Faraday Future spins its robot business into a separate Nasdaq company
Technology · First reported 26 Oct, 17:27 · Updated 19:00
Faraday Future completed an all-share sale of its robotics business to Nasdaq-listed sister company FF EAI Robotics Ecosystem, in a deal valued at about $200 million. Founder YT Jia became FFR’s CEO, and the company forecast shipments of about 2,000 robots for 2026.
- The deal closed on October 23 and valued the robotics business at about $200 million; Faraday Future is expected to own about 65.7% of FFR, subject to a shareholder vote on converting shares.
- YT Jia became FFR’s chief executive while remaining CEO of Faraday Future; Jerry Wang was identified as executive chairman of both companies.
- FFR forecast more than 300 robot shipments in October and about 2,000 in 2026; Faraday Future’s unaudited forecast put the robotics unit’s 2026 revenue at about $7.1 million.
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