AutoBeta(AutoBeta.net)12/07 Report--

At present, the bankruptcy reorganization has become the most important thing that Jia Yueting wants to accomplish, only in this way can we help the mass production of FF 91, otherwise FF will go into bankruptcy liquidation and everything will be auctioned. Jia Yueting's debt handling group recently posted on Weibo that in order to get all creditors to adopt their personal bankruptcy reorganization plan as soon as possible, the creditor's rights meeting will be held again. Jia Yueting will attend and truthfully answer questions raised by all creditors in accordance with legal procedures.

It is reported that Jia Yueting answered questions raised by creditors about personal assets, the development prospects of FF, and FF's global partnership plan.

Since Jia Yueting announced his personal restructuring plan, there have been doubts about whether Jia Yueting is hiding his personal funds, but Jia Yueting stressed and denied that FF's stake is the only asset at present. According to Jia Yueting, the total personal assets declared to the US court reached 1.41 billion US dollars, most of which were financial assets, as well as real estate and some personal belongings.

Among them, there are a number of properties in China and Los Angeles, several properties have been mortgaged to save FF's operation since the capital chain was in crisis, and several properties in Los Angeles have been repeatedly mortgaged to zero. Two properties in Beijing, China have been frozen, and one in Zhejiang has been auctioned.

In addition, Lucid is a company invested by Letv Holdings in the name of the company. At present, the equity of Lucid has also been transferred to a third-party company, and Jia Yueting does not have any equity in the company.

However, some lawyers believe that Jia Yueting still has a large number of assets that have not been truly disclosed, but only put the FF shares whose value cannot be accurately assessed into the sinking trust. Jia Yueting replied that the bankruptcy restructuring involved only US assets and had nothing to do with its assets in China, while his main US assets were only equity in FF, so this was the main source of assets he planned to use to repay debts.

At the hearing, Jia Yueting answered most of the questions as "I don't know, I don't know," and needed follow-up and supplementary materials from his own team. Jia Yueting could not answer the questions about the ownership and ownership of some assets at the first time, but vaguely said, "I don't remember clearly, and then my team will provide the corresponding materials."

At the meeting, Jia Yueting also gave a speech on FF's future plans. It is hoped that all creditors will support their bankruptcy reorganization plan as soon as possible, and said that FF, as currently recognized as the leading technology company in the intelligent Internet electric field, has a number of investors from the Middle East, Asia-Pacific and the United States, so it can complete the restructuring as soon as possible to promote the B round financing of FF. At the same time, after listening to the creditors' suggestion, we will seriously consider the large-scale mass production of FF 91 in China and the United States, which is also the first time that FF has put forward the mass production plan for FF 91 to return home.

The meeting took more than six hours, but there was still no directional agreement between creditors and debtors and between creditors.

Although China, as the largest electric vehicle market in the world, FF can be mass produced and sold on a large scale in China, it may have great potential, but now it has great competitiveness in China's electric vehicle market. From the earliest PPT car building to now, many new forces in China have completed sales, but still occupy the entire market volume is still very small, most car companies are still unable to achieve profits, coupled with the policy slope makes the whole market uncertain.

What's more, the current FF is still in a state of "dystocia", there is no source of funding to talk about production, and even the life and death of FF in the future are difficult to decide. Or the first mass-produced model FF 91, which will exceed 1.4 million yuan, can only become a product that a very small number of consumers can choose.

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