Faraday Future Founder and Global CEO YT Jia shares weekly Investor update: FFR to hold listing ceremony and first Investor Day at the Nasdaq Tower on oct. 26; three new robotics product offerings launched. * On October 26, FFR will hold its listing ceremony and first Investor Day at the Nasdaq Tower in New York, where the management team will share more about its strategy and business plans, more details to follow soon. * Two new EAI Devices launched including FF Nova - America's first entry-level EAI humanoid robot under $2,500, and the second is Nova Mini, a humanoid robot for foundational Physical AI education, priced at $299, with the accompanying curriculum at $499. * FF EAI launched two new education and developer training initiatives, the Physical AI Spark Program Curriculum and the Nova Reinforcement Learning Developer Program, while also opening enrollment for its developer community to help expand participation in its embodied AI ecosystem. LOS ANGELES-(BUSINESS WIRE)-Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) ("Faraday Future", "FF" or the "Company"), a California-based global Embodied AI (EAI) ecosystem company, today shared a weekly business update from YT Jia, Founder and Global CEO of FF. "Welcome to Weekly Report 77. This week, let's start with some big news from FFR. On October 26, we will hold FFR's listing ceremony and first Investor Day at the Nasdaq Tower in New York. Our management team will share more about our strategy and business plans. We'll also have the chance to talk with investors face to face. To our stockholders and partners, we hope you can join us and help open this new chapter for FFR. Formal invitations to the event will go out tomorrow! Now, let me share what we've been working on this week. This week, FFR and FFAI jointly launched three new offerings. 1. Two new EAI Devices. The first is FF Nova - America's first entry-level EAI humanoid robot under $2,500. Your Physical AI lab in a backpack. The Nova device costs $2,490, and the Developer Skills Package is $390. The second is Nova Mini, our humanoid robot for foundational Physical AI education. The robot is priced at $299, and the accompanying curriculum is $499. With these additions, the 'One-Brain Multi-Form Multi-Capability' FF EAI Robot World 2.0 we are building now includes more than 20 EAI Devices across 11 models, seven series, and three robot forms. 2. A new FF EAI Education Skills product - the 'Physical AI Spark Program Curriculum.' 3. The Nova Reinforcement Learning Developer Program. We also opened enrollment in our developer community. Our EAI Brain and Developer Platform Cores also made two breakthroughs this week. Regarding the EAI brain, The All-New Futurist now fully supports SONIC. That opens up more room for development and applications on more advanced robotics platforms. This is how our approach of combining in-house development with open collaboration is starting to deliver more value. On the Developer Platform side, we've made the NVIDIA SONIC data, models, and deployment solutions based on FF Master fully open source through GitHub and Hugging Face. What does that mean for developers? You now have a complete path from open-source research and testing algorithms to deploying robots and building solutions. And that path is open to universities, research institutions, and industry partners around the world, too. Over the past few days, we've received some questions from stockholders about FFR's acquisition of FFAI's robotics business and its independent public listing. Let me take a moment to clarify a few points and explain what this means. Giving the robotics business its own operations, financing, and public listing is much more than moving assets within FFAI. It fundamentally reshapes FFR and unlocks its value. We see this as the starting point for a major breakthrough in business value and a faster release of value in the capital markets. Let me explain this in four areas. One is a sharper strategic focus. We will concentrate our resources on delivering our 'Four-Core Full-Stack AI' robotics strategy. Every dollar we invest, every decision we make, and every financing round will serve that goal. This focus will help us refine what we do, deepen our expertise, expand our scale, and strengthen our business. Another is a clearer basis for valuation. With its own public listing as a pure-play robotics business, FFR can be valued directly against its industry peers. Its valuation will no longer be held back by other factors affecting FFAI. Combined with continued deliveries at positive contribution margins, this gives FFR significant room to unlock value. We will also have more transparent business results and cleaner financial statements. You will be able to see how each financing round translates into business performance. That transparency can help attract strategic investors and long-term capital. After closing, FFR will have almost no debt. Its balance sheet, income statement, and cash flow statement will be cleaner, making the company's value easier to see. The fourth area is lower funding needs and financing costs. FFR has seven unique advantages, including our 'Four-Core Full-Stack AI' EAI technology and asset-light operating model. Building on these strengths, we aim to achieve positive operating cash flow no later than the third quarter of 2028. Until then, we expect to need no more than $150 million in total financing. For FFAI, once the transaction closes, we will remain FFR's controlling and majority stockholder and continue to share in its potential future growth in value. As a Physical AI investment company following a Berkshire-style model, FFAI will share further business updates soon. We want to reward our stockholders for your continued support. Over the years, we've received encouragement, faced ridicule, and taken harsh criticism, yet we've seldom felt the need to explain ourselves. Our passion for building a business is still there. It comes from working alongside people who share our vision, and driving change in the industry together. Failure itself doesn't stop us. What stops us is losing the belief that we can try again. 