and delivery stage. This gives us a stronger technical foundation for ‘One Brain, Multiple Forms’ and ‘Multiple Forms, Multiple Capabilities.’ It also means that an initial closed loop for our in-house EAI Brain development is now in place. We will share these technical achievements in more detail in a future dedicated update.

On the Developer Platform, we also made a breakthrough in engaging and converting enterprise developers at scale. We are beginning to see this drive robot sales as well, helping us further close the business loop. For Industry Productivity Solutions, our EAI Robotics Education Ecosystem Solution 1.0 is now complete and will officially launch on September 19. At the same time, we are continuing to move forward with solutions for industrial applications, security & inspection, and other industry ecosystems. Since we opened downstream partner recruitment at our August 26 event, more and more industry partners have reached out to discuss cooperation. That response gives us even greater confidence as we prepare for Part Two of our Business Partner Conference on September 28.

And on the EAI Data Factory, we are advancing discussions with more than 10 potential customers. We have also started expanding into Southeast Asia for new data orders. Now, let’s move to S5—Capital and Finance.

Last week, investment research firm Emerging Growth Research released its latest analyst report on FFAI^*. EGR maintained its ‘Buy–Emerging’ rating and a 12-month price target of $30. It also projects that FF’s revenue will grow more than tenfold year over year in 2026, and then more than quadruple again in 2027. EGR also estimates that the global EAI robotics market could reach $3 trillion by 2035. This would give FFAI tremendous room for growth.

Over the past two weeks, we have continued to make progress in reducing debt and optimizing our capital structure. Through amendments to the relevant agreements, we canceled more than 33.5 million additional investment warrants related to our March 2025 financing—including warrants that had been issued but not exercised and those not yet issued. We also canceled nearly 240,000 unissued warrants to purchase common stock. With these actions, all investment warrants and common stock purchase warrants related to that financing have now been canceled.

On a fully diluted basis, these actions eliminated approximately 57.48% of the potential dilution associated with the March 2025 Financing. The calculation is based on our currently outstanding common shares. For our stockholders, it could mean significantly lower dilution risk. This clearly shows our determination to keep optimizing and transforming our capital structure. More importantly, it shows that we are turning our commitment to maximize stockholder value into real action.

Now, an update on our ‘Built in USA’ Acceleration Program. Last week, FF EAI Robotics signed a collaboration agreement with AIBOT. AIBOT will provide consulting services related to FCC, ICTS, and NDAA compliance. It will also support us in engineering, manufacturing, testing, supply chain, and other areas. AIBOT is an advanced air mobility company focused on developing eVTOL aircraft and autonomous flight-control software.

At its core, ‘Built in USA’ is a race against time. We need to move quickly to capture this policy window and stay ahead in the market. That means professional compliance capabilities must be put in place quickly. For this reason, we have recently started working with several specialized firms and advisors, and AIBOT is one of them. The drone industry went through the certification process under the FCC’s new policies earlier than the robotics industry. As a result, it has built up valuable first-hand experience in compliance. Working with AIBOT gives FF an efficient and cost-effective way to access this experience. This will provide important support as we accelerate the rollout and execution of our ‘Built in USA’ program. Before I close, I want to be fully transparent about one important point. AIBOT’s founders are related to me, and I therefore have a degree of influence over AIBOT.

FF and I have always followed one clear principle: to maximize value for the Company while fully complying with all applicable laws and regulations. Following this principle, the collaboration between AIBOT and FF went through the Company’s rigorous review process. It was also reviewed and approved by both the Audit Committee and the Board of Directors, and disclosed in accordance with the strictest standards. I believe AIBOT can deliver outsized value for FF EAI Robotics. Thank you, everyone. See you next week.”

^*This analyst report by EGR was paid for by FF.

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 "Four-Core Full-Stack AI" ecosystem of EAI Brain, Device, Industry Productivity Solutions and Developer Platform, and Data Factory, 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

Important factors, that may affect actual results or outcomes include, among others: 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; the willingness of convertible debt investors to fund the Company; 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 ability of the Company to expand into additional markets for its robotics products; the Company’s reliance on a single OEM for most of its robotics products; the Company’s reliance on Chinese OEMs for all of its robotics products; the possibility of the federal government banning imports of Chinese 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 June 30, 2026, filed with the SEC on August 13, 2026; 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.