The transaction and the new structure
According to what was reported by the source, FFR completed the merger with FFAI, the division dedicated to robotics, absorbing all of its activities and assets. The transaction provided for the issuance and delivery to FFAI of ordinary shares and non-voting convertible preferred shares. With this step, FFR is listed on Nasdaq.
The new leadership team has 贾跃亭 as chief executive officer and Jerry Wang as executive chairman. The company also announced that it had completed the first phase of the accelerated program called 'Built in USA' and had assembled the 'FF 机器人世界 2.0' platform. The stated goal is to turn its first-mover advantage into a competitive position, focusing on an ecosystem that the source calls '四核全智', on a technology referred to as EAI, and on an approach based on a single intelligence applied to multiple robotic forms.
Financial forecasts
FFR has released for the first time guidance for 2026 covering only the robotics business: the company expects sales and shipments of approximately 2,000 units, with a positive gross margin. This is a forecast, not a result already achieved.
For 2027, and only on condition of obtaining the necessary financing, FFR estimates revenue of approximately USD 45.2 million, of which approximately USD 32.5 million is attributed to the EAI core and approximately USD 12.7 million to the other three components of the ecosystem. Forecast sales for 2027 are indicated at approximately 7,400 units. The source also reports an indicative conversion into yuan, which does not change the substance of the estimates.
The five-year outlook indicates cumulative revenue of approximately USD 1.98 billion, with USD 1.08 billion from the main core and USD 900 million from the other areas, and cumulative sales of approximately 133,000 robots. The same source specifies that these forecasts involve uncertainties and do not constitute a guarantee of future results.
Statements and open questions
贾跃亭 said that FFR aims to become the first pure-play stock listed in the United States in the EAI-based humanoid and biomimetic robot segment, with the ambition of remaining in the top three in the sector within five years. This is a statement of intent, not a verifiable fact.
Several aspects that the material does not cover remain to be clarified: the financial details of the merger, the price and performance of the stock on Nasdaq, the number of shares allocated to FFAI, and the concrete terms of the financing on which the 2027 estimates and the five-year plan depend. The delivery timeline and the composition of demand for the 2,000 robots expected in 2026 are also not specified.
