AutoBeta(AutoBeta.net)08/26 Report--

On August 25, according to the first financial report, FF's French-French cars have been working in Zhuhai joint office premises, but there is no company name and house number information displayed to the outside world, and there is no information guidance. The head of FF Zhuhai Company told the media that FF has sufficient working capital after listing financing, and cooperation with local state-owned assets is still continuing. FF will operate in many cities in China in the future. However, it is still unknown whether Zhuhai state-owned assets have participated in FF equity subscription, and whether FF founder Jia Yueting can realize car building in China in the future.

According to relevant information, FF's French-French Automobile (Zhuhai) Co., Ltd. was established on December 14,2020, with a registered capital of USD 250 million (about RMB 1.63 billion), legal representative Jia Chentao, and enterprise type of limited liability company (wholly owned by Taiwan, Hong Kong and Macao legal person). The registered address is Room 8001-8006, Hengqin International Business Center, No.3000 Huandao East Road, Hengqin New District. The business scope includes: sales of new energy vehicles; sales of new energy vehicle production and testing equipment; R & D of automobile parts; car rental; sales of new cars; manufacturing of automobile decoration products; manufacturing of automobile parts and accessories; sales of electric accessories for new energy vehicles; operation of electric vehicle charging infrastructure, etc.

On July 22 this year, FF Faraday Future was officially listed on NASDAQ in the United States through special purpose acquisition company (SPAC), stock code FFIE. As FF founder Jia Yueting talked about the feeling of listing, Jia Yueting said,"FF listing is a new starting point, solved the biggest capital problem, and then went all out to achieve 12 months of mass production delivery." For the debt problem that the public is most concerned about, Jia Yueting responded,"I will solve it completely." Jia Yueting said that FF 91 is not only a high-performance EV, but also an all-purpose car, a super car robot, and the third Internet living space. It is the only product in the world that is one level higher than Tesla Model X/s plaid in product and technology positioning. "Have the confidence to overturn Maybach, Ferrari, Bentley, etc." According to Faraday Future's official website, FF 91"Futurist Alliance Edition," limited to 300 units worldwide, has been sold out.

On August 24, FF Faraday issued a document saying that Dr. Bi Fukang drove his extremely intelligent luxury electric vehicle FF 91 through the historic US Highway 66 on August 23 local time to complete a 3653-kilometer long-distance road test and collect data under real user scenarios. FF Global CEO Bi Fukang said,"FF's overall testing and calibration strategy will ensure that it has the best performance in the market. Safety and user confidence, and ensure that the battery, powertrain, chassis, suspension and other vehicle systems perform equally well under these harsh conditions, while also ensuring a smooth, comfortable and connected ride for drivers and passengers in the FF 91." On August 20, FF Weixin Official Accounts released a message saying that after the merger transaction is completed, it plans to significantly expand the number of employees in the next 12 months, moving towards the goal of delivering FF91 by 2022.

Faraday Future (FF) plans to open factories in China and invite Geely to provide contract manufacturing and automotive technology services, Reuters reported earlier. However, neither Geely nor Faraday responded to the news. On January 27, it was reported that Zhuhai state-owned assets planned to invest 2 billion yuan in FF of Jia Yueting. The two sides are in the early contact stage. Specific details are being negotiated. SASAC will coordinate the capital injection and provide support policies for FF construction and production base. However, Zhuhai state-owned assets have not participated in FF equity subscription, this news has not received a clear response. However, it can be seen from the administrative license registration notice issued by the French automobile that the company does not have the business of "automobile manufacturing" in its licensed business scope. According to the information we have learned so far, it is difficult for FF to build its own vehicle manufacturing factory in Zhuhai in a short time.

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