AutoBeta(AutoBeta.net)08/11 Report--

According to the official Weibo news of Faraday, FF91 participated in the Car and Coffice luxury car show in Los Angeles on the same day. It is understood that FF91 attracted a full audience again with its sharp and cool design and industry-leading performance indicators. FF said that all unremitting efforts, only to stick to the original intention, FF91 is on its way.

Later, it was exposed by netizens that the luxury car show mentioned by FF is actually a car friends' meeting without a threshold, as long as they can participate after the Car and Coffice application is successful. As can be seen from the pictures released by FF, the supercars next to FF91 are Lamborghini, Ferrari and other supercars, in which FF91 is particularly conspicuous and out of place.

FF91 was released in early 2017, and FF received investment from Evergrande Xu Jiayin at the end of 2017, which greatly solved the funding problem of FF. In June 2018, Evergrande formally reached a cooperation with Evergrande, and Evergrande became the largest shareholder of FF. The two sides then parted ways at the end of 2018 because of equity issues.

Since the release of FF91 in 2017, mass delivery has not been achieved for more than two years. During this period, FF has also been exposed many times to stop production, default, layoffs and other rumors, and Jia Yueting has been running around for the financing problem of FF.

On March 25 this year, FF announced a partnership with Ninth City to set up a joint venture in China to develop manufacturing, marketing and electric cars in China, with Ninth City investing up to US $600m, accounting for 50 per cent of the joint venture.

The joint venture plans to produce and sell electric car models V9 in China, tailored to the Chinese consumer market. According to the plan, the V9 will be mass production and offline pre-sale by 2020.

Jia Yueting also announced the styling design of V9 on Weibo, saying that the basic design concept of V9 is "a luxury mobile smart space that combines design, artificial intelligence and seamless interconnection between people and cars".

This is a model developed for Chinese consumers, but in fact, it is still in the PPT stage.

On April 30th, FF announced that it had received $225 million in debt financing from American commercial banks, which laid a foundation for FF to complete equity financing, while valuation consultant Houlihan Lokey determined the technical value of FF at $1.25 billion.

A month later, FF officials said FF91 had completed long-distance testing and was nearing the date of mass delivery. However, according to the current point of view, when FF91 will achieve mass production is still a mystery.

In early July, Jia Yueting forwarded a video of a foreign program visiting the FF factory, which showed that several trial cars in the factory were being developed, but netizens did not show expectation, but complained about the shabby factory.

On July 22nd, Hazza Alkaabi, Consul General of the United Arab Emirates, and his party visited FF's headquarters in the United States and hinted that FF would receive a new round of financing.

Faraday Future, founded by Jia Yueting, is still short of funds after several rounds of financing, so mass production of cars has been shelved and is now looking for new investor financing.

Judging from the FF91, it was amazing when it was unveiled two years ago, but would it have the same effect in 2020?

At present, there are more than 10 domestic car brands, and it is expected that 16 new energy vehicles will be launched by the end of the year, with prices between 10 and 500000, enough to meet the needs of most groups.

In addition, traditional car companies are also constantly introducing new energy vehicles, squeezing in many aspects, such as luxury brands, traditional brands, independent brands and so on. FF91 may not have great advantages until mass production.

For FF91, whether it can achieve mass production this year is still a mystery, although there is recent news that FF Hanford factory is preparing to recruit talents in September, which seems to imply mass production, and some netizens have exposed that FF91 has secretly arrived in Guangzhou Evergrande, but due to strict security can not visit, there is no way to verify the authenticity of such news. It is no wonder that the mass production of FF91 is far away. At present, capital is still one of the main difficulties of FF. Once the funding problem is solved, then many problems will be easily solved.

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