Faraday Future spins its robot business into a separate Nasdaq company
Faraday Future completed the sale of its robotics business to FF EAI Robotics Ecosystem, which now trades on Nasdaq as a separate entity. Founder YT Jia took the role of CEO at FFR. The company projects October shipments exceeding 300 robots with expectations of around 2,000 units in 2026.
Key points
- ~$200M all-share deal separating robotics into Nasdaq-traded company
- YT Jia leads FFR as CEO
- FFR targeting 300+ robot shipments in October, ~2,000 in 2026
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