Faraday Future Secures Shareholder Approval for Share Increase

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Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) has received shareholder approval to increase the number of authorized shares of both common and preferred stock. This will provide the company with greater financial flexibility to support key initiatives in 2026, including ramping up production of its FX Super One electric vehicle and expanding its embodied AI (EAI) robotics business.

Why it matters

Faraday Future's dual focus on electric vehicles and AI-powered robotics demonstrates its strategy to diversify beyond just automotive manufacturing. The shareholder approval allows the company to fund these growth initiatives as it seeks to capitalize on the expanding EV market and the projected $210 billion global robotics market by 2025.

The details

The additional shares will be used to advance production milestones for the FX Super One EV and continue developing and commercializing Faraday Future's EAI robotics products. This underscores the company's commitment to a two-pronged approach, leveraging both its electric vehicle expertise and emerging AI robotics technology.

• Faraday Future received shareholder approval in February 2026.
• The company plans initial deliveries of its EAI robotics products this month.
• Faraday Future anticipates starting mass production of the FX Super One in 2026.

What’s next

Faraday Future will use the additional authorized shares to fund its capital needs and existing obligations, with a focus on advancing the FX Super One's production and expanding its EAI robotics business.