Core Insights - Faraday Future Intelligent Electric Inc. has made a strategic investment in Qualigen Therapeutics Inc., which will be renamed AIxCrypto after the shareholder meeting on November 12, 2025 [1][2] - The investment amounts to over $41 million, with Faraday Future contributing approximately $30 million for a 55% stake, while founder Jia Yueting invests $4 million for a 7% stake [2] - AIxCrypto plans to launch new Web3 and cryptocurrency initiatives, including the public testing of BesTrade DeAI Agent and the release of the EAI RWA Utility token white paper by the end of November [2][3] Investment Details - Faraday Future's investment is led by Jia Yueting and includes participation from Binance Labs, Sequoia Capital, IDG, and Circle [1] - After the investment, Faraday Future and Jia Yueting will collectively hold about 62% of Qualigen Therapeutics [2] Business Strategy - AIxCrypto aims to achieve three key milestones by the end of 2025: 1. Expand the asset management scale of C10 Treasury to $50 million, enhancing its role as a core reserve asset in the Web3 ecosystem [2] 2. Accelerate the global growth of BesTrade DeAI Agent, establishing it as a top AI trading platform [3] 3. Launch a Crypto ecosystem token on leading exchanges, creating a sustainable on-chain value growth system [3]

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].