FF EAI Robotics Targets $1 Billion by 2030 With U.S. Manufacturing Push

Jerry Wang, executive chairman of Faraday Future Robotics, outlined the company’s push into physical artificial intelligence and robotics, highlighting sales targets, an open-platform strategy and plans to manufacture in the United States.

Wang described FF EAI Robotics Ecosystem (NASDAQ:FFR) as a California-based, publicly traded company focused on building robots across humanoid, quadruped and industrial mobile-manipulator formats. He said the business began its pivot from intelligent electric vehicles to robotics at the beginning of the year, following 12 years as an EV manufacturer that raised approximately $4 billion and developed two vehicles.

“We believe that our strategy is more like an Android platform,” Wang said, describing an open ecosystem built around one AI “brain” that can support multiple robot forms and tasks.

Sales and Financial Targets

Wang said the company began product sales in March and had sold more than 800 units, including 817 units by the end of September. He said the company ranked first in the United States by units shipped, though he did not identify the data source or comparison set.

For the full year, the company is targeting approximately $7 million in revenue and sales of about 2,000 robots. Wang said monthly deliveries had reached records from March through September and that the company was on track to meet its goals.

He characterized first-half financial figures as unaudited management results, saying the business generated more than $1 million in revenue and achieved a roughly 30% positive gross margin. The company is targeting more than 7,000 deliveries, around $50 million in revenue and a 31% gross margin next year, according to Wang.

By the end of 2030, the company projects $1 billion in revenue and a 50% gross margin, driven in part by software revenue from its ecosystem. Wang said the company estimates it can reach break-even on both operating cash flow and net income by the end of 2028, with cumulative funding needs below $150 million.

Robot Portfolio and Applications

The company’s portfolio includes more than 20 robot devices, Wang said, spanning humanoid robots, robotic dogs and wheeled mobile manipulators. He said humanoid models are designed for entertainment, performances and hospitality uses, including hotel-front-desk concierge roles.

Quadruped robots are positioned for education as well as security and surveillance. Wang said the security-focused models can include cameras, LiDAR, 3D mapping, facial recognition, sirens and temperature-detection capabilities. He said the company’s lowest-priced robotic dogs sell for about $4,000, while more advanced versions with equipment such as LiDAR and sirens can sell for $20,000 to $30,000.

For factories and logistics operations, Wang emphasized wheeled mobile manipulators rather than full-scale humanoids. He said the machines can perform basic activities such as moving objects between points and assisting with manufacturing processes. The company’s costs are about 20% of the average cost of humanoid robots currently available in the market, according to Wang.

During a demonstration, Wang said the showcased humanoid robot weighs about 100 pounds and can generally operate for roughly one-and-a-half to two hours per charge, depending on the task. Charging takes less than one hour, he said. Wang acknowledged that standing upright requires substantial battery energy and said humanoids may become more practical for daily work in three to five years as batteries and hardware improve.

Data, Software and Leasing

Wang said the company’s ecosystem includes devices, data collection, AI “brain” development and industrial productivity solutions. It is gathering data through a data-factory business that generated 2,000 hours of data per month as of August, he said, with a target of 20,000 hours per month by year-end.

He said the data business had generated nearly $500,000 in revenue, while later stating it had generated $400,000 by October. The company sells packaged, cleaned and tagged real-world data to large AI companies, Wang said.

The company also operates a RoboShare leasing platform, offering robots for rent at rates ranging from $300 to $1,000 per day for events, factories, warehouses and homes. Owners can also place their robots on the platform for leasing when not in use, he said.

Manufacturing and Corporate Structure

Wang said the company plans to begin assembly and manufacturing in the United States early next year. He said the company’s automotive background gives it confidence in scaling robot production, noting that a robot has about 200 parts compared with roughly 3,000 parts in a vehicle’s final assembly.

Addressing regulation, Wang said the Federal Communications Commission had barred foreign physical-AI robotic products from entering the United States. He said the company’s U.S.-based software development and planned domestic manufacturing would support compliance.

Wang also said the robotics business is pursuing a reverse merger with FFR to create a pure-play public physical-AI ecosystem company separate from the existing vehicle business. He said an agreement had been signed and the company was targeting a closing “very soon.” Following the transaction, Faraday Future, its parent company and management are expected to own about 75%, PIPE investors about 5%, and existing FFR shareholders roughly 10%, according to Wang.

About FF EAI Robotics Ecosystem (NASDAQ:FFR)

FF EAI Robotics Ecosystem (NASDAQ: FFR) is a technology company focused on developing an ecosystem that combines artificial intelligence, electric vehicles and robotics. Its activities are centered on intelligent mobility products, software and related services designed to connect vehicles, users and digital technologies.

The company is historically associated with Faraday Future, an electric-vehicle developer known for the FF 91 luxury electric vehicle. The FF 91 was designed as a high-performance, connected vehicle featuring advanced driver-assistance technology, digital services and a premium interior.