Faraday Future disclosed in a letter to shareholders the development progress of FX Super One and promoted the C10 fund to support core business

Faraday Future Intelligent Electric disclosed its latest strategy through a shareholder letter from founder Jia Yueting, launching the C10 Treasury cryptocurrency investment portfolio to support its electric vehicle main business. The company stated that its "dual-flywheel dual-bridge" strategy will strengthen its core business, and the FX Super One model has passed the preliminary safety development milestone, with 60% of the production process planning completed. The first phase of the $30 million C10 fund subscription has been completed, and fund allocation will begin next week. Over the past six weeks, the company's stock price has risen by 12.3%