en.Wedoany.com Reported - Faraday Future officially announced on May 11, 2026, that its Board of Directors has appointed founder Jia Yueting as Global CEO and Jerry Wang as Global Executive Chairman, approved Matthias Aydt's resignation from the role of Global Co-CEO, and appointed independent director Chad Chen as Lead Independent Director. The above adjustments are effective as of May 5, 2026. Jia Yueting returns to the company's top management position nearly seven years after stepping down as CEO in 2019. FF stated that this adjustment marks the "ultimate return of the founding team."
The personnel appointments clarify business jurisdiction boundaries and core functional divisions. Jia Yueting will comprehensively manage business segments including Product, EAI R&D, Supply Chain, Manufacturing, Quality, UES, and VLE, and will jointly oversee Strategy, Capital Markets & Investor Relations, Human Resources, Operations & AI IT, as well as subsidiaries and regional companies with Jerry Wang. Jerry Wang will directly oversee the four major functional departments: Finance, Legal, Government Affairs & Strategic Partnerships, and Risk Control. Matthias Aydt will temporarily continue to serve the company in an internal advisory capacity.
FF simultaneously announced a major upgrade to its corporate strategic positioning, transforming from a smart electric vehicle company into a U.S. Physical AI Ecosystem Company, focusing on two major product engines for the embodied intelligent robot business: EAI Humanoid & Bionic Robots and EAI Automotive Robots. Following the "Terminal-Data-Brain and Open Source Platform" tripartite ecosystem architecture, FF intends to create a closed-loop evolutionary mechanism from scaled delivery to data collection and training, to the continuous evolution of the EAI Brain, ultimately achieving even larger-scale delivery.
The robotics business has advanced to the quantified delivery stage. According to FF's disclosure, as of April 30, 2026, the company had completed positive-margin shipments of 68 EAI robots, and will continue to accelerate the ramp-up in May, moving towards the target of 200 units for the first delivery quarter, striving for cumulative shipments exceeding 1,000 units for the full year 2026. In terms of strategic execution rhythm, the first phase will focus primarily on humanoid and bionic robots, supplemented by automotive robots. Jia Yueting explicitly stated that the automotive robot business will only be fully launched under the premise of introducing strategic or medium-to-long-term investors, with financing scale sufficient to meet mass production and delivery needs.
Substantial progress has also been made on the financing front. On April 20, 2026, FF secured $45 million in financing from a medium-to-large U.S. institutional investor. Upon full receipt, the funds will be used to accelerate the implementation of the EAI ecosystem strategy. Furthermore, in March 2026, the U.S. Securities and Exchange Commission formally concluded its nearly five-year investigation into FF, deciding not to take any enforcement or legal action against Jia Yueting and Jerry Wang. This outcome is viewed by FF as clearing historical regulatory obstacles that had constrained the company's development.
Since assuming the role of Co-CEO in April 2025, Jia Yueting has driven a combination of ten major transformation initiatives, leading the company to achieve multiple breakthroughs in dimensions including strategy, EAI product technology, business execution, finance, capital, government cooperation, and corporate compliance. The company stated that it is based on these achievements that the Board has highly recognized Jia Yueting's strategic vision, leadership, and execution capabilities, deciding to appoint him as Global CEO, initiating the ultimate return of the founder model. This strategic upgrade and governance restructuring transforms FF from a company defined by luxury electric vehicles into a Physical AI ecosystem builder centered on embodied intelligent robots.
This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com