'Try again.' A message to myself, and to every entrepreneur who keeps going. Thank you for being part of this journey. See you next week." FORWARD LOOKING STATEMENTS Important factors that may affect actual results or outcomes include, among others: the Company's ability to continue as a going concern and improve its liquidity and financial position; the Company's ability to pay its outstanding obligations, which it currently lacks; the availability of sufficient share capital to meet its current obligations and execute on its strategy; the willingness of convertible debt investors to fund the Company; demand for the Company's robotics products; competition in the robotics industry, which includes companies with far superior experience, funding and name recognition; the ability of the Company to build an EAI education ecosystem that serves both the B2C consumer market and the B2B institutional education market; the acceptance by teachers and students of the Company's robotics products in the education market; the ability of the Company to expand into additional markets for its robotics products; the Company's reliance on a single OEM for most of its robotics products; the Company's reliance on Chinese OEMs for all of its robotics products; the possibility of the federal government banning imports of Chinese robotics products; the Company's ability to get the planned robotics products to comply with all applicable U.S. rules and regulations; the ability of the robotics OEM to timely supply robotics to the Company; tariff uncertainty for imported products, particularly from China; the ability of the Company to close its transaction with FF EAI Robotics Ecosystem Inc. (FFR) for the sale of its robotics business; demand from automobile dealers for robotics products; the Company's ability to homologate FX vehicles for sale; the Company's ability to secure the necessary funding to execute on the FX strategy, which is substantial; the Company's ability to secure an occupancy certificate covering all of its Hanford facility; the Company's ability to remediate its material weaknesses in internal control over financial reporting and the risks related to the restatement of previously issued consolidated financial statements; the Company's limited operating history and the significant barriers to growth it faces; the Company's history of substantial losses and expectation of continued losses; the success of the Company's payroll expense reduction plan; the Company's ability to execute on its plans to develop and market its vehicles and the timing of these development programs; the Company's ability to execute on its plans to enter the robotaxi and cybercab industries; the Company's estimates of the size of the markets for its vehicles and cost to bring those vehicles to market; the rate and degree of market acceptance of the Company's vehicles; the Company's ability to cover future warranty claims; the success of other competing manufacturers; the performance and security of the Company's vehicles; current and potential litigation involving the Company; the Company's ability to receive funds from, satisfy the conditions precedent of and close on the various financings described elsewhere by the Company; the result of future financing efforts, the failure of any of which could result in the Company seeking protection under the Bankruptcy Code; the Company's indebtedness; the Company's ability to use its "at-the-market" program; insurance coverage; general economic and market conditions impacting demand for the Company's products; potential negative impacts of a reverse stock split; potential cost, headcount and salary reduction actions may not be sufficient or may not achieve their expected results; circumstances outside of the Company's control, such as natural disasters, climate change, health epidemics and pandemics, terrorist attacks, and civil unrest; risks related to the Company's operations in China; the success of the Company's remedial measures taken in response to the Special Committee findings; the Company's dependence on its suppliers and contract manufacturer; the Company's ability to develop and protect its technologies; the Company's ability to protect against cybersecurity risks; and the ability of the Company to attract and retain employees, any adverse developments in existing legal proceedings or the initiation of new legal proceedings; the volatility of the Company's stock price; the ability of the Company to maintain its stock price above $1.00; and the ability of the Company to maintain compliance with Nasdaq regulations for continued listing. You should carefully consider the foregoing factors and the other risks and uncertainties described in the "Risk Factors" section of the Company's Form 10-Q for the quarter ended June 30, 2026, filed with the SEC on August 13, 2026; the quarter ended March 31, 2026, filed with the SEC on May 14, 2026; and Form 10-K filed with the SEC on March 31, 2026, and other documents filed by the Company from time to time with the SEC.

