Faraday Future Intelligent Electric Inc. Common Stock Investor update

Before we begin, please note that today's presentation contains forward-looking statements. Hello, everyone, and welcome to part 2 of the FF AI Robotics Built in USA Launch and Business Partner Conference. Before we begin, please note that today's presentation contains forward-looking statements. Please refer to the disclosures on screen. Now, please welcome YT to the stage to officially begin today's event.

Thank you. Hello, everyone. I am very happy to share a major milestone with you today.

FF AI Robotics business has taken a big step toward its independent public listing. Yesterday, September 28, Nasdaq-listed AIXC, soon to be FFR, announced a proposed combination with FF AI Robotics to start a major strategic restructuring. This could make it the number 1 publicly traded pure-play full-core, full-stack AI robotics ecosystem company. It could put us in a stronger position to lead the global embodied AI robotics industry. It would also put us on a fast path to maximize the strategic and the capital market value of FF's robotics ecosystem. At the same time, FF AI announced a major strategic upgrade. We plan to become a robotaxi and AI Cabin shared mobility operations company, as well as a Physical AI investment holding company.

Our goal is to help drive the next wave of change in the auto industry once again. Now, let me share this major milestone, which could be the breakout moment that unlocks huge value. FF AI has signed a term sheet with Nasdaq-listed AIXC, which currently trades under the ticker AIXC. Under the proposed transaction, we would bring 100% of FF's robotics company into AIXC. The market-based valuation is approximately $200 million, and FF AI will receive AIXC shares in exchange. On September 30, AIXC will take the name FF EAI Robotics Ecosystem, Inc., and its ticker will change to FFR. With this major milestone, FF AI and FFR, currently AIXC, will each have a new path for growth. First, once FF's robotics business merges with publicly listed AIXC, it will operate and raise capital independently, leaving long-standing burdens behind and entering a breakout phase of value realization.

Let me share what this means, starting with our strategy. Once the transaction is completed, AIXC will leave the crypto business behind completely. It will become a pure-play AI robotics company. For the business, look at what we have achieved in less than a year. The results have exceeded our expectations. We completed phase 1 of the Built in USA acceleration program. We are building the one brain, multiform, multi-capability FF EAI Robot World 2.0, and we have launched 24 products across three robot forms. All 24 have received FCC certifications, and we are continuing to deliver them to customers. Our full-core, full-stack AI ecosystem is beginning to take shape, and you can see the progress in the numbers. By the end of August, cumulative AI devices sales and shipment reached 552 units. In Q2, the average contribution margin on our robotics products was over 30%.

Cumulative revenue was approximately $152 million. There is progress across all three other cores. Our EAI Brain, which we developed in-house, has entered engineering, testing, and delivery. Version 1.0 of the developer platform is live. Our EAI Data Factory has established an initial commercial closed loop. We have also completed our first round of data collection and training with real robots. Four industry productivity solutions have been completed and launched. RoboShare has received multiple paid orders as well. Where do we plan to go from here? Under FF AI's robotics business plan, we expect to reach positive quarterly operating cash flow in Q3 2028. Over five years, we project cumulative revenue of around $1.98 billion, with gross margin gradually rising to about 54% in 2030. We also expect ecosystem businesses to account for a growing share of that revenue.

Together, we plan to deliver EAI devices at a much larger scale. Our five-year target is more than 100,000 units sold. At the same time, the EAI Brain and development platform, industry productivity solutions, EAI Data Factory, and services will grow together and bring all four cores further into real-world use. We also plan to invest an estimated total of $300 million in R&D over five years so we can stay ahead in both products and technology. We are now in phase 2 of our Built in USA Acceleration program. We are moving faster to roll out the next Futurist and the next Aegis product series. We have also started the conditional approval application processing line with applicable regulatory requirements. We are speeding up to build out our supply chain compliance and certification and production capabilities.

Our target is to have the robotic factory operational by the end of this year, with the first new EAI device rolling off the line in the first quarter of 2027. We want to build this with partners. Today, FF is officially opening the EAI Robotics Made in USA Industry Alliance to new members. Later, you'll hear directly from representatives of 10 suppliers, including MetaSense Technology USA, UNCUS, and NexCOBOT. They'll give you a sense of the great potential for global innovation to work closely with U.S. R&D, manufacturing, and the supply chain ecosystem. For capital, we will give the robotics business its own platform in the public markets. This will help investors see and value the business on its own merits and help us unlock that value over time.

We want to rely less on financial methods that could cause substantial dilution and move as quickly as possible to maximize value for our stockholders. Financially, our three financial statements, the income statement, balance sheet, and cash flow statement, will be more clear and better represent the true underlying value of FFR. At the same time, we expect the business to need much less capital. Our current projection is to achieve positive quarterly operating cash flow in the third quarter of 2028 based on this five-year plan. Once the transaction is completed, our goal is for FFR to remain among the top three EAI robotic ecosystem companies overall over the next five years. Second, for FF AI, we have two strategic upgrades. Number one, become a Physical AI investment incubation and holding company by bringing its robotics business into AIxC, will soon be FFR.

Number 2, we are upgrading our automotive strategy in 3 ways. First, enter robotaxi operations, including connecting to the Cybercab networks. Second, bring FF's AI Cabin into other intelligent vehicles. Third, connecting our own vehicle to robotaxi networks. FF has 5 strengths that can help us make these upgrades. First, our DNA and forward-looking strategy. Back in 2014, we were the first to bring up the 4 future trends strategy: electrification, AI, internet, and sharing. Autonomous driving has developed for more than a decade. Now, as the technology matures, shared mobility is once again becoming a major direction for the auto industry. At the turning point, FF has a natural advantage in helping drive the change. Second, our experience in shared mobility network operations. We once owned Yidao, China's largest premium ride-hailing network. It was often called China's Uber Black. Third, our AI Cabin technology.

Drawing on more than 20 years of intelligent cabin experience, we plan to bring FFWD's third AI space to robotaxi, including Cybercab, and to conventional intelligent vehicles. We want to give passengers 2 kinds of value, a ride from A to B, and an AI-powered living space inside the vehicle. Fourth, synergy across shared platform operations. RoboShare already has operating capabilities we can build on. We plan to extend them quickly into robotaxi mobility services, from bringing vehicles onto the platform to operating them and serving users. By using resources well and keeping costs as low as possible, we aim to build a real competitive advantage. Fifth, ecosystem investment holding. FFR is set to become the first publicly traded robotics ecosystem company. We have incubated that will demonstrate FFAI's ability to incubate businesses in Physical AI and also show the strength of our model.

Once the merger is complete, FFAI will be its single target and the controlling stockholders. We will continue to share in the potential future value of the robotic business. If applicable conditions are met, FFAI will also consolidate FFR's financial results. We would expect to see meaningful improvement in the reported financials for both FFR and FFAI. Today, we stand at a new starting point. I believe FFR will move forward in a new way with far greater room to grow. FFAI will unlock value in a more open and resilient way. This is a new beginning for both companies. It is also an important step for AI and Physical AI, from exploring what is possible to building the industry together and toward the next great leap. Let's join hands with partners around the world.

Together, we can bring Physical AI into the real world and open a new era for the industry. Now, I'd like to invite Jerry to the stage.

Jerry, over to you. First, on behalf of AIxC, I want to thank FFAI for its long-term investment, support, and incubation of the robotic business.