Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) announced it will pause its original Super One 400V cooperation project and instead develop either an 800V battery-electric model or an AI hybrid extended range model for its first mass-production vehicle deliveries.

The California-based company stated that mass-production vehicle deliveries will proceed only after securing financing from strategic or medium-to-long-term investors sufficient to support production. Until then, the company will operate in a manner that minimizes cost and investment while prioritizing safety and stockholder value, according to the press release.

The company has shipped 68 EAI robots as of April 30, 2026, with positive product gross margin. Faraday Future expects May shipments to accelerate as it progresses toward its first delivery quarter target of 200 units and anticipates cumulative shipments to exceed 1,000 units in 2026.

The revised delivery timeline indicates that once funding is secured, the Super One 800V model is expected to achieve first phase delivery within 6 to 9 months, while the AIHER hybrid model is expected to reach first phase delivery within 9 to 12 months.

Faraday Future recently secured $45 million in financing from a U.S. institutional investor. The company stated it is in active discussions with potential strategic and medium-to-long-term investors and expects to move away from convertible bond financing.

The adjustment will allow the company to concentrate resources on its robotics business during its ramp-up period, which is expected to reduce near-term cash outflows and accelerate the formation of an operational closed loop, the company stated.