Operator

Greetings. Welcome to Faraday Future First Quarter 2026 Earnings Call. [Operator Instructions] Please note this conference is being recorded. I will now turn the conference over to John Schilling, Director of Public Relations and Communications. Thank you. You may begin.

John Schilling
Director of Communications and Public Relations

Good evening, everyone, and thank you for joining Faraday Future's First Quarter 2026 Earnings Call. My name is John Schilling, Global Director of Public Relations, Communications and Government Affairs here at Faraday Future. Today, I am joined by our Global CEO, YT Jia.

Before we begin, please note that today's discussion will include forward-looking statements based on current expectations and assumptions. These statements involve risks and uncertainties that could cause actual results to differ materially. We encourage you to review our SEC filings for a detailed discussion of these risks. We undertake no obligation to update forward-looking statements, except as required by law.

Following prepared remarks, we will address a selection of stockholder questions submitted in advance.

And with that, I'll turn the call over to YT, our Founder and Global CEO.

Yueting Jia
Founder, Global CEO & Partner

Thank you, John, and thank you to those joining us here today. I would like to thank the company and the Board for their trust in acknowledging and appointing me as Global CEO.

In today's call, I will provide an update on FF's first quarter 2026 results, key progress from the first quarter through today and our outlook for the next stage of growth. FF will officially evolve into a U.S.-based physical AI ecosystem company focusing on 2 product