AutoBeta(AutoBeta.net)07/22 Report--

According to media reports, Jia Yueting's Faraday Future (FF) will be listed on Nasdaq on July 22nd, with Evergrande holding a stake in FF20%. A few days ago, at a special meeting held by Property Solutions Acquisition Corp. (PSAC) (NASDAQ: PSAC), shareholders reviewed and voted on all proposals related to the proposed merger between PSAC and FaradayFuture (FF), and form 8Muk disclosing the full results of the vote has been filed with the Securities and Exchange Commission. It is understood that its common shares and warrants are expected to begin trading on the NASDAQ Stock Exchange in the United States before July 22, 2021 under the ticker symbol "FFIE" and "FFIE.WS" respectively.

It is understood that Faraday's future was founded in 2016, and the first mass-produced electric car, FF 91, was officially launched in Las Vegas in January the following year, after which the company announced the completion of $1 billion in round A financing, with Leeco founder Jia Yueting as the global CEO and chief product officer. In 2019, due to the outbreak of Jia Yueting's personal debt crisis, Faraday fell into financial problems in the future. although he led Evergrande to introduce funds in 2018, the two sides broke up in discord because of differences over control issues. the car-building project also continues to stagnate. After entering 2021, the information about the mass production and listing of FF 91 will continue to spread. On June 25th, Faraday Future officially announced that the Securities and Exchange Commission (SEC) had approved the planned joint listing of Faraday Future and Property Solutions Acquisition Corp. (PSAC). The merger with Property Solutions Acquisition Corp. (NASDAQ: PSAC), announced by FF prior to its completion on July 21, 2021, will provide approximately $1 billion in funding for FF.

It is worth noting that FF's first model, FF 91, has been officially scheduled for production, with a reservation amount of 50, 000 yuan, and some exclusive rights can be obtained by submitting an appointment application. According to the plan, the new car will be on sale in the first half of 2022. It is understood that the FF91 is the first mass production model of Faraday in the future. The FF91 is equipped with a drive motor with a horsepower of up to 1050 horsepower, with an acceleration of no more than 2.4 seconds. The new car is equipped with a power battery pack co-produced by Faraday Future and LG, with a battery capacity of 130k and a maximum mileage of 700km. According to previous reports, FF91 sells for 2 million yuan in China and $200000 in the United States. Official news as of January orders more than 14000 vehicles, the future will seek in South Korea, China OEM.

In addition to the FF91, other FF models have also been exposed. documents show that FF currently has three models, the FF91, the FF81 and the FF71,FF91, which are positioned as high-end, while FF81 is aimed at the high-end mass market. mass production is expected to begin 18 months after the launch of the FF91, with a starting price of $59000. The third model, the FF71, which is aimed at the mass market, is expected to be designed and developed in 2022, with a starting price of $45000.

On the listing of FF on Nasdaq, Jia Yueting said exclusively to Sina Technology, "FF91 will start delivery in the next year or so, and I will make every effort to prepare for the delivery." At present, he has also come to New York to prepare for the listing ceremony of FF. For Jia Yueting, the listing of FF is another step forward from his dream.

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