AutoBeta(AutoBeta.net)08/11 Report--

After many changes, the American car company FaradayFuture (Faraday Future, referred to as FF), which has still failed to achieve mass production, after the founder Jia Yueting's personal bankruptcy reorganization plan officially came into effect, the obstacles to equity financing, IPO projects and access to the Chinese market were removed, and some of the development difficulties of FF were also temporarily solved. However, there is still no effective guarantee for the mass production of funds and FF 91.

Recently, the news that the prototype FF 91 has been auctioned online has attracted much attention. Foreign media reported that a number of FF 91 prototypes produced by the company in its early days will be auctioned, and the starting price has not yet been announced. At the same time, the interior of the vehicle has only completed part of the work, and it is not expected to get a driving permit on the road.

In 2016, FF Motor Company, which Jia Yueting invested in the United States, made a high-profile debut, followed by the outbreak of Jia Yueting's debt crisis, which caused FF to fall into financial problems and shut down the car-building project. A number of early FF 91 prototypes built by FF have also successfully completed their historical mission, and the company plans to sell them by auction.

One of the colorful prototypes is the FF 91, which broke the world electric vehicle record at the 2017 Pike Peak International Electric vehicle Challenge and set a record of 2.3 seconds for 100 kilometers in Las Vegas in 2018.

Based on the fact that these vehicles are prototype cars for testing, their interiors are very crude. Foreign media said that the entire interior space of the vehicle currently being auctioned is exposed, only partially decorated, the seat is bolted to the chassis, and the door plate is covered with the same material as the chassis.

Of course, we don't know who will buy the FF 91 prototype. Some netizens mentioned that it can be used as a collection or as a movie prop is also a good choice. It is worth noting that these vehicles are not expected to be allowed to drive on the road.

In July 2020, Jia Yueting issued a letter of apology. Jia Yueting said that after nearly a year of efforts, the personal bankruptcy reorganization procedure he applied for in the United States has finally been completed, the reorganization plan has officially come into effect, and the creditor trust has also been officially established and put into operation, which is the only and best solution for creditors and FF.

Jia Yueting also said that the personal bankruptcy restructuring has officially come into effect, and for all his creditors, they will share the future success of FF as shareholders of FF; at the same time, Jia Yueting will no longer own FF shares and will work with all partners of FF to build FF and return home to promote the dual home strategy of China and the United States. For Leeco shareholders, they can also get the compensation of the established share from the creditor trust after meeting certain conditions.

As for the future of FF, Jia Yueting said that all partners work together to start a business, share risks, govern together, and exercise top-level control over FF, and finally realize their dream and mission. At the same time, FF's first model, FF 91, is only one foot away from delivery. FF's research and development, financing, BD and other businesses are also progressing smoothly, and vehicle software and operating systems are constantly being upgraded. At the beginning of 2019, the FF IPO plan formulated by FF is also in full swing, and the momentum of progress is good. FF is planning to quickly complete the IPO project in the near future.

It has been a year and a half since Jia Yueting said for the first time that there is only one foot left in the delivery of FF 91, and there is no definite statement as to whether FF 91 can be mass produced and put on the market and delivered.

Welcome to subscribe to the WeChat public account "Automotive Industry Focus" to get the first-hand insider information on the automotive industry and talk about things in the automotive circle. Welcome to break the news! WeChat ID autoWechat