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After eight years of car-building, Jia Yueting's dream of building a car finally came to an end-- FF91, the first model of FF, was officially put off the line. At 8: 00 a. M. Beijing time on February 24th, FF announced its production plan for its first quasi-production model, the FF91, via live broadcast online. At the meeting, FF announced that the future Faraday factory in Handford has been completed, and the FF91 model has entered the final verification stage and will be put into production. FF said that in the four years since the launch of the FF91 model, many of the new cars have been upgraded so that pre-purchased consumers will not wait, and that the FF91 model will be put into production in the third quarter of this year. As.
Not long ago, the official blog of Faraday Future (FaradayFuture) posted that FF 91 has completed long-distance testing. Today, Faraday released a promotional video in the future, saying that "the farther the FF 91 test mileage, the closer the FF 91 is to mass production delivery." After announcing the strategic investment of Evergrande Group in 2018, Jia Yueting's FF 91 is expected to officially achieve mass production delivery in early 2019. Unexpectedly, the cooperation between the two sides has changed its mind, and Evergrande eventually withdrew its investment. Jia Yueting and FF are in financial difficulties again, and mass production delivery is a long way off. After a series of layoffs and pay cuts, most of FF headquarters.
Jia Yueting's Faraday Future FF officially announced its new partner as the ninth city on March 25, and revealed that the two sides have set up a joint venture to produce and sell new brand electric cars V9 in China. Jia Yueting updated Weibo today, releasing a styling picture of the new model V9 to see what this model specially built for the Chinese market looks like. Jia Yueting said that the basic design concept of V9 is "a luxury mobile smart space that integrates design, artificial intelligence and seamless interconnection between people and cars". As you can see, the appearance of the V9 is very different from our traditional car, with different designs for the upper and lower parts, and flashing before and after the upper part.
On the evening of January 17, Shanxi Securities issued a notice saying that the holding subsidiary Zhongde Securities received a civil complaint served by the Beijing Financial Court, demanding Leeco to compensate for a total of 4.571 billion yuan in investment losses caused by its misrepresentation, and asked the other 20 defendants, including Sino-German Securities, Sino-Thai Securities, Ping an Securities and so on, to bear joint and several liability. On January 18, Shanxi Securities issued another announcement, and Sino-German Securities, a controlling subsidiary, received the "notice of filing a case" from the China Securities Regulatory Commission because the sponsor business was suspected of violating the law and regulations in Letv's non-public stock offering project. China Securities Regulatory Commission decided to file a case against Sino-German Securities. According to the data, Letv.
Another pre-production car has been built for Faraday Future, which was founded in 2016. Recently, FF officially announced, "I am glad that another pre-production car has been completed. It will join our test team to test on the road and continue with the mass production plan of FF 91." This company is Jia Yueting's car building project in the United States, and he is a person who is very easy to stir up people's nerves. First of all, this is a "pre-production car", not a production car on the production line. Therefore, it can be seen that this pre-production car is almost entirely hand-built, and the factory building is also like a small workshop. It is understood that the factory is F.
Following Faraday's future delivery of a third FF 91 2.0 Futurist Alliance last month, it welcomed a fourth owner in October. On October 1, Faraday issued an official announcement to FFIE's long-term investor and the world's largest
On December 19th, Jia Yueting's debt handling team said on Weibo that the US court supported Jia Yueting's personal bankruptcy reorganization to continue in California, and the motion to revoke the reorganization was rejected. With regard to Jia Yueting's claim that "bankruptcy reorganization is supported by the Delaware court," industry insiders said that this is only a simple procedural decision, and the Delaware court believes that it does not have jurisdiction over bankruptcy reorganization. Therefore, the transfer of the case to the California court, that is all, cannot be regarded as the Delaware court's support for Jia Yueting's bankruptcy reorganization. And for Jia Yueting debt processing team said that "lazy wealth cancellation restructuring motion was rejected."
