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Faraday Future outlined more execution plans for its "Built In USA" acceleration program, initiated a conditional approval application, and said it will roll out a new robot product in Q1 2027. The company also plans to combine its FF Robotics business with AIxC (FFR) for a standalone listing.
Faraday Future said it signed a non-binding term sheet to combine its robotics business with Nasdaq-listed AIxC at an implied valuation of about $200 million. The company also said it expects the first new EAI robot product to roll out in Q1 2027.
Faraday Future: To Combine Its Robotics Business at Approx. $200M Valuation With AIxC for a Standalone Listing
Faraday Future said it will combine its robotics business at an approximate $200 million valuation with AIxC, soon FFR, for a standalone listing.
The company said its board and AIxC have approved a non-binding term sheet for a proposed combination of its robotics assets and business with AIxC, which is expected to be renamed FFR. Faraday Future said it expects to become FFR’s single largest controlling stockholder if the deal closes.