Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) (“Faraday Future”, “FF” or the “Company”), a California-based global Embodied AI (EAI) ecosystem company, recently shared a weekly business update from YT Jia, Founder and Global CEO of FF.
“Hello everyone, welcome back! Let me start Weekly Report 69 with a major milestone in FF’s Q3 “Four-Core Full-Stack AI” Robotics Practical Deployment Campaign.
Last week, FF signed an FF Par agreement with one of the leading robotics distributors in the U.S., with coverage across all 50 states. The group has officially become a Tier 1 distributor and robotics ecosystem partner of FF Robotics. We will share further details of this partnership at our August 26 Business Partner Conference. Why is this milestone so important? There are three reasons:
First, we expect it to significantly accelerate the expansion of our FF Par network across all 50 states. It will also help us bring successful use cases from our four industry ecosystems to more states.
Second, we expect it to provide stronger support for the rapid ramp-up of robot sales.
Third, it validates the strength of our products and technology and our ability to drive sales—what we call Product Power, Technology Power, and Sales Power—across our Six-Series Full-Form FF EAI Robot World under the “Four-Core Full-Stack AI” Ecosystem Strategy. It also demonstrates our strong appeal to the U.S. robotics industry, especially among distribution partners.
Next, let me preview our August 26 “Built in USA” Business Partner Conference. On August 26, we will host Part One of the FF EAI Robotics “Built in USA” Upstream & Downstream Business Partner Conference—the “Four-Core Full-Stack AI” Ecosystem Downstream Partner Session and the EAI Education Ecosystem Milestone Showcase & Nationwide Expansion Session—at our Los Angeles headquarters. The event will have seven key highlights:
- A briefing on the FCC’s new policies and the launch of the “Built in USA” Global Industry Alliance Initiative.
- Part One of the implementation roadmap presentation for the FF EAI Robotics “Built in USA” Acceleration Program, with Part Two scheduled for September 28.
- A preview of two new FF EAI robotics products under the “Built in USA” program.
- Exclusive private previews of several upcoming products from the FF EAI Robot World, including Master Mini, ahead of their September 19 launch.
- Key milestones from the FF EAI Education Ecosystem and its nationwide expansion plan.
- Downstream partner recruitment for the FF EAI Robotics “Built in USA” program.
- RoboShare’s next-phase plan and business partner recruitment. RoboShare is AIxC’s robot-sharing and rental platform.
We sincerely invite our customers, channel and sales partners, educational institutions, system integrators, and ecosystem partners to join us in person, witness and participate in this initiative, and help build the EAI robotics industry ecosystem alliance based on ‘Built in USA. Benefit the World.’
On the AIxC front, last week, AIxC announced that it is fully exiting its Crypto strategy and shifting its focus to Physical AI robotics and robot sharing and rentals. We have been really encouraged by the significant attention this strategic transformation has generated across both the robotics industry and the capital markets.
As AIxC’s controlling stockholder, FF fully supports this strategic transformation. This will also enable FF and AIxC to empower each other more effectively and create stronger synergies.
RoboShare aims to become an “Uber + Turo”–style robot-sharing and operations platform. It has already completed its first paid commercial order, and its initial fleet of more than 80 EAI Devices is now in place. It has also officially launched its Ten-City Strategy, with Los Angeles as its first market.
Let’s turn to S5 — Capital. Last week, FFAI received an upgrade to a “Buy” rating from Zacks, a well-known U.S. investment research and ratings firm, placing our stock among the top 20% of the stocks it covers. According to Zacks, the consensus earnings estimate for FFAI has risen by 19.9% over the past three months. We see this as a sign that market expectations for our earnings outlook are improving.
Now, a reflection on where we need to improve. The response to AIxC’s strategic transformation far exceeded our expectations. We believe that response strongly validates our decision to focus on EAI. But it also makes us look harder at what we can do better. We still have room to improve how we prioritize our businesses, allocate resources, and set the pace of execution. Going forward, we will take a series of steps to focus first on the core EAI businesses that can reach profitability faster. This will help us unlock FF’s true value more quickly and deliver maximum value to our stockholders.
Finally, your feedback matters to us. We welcome our investors to share their comments and suggestions through our official channels, and we look forward to hearing from you and staying engaged. Thank you for your support every step of the way. See you next week!”
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