AutoBeta(AutoBeta.net)05/31 Report--

On May 31st, Faraday Future ("FF") announced that the FF 91 2.0 Futurist Alliance would sell for $309000, or about 2.2 million yuan. According to the reservation page of FF's official website, the FF 91 series has been updated to 2.0 models, which are available in three models: FF 91 2.0, FF 91 2.0 futurist version and FF 91 2.0 futurist alliance version. Among them, the booking amount of FF 91 2.0 futurist alliance version is 50, 000 yuan, and the booking amount of FF 91 2 0 futurist version and FF 91 2 0 are both 20, 000 yuan.

It is understood that FF 91 2.0Futurist Alliance will be available in two versions: Track Edition (Smart blanket All-in-One track version) and Balance Edition (Smart blanket All-in-One balanced version), of which Track Edition (Smart blanket All-in-One track version) will be the first to be delivered and will focus on delivery in the US market by the end of 2023.

With regard to the price of FF 91, netizens have said that they are "really suffocating Americans" and "really do not cheat the poor".

According to the plan, delivery of FF 91 is divided into three phases. The first phase is only for "industry expert FPO" (Future Product Officer futurist product officer). Industry expert FPO needs to pay FF 91 in full in order to book the vehicle and receive vehicle use training to obtain the vehicle in the second stage. In other words, FF's definition of "first-phase delivery" does not actually produce a real barter, but a small-scale booking.

The second phase is "Futurist Product Officer (FPO) Co-Creative delivery", which will be paid in full by FPO (s) and will be officially acquired by FF 91 FF. The second phase is expected to begin at the end of the second quarter of 2023, but emphasizes that the second phase of delivery needs to meet one major condition.

The third stage is the "comprehensive co-creation of delivery". FF 91 has officially entered our conventional understanding of delivery. FF will deliver FF 91 to all "high-end users" who pay the full fee, but FF stressed that the third stage also needs to meet an important condition.

So what are the important conditions that need to be met in the second and third stages? Money, of course. FF said it expected to need a lot of additional financing to begin the second and third phases of delivery and was in discussions with other potential investors. Data show that as of April 11, 2023, FF had cash reserves of approximately $29.8 million, including $1.5 million in restricted cash.

The product will be replaced before it is put on the market. As early as January 2017, at the International Consumer Electronics Show (CES), FF unveiled its first flagship model, the FF 91, which is known as "the world's first Internet eco-electric vehicle." then the company announced the completion of a $1 billion round of financing, with Leeco founder Jia Yueting as global CEO and chief product officer. Over the next few years, FF has held countless quasi-production conferences, but in the end, it was only "close to the door" that it was not officially delivered until six years later.

Although it has been six years since the first release of FF 91, its product power has not stayed in the past. Earlier, FF revealed that compared with previous versions, FF 91 Futurist had a total of 26 product and technology upgrades, including 13 key upgrades such as powertrain, battery, charging, chassis and interior, as well as 13 key upgrades from computing, sensing, communications, and user interaction to the latest I.A.I technology. Jia Yueting said that after a lot of iterative upgrades, the FF 91 is no longer the original car in everyone's mind, Jia Yueting said while driving the FF 91.

The announcement of the price of FF 91 comes a day after Jia Yueting opened Douyin and released three videos, including an introduction to mass-produced new cars. As of the post, Jia Yueting has 798000 followers of Douyin. With the mass production of the new car, it seems that Jia Yueting's "return to China next week" is not far away, and he may go to China to build a factory like Tesla in the future. Previously, FF has established a non-binding strategic partnership with the people's Government of Huanggang City, Hubei Province, and French Automobile (China) Co., Ltd. has increased its registered capital from 330 million yuan to 375 million yuan a few days ago.

Jia Yueting once said in an interview that his debt problem would be completely solved, and that he hoped that Faraday would become the number one industry in the spire market in the future, and that he was confident of subverting Maybach, Ferrari, Bentley and so on. Now that FF is finally in mass production, the grand dream of "PPT" has come into reality, and Jia Yueting has rest easy?

Mass delivery does not mean peace of mind, perhaps the beginning of a nightmare. For outsiders, it doesn't matter whether FF can produce and deliver in large quantities, but whether anyone is willing to support Jia Yueting's "dream" in the future. The answer is, of course, yes, the question is how many people will there be? Faraday's future is a new energy brand with no product experience, no brand accumulation, and may even be on the verge of bankruptcy at any time, even if it grabs orders from ultra-luxury brands such as Ferrari, Maybach, Rolls-Royce and other ultra-luxury brands, it is simply not enough to support the future development of Faraday, and it is almost impossible to break even. In addition, FF claims to subvert ultra-luxury brands such as Ferrari, Maybach and Rolls-Royce, but how to snatch food from the tiger, especially the invisible cracks in its corporate image, so FF 91, which sells for as much as 2 million yuan, is destined to be a plaything for high-end players, that's all.

The latest share price shows that Faraday Future closed at $0.25, with a total market capitalization of $320 million, compared with an initial high of $13.98 and has now fallen 98 per cent.

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