Faraday Future completes sale of robotics business to related party FFR for $200 million
Faraday Future (FFAI) completed the sale of its robotics business to FF EAI Robotics Ecosystem Inc. (FFR) on October 23, 2026. FFR, which FFAI controls, paid a purchase price of $200 million, settled in FFR common and non-voting preferred stock, and the transaction was a related-party deal. Shareholders should note the dilution from the share issuance and that FFAI no longer owns the robotics business, which now trades under FFR on Nasdaq.
Key points
- Closing date was October 23, 2026; purchase price was $200 million, adjusted for outstanding FF Robotics options.
- FFR issued 1,315,313 common shares and 65,475 non-voting preferred shares to the FFAI subsidiary, equal to 66,790,313 shares on an as-converted basis at $2.246 per share.
- Yueting Jia and Jiawei Wang entered employment agreements with FF Robotics; FFR's new board structure gives FF Global Partners LLC the right to designate four of seven directors.
- FFR gave first-time 2026 guidance of approximately 2,000 robots in sales and shipments.
The filing
Written by AI on Nov 9, 2026, 11:43 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 26, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.