AutoBeta(AutoBeta.net)06/06 Report--

On June 5, Future released a "Future K20 pre-sale press conference, see you tomorrow!" on its official Wechat account. "the news, and released the" all-in-one courage "slogan, in other words, the future car's brand-new model K20 is about to be pre-sold.

The Future K20, the second product of Future Automobile, was first unveiled at the Shanghai Auto Show in 2019. In terms of appearance and design, from the pictures that have been exposed so far, the front face of the new car uses the common closed shape of electric vehicles and through-type LED light belts, with dental plate decoration on both sides. On the side of the body, the new car adopts a two-door hatchback design, and the overall line is very smooth. The rear part of the car also uses through-type taillights, with a clear overall sense of hierarchy. In terms of body size, the length, width and height of the new car are 3740/1640/1270mm, wheelbase 2326mm, positioning two-door small pure electric sedan car.

The interior part of the new car is equipped with an integrated joint screen on the center console. On the power side, the new car uses an all-electric powertrain, with an official 0-100km/h acceleration time of 6 seconds and a top speed of 190km/h. Two-wheel drive and four-wheel drive with intelligent torque distribution are expected.

According to public information, Future Motor was founded in February 2015 by Lu Qun and its parent company is an independent car design company and vehicle development solution provider-Great Wall Huaguan, founded in 2003. Great Wall Huaguan landed on the new third board in November 2015, but its market performance was not satisfactory. According to relevant data, Great Wall Huaguan lost 98 million yuan and 226 million yuan respectively from 2016 to 2017, and a net loss of 606 million yuan in 2018, down 168.15% from the same period last year. In August 2018, the future automobile K50, the first volume production car, was officially put on the market, with a price of 686800 yuan after the vehicle subsidy. It was a relatively expensive model launched by the new domestic car-building forces that year, but the first product was on the market less than a year ago. The future car is in deep financial difficulties, and the parent company Great Wall Huaguan is also in arrears with relevant wages and supplier payments.

In February 2019, due to the weakening of capital liquidity, Great Wall Huaguan delisted from the new third board and tried to seek Science and Technology Innovation Board's listing, but in vain. In March 2020, several media reported that Future Automobile was being asked for wages by employees, when founder Lu Qun publicly declared: "Future Automobile has made new progress in the near future, and the future is still bright." In November of the same year, Future Automobile was exposed that its capital chain was broken, the first national store in Sanlitun was withdrawn, and the delivery center in Jingang Automobile Park was also empty. after the first product, Future K50, was launched for a year and a half, only 131 cars were sold. After that, Future Automobile and its parent company, Great Wall Huaguan, gradually faded from public view.

On June 1, 2021, Great Wall Huaguan, the parent company of Future Automobile, suddenly released the "Great Wall Huaguan shareholders' meeting and the successful convening of the new Board of Directors". On December 2 of the same year, Future Motor also intermittently released a number of tweets on its official account. the contents include the future car road race video, the cooperation with Beijing Jingang, which runs the circuit, and Future Automobile's Douyin account promotion. And said, "I'm back again" and so on. Prior to this, its official account was last updated in July 2020, and the action of the system was interpreted as the "resurrection" of the future car and its return to public view.

In May this year, Great Wall Huaguan announced the signing of a formal merger agreement with SPAC, which is expected to be completed by the end of 2022, when Future Motor will go to the overseas IPO as an important part of Great Wall Huaguan's assets, with a pre-investment valuation of US $1.25 billion. The pre-sale of the Future K20 will begin in the near future, while in yesterday's official account, the pre-sale announcement of the Future K20 will be released at 07:30 on June 6, according to a news release on the future's official account on Wechat on May 26th. As the first product after the "resurrection" of the future car, we all think that the future K20 can drive the future car to make it more "promising"?

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