Recently, Jia Yueting made his debut in the US FF General Assembly again and delivered a speech in English. He disclosed details of the progress of some FF 91s and factories. FF obtained US$1.5 billion in financing, of which US$550 million has already arrived. Hanford Plant has officially started construction. All long-term production equipment has been ordered.
According to its disclosure, FF has introduced McKinsey to help improve the management level, achieve operational data, process, and transparency. Jia Yueting said that it will continue to recruit talent.
It is understood that after the general assembly, all FF employees received the promised option. They logged in to their Solium account to view the equity information.
Jia Yueting FF full speech:
Fight to the First
Good afternoon everyone, Thank you for being here.
Good afternoon, everyone, thank you for attending today's full membership.
Today, I would like to talk about the management transformation of our company, in order to deliver FF 91 on time and realize our vision.
Today, the topic of my speech is the company's transformation to deliver FF 91 on time to achieve our vision.
We have already achieved some transformational victories, in the first quarter of this year. During restart phase, we have secured more than 1.5 Billion US dollars investment, with $550 Million already in the bank.
We have achieved some transformative victories in the first quarter of this year. During the company's restart phase, we successfully mobilized more than 1.5 billion U.S. dollars, of which 550 million have already arrived.
We have hired many top new talents, We are even seeing some people realize the grass is not always greener on the other side. And we have welcomed them back through Home Coming Program. We have re-engaged our suppliers at CES and Global Supplier Summit , and we have released a majority of the vehicle parts.
We have recruited many top talents, and we have even seen that some of them have realized that the mountains are not necessarily higher than this mountain. We also recruited them through the homing project. We are already at the CES and Global Supplier Summit. Restart the supplier relationship and release most of the FF 91 parts.
I will share with you for the first time, Construction at Hanford factory has already started, We have ordered all the long lead-time equipment.
I shared with you for the first time that the Hanford plant has been officially started and all long-term production equipment has been placed.
And, great news, Shortly after this meeting, you will be able to log in to your Solium account, and see your stock options, We are all owners of FF.
Immediately after, a good news, after the end of a meeting, you can immediately log in to your Solium account and view the equity information. We are all Owners of FF.
These achievements demonstrate our progress, more than just words – these are actions. Thank you for making these possible
These achievements show our progress. Not only language, we also speak in action. Thank you for making this possible.
However, we must consider the challenges that lie ahead. You all know that we have a grand vision that is unique. but this year, we must focus on our 5 strategic goals, In order to achieve these challenging goals, we need to transform the Management of our company in three ways.
However, we must consider the challenges of the future. I know that you all understand that the company has a unique and magnificent vision, but this year we must focus on five strategic goals. In order to achieve these challenging goals we must focus on three management changes.
First, we must transform our organization. I believe Strategy determines organization, organization determines success. We will finalize the tier 2 and 3 organization with clear roles and responsibilities, We will rebuild the muscle in key areas through hiring top talents. and give everyone the necessary tools to be successful
第一, 我们必须变革组织. 我相信, 战略决定组织, 组织决定成败. 我们将敲定二级和三级组织, 确保职责分明. 我们将招募顶尖人才, 给予每人必要的工具来取得成功重建关键领域.
Second, we need to transform our operations from chaotic to organized and manual to digital, As you all know, McKinsey is an industry leader in change management. They are working side by side with us to transform our operations to be data driven, process driven and transparent. As an example, we have set up the FF 91 program control tower on the second floor of the big building, Any employee can look at the details and we encourage you to do so. Soon, you will see the cloud based control tower around our buildings. This shows our commitment to management transformation and improve your daily experience at FF
Second, operational change. To carry out centralized, digital reform. As we all know, McKinsey is the industry leader in change management. They are working side by side with us to achieve operational data, process, and transparency. For example, we have The FF 91 project control tower was built on the second floor. Any staff can see the details. I also encourage everyone to take a look. Soon, you will see more cloud-based project control towers installed in our office building. This is a clear indication of our determination to manage change to enhance our employees' daily work experience in FF.
Lastly, we must transform our culture. including how we communicate. I indeed we have an organization that has many tribes, Changing our culture is going to take hard work, The change should start from me.
Finally, we must change culture and communication. I realize that there are many tribes in the organization. To change culture requires a lot of arduous work. This change will start with me.
Many of you know, I am trying to improve my English, Many days I wish I could wake up one day and speak English like you do.
That would make me happier than getting $1 Billion US dollars. I am NOT kidding, Learning a new language at my age is a big challenge. But I put in the work because I think it's worth fighting for, The bigger the fight, The sweeter the victory
Many people know that I am trying to improve my English. Many times I hope to wake up one day and be able to speak English as fluently as you do.
This is a more worthwhile thing than I got for $1 billion. I'm not kidding. It's a big challenge for me to learn a new language at this age. But I still study hard because I think it's worth it. The goal of my struggle. The harder the struggle, the sweeter the victory.
That is what our 2018 slogan, Fight to the First describes. Just as we will fight for a better culture. We will fight to get the first of the new species - FF 91 on the road, And we will fight until January first to produce FF 91, We will fight for FF to be the first of a new species to lead the future of mobility
This is exactly the meaning of our 2018 slogan, Fight to the First. Just as we are working hard to improve our culture, we must work hard for the first FF 91 to be put into production. We must persevere until our first January 1st. FF 91 is offline. We are working hard to become the first new species.
Finally, I want to remind everyone that we must Fight to the First as a team. A quick show of hands -- how many of you watched the Winter Olympics a few weeks ago? Did any of you see the team speed skating events?This sport is very interesting to me because is not measured by which member of the team finishes first, but which member finishes last. When the team works together, it is beautiful to watch.
最后, 我想提醒各位, 我们必须作为一个团队来奋斗. 让我统计一下——你们有谁看了几周前的冬奥会?你们看没看团队速滑项目?我对这项运动很感兴趣, 它的输赢不取决于哪个成员第一个到终点. 而是取决于哪个成员最后一个到终点. 当整个团队共同协作时, 景象是很美的.
So how does this apply to FF? First, we need to build team chemistry, A team that has great chemistry will always outperform a team that has great individuals, For those teams that are stable, we must find a way to support our teams that have not had time to rebuild their strength.And for those teams that are recovering, you have the full weight of our resources to catch up with urgency
这对FF有什么启示呢?首先, 我们需要建立团队的化学反应. 一支有强烈化学反应的团队总能胜过一支仅有优秀个人的团队. 对于稳定的团队, 我们必须想办法支持那些还没能及时恢复的团队. 至于正在恢复的团队, 我们是你们的全力后盾, 会为你们提供资源赶时间.
My commitment to you is I will remove roadblocks for our talented employees. so you can each do your part to launch FF 91. In summary, some people – even people in our company –, would say getting FF 91 on the road by the end of the year is impossible. However, as I told our suppliers, to make a miracle, you have to be a little crazy. Its crazy people like us that make the impossible possible.
我对你们的承诺是, 我要为优秀员工剔除路障. 让你们顺利完成各自的部分, 最终成功发布FF 91
有的人——甚至是我们公司内部的人——都会说这是不可能的. 但正如我告诉供应商的, 为了实现奇迹, 我们必须要有一点儿疯狂. 正是像我们这么疯狂的人才能够让不可能成为可能.
Our management transformation starts today. Together, let' s fight to the First
我们的管理变革从今日开始. 一起, 让我们Fight to the First.
Thank you!
Thank you everyone!