TNW | Business
Faraday Future spins its robot business into a separate Nasdaq company
YT Jia will run both companies, and the robotics unit expects to ship about 2,000 robots this year.
Via TNW | Business
·Excerpt
Faraday Future has completed the sale of its robotics business to FF EAI Robotics Ecosystem (FFR), which trades on Nasdaq, in an all-share deal valued at about $200M. Founder YT Jia becomes FFR’s CEO. FFR expects October shipments above 300 robots and about 2,000 for 2026.
Faraday Future has completed the sale of its robotics business to FF EAI Robotics Ecosystem (FFR), a sister company listed on Nasdaq, the companies said on Monday. The deal closed on 23 October.
FFR…
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