On September 13th, Faraday Future (listed on Nasdaq under the ticker FFAI, hereinafter referred to as FF) declared that, in alignment with its comprehensive strategic blueprint, the company is set to independently spin off and expedite the listing process for its Crypto&C10 division, along with its cryptocurrency-related assets and business operations. The objective is to swiftly establish a second, independently listed public company under the control of FFAI. The company has pledged to unveil comprehensive details at an event scheduled for September 19th. This strategic spin-off will give rise to two distinct, publicly traded entities: FFAI and the newly formed company. These entities will function autonomously, yet also engage in collaborative efforts and mutual empowerment. FF's founder, Jia Yueting, remarked that this initiative marks a pivotal juncture for the company, with the intention of creating a secondary growth engine while maintaining the core business's focus on accelerating product delivery and expanding market reach. FF further disclosed that its board of directors has endorsed the spin-off strategy and is collaborating closely with investment banks, strategic investors, and legal firms. The company will divulge pertinent plans and progress updates on September 19th.