Investor Weekly Report 066 | FF Launches 'Built in USA' Acceleration Program; FCC Policy Creates New Opportunities as July Robot Sales Reach Another Record High

① FCC Policy Creates New Opportunities for FF; Company Launches "Built in USA" Acceleration Program

② July Robot Sales Reach Another Record High, Accelerating the Nationwide Deployment of FF's Four-Core Full-Stack AI Robotics Ecosystem Across the United States

③ FF to Host "Built in USA" Industry Chain Partner Recruitment Conference for Upstream and Downstream Partners

Full Script

Hello from Weekly Report Issue 66.

This week, I'd like to share our July sales campaign report, introduce FF EAI Robotics' "Built in USA" Acceleration Program against the backdrop of the FCC's new policies supporting the robotics industry, and preview our upcoming FF "Built in USA" Industry Chain Partner Recruitment Conference for upstream and downstream partners.

Let me begin with our sales campaign report.

In July, FF EAI Robotics achieved sales and shipments of 150 units, setting another monthly record and securing a strong first-month win for the Q3 Robotics Practical Deployment Campaign under our "Four-Core Full-Stack AI" ecosystem strategy. As of the end of July, cumulative sales and shipments reached 392 units, as we continued making steady progress toward our full-year shipment target of 2,000 units. Our four industry ecosystems and productivity solutions-across education, industrial applications, security and inspection, and other existing markets-are rapidly taking shape, building sustained momentum for the continued ramp-up of sales and deliveries.

Next, let me turn to the FCC's new policy. One of the most significant developments in the global robotics industry this week came on July 28, when the U.S. Federal Communications Commission added foreign-produced advanced robotic devices-including mobile robots such as humanoid and quadruped robots-as well as power inverters to its Covered List. As a result, newly covered devices are generally prohibited from obtaining new FCC equipment authorizations. We believe this signals that competition in the U.S. robotics market is expanding beyond products and R&D alone to include localized production, secure and compliant supply chains, data and information security, and broader regulatory compliance capabilities. It could also accelerate the reshoring and localization of supply chains for embodied AI robotics. At the same time, we believe that ICTS-related rules already being implemented in areas such as connected and electric vehicles could eventually have broader implications for the robotics industry.

All robot devices currently on sale under FF's "Four-Core Full-Stack AI" strategy have obtained the required FCC certifications. They will not be affected by the new policy and will continue to be supplied to the market. For our future robot devices and the parts required for regulatory compliance, we will accelerate, in phases, the work needed to obtain all applicable FCC and other U.S. regulatory approvals and certifications. The other three cores: the EAI Brain; EAI industry productivity solutions and developer platform; and the EAI Data Factory are among FF's unique advantages as a U.S.-based company, and we are accelerating their development, sales, and deployment.

More importantly, we believe this new policy will create significant advantages for FF in six key areas, for the following reasons:

1. First, for existing foreign OEMs selling in the U.S. market, certification for new products, software updates, and product iterations will face greater uncertainty. Some companies may be forced to scale back their U.S. operations or even exit the market.
2. Second, for new OEMs seeking to enter the U.S. market, barriers to entry will rise substantially. Regulatory complexity, time to market, and the financial costs of compliance will all increase significantly.
3. Third, for upstream suppliers, stricter compliance requirements for parts entering the U.S., fewer viable channels into the U.S. market, and potential excess supply will drive suppliers to pursue deeper partnerships with compliant U.S.-based companies. This will further highlight FF's advantages as a U.S. company.
4. Fourth, for downstream distributors and direct customers, viable long-term OEM partners will become far fewer, while compliant products and stable sources of supply will become increasingly scarce. This will make FF's capabilities in reliable long-term supply, delivery, after-sales service, and regulatory compliance even more competitive.
5. Fifth, for local customers and users, demand will continue to grow for products that are secure, trustworthy, compliant, and capable of sustained upgrades. This will make the value of FF's localized products and local delivery and service infrastructure even more evident.
6. Sixth, the new policy will accelerate the flywheel effect of FF's first-mover advantage. It opens a critical window of market opportunity, helping FF translate its status as the first U.S. company to achieve scaled delivery of humanoid and bionic robots into a stronger market position and a long-term competitive moat.

