ã€Global Network Technology Report】 December 27 news, before this, there is news that Jia Yueting car investment startup Faraday future, won $ 1 billion financing, but so far the funding provider has become a fan.
According to the First Financial Report, Faraday Future (FF) has confirmed that it has obtained a financing from a Hong Kong consortium with a financing scale of more than US$1 billion, but the specific amount has not yet been announced. In addition, Jia Yueting is still the main investor and core founder of FF.
After obtaining US$1 billion in financing, FF will launch a mass production plan for automobiles, and the first to achieve mass production is the FF91 model. This is the only high-end production vehicle announced by FF. It will also be considered in the United States and China. Sales.
At the same time, Nick Sampson, FF's vice president of engineering and R&D, set out on a journey to China. He will go to Hong Kong and several other Chinese cities, but did not disclose the specific cities. The visit to China by Nick Sampson may be an opportunity to see if it is possible to promote the production of cars in China.
According to the "Securities Times" report on December 25, LeTV announced at the general assembly held recently that LeTV has been incorporated into FF. This means that FF can use its Lexus factory in Deqing, Zhejiang for mass production in China.
The $1 billion financing provided Faraday with a breathing space for the future. After FF was already heavily indebted, and Jia Yueting’s personal investment in the company was suspended in mid-2016, the $1 billion convertible bond business promised to be honored in early 2017 has so far only honored $400 million, which means that if FF is not ready before the end of this year, Without financing, the debt will become FF's debt payable.
However, after the financing, there are still people in the industry who are not optimistic about its future development. In December, news broke that Faraday’s future executives resigned. The news broke a month after executives including Faraday’s former chief financial officer Stefan Krause resigned. Prior to this, FF also lost two senior executives, Tom Wessner, senior vice president of global supply chain, and Pontus Fonateus, director of internal design and branding.
At the same time, according to The Verge report, several employees who had worked in Faraday's future believed that the future financial situation of Faraday did not match Jia Yueting's ambitions. If Jia is still the company's policy maker, it will never make a car. There are mainly three aspects to Jia’s accusations: finance, recruitment, and litigation. (Burger)
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