Faraday Future Robotics Unit to List on Nasdaq via AIxC at $200M Valuation

Electric vehicle company Faraday Future announced today that its robotics business will be merged into Nasdaq-listed AIxC and spun off as an independent public company at a $200 million valuation, targeting the position of the first pure-play embodied AI (EAI) robotics ecosystem listed in the US.

Under the plan, FFAI will upgrade its strategy to become a Robotaxi shared network and smart-cabin technology operator, as well as a Physical AI investment holding company.

FF founder and global CEO YT Jia said merging the robotics business into AIxC and listing it separately would let FFAI release value in a more open and resilient way. He described it as a new start for both companies and an important step for EAI and Physical AI moving from exploration toward industrial co-building.

Under the deal, Nasdaq-listed AIxC has signed a non-binding term sheet with FFAI to merge the latter's robotics assets and business at a market valuation of $200 million. The arrangement remains subject to a definitive agreement, approvals from special committees of both boards, regulatory clearance and formal company announcements.

The transaction includes an 18-month share lock-up for the robotics business, which FFAI says reflects its long-term confidence in the unit's value. AIxC's pre-transaction valuation is about $55 million.

After closing, FFAI will become AIxC's single largest controlling shareholder and will keep sharing in the robotics unit's upside through its stake. AIxC will exit its crypto strategy entirely and reposition as a pure-play embodied AI robotics company, built around a four-core, all-intelligence ecosystem covering R&D, supply chain, manufacturing, sales, deployment, data and operations.