FF announced that, in line with its overall strategic plan, it is actively planning to independently spin off its Crypto & C10 and crypto-related assets and businesses and pursue a public listing. The company will officially disclose details at its upcoming September 19th press conference. This spin-off will create two independent, publicly listed entities—FFAI and a new subsidiary focused on the crypto flywheel—that will operate independently while creating strategic synergies. This spin-off will become a new fulcrum of the company's strategy and is expected to generate significant incremental value for FF and its shareholders.