Core Insights - Faraday Future (FF) launched its new model, FX Super One, in Dubai, positioning it as the "world's first First Class EAI MPV" [1] - The AIHEREV Max version is priced at 309,000 AED (approximately 598,000 RMB), with football legend Andrés Iniesta as the first global owner [1] - The vehicle supports payment in both fiat currency and cryptocurrency (USDT and USDC), reflecting FF's strategy to integrate smart mobility with blockchain economics [1] Group 1 - The FX Super One AIHEREV Max features a hybrid range-extended system with a 1.5T engine and dual motors, achieving a WLTC combined range of 963 km and a 0-100 km/h acceleration time of 5.7 seconds [2] - The vehicle dimensions are 5410mm in length, 1960mm in width, and 1890mm in height, with a wheelbase of 3275mm, and it comes standard with a four-wheel drive system for the Middle East market [2] - Interior features emphasize luxury and technology, including zero-gravity seats, a 23-speaker audio system, full-length electric privacy curtains, and FF's self-developed Super EAI F.A.C.E. system [2] Group 2 - FF's founder, Jia Yueting, stated that introducing the FX Super One to the Middle East is a key step in its global strategy, aiming for the model to represent ultra-smart technology luxury MPVs in the region [2] - The company plans to rename its strategically invested holding company QLGN to AlxCrypto after the November shareholder meeting, and will release a white paper for the EAI RWA Utility Token to further its "EAI+Crypto" strategy [2] - The initial deliveries in the Middle East are expected to lay the groundwork for global sales and future production in the United States [2]

Core Insights - Faraday Future has completed its strategic investment in Qualigen Therapeutics, focusing on Crypto and Web3-related businesses [1][3] Investment Details - The total investment amounts to approximately $41 million, with Faraday Future leading with about $30 million, and founder Jia Yueting personally investing around $4 million [3] - Other investors include Binance Labs, Sequoia Capital, IDG, and Circle, participating through the SIGN Foundation [3] - Following the investment, Faraday Future holds approximately 55% of QLGN shares, while Jia Yueting holds about 7% and has voluntarily locked his shares for two years [3] Strategic Initiatives - The investment marks a key milestone in Faraday Future's "Dual Flywheel & Dual Bridge" ecological strategy [3] - The company plans to integrate its EAI EV assets onto the blockchain, creating an ecosystem that combines "EAI Mobility + Web3 + Blockchain Technology + Crypto Asset Applications" [3] - Faraday Future has also announced a Crypto Flywheel business, which will be independently operated by its wholly-owned subsidiary, FFAI Crypto Treasury and Bridging Holdings Inc. [4]

Core Viewpoint - Faraday Future (FF) announced a strategic investment of $41 million in Nasdaq-listed QLGN, marking a significant step in its "dual flywheel and dual bridge strategy" to integrate Web2 and Web3, as well as AI and Crypto, aiming to create the first stock in the U.S. that combines these elements [1][3][4]. Investment Details - FF will invest approximately $30 million to acquire about 55% of QLGN, while founder Jia Yueting will invest $4 million for around 7% ownership, resulting in FF and Jia collectively holding about 62% of QLGN post-transaction [5]. - The investment is expected to create the fastest spin-off listing in Nasdaq history, with the strategic investment initiated on August 16 and the announcement of the spin-off on September 13 [4][5]. Strategic Significance - The investment signifies three major implications: 1. Enhanced independent operation and mutual empowerment of FF's EAI and Crypto businesses, maximizing value for shareholders and blockchain community [3]. 2. A focused approach on EAI business, with Crypto providing access to Web3 and creating new value through RWA [3]. 3. Independent financing for CXC10, preventing dilution of FF's shares while integrating CXC10's core value into FF's listing structure [3]. Future Developments - Following the completion of necessary approvals, QLGN will be renamed CXC10, with the goal of becoming the leading stock in the U.S. that integrates Web2, Web3, EAI, and Crypto [5]. - FF plans to deploy a management team to oversee operations at QLGN, with Jia Yueting serving as Chief Advisor and FF's global president Jerry Wang as Co-CEO [5]. Product Launches - During the event, FF unveiled the FX Super One MPV, showcasing its EAI Space features, which support multi-modal interactions [8]. - CXC10 introduced six major products under its Crypto "three-horse carriage" strategy, including C10 Treasury, C10 Index, C10 ETF, BestTrade DeAI Agent, and a Crypto ecosystem token system [9]. Commitment to Debt Repayment - Jia Yueting announced the establishment of a second creditor trust, committing to use half of the equity incentives from his Co-CEO position and profits from his $4 million investment to repay debts under Chinese law and support vehicle production [11].