Faraday Future Intelligent Electric Inc., a California-based global Embodied AI (EAI) ecosystem company, announced on May 10th, a series of leadership and governance updates. The Company’s Board of Directors has acknowledged and appointed YT Jia as FF Global CEO and Jerry Wang as FF Global Executive Chairman. The Board has also accepted the resignation of Matthias Aydt from his position as Global Co-CEO and appointed independent director Chad Chen as Lead Independent Director. Mr. Aydt will temporarily continue to serve the Company as an internal advisor, while a new role is being discussed separately with the Company’s management team. The Company sincerely thanks Mr. Aydt for his years of dedication and contributions to FF.
The above appointments and changes became effective on May 5, 2026.
As Global CEO, Mr. Jia will oversee Product, EAI R&D, Supply Chain, Manufacturing, Quality, UES, VLE and other business areas. He will jointly oversee Strategy, Capital Markets & Investor Relations, Human Resources, Corporate Operations and AI IT, as well as subsidiaries and regional entities, together with Mr. Wang. Mr. Wang will directly oversee four core corporate functions: Finance, Legal, Government Affairs & Strategic Cooperation, and Risk Management.
“I would like to thank the Company and the Board for their trust,” said YT. “FF will officially evolve into a U.S.-based Physical AI ecosystem company, focusing on two product engines within its EAI robotics business: EAI humanoid and bionic robots, and EAI automotive robots. By building a Three-in-One ecosystem consisting of Device, Data, and Brain & Open-Source and Open Platform, FF aims to create an evolutionary flywheel of ‘scaled device delivery, data collection and training, continuous evolution of the EAI Brain, stronger product capability, and larger-scale delivery,’ with the goal of maximizing commercial value.”
From “100-Day Renewal” to the Founder’s Full Return, YT Jia Leading the Company into a New Growth Phase
Over the past year, since Mr. Jia was appointed Co-CEO in April 2025, he has launched a comprehensive “Ten-Punch Combo” transformation, driving progress across strategy, EAI products and technology, business execution, finance, capital markets, government partnerships and corporate compliance. These efforts have contributed to a meaningful improvement in the Company’s operating fundamentals.
One of the most important achievements was the rollout of the Dual-Engine Strategy centered on “EAI Robotics + EAI EV,” with a clearer execution roadmap. As the priority business in the first phase of this strategy, EAI Robotics has shipped 68 units with positive unit gross margin and is working to convert its first-mover advantage into a sustainably leading position. In addition, the SEC investigation that lasted more than four years was concluded with no penalties, removing a historical overhang that had constrained the Company’s development and marking a renewed start for both the Company and its founder.
Based on these achievements, the Board recognized Mr. Jia’s strategic vision, leadership, execution capabilities and the unique value he has created, and acknowledged and appointed him as Global CEO. This acknowledgement marks the full return of FF’s founder-mode execution and founder spirit as the Company enters its next phase of growth.
FF is currently at a critical inflection point. The Company’s “Three-in-One” EAI Robotics strategy and recent execution milestones have gained recognition from both the capital markets and the education market, while product delivery is entering a key ramp-up stage, moving from “1 to N”—from initial deliveries to scaled deployment. At the same time, FFAI is in a 180-day period to regain compliance and must continue rebuilding market confidence. Against this backdrop, Mr. Jia’s acknowledgement as Global CEO carries several important strategic implications:
From a governance perspective: the optimized governance structure is expected to streamline decision-making on major matters, improve responsiveness, and enhance execution efficiency.
From an organizational perspective: the founder’s return represents a powerful call to action for all employees. The entrepreneurial culture of relentless execution championed by Mr. Jia, together with his commitment to “promises made, promises kept” as demonstrated through 53 consecutive weekly investor reports, forms an important foundation for FF’s organizational cohesion and execution momentum.
From a business perspective: As the architect and core driving force of the EAI Dual-Engine Strategy, Mr. Jia is positioned to make more decisive decisions with reduced organizational friction. Moreover, with cross-industry experience spanning intelligent EV and AI, along with more than a decade of hands-on experience in the U.S. market, his direct leadership of the business is expected to minimize strategy transmission loss, accelerating the conversion of first-mover advantages into an almost unassailable competitive moat through the founder’s unique determination and bold decisiveness.
From a capital perspective: As the company’s earliest investors, the founding team is naturally and deeply aligned with stockholder interests. This alignment is expected to help attract strategic investors and long-term capital, while supporting the release of the Company’s intrinsic value.
Jerry Wang Appointed Global Executive Chairman: Enhancing Company’s Governance Structure and Strengthening Closed-loop Management
As a core founding member of the company, Mr. Wang has been deeply involved in the company’s key operations and capital initiatives for years, playing a central role in major financing transactions, critical compliance efforts, strategic partnerships, and resource integration initiatives throughout the company’s development.
This appointment further strengthens the company’s closed-loop management from financing to operating results, as well as its operating philosophy of placing operational quality and financial performance at the core. It will also help improve the efficiency and effectiveness of resource allocation, maximizing value creation under limited resources. Through clearer performance targets, more defined risk boundaries, and a clearer path toward value creation, the company aims to continuously strengthen investor confidence and attract long-term capital.
EAI Robot Business Advancing at Full Speed, Five Upgraded Transformation Initiatives to be Announced Next Week
As of April 30, FF had shipped 68 EAI robots with positive gross margins and will continue accelerating production ramp-up in May, steadily progressing toward its first-season delivery target of 200 units by the end of June. The company expects cumulative shipments to exceed 1,000 units in 2026 and aims to turn its first-mover advantage as the first U.S. company to sell and deliver both humanoid and bionic robots, as well as the first to fully expand into the education market, into a sustainably leading momentum.
Next week, the new management team will officially announce the upgraded five transformation initiatives evolved from the original “Ten-Punch Combo” transformations. This will be a declaration of strategic re-launch for the next phase, under the historical context of the founding team fully at the helm, the deepening implementation of the Dual-Engine Strategy, and the robotics business entering a critical growth phase. The company will take the founder’s return as a new starting point, with the Dual-Engine Strategy serving as the central axis and “Stockholders First” as its guiding principle, to drive the company toward rapidly crossing its operational inflection point, rebuilding confidence in the capital markets, and unlocking its true value — so that all long-term stockholders and users can truly share in the value they deserve.
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