Faraday Future Founder and Global CEO YT Jia Shares Weekly Investor Update: Provides New Details on Upgrading Its Robotics Strategy to the "Four-Core Full-Stack AI" and Q3 Robotics Practical Deployment Campaign

About this update from Faraday Future Intelligent Electric Inc.

LOS ANGELES, July 12, 2026 --( 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. "Hello everyone, welcome to issue 63 of our weekly report. Today, I will share how FF is upgrading its robotics strategy from the "Three-in-One" ecosystem strategy to the "Four-Core Full-Stack AI" ecosystem strategy, as well as our Q3 Robotics Practical Deployment Campaign to turn this ecosystem into real-world utility and sustained value. But before that, I would first like to share a piece of positive news on the capital front and a user story from FF's education robotics business. This week, the Company canceled an additional 5.36 million warrants, bringing the total number canceled since the end of 2025 to nearly 50 million. This has significantly reduced the potential dilution associated with the warrant overhang and substantially strengthened the Company's capital structure. At the same time, the Company revised the closing structure of the financing entered into last July, eliminating the issuance of the vast majority of warrants previously associated with subsequent closings while accelerating the receipt of financing proceeds. Together, these two actions reflect investors' strong and continued support for, and confidence in, the Company's strategy and business. Let me also share a meaningful story about an FF education robot and a young user. A mother enrolled her son, who had never been particularly interested in studying, in a summer program at Sequoia Education. The family was scheduled to leave on a trip as soon as the program ended. During the program, the boy was introduced to AI programming and robotics through FX NAVI for the first time, and he was completely captivated. When it was time for the family to leave for their trip, he burst into tears and did not want to go. All he wanted was to stay and continue learning with NAVI. In the end, his mother bought him a NAVI—and only then was the family able to set off on their trip. Children are not unwilling to learn. They simply need the right entry point—one that can spark their curiosity and unlock their creativity.

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