Jia Yueting's Big Play Unveiled on September 19th: Revealing the Interior of FX Super One and the Spin-off & Listing Strategy for Crypto Business
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Author:小编   

On September 18th, Faraday Future (FF) unveiled a promotional poster for the upcoming '919 Futurist Day', which was just two days away. The poster subtly teased the unveiling of significant progress in its Web3 business and additional insights into its latest model, the FX Super One. FF has outlined plans to spin off and independently list its Crypto-centric flywheel business, known as CXC10. This strategic move has already received the green light from the company's board of directors. Following the spin-off, CXC10 will embark on an independent fundraising journey, thereby alleviating concerns among FF AI shareholders regarding potential share dilution stemming from Crypto business financing. This approach also enables the EAI electric vehicle team and the Crypto business team to concentrate more fully on their respective domains, thereby accelerating the delivery of products under both the FF and FX brands.

FF revealed that its C10 Treasury has successfully allocated approximately $10 million in cryptocurrency assets and has already achieved profitability. Moreover, the event will spotlight intelligent features such as the EAI Space and Vehicle EAI Agent of the FX Super One. To share all the details, FF will host an online livestream at 5 PM Los Angeles time on September 19th (which corresponds to 8 AM Beijing time on September 20th).