Faraday Future plans to spin off its Crypto Flywheel assets to existing listed companies

PANews reported on September 13 that Faraday Future, a Nasdaq-listed company under Jia Yueting, plans to split Crypto Flywheel assets into an independent existing listed company (referred to as "split"), creating a dual listing structure to unleash value and accelerate growth. The company is expected to release more details at the upcoming 919 event. The spin-off plan aims to create two separate listing systems: FFAI and a new company focused on crypto flywheels, which will operate independently and form strategic synergy.