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Faraday Future Intelligent Electric Inc (NASDAQ: FFAI), a California-based electric mobility company, has launched its “EAI + Crypto” Dual-Flywheel & Dual-Bridge Ecosystem Strategy. The announcement coincided with the company’s second-quarter results, released yesterday.
Faraday Future reported an adjusted operating loss of $27.4 million for the quarter, with a monthly average of $9 million. Net loss from operations was $48.1 million, a slight improvement on $50.6 million in the same period last year. Operating expenses decreased 29% year-on-year to $21.3 million, while the company’s cash position reached an 18-month high. Financing inflows for the first half of 2025 totalled $55.1 million, more than double the $26.7 million in the first half of 2024.
The company was added to the Russell 3000 Index in the quarter, a milestone that it said increases visibility with institutional investors. Vanguard and BlackRock each increased their holdings in FFAI by more than 500% compared with Q4 2024.
Operationally, Faraday Future highlighted growing demand for its upcoming FX Super One model. Non-binding paid pre-orders surpassed 4,000 units during the quarter and exceeded 10,000 by 31 July 2025. The model has now entered procurement and production preparation at the Hanford, California factory. Production of the FF91 P20 also continued, supported by the release of an over-the-air software upgrade.
The company also noted increased brand visibility, with Mariah Carey — described as the best-selling female artist of all time — set to become the next owner of an FF 91 2.0 Futurist Alliance, while featuring the vehicle in a recent music video.
"In the second quarter, we achieved several notable capital markets milestones and also continued to strengthen our operating efficiencies and cost control measures. We are excited for many of our recent developments as well, including the recent FX Super One unveiling in LA on July 17 as well as the success of our recent Pebble Beach event on August 16, where we introduced our Dual-Flywheel and Dual-Bridge ecosystem strategy, designed to integrate traditional operations with emerging digital platforms. FX continues to build strong momentum with its innovative B2B and B2C sales model, and we are encouraged by the early pre-order numbers for the FX Super One."
— Matthias Aydt, Global Co-Chief Executive Officer of Faraday Future
As part of its Dual-Bridge Strategy, Faraday Future plans to connect real-world business operations with on-chain assets. A key element of this will be the launch of the EAI Vehicle Chain, which will enable tokenised vehicle sales, crypto-based deposits and Web3 user engagement, aiming to create a two-way growth engine between Web2 and Web3.
"The Dual-Flywheel & Dual-Bridge Strategy reflects our deep insights into the future of the global economy. FF is not just transitioning into a Web3 era — we are architecting it. This is how we deliver exponential value creation for our stockholders."
— YT Jia, Founder and Co-Chief Executive Officer of Faraday Future
"The next decade could be a super long bull cycle for the crypto market. FF is building a dual-engine circular growth system — combining the long-cycle, high-value EAI EV ecosystem with the short-cycle, high-velocity Crypto ecosystem. These two flywheels will empower each other, redefining what’s possible in mobility and financial innovation."
— Ian Calderon, Co-Creation Officer at Faraday Future and Founding Board Member of the California Blockchain Working Group
The company also announced the creation of the C10 Index, a market-cap-weighted basket of the world’s top 10 crypto assets (excluding stablecoins). The index, which began calculation on 16 August 2025 with a base value of 1,000, will be available on FF.com and the FF App.
Accompanying the index, the FFAI C10 Treasury is targeting between $500 million and $1 billion in initial crypto asset purchases, supported by a $30 million funding round already completed or close to completion. Assets will be allocated using an 80% passive, 20% active strategy, with staking yields estimated at 3–5%. The treasury is designed to fund product innovation, stock buybacks and further asset growth.
Faraday Future said it intends to apply for a licence to launch a C10 exchange-traded fund, broadening access to the strategy.
The company added that the crypto and EV businesses will operate under separate legal and financial structures to ensure risk isolation, operational independence and transparency. Digital assets will be held by third-party custodians and fully verifiable on-chain.
Looking ahead, the company plans to ramp up its FX vehicle programme at Hanford by the end of 2025, with the first FX Super One expected to roll off the line in both the United States and the Middle East. Faraday Future also intends to invest approximately $100 million in its U.S. operations over the next 9–12 months, subject to financing.