The news that Jia Yueting, the founder of FF, voluntarily applied for personal bankruptcy reorganization was confirmed that according to the plan, all FF shares and related income rights held by Jia Yueting were formally transferred to the creditor trust, which will be controlled and managed by the creditor committee and the trust trustee. In addition, the debt handling team told the media that so far, Jia Yueting has repaid more than 3 billion US dollars in debt, and the total outstanding debt is about 3.6 billion US dollars. If you subtract the secured debt that has been frozen for disposal of domestic assets and convertible shares, Jia Yueting's remaining net debt is about 2 billion US dollars. FaradayFuture released on October 14 th.
On October 14, Jia Yueting's debt handling team officially released relevant information about Jia Yueting's application for personal bankruptcy reorganization in the United States. according to its contents, Jia Yueting will set up a creditor trust and transfer all assets in the United States to creditors. As the news spread that Jia Yueting had filed for personal bankruptcy reorganization in the United States, his personal financial situation was also exposed. After the completion of the plan, Jia Yueting will no longer hold any stake in Faraday Future. Jia Yueting filed for bankruptcy on October 14, according to documents disclosed on the Epiq Cases website of the bankruptcy company.
Jia Yueting's debt handling group posted on Weibo that Jia Yueting's creditors' meeting was officially held at FF's US headquarters. 35 creditors from 20 creditor institutions, as well as lawyers, attended the debt meeting to discuss with Jia Yueting the personal bankruptcy restructuring and the future development of FF. Jia Yueting said that the success of debt restructuring determines the life and death of FF, but also determines the interests of creditors, and hopes to vote on the adjusted restructuring plan in mid-late December to push forward the passage of the plan as soon as possible. At the meeting, Jia Yueting apologized to all creditors, saying he was confident of reaching a debt restructuring plan with creditors.
On October 11, Jia Yueting submitted a monthly document on personal bankruptcy reorganization to the Delaware bankruptcy court. According to Jia Yueting's bankruptcy plan, creditors are required to vote on November 8, 2019 whether to agree to the bankruptcy plan. If 90% of the creditors agree, the bankruptcy reorganization will be carried out in accordance with the current plan. Recently, according to documents released by the Delaware bankruptcy court, only 23% of the creditors agree with Jia Yueting's bankruptcy reorganization plan, so Jia Yueting needs to withdraw the bankruptcy plan currently submitted and postpone the voting period. Jia Yueting can continue to modify the bankruptcy plan, and the court will hold a hearing on December 18.
According to Jia Yueting's debt handling team, after seven months of application, negotiation, voting and court confirmation, Jia Yueting's personal bankruptcy reorganization was finally confirmed and approved by the California Central District bankruptcy reorganization Court at a hearing held in Los Angeles on May 21, local time, which means that the personal bankruptcy reorganization has officially entered the effective process. According to Jia Yueting's personal bankruptcy reorganization plan, Jia Yueting will transfer all the FF shares held by the individual to the creditor trust. Jia Yueting, the founder of FF, will no longer own FF shares, but will still lead the development of FF as CPUO. In short, Jia Yueting's debt will be similar to that of FF.
Jia Yueting submitted a document about filing for personal bankruptcy reorganization to the court in the United States, thepaper.cn said, citing people familiar with the matter. After applying for personal bankruptcy reorganization, Jia Yueting will transfer all assets to creditors through a creditor trust, which will be controlled and managed by the creditor committee and the trust trustee. This means that Jia Yueting will no longer hold Faraday's future shares. In response to Jia Yueting's submission of personal bankruptcy restructuring, Faraday, founded by Jia Yueting, said in the future that Jia Yueting's personal debt was handled by domestic debt, and FF did not have much news. Leeco also said that it is not clear about the specific progress.
On February 29, Jia Yueting's debt handling team issued a statement saying that Jia Yueting had formally submitted a list of core terms of bankruptcy reorganization to the Central District Court of California, which was jointly signed by Jia Yueting and the creditors Committee after several rounds of negotiation and agreement. Jia Yueting plans to submit a new version of the disclosure statement based on the list of core terms this week and start the voting process after the court approves the disclosure letter to facilitate the completion of the restructuring as soon as possible, when FF's global financing and development will also be on the fast track. Jia Yueting made huge concessions in consultation with the debt committee, and Jia Yueting will no longer want it, according to the list of core terms of bankruptcy reorganization submitted.
