Faraday Future announced the launch of its "EAI+Crypto Dual Flywheel & Dual Bridge Ecosystem Strategy" during today's strategic presentation, according to the company's official announcement.
The electric vehicle manufacturer plans to migrate its EAI EV assets, including its Super One electric vehicle models and related infrastructure, onto blockchain technology. This initiative aims to create an integrated ecosystem combining "EAI mobility + Web3 + blockchain technology + crypto asset applications."
Concurrently, Faraday Future unveiled its Crypto flywheel business, which will be independently operated by its wholly-owned subsidiary, FFAI Crypto Treasury and Bridging Holdings Inc. The company emphasized that the EAI EV business and Crypto flywheel business operate as two separate entities under the publicly-traded FFAI umbrella, adhering to core principles of "legal entity independence, operational independence, account independence, asset transparency, and future governance independence."
The corresponding crypto assets will be held by third-party custodians, maintaining complete legal and capital separation from the automotive business operations. This isolation mechanism ensures independent fund and risk management while enabling synergy between industrial operations and capital markets.
Additionally, Faraday Future introduced the C10 Index, described as "the first crypto asset basket index (excluding stablecoins) initiated by a U.S. public company." The company simultaneously launched the "C10 Treasury" product based on this index configuration, with a first-phase target of acquiring $5-10 billion worth of crypto assets (approximately RMB 35.93-71.85 billion at current exchange rates) upon securing necessary funding. The initial allocation amount is set at $30 million (approximately RMB 216 million at current rates).
Faraday Future stated that this strategic initiative will drive "leapfrog growth" for the company, positioning it as "a pioneer in the crypto asset era and the first U.S. public company to bridge on-chain and off-chain assets, connecting both stock investors and blockchain communities." The objective is to provide investors with opportunities for dual returns while accelerating shareholder value maximization.