Faraday Future said its robotics business is set to be merged into Nasdaq-listed AIxC in a deal based on a $200 million valuation, according to a report cited by ChainCatcher from Sina Tech. AIxC is expected to rename itself FFR as part of the plan, and the transaction is aimed at taking the robotics business public as a standalone operation. At the same time, FFAI has upgraded its strategy and now positions itself as a Robotaxi shared-network operator, an intelligent cabin technology operator, and a Physical AI investment holding company. Founder and global CEO Jia Yueting said the move would allow FFAI to unlock value in a more open and resilient way. The companies have signed a non-binding term sheet covering the proposed merger of FFAI’s robotics assets and business into AIxC. FF said the target is to build what it described as the first pure-play company in the four-core fully intelligent EAI robotics ecosystem. The proposed deal is still subject to a final agreement, approval by the special committees of the boards of AIxC and FFAI, regulatory clearance, and formal company announcements.
Faraday Future plans to fold its robotics business into Nasdaq-listed AIxC at a $200 million valuation, according to a Sina Tech report cited by ChainCatcher. AIxC will change its name to FFR, and the idea is to list the robotics business as its own public company.
FF also said FFAI has revised its strategy. It will now define itself as a Robotaxi shared-network operator, an intelligent cabin technology operator, and a Physical AI investment holding company.
Jia Yueting, founder and global CEO of FF, said, "FFAI is merging its robotics business into AIxC and listing it independently, and FFAI will also unlock value in a more open and resilient way." He said the deal would help FFAI unlock value through a more open and resilient approach.
According to the company’s disclosure, AIxC has signed a non-binding term sheet with FFAI to combine FFAI’s robotics assets and business at a market valuation of $200 million. The stated goal is to become the first pure-play listed company focused on the four-core fully intelligent EAI robotics sector.
FF added that the exact transaction structure still depends on a final agreement, approval by the special committees of the boards of AIxC and FFAI, regulatory approvals, and formal company announcements.
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