FFAI · Faraday Future Intelligent Electric Inc.

The leadership transition at Faraday Future Intelligent Electric Inc. marks a pivotal shift with the return of its founding team to core executive roles, aimed at enhancing execution of the Dual-Engine Strategy in EAI Robotics and EVs. Matthias Aydt's resignation as Co-CEO without disagreements allows Yueting Jia to assume sole CEO responsibilities over product, R&D, supply chain, and more, while coordinating strategy with the new Global Executive Chairman Jiawei Wang, who takes oversight of finance, legal, and risk functions. This structure is intended to streamline decision-making, reinforce founder-driven entrepreneurial spirit, and align management closely with stockholder interests. Chad Chen's appointment as Lead Independent Director bolsters governance. Compensation enhancements, including substantial retention and promotion bonuses with clawback provisions, RSUs, PSUs tied to performance metrics, and housing allowances, incentivize long-term commitment amid ongoing salary deferrals. These changes coincide with plans to announce upgraded transformation initiatives, signaling a new growth phase focused on scaling EAI robot deliveries and rebuilding capital market confidence.