On May 11, Faraday Future ("FF"), a global EAI ecosystem company headquartered in California, announced a series of personnel adjustments: the company's board of directors appointed company founder Mr. Jia Yueting as FF global CEO and Jerry Wang as FF global executive chairman; it agreed to Matthias Aydt's resignation as global Co-CEO, and appointed independent director Chad Chen as lead independent director.
Matthias Aydt will temporarily continue to serve the company as an internal consultant. The specific new position is being discussed separately with the company's management. The company expresses its sincere gratitude to Matthias for his contribution to FF over the years. The above appointments and adjustments have come into effect on May 5, 2026.
Global CEO Jia Yueting will manage product, EAI R&D, supply chain, manufacturing, quality, UES and VLE business sectors, and will jointly manage strategy, capital markets and investor relations, human resources, operations and AI IT, as well as subsidiaries and regional companies with Jerry Wang; Jerry Wang will be directly responsible for the company's four functional departments: finance, legal affairs, government affairs & strategic cooperation, and risk control.
"Thank you to the company and the board of directors for their trust in me." FF founder and global CEO Jia Yueting said: "FF will officially upgrade to an American physical AI ecosystem company, focusing on two major product engines of the embodied intelligent robot business: one is EAI humanoid and bionic robots, and the other is EAI automotive Car robot. By building a "trinity" ecosystem of "terminal-data-brain and open source open platform", an evolutionary flywheel effect of "terminal mass delivery-data collection training-continuous evolution of EAI brain-product power improvement-larger scale delivery" is formed to maximize commercial value. "
Since Jia Yueting became the company's Co-CEO in April 2025, he has launched ten major reforms, leading the company to achieve multi-dimensional breakthroughs in strategy, EAI product technology, business, finance, capital, government cooperation, corporate compliance, etc., and achieving a fundamental leap in the company's operations.
The most important thing is to launch and upgrade the company's strategy to the "EAI Robot + EAI EV" dual-engine strategy, and clarify the strategy execution rhythm. As a priority business in the first phase, EAI robots have shipped 68 units and achieved positive gross profit per product, and are transforming the first-mover advantage of first delivery into a sustained victory. In addition, the SEC investigation that lasted for more than four years was finally concluded without penalty, completely removing the historical shackles that suppressed the company's development, and the company and its founders were given a new lease of life.
The board of directors stated that it was on the solid foundation of this series of achievements that the board of directors highly recognized Jia Yueting's strategic ability, leadership and execution capabilities, and the unique value he created, and decided to appoint him as global CEO, starting the ultimate return of the founder's model and spirit.
Currently, FF is at the intersection of key nodes. On the one hand, the "Trinity" EAI robot strategy and phased results have been recognized by both the capital and education markets, and terminal delivery is in the critical climbing period of "from 1 to N"; on the other hand, FFAI is in a 180-day compliance battle and urgently needs to rebuild market confidence. Founder Jia Yueting became CEO at this time, which has multiple far-reaching implications for corporate governance, organizational level, business level, and capital level.
"On a personal level, I was appointed as FF Global CEO by the board of directors, and Jerry was appointed as FF Global Executive Chairman. This is not only an organizational adjustment, but also a complete return of FF's entrepreneurial spirit, entrepreneurial culture, founding team, and founder model. After experiencing countless troughs and ups and downs, it is a true regrouping and ultimate return." Jia Yueting said, "The true Founders Mode is not a title, but a responsibility. As the founders and earliest investors of the company, the interests of the founding team and shareholders are truly tied together. From today on, we have returned to Founders Mode and upgraded, and FF has officially entered the "zero excuse" stage of "one CEO, one direction, one result." The success of FF is the result of the team, and the failure is my sole responsibility.
Jia Yueting said that FF will officially upgrade to an American physical AI ecosystem company, focusing on two major product engines of the embodied intelligent robot business: one is EAI humanoid and bionic robots, and the other is EAI automotive robots. By building a "trinity" ecology of "terminal-data-brain and open source open platform", an evolutionary flywheel effect of "terminal mass delivery - data collection training - EAI brain continuous evolution - product power improvement - larger-scale delivery" is formed to maximize commercial value.
In terms of strategic execution rhythm, FF will focus on humanoid and bionic robots in the first phase, supplemented by automotive robots. Regarding the automotive robot business, Jia Yueting emphasized: "Only when strategic investors or medium- and long-term investors are introduced and the financing scale is sufficient to meet the demand for mass production and delivery, the automotive robot business will be fully launched. Before that, we will proceed prudently in a low-cost, low-investment, safest, and shareholder value-maximizing manner."
FF stated that this strategy allows the company to highly focus on, rapidly grow and rapidly generate positive operating cash flow robotics business resources, greatly reduce short-term cash expenditures, form an operating closed loop faster, reduce financial risks, get rid of the highly dilutive convertible bond financing model as soon as possible, and maximize the interests of shareholders.
As of April 30, FF has achieved positive gross profit and shipped 68 EAI robots. In May, it will continue to accelerate its climb and steadily move towards the shipment target of 200 units in the first delivery season. The company expects to ship more than 1,000 units in total in 2026, striving to transform its first-mover advantage as the first U.S. company to deliver humanoid robots and bionic robots and the first U.S. company to comprehensively expand into the education market into a sustained win.
Next week, the new management will officially release the new five major change measures after the upgrade and iteration of the original "Top Ten Change Combinations". It will be a declaration of strategic re-start for the next stage at a historical node when the founding team is fully at the helm, the dual-engine strategy is deepened and the robot business enters a critical period of climbing. The company will take the return of the founder as a new starting point, the dual-engineering strategy as the main axis, and "shareholders first" as the first criterion, to promote the company to cross the business turning point as soon as possible, rebuild the confidence of the capital market, and release the true value, so that all shareholders, investors and users who have never left the company can truly get the rewards and value they deserve.