Gasgoo Munich- AIxC, a company listed on the Nasdaq, disclosed on September 28 that it plans to merge and restructure with FF EAI Robotics.
Under the Term Sheet signed by both parties, the entire equity of FFAI's robotics subsidiary is set to be injected into AIxC at a valuation of roughly $200 million, with AIxC shares serving as consideration. Upon completion, AIxC will be renamed FF EAI Robotics Ecosystem Inc., with its ticker symbol shifting from AIXC to FFR effective September 30. The company's original crypto business will be fully divested as it pivots entirely to the embodied intelligence robotics ecosystem. FFAI is poised to become the single largest controlling shareholder of FFR.
Image Source: FF
On the business front, FF's robotics division has brought 24 products across three form factors to market in less than a year, all having secured FCC certification and are currently in delivery. As of the end of August, cumulative sales and shipments of robot bodies reached 552 units, with the average gross margin per product in the second quarter surpassing 30%. Total revenue so far stands at approximately $1.52 million.
Three other business lines are advancing in tandem: the proprietary EAI “brain” has entered engineering testing and delivery phases, and the Developer Platform 1.0 has officially launched. The data factory has closed its initial commercial loop and completed the first batch of real-machine data collection and training. Industry productivity solutions now cover four scenarios, while the RoboShare sharing platform has already secured multiple paid orders.
According to the roadmap, the business is projected to achieve positive operating cash flow by the third quarter of 2028. The five-year cumulative revenue target is set at $1.98 billion, with gross margins expected to climb to around 50% by 2030. The company aims to sell over 130,000 robot units cumulatively within five years, backed by roughly $300 million in R&D investment. The “Built In USA” acceleration initiative has entered its second phase, with the robotics plant slated to begin operations by the end of this year. The first EAI product is scheduled to roll off the assembly line in the first quarter of 2027, as FFR aims to secure a top-three spot in the EAI robotics ecosystem rankings within five years.
As the robotics business spins off for listing, FFAI is repositioning itself as a Physical AI investment and incubation holding company. Meanwhile, its automotive business is undergoing three strategic shifts: first, becoming a Robotaxi operator integrated into the Cybercab network; second, exporting its proprietary smart cockpit solutions to other intelligent vehicles; and third, integrating FF's own vehicle models into the Robotaxi network.
FF stated that its accumulated expertise in smart cockpit technology, shared mobility operations, and ecosystem incubation will underpin this series of strategic transitions.
