FF strategic adjustment upgraded to a Physical AI holding company, merging robotics business into FFR

On September 29, FF's official Weibo announced a strategic adjustment, with a full upgrade to a Physical AI investment and incubation holding company, and the integration of its robotics business into the NASDAQ-listed company AIxC. The stock ticker will change from AIXC to FFR, effective at market opening on September 30. Currently, the boards of directors of both FFAI and AIxC have approved the non-binding Term Sheet for this transaction. Upon completion, FFAI will become the single largest controlling shareholder of FFR.