'Faraday FutureA round of financing has indeed been completed.' Recently, a FF US employee to the "Securities Daily" revealed.
Los Angeles Times On December 13, Jiayue Ting announced at FF's full-time general assembly that FF successfully completed a one-billion-dollar A-share equity financing through negotiations with investors for nearly a month, while FF chairman Jia Yueting said he will assume the post of FF FF Global CEO and Chief Product Officer, and to promote the FF management and organizational change, to ensure that the implementation of the strategy and products fall to the ground, which ended FF's four years since the founding CEO.
Nearly a year, FF suffered a financial crisis, the departure of employees, delay the Nevada factory and the departure of CFO and CTO storm, the outside world continued to doubt the sound of FF. It is learned that the FF's internal meeting, Jia Yunting in his 30-minute speech, except Announced the A round of financing, the company CEO of the parent company, the next two years of work objectives, but also the reflection of the past year, and expressed the dream of never giving up FF.Jia Yueting said: 'Many people told me that you have No money, and even unable to support the family, give up.But these people apparently do not understand me, even if it is a failure I can accept, but to give up absolutely can not, especially we can not give up such a great dream FF!
It is understood that, in addition to Jiayue Ting, FF top management committee of the other six executives from China and the United States made a speech at the meeting. In addition, the Chinese LeSEE (music as car) all the executives attended the meeting. In a speech, U.S. executives said that FF financing has directly exposed two rumors fabricated by the former CFO Stefan Krause out of personal interest: one is that with the exception of Jia Youting, the FF will be absolutely impossible to finance successfully; the other is only Chapter 11 (Bankruptcy protection) to save FF. "Securities Daily" reporter on the internal meeting to verify the information FF, the official said no comment.
Get over a billion dollars in financing
Over the past year and a half, the music crisis, the goodwill of Jiayue Ting and the development of FF have been affected to varying degrees, but during this period, the development of the new energy automotive industry is very rapid.Germany, the United Kingdom , France and other countries have announced the ban on the schedule of fuel trucks, China introduced the point system, Mercedes-Benz, BMW, Volkswagen, Bentley, Ford and other international auto giants are increasing investment in this area.
However, there are many people in the industry hope FF can get through the disaster.Car and home founder and CEO Lee would like to say: 'We discussed the best product ideas in recent years, FF91 almost always ranked first in everyone's opinion, FF is also one of the few companies in the world that has the complete basic R & D capability of a smart car and has no more than five such capabilities in the world.
Some experts point out that FF is the only company in the world that owns technologies and products that surpass Tesla in many dimensions, and the FF 91 is called "Tesla Killer" by the U.S. media. FF realized the All-in-One all- Breakthrough in the three major industrial boundaries of the smart travel ecosystem and automotive robotics three major product changes, and vehicle platforms, power systems, computing platforms, Internet systems, autonomous driving and AI artificial intelligence six major technological changes.
FF financing official said: 'It is precisely the past as successful music experience and failure of the lesson touched investors.Evestors on the music and Jiayue Ting I have long been concerned that they think Music's strategy and philosophy has not failed, and even FF Building a smart Internet electric car and the global Internet travel ecology play a very important role.
Jia Yunting himself as CEO
Securities Daily reporter learned that FF executives made a major decision on December 13. FF clarified that Jia Yunting as CEO and chief product officer to promote the implementation of the strategy.At the same time, in order to enhance efficiency and achieve achievement, FF will strive to improve the management level, efficient decision-making, transparent communication, sincere cooperation in the top management structure, FF cancel the level of the company C Level, the organization flat, the introduction of the Commission management system.
'I used to think that with leading strategic and transformative products, finding an industry leader who can lead the FF to success has proved completely wrong.' 'Jiayue Ting said FF is not just an electric car The company, an Internet company, a consumer electronics company, and an AI company, the core driver is product and technology change. The second driver is the change in business model, so FF CEOs must be experts in products and technology Jiayue Ting stressed: 'I will never allow anyone to compromise on the ultimate product experience, nor should I tolerate FF becoming a mediocre company.'
Industry analysts point out that for a startup such as FF, it is impossible for a professional manager to become a CEO, and only the founder understands the vision of the company, keeping in mind the original intention and mission of starting the business, and knowing How to translate your vision into the company's strategy, products and business model.
'Next, there is a need for the positive energy and full engagement of every employee (employee).' At the conference, Jia Yuanting finally said: 'I hope everyone can profoundly understand the urgency of implementing and realizing the strategic goals, When it's time to wait, we should make every effort to achieve our strategic goals and deliver transformable products to users as soon as possible. "