Faraday Future Intelligent Electric (NASDAQ: FFAI) has announced a major leadership restructuring as the company accelerates its transformation into what it describes as a U.S.-based Physical AI ecosystem company focused on embodied AI robotics and intelligent mobility technologies.
The company’s Board of Directors has formally acknowledged and appointed YT Jia as sole Global CEO, while Jerry Wang has been appointed Global Executive Chairman. The governance changes became effective May 5, 2026.
At the same time, the Board accepted the resignation of Matthias Aydt from his role as Global Co-CEO. Aydt will continue temporarily as an internal advisor while discussions continue regarding a potential future role within the organization. Independent director Chad Chen was also appointed Lead Independent Director.
Under the revised structure, Jia will oversee core business operations including product development, embodied AI research and development, manufacturing, supply chain, quality, and vehicle engineering systems. He will also jointly supervise strategy, investor relations, human resources, corporate operations, and AI IT functions alongside Wang. Wang, meanwhile, will directly manage finance, legal affairs, government relations, strategic cooperation, and risk management.
The leadership overhaul comes as Faraday Future seeks to reposition itself beyond electric vehicles into broader Physical AI applications. Jia said the company plans to focus on two core product engines within its embodied AI ecosystem: humanoid and bionic robots, alongside automotive robotics technologies. The company aims to develop what it calls a “Three-in-One” ecosystem integrating devices, data, and AI brain platforms to create continuous product improvement and scalable deployment.
Faraday Future stated that Jia’s return to sole leadership follows what the company described as a year-long operational transformation initiated after his appointment as Co-CEO in April 2025. According to the company, the transformation included strategic, operational, compliance, and capital market initiatives aimed at stabilizing business fundamentals and improving execution capabilities.
Among the developments highlighted was the implementation of a “Dual-Engine Strategy” combining embodied AI robotics and electric vehicle technologies. Faraday Future said its robotics business has shipped 68 units to date with positive unit gross margins. The company is targeting 200 units in cumulative deliveries by the end of June 2026 and projects shipments exceeding 1,000 units in 2026.
The company also noted that a U.S. Securities and Exchange Commission investigation lasting more than four years concluded without penalties, which it described as the removal of a significant historical challenge affecting the company’s progress.
Faraday Future indicated that the Board viewed Jia’s strategic leadership and execution capabilities as central to the company’s next growth phase. The company said the revised governance structure is expected to streamline decision-making, strengthen operational responsiveness, and improve organizational execution as the business attempts to scale production and restore investor confidence.
From a strategic standpoint, the company believes Jia’s combined experience in intelligent electric vehicles, AI technologies, and the U.S. market positions him to accelerate commercialization efforts while reducing operational friction. The company also emphasized closer alignment between founding leadership and shareholder interests as part of its long-term capital strategy.
Faraday Future said the robotics division is entering a critical scale-up phase, particularly within the education market, where it claims first-mover advantages in humanoid and bionic robotics deployment.
The company plans to unveil five upgraded transformation initiatives next week, expanding on its earlier “Ten-Punch Combo” restructuring program.
