Faraday Future Intelligent Electric has announced a sweeping leadership overhaul, appointing founder YT Jia as sole Global CEO and core founding member Jerry Wang as Global Executive Chairman, both effective May 5, 2026. The changes also include the resignation of Matthias Aydt as Global Co-CEO and the appointment of independent director Chad Chen as Lead Independent Director. The company said the transition marks the full return of its founding team and a new chapter in its evolution as a Physical AI ecosystem company.
As Global CEO, Jia will oversee product, EAI research and development, supply chain, manufacturing, and quality functions, while, alongside Wang, jointly overseeing strategy, capital markets, investor relations, and human resources. Wang will directly oversee finance, legal, government affairs, strategic cooperation, and risk management. The restructuring is designed to streamline decision-making, reduce organizational friction, and accelerate execution of the company’s Dual-Engine Strategy centered on EAI Robotics and EAI Electric Vehicles. Jia’s return comes after serving as Co-CEO since April 2025, during which time the company shipped 68 EAI robots with positive unit gross margins and concluded a four-year SEC investigation with no penalties.
Faraday Future said its robotics business is entering a critical ramp-up phase, with cumulative shipments targeted to exceed 1,000 units in 2026 and a first-season delivery goal of 200 units by the end of June. The company positions itself as the first U.S. company to sell and deliver both humanoid and bionic robots and the first to fully expand into the education market. Next week, the new management team plans to announce five upgraded transformation initiatives as a strategic re-launch declaration, building on Jia’s earlier “Ten-Punch Combo” transformation program.
The company acknowledged that it is currently in a 180-day period to regain Nasdaq compliance and faces ongoing liquidity and capital challenges, with the founding team’s return framed as a key step in rebuilding capital market confidence and unlocking stockholder value.
KEY QUOTE:
“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 and 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,’ with the goal of maximizing commercial value.”
YT Jia, Global CEO, Faraday Future
