Faraday Future announced leadership and governance changes, with its Board acknowledging and appointing founder YT Jia as Global CEO and Jerry Wang as Global Executive Chairman. The Board accepted Matthias Aydt’s resignation as Global Co-CEO and appointed independent director Chad Chen as Lead Independent Director. Aydt will temporarily continue as an internal advisor while a new role is discussed.
The changes mark the return of the founding team to key positions at the Board and management levels. The company stated this transition supports execution of its Dual-Engine Strategy of “EAI Robotics + EAI EV” and focuses on long-term stockholder value.
As Global CEO, YT Jia will oversee Product, EAI R&D, Supply Chain, Manufacturing, Quality, UES, VLE and other business areas. He will jointly oversee Strategy, Capital Markets & Investor Relations, Human Resources, Corporate Operations and AI IT, along with subsidiaries and regional entities, with Jerry Wang. Wang will directly oversee Finance, Legal, Government Affairs & Strategic Cooperation, and Risk Management.
YT Jia said: “FF will officially evolve into a U.S.-based Physical AI ecosystem company, focusing on two product engines within its EAI robotics business: EAI humanoid and bionic robots, and EAI automotive robots. By building a Three-in-One ecosystem consisting of Device, Data, and Brain & Open-Source and Open Platform, FF aims to create an evolutionary flywheel of ‘scaled device delivery, data collection and training, continuous evolution of the EAI Brain, stronger product capability, and larger-scale delivery.’”
Jerry Wang, a core founding member, has been involved in financing, compliance, partnerships, and resource integration. His appointment as Global Executive Chairman is intended to strengthen closed-loop management from financing to operating results, with emphasis on business quality and financial performance.
The company plans to announce an upgraded set of five transformation initiatives next week, building on the prior “Ten-Punch Combo” efforts led by Jia since his appointment as Co-CEO in April 2025. Those efforts included advancing the Dual-Engine Strategy, with EAI Robotics as the first-phase priority.
As of April 30, FF had shipped 68 EAI robots with positive unit gross margin. It targets 200 units by the end of June and cumulative shipments exceeding 1,000 units in 2026. The company is the first U.S. firm to sell and deliver both humanoid and bionic robots and to expand into the education market.
Additional facts noted include the conclusion of a four-year SEC investigation with no penalties. The company is in a 180-day period to regain compliance and aims to cross its operating inflection point, with product delivery moving from initial units to scaled deployment.
Faraday Future, founded in 2014 and based in California, is an Embodied AI (EAI) ecosystem company focused on vehicle electrification, intelligent technologies, and AI innovation. Its FF 91 vehicle began deliveries in 2023.
