Faraday Future Split Web3 Company CXC10 is approved by the Board of Directors
Source: ChainCatcher
Time: 2025-09-15 10:41:35
According to ChainCatcher, according to market news, Faraday Future founder and global co-CEO Jia Yueting released a performance update, which disclosed that the company officially launched the spin-off plan of cryptocurrency flywheel, and will promote the establishment of a second independently listed Web3 company "CXC10" as soon as possible. The target will be held by Faraday Future in the early stage. The spin-off plan has been approved by the board of directors.
In addition, Faraday Future also disclosed that its crypto treasury, C10 Treasury, has completed approximately US$10 million in crypto asset allocation.