According to relevant media reports on October 11, Jia Yueting, the future founder of Faraday, submitted the relevant documents on personal bankruptcy reorganization to the US court. According to the document, Jia Yueting will transfer all assets to creditors through a previous trust, which is controlled and managed by the creditors' committee and the trust trustee. Jia Yueting submitted bankruptcy restructuring to the United States, Jia Yueting himself and his domestic debt group did not explain the "bankruptcy restructuring." Faraday officially announced today that in order to thoroughly solve the personal domestic debt problem, Faraday Future founder and CPUO...
According to Tianyan App, recently, Jia Yueting added a number of executive messages, the case numbers are (2021) Jing03 Zhihui 264, (2021) Jing03 Zhihui 265, etc., with a total execution target of more than 4 billion yuan. The enforcement courts are all Beijing No. 3 Intermediate people's Court. Among them, the relevant person subject to execution also includes Letv Holdings (Beijing) Co., Ltd. At present, the total amount of execution of Jia Yueting has exceeded 9 billion yuan. On the morning of July 22, US time, Faraday Future officially listed on the NASDAQ Stock Exchange and held a bell-ringing ceremony under the ticker symbol.
The Letv supercar project led by Jia Yueting is the earliest member of China's new car-building forces. Letv's LeSEE concept car was unveiled in April 2016. With the outbreak of the financial crisis of Letv system, Jia Yueting left the United States, Letv supercar project was shut down. At the same time, Jia Yueting focuses on another car-building project, FF (Faraday Future, Faraday Future), and FF 91 has so far failed to achieve mass production and listing due to capital chain problems. The storm continues. In July this year, Jia Yueting announced that the personal bankruptcy reorganization plan came into effect, and the creditor trust was also officially established and started operation.
Before filing for bankruptcy, Jia Yueting bought a 3300-square-foot California $3 million (21.14 million yuan) mansion in August on the Palos Vedes Peninsula in Los Angeles, just one step away from his coastal mansion, US media The Verge reported on Oct. 30. The media also reported that Jia Yueting Line holds an Lmur1 visa, which is based on the condition that his company is operating well. So if FF goes bankrupt, or his job at FF is lost, Jia Yueting may be forced to return to China. The report said Jia Yueting still made some decisions about FF.
Recently, according to App, Beijing Yingda Capital Management Co., Ltd. (a wholly-owned subsidiary of State Grid Co., Ltd.) sued Jia Yueting and Letv Automobile (Beijing) Co., Ltd., due to a loan contract dispute. The related case, Jing 04, will be heard in Beijing's fourth Intermediate people's Court on November 10. It is worth noting that on October 12th, about 96.5912 million shares of Leeco Information Technology (Beijing) Co., Ltd. held by Jia Yueting were auctioned online, according to Ali auction official. Among them, 1200 shares were worth 1805.76 million shares.
Jia Yueting's loan has not been repaid, and the execution target exceeds 150 million yuan.
Heavy! The National Development and Reform Commission plans to relax car purchase restrictions and increase license plate indicators in an all-round way
China's car sales continue to decline and the trend of car consumption is gradually declining. in such an environment, the National Development and Reform Commission is expected to guide further liberalization of the purchase restriction policy and comprehensively encourage automobile consumption. According to the online documents, the National Development and Reform Commission issued the implementation Plan for promoting the Renewal of consumption of Automobile, Home Appliances and Consumer Electronics to promote the Development of Circular economy (2019-2020), which plans to further expand the consumer market such as automobiles, promote the development of circular economy, and deepen supply-side structural reform. The document also describes in detail the specific implementation plan, and there are nine supporting regulations in the automotive field. The most important of these is the purchase restriction city.
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All of a sudden! A Tesla in Dongguan was suspected of getting out of control and crashed into multiple cars and destroyed the shop door.
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The latest delivery list of new forces, Wei Xiaoli dropped by double digits compared with the previous month.
On August 1, the new power brands NIO, Xiaopeng, ideal, Nezha and Zero announced the latest monthly delivery results. According to the ranking of the "Tramway report", the delivery volume of mainstream new power brands was more than 10,000 in July, of which the best performance was Nashi, with 14036 cars, followed by zero-running cars.
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Another independent brand was born. Hanlong's first model is "domestic range Rover"?
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