Faraday future to spin off robotics division for independent public listing

Faraday Future (FF) has announced plans to restructure its robotics business, spinning it off into an independent entity to go public on Nasdaq. The subsidiary, FFAI, has entered a non-binding agreement with AIxC, a Nasdaq-listed company, to merge robot assets and list under the new name FFR with a $200 million valuation. The parent company's strategy is being redefined to focus on a Robotaxi Sharing Network, Intelligent Cabin Technology, and Physical AI Investment. The initiative aims to create a pure-play EAI robot stock with four core capabilities, addressing valuation discounts and shareholder dilution. According to a five-year roadmap, the business plans to invest $300 million in R&D, targeting 2,001 units in 2026 and 7,400 units in 2027, with cumulative sales exceeding 130,000 units over five years, securing a top-three industry position. Financial projections include $7.1 million in revenue for 2026 with a 9.9% gross margin, rising to $45.17 million in 2027 with a 30.5% margin. Operating cash flow is expected to turn positive in Q3 2028, with a 54% gross margin by 2030 and total revenue of $1.98 billion over five years.