AutoBeta(AutoBeta.net)02/02 Report--

The novel coronavirus epidemic affected the hearts of people all over the country, and major car companies, Ming organizations and institutions made donations one after another to contribute to the epidemic in Wuhan. A few days ago, the future founder of Faraday, Jia Yueting, said on his personal Weibo that "the Chinese people are suffering from the epidemic. In the face of human disaster, I am unable to make any contribution and my heart is wrenching." Hang on, Wuhan! Come on, China! "

Although what Jia Yueting said was "sincere", most netizens were ungrateful and commented on his Weibo account that "return to China next week" and "when to pay back the money of domestic creditors first. All you know is to hit a hot spot" and "Mr. Jia can pay back the money you cheated. This is your greatest contribution."

On October 13, 2019, Jia Yueting applied for personal bankruptcy reorganization to the Delaware bankruptcy Court. The core of his proposed debt restructuring plan is to load Jia Yueting's 40.8%FF equity into the debt repayment trust and replace the debt with the FF equity interest in the trust. However, the plan has not been approved by most creditors at present. If Jia Yueting's debt restructuring plan is not finally passed, it will be transferred to personal property bankruptcy liquidation.

It is understood that the current debt owed by Jia Yueting is about US $3.2 billion, and his assets are divided into domestic assets and foreign assets. At present, domestic assets have been frozen, including US $88000 deposits from Citic Bank and China Merchants Bank, real estate worth about US $4.74 million, and equity worth about US $217 million. Foreign assets are FF shares, and according to FF, Jia Yueting's current FF stake is worth about $1.2 billion.

It has been three years since Jia Yueting built the car, but it is still difficult to give birth, but at this year's CES Consumer Electronics Show, FF held a large-scale FF91 test drive. According to Bi Fukang, president of FF, FF91 will be available by the end of 2020 and is seeking mass production in China. It is expected to produce 30, 000 units, which will be delivered in the third quarter at the earliest, with a domestic price of about 2 million yuan.

The price of the FF91 is as high as 2 million yuan, even if it is to achieve mass production, it is difficult to rely on this car to achieve cash flow recovery. Bi Fukang said that there will be two models in addition to the FF91, but by then, FF will be facing a highly competitive market.

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