■ Newspaper reporter Wei Chen Wei
In early July of this year, Jia Yueting resigned from his role as a musician and flew to the United States saying it will solve the 'most immediate problems facing' - seeking a new round of financing for the Faraday Future (FF) Faster realization of mass production after a lapse of 5 months, the concern FF financing seems to usher in new progress.
According to recent media reports, Mr. Jia's team of lawyers is drafting an investment agreement in Hong Kong for the company's Series A round of financing, which is currently in a phase of "no sign of intention, no capital left."
In this regard, there are analysts who declined to be named to the "Securities Daily" told reporters that although the investment intent already exists, but the funds have not yet been credited, everything is not fixed.
At the same time, the FF founder and core management team left the scene again when the financing result has not yet been confirmed.Reportedly, Faraday's future founding team member and design vice president Richard Kim has now submitted his resignation.
As the main stylist of FF91, Faraday's first production model in the future, if Richard Kim's resignation is true, it means there will be only three remaining FF executives in the team.
In this regard, the above analysts believe that FF is rapidly densified, the test is now facing 'huge'.
Financing funds have not yet arrived
On December 4, some media reported that Jia Yueting's team of lawyers is currently drafting an A-financed investment agreement in Hong Kong, but did not disclose the investor's identity and the valuation of this round of financing.
As of press time, Jiayue Ting and FF did not respond to the news.In fact, the reporter noted that since November 14 in the microblogging relay FF91 electric car test video, Jiayue Ting and no public voice.
It is noteworthy that in September this year, FF news of financing frequently appeared in newspapers, Jia Yunting several times in the United States and Hong Kong approached investors, many of whom are world-renowned companies and institutions.
In November, it was even heard that FF acquired 900 million U.S. dollars worth of financing from India's Tata Group, accounting for 10% of the total shares. Although it was confirmed later that the investment did not exist, Faraday's future official said the company's Series A financing is in progress , The news will be announced the first time.
Faraday's future financing results will obviously be directly related to its first production model FF91 whether the planned delivery of mass production.Many investors have told reporters that the financing of FF should have entered the financing phase and finishing stage, I believe it will be fast.
For this financing situation, FF insiders said that "the progress of this financing is very strict with foreign secrets, and there are only a few insiders in the company." In his opinion, "the chance of this negotiation is very large." However, there are also May the famous analyst in an interview with reporters said that before the funds have not yet been credited, everything is not fixed.
FF91 designer left
In addition to financing issues, FF top management team's situation is not optimistic.
This week, there was news that Faraday's chief designer Richard Kim, the first production model of FF91, has submitted his resignation so far, and Faraday has not yet responded to the news in the future .In his official website, Richard Kim still In the column.
According to public sources, prior to joining Faraday, Richard Kim led the Audi, Bentley, Porsche Special Design teams at Volkswagen's California Design Center. In 2008, Richard Kim was one of the chief architects of the BMW i team, having designed BMW i3, and concept design for the BMW i8 and i8 Spyder, seniority.
If the departure is true, it means there will be only three executives in FF's top management team, Nick Sampson, senior vice president of R & D and engineering, Dag Reckhorn, senior vice president for manufacturing, and Peter Savagian, vice president of powertrain.
CFO Stefan Krause and CTO Ulrich Kranz were "dismissed" in November after a previous list of senior executives on the official FF website; in addition, Alan Cherry, the future vice president of human resources at Faraday, quit in August; In October, Tom Wessner, senior vice president of global supply chain, left.
Therefore, some media said that "Faraday is going to become a shell company in the future." The above analysts told reporters that Faraday faces tremendous pressure in terms of staff turnover.