Jia Yueting Announces FF AI Robot Receives U.S. Certification and Set for Sale; BlackRock Boosts Stake to 9.5 Million Shares

Faraday Future (FF) founder Jia Yueting recently announced that the company's first FF AI robot product has received U.S. regulatory certification and is set to launch sales soon. Designed around real-world usage scenarios, the robot aims to address critical industry pain points and positions FF to become the first U.S.-based company to achieve positive gross margins on humanoid robot deliveries, rapidly establishing itself among the leading embodied intelligence companies. On the investment front, BlackRock increased its stake in FF AI to approximately 9.5 million shares in Q4 2023, a 40% increase from Q3. Wall Street has issued a "Buy" rating with a target price of $5 per share, arguing that the current share price of $1.02 is significantly undervalued. FF currently has a market capitalization of approximately $202 million, with its stock price hovering near the $1 threshold that could trigger delisting. Reportedly, the FF AI robot will adopt a "bridge model" similar to FF’s automotive business—integrating a global supply chain and potentially partnering with Chinese automakers through rebadging strategies—to enter the U.S. market with high cost-performance appeal.