On December 18, in response to media reports that Faraday Future (FF) has successfully completed more than $ 1 billion of A-share equity financing, Economic Observer Network reporter from FF, a public relations officer in the United States Solely informed that the current FF financing has not yet succeeded, 'We are still waiting for the message' And with the depletion of FF funds, the fate of FF is still unknown.
Due to the current development of LeTV vehicles in the country almost stagnant, and Jia Yunting away from the United States want to make a comeback in the fantasy land - FF also suffered a financial crisis in the past year, staff turnover and other turmoil. Whether the domestic car music or the United States FF, are in urgent need of financial life.
Previously, both the Indian Tata Group and Hong Kong's 'Little Giant' Richard Li have all reported 'scandals' of investing in music-car-related businesses, but in the end none of them have been denied by all parties, and this is also considered as " The team 's "tips" to raise funds are also seen as' intentional'.
The success of the above FF financing news revealed that Jia Yunting and FF 6 other executives from China and the United States announced in an internal meeting that FF successfully completed over 1 billion U.S. dollars of financing and said that Jia Yunting will serve as FF Global CEO and Chief Product Officer. On December 13 in Los Angeles time, Jiayue Ting did hold a conference inside FF, but this FF internal mobilization meeting did not announce any news about the financing success.
It is worth noting that the recent negative news about Jia Youting and LeTV, both at home and in the United States, has been quite clever in the timing of the successful financing of 'Oolong' news. "Previously, Loose financing is expected to rely on the sale of fixed assets to obtain lifesaving funds, the choice of the music as the headquarters building for sale, but because the building was previously used for mortgage and did not lift, temporarily no one dish; followed, Jiayue Ting second Times were classified as dishonest was the news was heard; and early December, some media also visited Faraday's future in Hanford, California, the factory, the factory was empty and no production equipment in place, the fact that again triggered Jia Yuanting previous investment speculation ...
Undoubtedly, in the face of Jia Yuetting's public promulgation of 'Faraday's plan to deliver the first production car by the end of 2018' and the unsustainable FF funds, Jiayuenting and his team have no choice but to speed up the search for solutions to the financing problem The problem of the channel.
Jiayue Ting is indeed constantly looking for a variety of people and resources to finance FF, but to be honest, the current financing situation of FF is not optimistic .Familiar with the progress of FF financing sources told Economic Observer network reporter, FF demand for funds is very large, staff salaries, plant equipment procurement, production and operations, etc., are not a small number.Even if the intention to participate in FF financing institutions and companies, will be stressed because of the nature of the use of funds and investment It is really not easy for FF to find a fit investment body due to the disagreement between the two parties due to the maintenance of people's interests.
At present, FF has almost gone the brink of extremism.It is reported that the current FF few remaining funds, or will be able to support only the day-to-day operating expenses by the end of 2009. And once the new financing can not be introduced in time, FF or will The end to bankruptcy.
At present, FF biggest problem, one is the credit overdraft, one is unfounded valuation of the valuation is not recognized, investors are still very cautious attitude.Currently, as the domestic assets are frozen layer by layer, and FF's business is like a bottomless pit , All really hard to say. "Informed sources told Economic Observer Network Road said.
It is learned that, in order to keep the FF, Jiayue Ting is still constantly looking for potential investors.And Jiayue Ting FF for FF in time to find 'life money' will determine the survival of the last card in his hand.
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Media: FF said the ultra-billion-dollar financing fell ground Jia Yueting as CEO
'Faraday Future (' FF ') A round of financing has indeed been completed.' Recently, a FF US employee to the Securities Daily reporter 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.
Jiayue Ting American car factory: no production equipment only a staff punch
In early December, surging journalists came to a 16-year-old factory in Hanford, California, USA and found that at the factory gate, although Faraday's new logo was set in place, only one of the nearly 900,000-square-foot factory is currently at Care.
They did not do anything, they did not make any cars, they had nothing, and only one safety engineer went to work at 9:00 a.m. a day, but he was not here all day. "A local man who knows the progress of Faraday's future plant construction Person Franklin (a pseudonym) to surging news.
One afternoon in early December, when the reporter waited until the engineer drove into the factory, he was unwilling to say more about the progress of the factory construction. 'Now it's just starting,' he said. By 3 minutes, he dropped something in his office.
Jia Yunting has said many times that Faraday plans to deliver the first production car by the end of 2018.
But where the production car will be off the assembly line, it is still not clear.