Faraday Future Raises 2026 Robot Shipment Target to 2,000 Units
Company plans shareholder vote on strategic proposals as it accelerates embodied AI robotics expansion and strengthens its long-term growth strategy.
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- From March through June, cumulative shipments of FF EAI robots reached 242 units, exceeding the original target of 220 units. The Company has raised its full-year shipment target again from 1,500 to 2,000 units.
- The Company has attracted significant attention from the robotics industry, future partners, customers, developers, and coverage in multiple top-tier media outlets as it recently showcased the complete lineup for the Six-Series full-form FF EAI Robot World, launched its new mobile manipulator, completed the second-half launch of the all-new Futurist, and gave a preview of FF's EAI Robotics Industrial Ecosystem.
- The approval of the Private Placement Proposal will help the Company meet its contractual obligations and help support the EAI Robotics capacity ramp-up. The Company targets to improve its cash flow structure through scalable deliveries with positive product gross margin, gradually shifting from financing-driven to operating cash flow-driven.
Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) (“Faraday Future,” “FF” or the “Company”), a California-based global Embodied AI (EAI) ecosystem company, announced that it plans to hold a Special Meeting of stockholders (the “Special Meeting”) on August 12, 2026, to seek approval for proposals aimed at supporting the Company’s Global EAI Robotics World strategic execution and long-term growth.
The Company’s Board of Directors (the “Board”) urges all stockholders to vote FOR all proposals.
Proposal Highlights:
- Private Placement Proposal
Approval of the issuance of Common Stock to the holders of certain convertible notes, in accordance with Nasdaq Listing Rule 5635(d).
Approval of the Private Placement Proposal would help the Company meet its contractual obligations and support future capital raising efforts, driving business growth and enhancing stockholder value.
- Name Change Proposal
Approval of an amendment to the Company’s Third Amended and Restated Certificate of Incorporation to change the Company’s name from Faraday Future Intelligent Electric Inc. to Faraday Future Physical AI Ecosystem Inc.
The proposed name change reflects the Company’s strategic evolution and increased focus on integrating artificial intelligence (AI) into its core technologies, including EAI Device systems, EAI Brain and user experiences. The new name aligns with the Company’s vision and the Company’s ticker symbol, FFAI, reinforcing a unified brand identity.
- Adjournment Proposal
To approve one or more adjournments of the Special Meeting by the Company from time to time to permit further solicitation of proxies, if necessary or appropriate, if sufficient votes are not represented at the Special Meeting to approve one or more Proposals at the time of such adjournment or if otherwise determined by the chairperson of the Special Meeting to be necessary or appropriate.
Business Update
- By building a “Three-in-One ecosystem” of “Device, Data, and Brain & Open-Source and Open Developer Platform,” the Company aims to create an evolutionary flywheel, with the goal of maximizing commercial value.
- FF has now launched its full-form EAI Robot World spanning six major product series; launched the world's first Three-in-One EAI Robotics Education Ecosystem Strategy, debuted the all-new Futurist humanoid robot and FX Navi quadruped robot, FF Faber, the first industrial-grade EAI mobile manipulator series and previewed FF’s industrial ecosystem strategy.
- These products and new strategic direction will further showcase FF’s latest progress across multi-form robotics, device capabilities, real-world applications, and ecosystem development.
- From March through June, cumulative shipments of FF EAI robots reached 242 units, exceeding the original target of 220 units. The Company has raised its full-year shipment target again from 1,500 to 2,000 units.
The approval of the Private Placement Proposal will help the Company meet its contractual obligations to support its Robotics capacity ramp-up. The Company targets to improve its cash flow structure through scalable deliveries with positive product gross margin, gradually shifting from financing-driven to operating cash flow-driven.
Additional details regarding the proposals to be voted on at the Special Meeting can be found in the preliminary proxy statement, which the Company has filed with the Securities and Exchange Commission (the “SEC”) on July 2, 2026. Stockholders are encouraged to read the proxy materials carefully.
