AutoBeta(AutoBeta.net)06/17 Report--

In March, the game agency City 9 announced plans to invest $600 million in Faraday Future, Jia Yueting's new energy car company, and the two sides agreed to set up a joint venture to produce, sell and operate cars in China. In this way, we need to build a production base in China.

After the news of the joint car construction between the two sides came out, the ninth city propaganda will cooperate with the Shaerqin Industrial Park in Hohhot, Inner Mongolia on June 10. at the same time, the Hohhot government will provide land to build a factory and assist in providing 5.5 billion yuan in investment funds.

However, some media learned from the Shaerqin Industrial Park that the FF landing Inner Mongolia car is only the intention stage, the above cooperation is actually in the contact stage, only the cooperation intention, but has not been finally determined. Shaerqin Industrial Park is one of the six major economic functional areas in Hohhot Economic Development Zone, and the new energy industry is its main development direction. The output value in 2020 is about 60 billion yuan, accounting for about 30% of the total output value of the industrial park. A staff member of Hohhot China Merchants said that they did not know the intention of cooperation between Nine cities, FF and Shaerqin Industrial Zone, "specifically by themselves." Because it belongs to the autonomous government of Tuzuo Banner, Shaerqin Industrial Zone has a certain right to attract investment.

In addition, the first new energy vehicle industrial park Jia Yueting is trying to lay out in China is at risk of land recovery. Letv Automobile (which was incorporated into FF in 2017) bought Mogan Mountain in Deqing, Zhejiang Province in November 2016, and set a completion date in November this year. At present, this production base is overgrown with weeds and there is no sign of construction. According to the Land Management Law, land that has not been completed within the agreed time may be reclaimed. Since the time of Letv, there are five production bases related to Jia Yueting-- Letv Ecological Park in Deqing (uncompleted), Nevada in the United States (sold), Hanford in California (non-self-owned land, leased factory), and Guangzhou Nansha factory (already owned by Evergrande). If you add in the factory in Hohhot, there are altogether five. Currently, the only car that can actually be produced is Hanford, California, which is rented. According to media reports, as of the end of 2018, FF has achieved "pre-production cars offline" of only 3.

The ninth city, after FF's investment partnership, said it would produce, sell and operate FF's new brand V9muri, a concept car that has not yet been involved. In the investment agreement, the final payment of $200m is conditional on FF completing the design of the V9 MPV within three months of its payment. Assuming that the first two installments are paid smoothly, it means that FF will complete the design of the new car by the end of this year. According to the plan, the joint venture company will reach an annual production capacity of 300000 units in the future, and plans to achieve pre-production and scheduled sales by 2020. "pre-production cars off the line" is a new term put forward by FF, to the effect that "several cars are built before mass production". The new energy automobile industry seems to have become the transformation direction of more and more enterprises in recent years. The mature production system of the traditional automobile industry in the past century, the development of new energy vehicles in the past 20 years, and the policy dividend (subsidies of 210 billion yuan in the past decade) have made the production of new energy vehicles extremely efficient. The modular car assembly model seems to lower the threshold and allow more and more companies to enter it. On the day after Nine City announced its investment in FF, the Ministry of Industry and Information Technology announced on March 26th that it would raise the threshold for new energy subsidies: car subsidies for different mileage ranges would be reduced by 67% to 100%, while local subsidies would be eliminated. In less than 2 years, the transformation direction of Nine cities has changed twice, from the agent game to the block chain, and then turned into the field of new energy car building. Because the transformation is imminent, can Jia Yueting really take advantage of this opportunity to produce mass-produced models? Let's wait and see!

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