Faraday Future completed the sale of its robotics business to FF EAI Robotics Ecosystem (FFR) on October 23 in an all-share transaction valued at about $200 million. Faraday Future is expected to own approximately 65.7% of FFR once the newly issued shares are converted into ordinary stock, a step requiring shareholder approval. Founder YT Jia will lead FFR as chief executive while remaining CEO of Faraday Future.
FFR says it expects to ship more than 300 robots in October, taking its cumulative total above 1,100, and about 2,000 robots during 2026. The transaction creates a Nasdaq-listed company focused on embodied AI robotics, but the reported volumes remain small compared with China’s humanoid-robot production. Faraday Future said the robotics unit forecast roughly $7.1 million in 2026 revenue, although that estimate has not been audited.
https://thenextweb.com/news/faraday-future-robotics-ffr-deal-closes
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2026-10-26 18:05:21 UTC
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2026-10-26 18:05:21 UTCEvent JSON
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"content": "Faraday Future completed the sale of its robotics business to FF EAI Robotics Ecosystem (FFR) on October 23 in an all-share transaction valued at about $200 million. Faraday Future is expected to own approximately 65.7% of FFR once the newly issued shares are converted into ordinary stock, a step requiring shareholder approval. Founder YT Jia will lead FFR as chief executive while remaining CEO of Faraday Future.\n\nFFR says it expects to ship more than 300 robots in October, taking its cumulative total above 1,100, and about 2,000 robots during 2026. The transaction creates a Nasdaq-listed company focused on embodied AI robotics, but the reported volumes remain small compared with China’s humanoid-robot production. Faraday Future said the robotics unit forecast roughly $7.1 million in 2026 revenue, although that estimate has not been audited.\n\nhttps://thenextweb.com/news/faraday-future-robotics-ffr-deal-closes",
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