Faraday Future Plans Nasdaq Spin-off for Robotics Division at $200 Million Valuation
Faraday Future (FF) announced plans to spin off its robotics division, FFAI, through a merger with Nasdaq-listed AIxC, which will be renamed FFR. The deal values the robotics business at $200 million. FFAI intends to pivot toward becoming a Robotaxi network operator and Physical AI holding company. Founder Jia Yueting (贾跃亭) stated that the move aims to unlock value through a more open structure. The transaction remains subject to final agreements, board approvals, and regulatory clearance.
Summaries are written by AI from the original article. Not investment advice.