AutoBeta(AutoBeta.net)12/31 Report--

According to relevant media reports, Carsten Breitfeld, the chief executive of FF, who has been in office for four months, arrived in China a few days ago and gave an interview to the media in Beijing. He said that the priority of this trip is to find a partner in China, hoping to achieve mass production of FF 91 in China.

Bi Fukang said that the main task of this visit to China is to negotiate with some Chinese investment institutions, as well as to meet with domestic car companies to discuss the mass production of FF 91 in China.

According to the company's plan, FF hopes to establish a joint venture with Chinese partners, in which the partners invest in the factory, FF provides the technology, and will not build the factory on its own. "there are a lot of car manufacturing plants in China that are underutilized, so FF is not going to make heavy asset investment to rebuild the plant," Bi Fukang said. We will seek partners to produce our products. "

In early December this year, Jia Yueting attended the debt conference again because of bankruptcy and reorganization. During the meeting, when talking about the future development of FF, some creditors put forward a proposal to achieve large-scale mass production of FF 91 in China and the United States, so as to promote the mass production plan of FF 91 back to China. To this end, Jia Yueting said he would consider creditors' suggestions that FF 91 is expected to achieve a significant reduction in costs if it achieves mass production in China and the United States, which has great market potential in China, the world's largest auto market.

During the interview, Bi Fukang also talked about Jia Yueting's hope to return home as soon as possible and financing.

Bi Fukang said that Jia Yueting hopes to return to China as soon as possible. "our next step is to ensure that his personal debt restructuring can be completed so that he can return to China." Once the debt restructuring is over, he will be able to carry out further marketing and marketing plans in China. " He believes that Jia Yueting is familiar with China and is a celebrity in China, and many people want to cooperate or hold talks with him.

As for financing, according to Bi Fukang, the company plans to raise a total of about $850 million, and the next round of financing is expected to be completed in the first quarter of next year. IPO opportunities will be sought 12 to 15 months after the financing is completed and the funds are available. As long as financing is in place, the next step of mass production can be carried out immediately.

Coincidentally, the day of the interview was the time for the delivery of Tesla's new car, and Bi Fukang also praised the amazing speed of creation, which is admirable. In just one year, the first batch of 15 Chinese-made Tesla cars were delivered to car owners in Shanghai.

According to the report, Faraday's first electric car, the FF 91, will be delivered in September next year, and the price should not be less than 1.4 million. Due to its positioning in the ultra-high-end market, the first delivery is expected to be about a few hundred units.

Obviously, FF91 still does not do any production work in the United States because of financial problems, but Bifukang's trip to China means that Faraday FF has begun plans to enter China.

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