Faraday Future Intelligent Electric Inc.

Greetings. Welcome to Faraday Future Second Quarter 2026 Earnings Call. At this time, all participants are in a listen-only mode. Should anyone require operator assistance during the conference, please press star zero on your telephone keypad. Please note this conference is being recorded. I will now turn the conference over to John Schilling, Director of Public Relations, Communication, and Government Affairs. Thank you. You may begin.

Good evening everyone and thank you for joining Faraday Future's second quarter 2026 earnings call. My name is John Schilling, Global Director of Public Relations, Communications, and Government Affairs at Faraday Future. Today I am joined by our global CEO, Y.T. Jia. Before we begin, please note that today's discussion will include forward-looking statements based on current expectations and assumptions. These statements involve risks and uncertainties that could cause actual results to differ materially. We encourage you to review our SEC filings for a detailed discussion of these risks. We undertake no obligation to update forward-looking statements except as required by law. Following prepared remarks, we will address a selection of stockholder questions submitted in advance. With that, I'll turn the call over to YT, our founder and global CEO.

Thank you, John, and thank you for joining us here today. In today's call, I will provide an update on FF's second quarter The second quarter validated our core growth model, where EAI devices serve as the entryway, real world data as the fuel, and the EAI brain and developer platform as the driving engine. FF made a pivotal transition, moving from strategic framework into execution. Scaled Delivery, and Commercial Scenario Deployment. Centered around our core pillars, we have established an initial closed-loop flywheel. Device deployment feeds real-world scenario data, which drives EAI brain training, leading to skills and solution upgrades, and ultimately fueling further device deployment for EAI robotics business. As of the end of the first quarter, second quarter, and July 2026, cumulative sales and shipments totaled 22,242 and 394 units respectively, demonstrating a continued upward trend in volume. Given the strong momentum, our annual shipment target has been updated to 2,000 units. To drive broader adoption, We also launched the EAI Robotics Education Ecosystem for both B2C consumer and B2B education markets. By integrating robot bodies, AI programming curricula, developer tools, skills ecosystems, and real interaction data, led by entry-level products like FX Navi, we are lowering the barrier to physical AI learning and empowering young learners to evolve from AI users into AI creators. Based on this progress, the company has completed the strategic upgrade to its four-core full-stack AI ecosystem in the second quarter, further defining its development roadmap around four core pillars. the EAI Brain, EAI Devices, Industry Productivity Solutions and Developer Platform, and the EAI Data Factory. All four pillars are now in active implementation, with the EAI Devices business already in commercial deployment and the EAI Brain, Data Factory, and Industry Productivity Solutions and Developer Platform establishing their initial operating foundations. At the same time, these efforts position us well to proactively prepare for potential future ICTS-related regulatory developments. Meanwhile, we continue to advance our built-in USA strategy, accelerating the development of U.S. domestic robotics manufacturing capabilities and a trusted robotics industry value chain. Leveraging the strategic market window created by the recent FCC policy, we are accelerating the establishment of a U.S.-centered robotics ecosystem, further strengthening FFAI's strategic leadership position in the U.S. embodied AI robotics industry. Looking ahead, we remain committed to advancing the development of America's embodied AI robotics industry and reinforcing the United States' global leadership in embodied AI and robotics. Now, let me now walk through our product technology and business update. In the second quarter of 2026, we upgraded our robotics strategy to continue establishing targeted commercial execution. Our strategy evolved from three-in-one ecosystem to the four-core full-stack AI ecosystem by adding industry productivity solutions and developer platform as the fourth core, alongside the EAI Brain, EAI Devices, and EAI Data Factory. Let's dive into each of these core solutions individually.