Faraday Future unveils a $2,490 humanoid robot for developers and schools. A $299 Nova Mini for children launched alongside it, and the first 100 Nova units go only to invited buyers. October 16, 2026 - 8:49 am Faraday Future and FF EAI Robotics Ecosystem launched two humanoid robots on 15 October: the $2,490 FF Nova for developers and schools, and the $299 FF Nova Mini for children. Nova's first 100 units are invitation-only. The launch follows FFR's agreement to buy FF's robotics business in a $200M all-stock deal. Faraday Future and its sister company, FF EAI Robotics Ecosystem (FFR), have launched two humanoid robots: the $2,490 FF Nova and the $299 FF Nova Mini. The companies announced the robots on 15 October in a joint press release. The companies call Nova the first embodied AI humanoid robot sold in the US for under $2,500. Embodied AI means AI that controls a physical body, such as a robot. TNW has not independently verified the claim. Nova is aimed at developers, universities, and schools. It has 20 degrees of freedom, or moving joints, and can walk, wave, and get back up after being knocked over, the companies said. It can also ride a detachable wheeled base. The robot stands 49.7cm tall and weighs 2.8kg, according to its product page, as reported by Unite.AI. A developer software package costs an extra $390, and Nova supports ROS 2, a widely used robotics software framework. The companies are also offering a training programme built on Nvidia's Isaac platform, which lets developers teach robot skills in simulation before testing them on Nova. Nvidia has been courting humanoid robot makers with the same tools. Nova will roll out in three phases. The first is limited to 100 units for invited developers and schools, with 20 ready to ship now. Wider developer sales and a full consumer launch will follow, though no dates were given. Nova Mini is designed for children aged eight and up. It weighs under 1kg, can walk, stand up on its own, and do a forward roll, and it supports block-based programming. FF also sells a $499 course of 16 live online classes, and buyers get a voucher towards the robot. "The launch of FF Nova and FF Nova Mini marks an important step for FFR in bringing Physical AI from the laboratory to real-world applications," said Jerry Wang, FFR's chief executive. The launch comes days after FFR agreed to buy FF's robotics business in an all-stock deal valuing it at about $200M. FF would own about 65.7% of FFR after closing, which the companies expect by the end of October. FFR was known as AIxCrypto Holdings until 30 September. FF, best known for its electric cars, started its robotics pivot earlier this year. Its robotics unit had shipped 817 units by the end of September, Investing.com reported. Get the most important tech news in your inbox each week.

FF EAI Robotics Ecosystem Inc. (NASDAQ: FFR) and Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) will host a joint product launch on October 14, 2026. FFAI also rescheduled this week's investor report from founder and global chief executive officer YT Jia to that date. The invitation-only event will present FF Nova, an embodied AI humanoid robot for developers and educational institutions. FF will also launch FF Nova Mini, a humanoid robot for Physical AI education, along with the EAI Education Ecosystem Brain and Curriculum Skills 2.0. FF will open early access to the FF Nova Developer Reinforcement Learning Platform. The full video will be available at ff.com/us on October 15 at 17:00 PDT. FFR has proposed to acquire FFAI's EAI robotics business.