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Faraday Future, a struggling electric vehicle company, has launched a new "EAI + Crypto" dual-flywheel strategy, which includes the unveiling of the "C10 Index" and the first U.S.-listed "C10 Treasury" product. This move comes as the company's stock price has retreated by 7% following the announcement of its Q2 results and crypto plan. The strategy aims to leverage artificial intelligence and cryptocurrency to boost the company's financial health, with Faraday Future allocating $30 million to its crypto treasury.

Faraday Future, an electric vehicle startup, is making significant strides in the crypto space. The company has launched a $30 million crypto treasury, investing in the top 10 digital assets, and plans to explore tokenized car sales. Additionally, Faraday Future has unveiled a $1 billion Web3 strategy, aiming to integrate cryptocurrencies into its business model. This includes the launch of the C10 Index and the C10 Treasury product, which are part of the company's "EAI + Crypto" dual-flywheel ecosystem strategy.