Faraday Future spins its robot business into a separate Nasdaq company

Faraday Future has completed the sale of its robotics business to FF EAI Robotics Ecosystem (FFR), which trades on Nasdaq, in an all-share deal valued at about $200M. Founder YT Jia becomes FFR’s CEO. FFR expects October shipments above 300 robots and about 2,000 for 2026.