Executive Summary - Faraday Future Intelligent Electric (FFAI) has approved a plan to spin off its Crypto Flywheel assets into a separately listed company called CXC10, which will enhance investor visibility and fundraising opportunities for both entities [1]. Spin-Off Details - The spin-off will separate the core EV business from the crypto venture, allowing each to focus on its specific operational and capital requirements [3][7]. Strategic Rationale - The two businesses lack synergies, and the separation aims to clarify the narrative for investors, particularly appealing to institutional investors who may have been skeptical of the mixed business model [3]. Business Outlook - Faraday Future's EV business has yet to generate revenue but is showing signs of narrowing operational losses, with plans for FX Super One deliveries to start by the end of 2025 in the U.S. [4]. - CXC10 currently holds approximately US$10 million in digital assets through its C10 Treasury program, with ambitions to expand into a broader Web3 ecosystem, although execution risks remain high [4]. Valuation Implications - The spin-off could unlock value for both businesses, allowing Faraday to trade on traditional auto/tech multiples while CXC10 may achieve a premium valuation in the current bullish cryptocurrency environment [5]. Additional Details - CXC10 will house Faraday Future's crypto assets, while the parent company will retain its focus on EV and mobility initiatives [7]. - The transaction's tax status is not disclosed, and further details are expected on September 19, 2025 [7]. - The separation aims to reduce investor confusion, enable independent fundraising for CXC10, and provide operational clarity with dedicated governance and compliance structures [7].

Core Insights - Faraday Future is preparing for the 919 Futurist Day & Stockholders' Community Day on September 19, 2025, to celebrate the one-year anniversary of the FX Strategy and engage with stockholders [2][8] - The event will showcase the FX Super One's interior and product highlights, along with updates on its homologation in the U.S. and launch plans for the Middle East [3][4] - The company is focusing on its Crypto Flywheel strategy, which includes the C10 Treasury and aims to maximize value creation for stockholders through a dual-engine growth system [4][9] Company Updates - The FX Super One has been actively showcased in key states, including participation in the Luxury Transportation Exchange event in Las Vegas, generating strong interest from industry partners [5][6] - Under the 10b5-1 share purchase plan, the Co-CEO has invested approximately $180,000 in FFAI common stock, demonstrating confidence in the company's long-term strategy [7] - A Special Meeting of Stockholders will be held on September 19 to seek approval for key proposals, including increasing shares for the equity incentive plan to attract and retain talent [8] Crypto Strategy - The C10 Treasury has expanded with a new allocation of $2 million in crypto coins, maintaining an investment strategy of 80% passive index and 20% active management [9] - Staking of C10 crypto coins has begun, expected to enhance yield, mitigate risk, and support ecosystem participation [10] - The company is committed to its strategic investments in cryptocurrencies, focusing on LINK and BNB as core assets [9][10]

RT YT Jia 贾跃亭 (@YTJiaFF)FF’s EAI EV Flywheel and Crypto Flywheel operate in parallel, serving as mutual engines in a circular growth system.Through the real-time circulation of capital, technology, users, data, and markets, this system forms a two-way amplifier between industrial and capital value. @FaradayFuture @CryptoWendyO#Crypto #BTC #Trading #FaradayFuture #ffai #C10Treasury #YTJia ...