At the same time, we believe the FCC's new policy will further strengthen the seven unique advantages that FF has already established, including:

1. EAI Device-The Full-Form FF EAI Robot World Advantage
2. The Four-Core Full-Stack AI EAI Robotics Ecosystem Advantage
3. The Unique "5+1" User and Customer Acquisition and Operations Ecosystem Advantage
4. The U.S.-Based Company, Built in USA, and Global EAI Industry Bridge Strategy Advantage
5. The Ecosystem Evolution Flywheel Advantage, Comprising an Internally Driven Evolution Flywheel Powered by Real-World Data, the EAI Brain, and Scaled Deployment, and an Externally Driven Evolution Flywheel Powered by Built in USA, the Global EAI Industry Bridge Strategy, and an Open Value Chain
6. The Financial System Advantage Anchored in an Asset-Light Structure, Lean Operations, a Positive-Gross-Margin Orientation, and Payment-Before-Delivery Discipline
7. The Scarcity-Value Advantage in the Capital Markets Underpinned by FF's Nasdaq Listing and a Clear Path to Unleash the Full Value of the Robotics Business Itself

It is worth emphasizing that, subject to full compliance with all applicable FCC requirements, the new policy would potentially further strengthens the value of FF's Global EAI Industry Bridge. The policy is not intended to cut off global collaboration. Rather, while safeguarding national security and supporting the reshoring of supply chains and manufacturing, it allows the United States to continue drawing on advanced technologies, industry expertise, and supply-chain capabilities from around the world. This is highly aligned with FF's Global EAI Industry Bridge Strategy. Platforms that combine global industry resources with local R&D and manufacturing capabilities will become increasingly rare and valuable. FF is well positioned to serve as an important bridge for mutually beneficial cooperation between the United States and other countries.

In fact, internally we had anticipated a policy of this type, but the policy was issued roughly 6 months earlier than we expected. Seizing the opportunity created by this new policy, we have launched the FF EAI Robotics "Built in USA" Acceleration Program, with the goal of fully implementing our "Four-Core Full-Stack AI" robotics ecosystem across the United States.

The program will be carried out in three phases.

Phase One: We have already completed the initial localized implementation of three of the four cores-the EAI Brain; EAI industry productivity solutions and developer platform; and the EAI Data Factory. This has established a solid technology foundation for the continued development of our robot device core and enabled us to prepare well in advance for potential future ICTS-related regulatory requirements.

Phase Two: Accelerate the transition to "Assembled in USA" for our robot devices and the parts subject to FCC compliance requirements. We are working to localize robot production in the United States within a shorter timeframe and with greater efficiency.

Phase Three: Ultimately achieve "Made in USA" for our robot devices and certain parts subject to the FCC's Covered List requirements.

Future Risks, Challenges, and Opportunities could include: The FCC's new policy is accelerating the reshaping of the industry landscape while also setting a higher bar for FF. We must improve decision-making efficiency, organizational coordination, and execution capabilities to advance the implementation of our "Four-Core Full-Stack AI" strategy at a pace that outstrips the industry average, and convert our first-mover advantage into stronger market competitiveness and a sustained leadership position.

To accelerate the rollout and execution of this program, we will soon host the FF EAI Robotics "Built in USA" Industry Chain Partner Recruitment Conference for upstream and downstream partners. We warmly invite partners from across the global robotics value chain to join us. On the upstream side, this includes R&D partners such as robotics OEMs, component suppliers, and companies specializing in secondary development and customization. On the downstream side, it includes major B2B customers, robotics dealers and distributors across the United States, system integrators, data partners, and robot-sharing and rental platforms-including Roboshare, founded by AIxC. We look forward to partners from across the industry joining us to speed up the adoption of EAI robots in the United States and drive the continued growth of the industry.

We will share further details and timely progress updates on the "Built in USA" Acceleration Program.

Stay tuned and I'll see you again next week.

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