• FF has formally submitted a referral letter to the SEC regarding potentially illegal short selling and market manipulation, as we continue to fight illegal short selling.
• The decentralized Data Factory has completed its first deployments on actual robots and is now ready to begin distributed data collection and training based on real-world robot operations.

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.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260531020433/en/

Faraday Future Founder and Global CEO YT Jia Shares Weekly Investor Update: Total Sales and Shipments of EAI Robots Reached 69 Units in May, a New Record, Exceeding the Combined Total for the Months of March and April

“Welcome to Issue 57 of our weekly report. In the final week of May, we would like to highlight two pieces of good news: first, total sales and shipments of EAI robots reached 69 units in May, exceeding the combined total for March and April; second, the Company has formally submitted a referral letter to the SEC regarding potentially illegal short selling and market manipulation, as we continue to fight illegal short selling.

On the Device side of our Three-in-One strategy: robot device sales and shipments reached a new record high in May. This marks the continued acceleration of FF EAI robot sales and deployment, giving us greater confidence in achieving our shipment targets of 200 units in the first delivery season and 1,500 units for the full year. More importantly, it shows that FF’s multi-form EAI robot device roadmap is beginning to show early results. Unlike companies such as Tesla, which focus on a single general-purpose humanoid robot, FF is delivering EAI devices in multiple forms, including both humanoid and bionic robots. By addressing real-world needs in education, security and inspection, reception and guidance, healthcare, and other use cases, we aim to match the right device form with the right use case. Through the Robot Vocational Academy we’re building, we aim to help EAI robots enter the real physical world faster, speed up the shift toward specialized expertise and professional roles for robots, and accelerate their mass adoption and continuous evolution.

On the EAI Brain & Open-Source and Open Developer Platform side:

Strong developer talent is continuing to join our ecosystem. Among the first group of developers who have joined us, many come from leading universities such as Stanford, Carnegie Mellon, and UCI. As our developer ecosystem continues to grow, the development, availability, and iteration of Skills/Agents for a wide range of real-world use cases will continue to accelerate. This will help FF’s robotics products evolve beyond standalone hardware into an open ecosystem platform where hardware, brain, models, data, developers, and use cases work in synergy and grow together.

On the EAI Data Factory:

The decentralized Data Factory has completed its first deployments on actual robots and is now ready to begin distributed data collection and training based on real-world robot operations. FF’s B2B and B2C robot users — including home education, educational institutions, auto dealers, healthcare institutions, and others — will become real-world nodes for EAI data generation and feedback. At the same time, we completed the initial data delivery under our first data sales order this week. This further strengthens the Data Factory’s business and commercialization loops, amplifying the evolutionary flywheel effect across 'Device-Data-Brain.'

Under our AI First Transformation Strategy:

FF’s Three-in-One ecosystem continues to make meaningful progress across all fronts. I also want to take this opportunity to extend an invitation to the generation of AI natives. If you're passionate about AI, understand AI, and want to help shape how AI is applied in the real-world operations, we’d love to hear from you. Join us as we help define the future of human-robot collaboration and build the next generation of EAI products.

On the Capital Markets Front:

The Company has formally submitted a referral letter to the SEC regarding information related to suspected illegal short-selling activities targeting FF. We have requested that regulators review and investigate potential misconduct, including the dissemination of misleading information, defamation, attempts to manipulate investor sentiment, the creation of unwarranted market panic, and illegal profiting from market misconduct.

Going forward, we will continue to protect the interests of the company and our stockholders through appropriate legal and regulatory channels, ensuring that FF's market value more accurately reflects its operating fundamentals, long-term potential and continue putting Stockholders First in everything we do.

In addition, over the past two weeks, Jerry Wang has represented FF at several major industry and investor events, including the Deutsche Bank Global Auto, Mobility & Robotics Conference and the Centurion One Miami conference, where he shared updates on FF's progress in Physical AI, EAI robotics, and EAI vehicle development. On June 4, Jerry will also participate in the AI Investment Roundtable at the World Leaders Summit in New York, as we continue expanding our dialogue and engagement with leading institutional investors around the world.

Looking ahead, FF will soon hold an all-hands meeting at our new headquarters, where we will share additional goals and initiatives for Phase Two and Phase Three of our Five New Transformations with our team. I will also include this information in the upcoming weekly report. Thank you all. See you next week!”

ABOUT FARADAY FUTURE

Founded in 2014, Faraday Future (FF) is a U.S.-based Physical AI ecosystem company dedicated to reshaping the future of robotics and mobility solutions through AI innovation and technologies. FF focuses on two major product strategies within the Embodied AI (EAI) robotics business: EAI humanoid and bionic robots, and EAI automotive-focused robots. By building a Three-in-One ecosystem of “Device, Data, EAI Brain & Open-Source and Open Platform,” FF aims to create an evolutionary flywheel: scaled device delivery, data collection and training, continuous evolution of the EAI Brain, stronger product capability, and even larger-scale delivery and deployment. Through this flywheel, FF seeks to maximize its commercial value and lead to the advancement of Physical AI. For more information, please visit Faraday Future’s official website: https://www.ff.com/

FORWARD LOOKING STATEMENTS

This press release includes “forward looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “plan to,” “can,” “will,” “should,” “future,” “potential,” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements, which include statements regarding potential future legal actions against alleged illegal market manipulation or similar improper activities, and FF’s entry into the embodied AI robotics market and robotics deliveries and development, involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, which could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements.

Important factors, that may affect actual results or outcomes include, among others: the Company’s ability to timely regain compliance with Nasdaq’s minimum bid requirement; the Company’s common stock will be suspended from trading on Nasdaq if its closing price is $0.10 or less for 10 consecutive trading days; 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, which the Company currently lacks; the agreement of stockholders to substantially increase the Company’s share capital, which could result in substantial additional dilution; the willingness of convertible debt investors to fund the Company while it lacks sufficient share capital for conversions; demand for the Company’s robotics products; the ability of B2B preorder companies to locate customers to purchase our robotics products, on which their nonbinding preorders substantially depend; competition in the robotics industry, which includes companies with far superior experience, funding and name recognition; the Company’s reliance on a single OEM for most of its 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; 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 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, and volatility of the Company’s stock price. 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 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260531020433/en/

Contacts:

Investors (English): ir@ff.com
Investors (Chinese): cn-ir@faradayfuture.com
Media: john.schilling@ff.com

Source: Faraday Future Intelligent Electric Inc.