On April 8, Faraday Future Affiliate Rui Chi Smart Cars (Guangzhou) Co., Ltd. (hereinafter referred to as 'Rui Chi') bids for an industrial site in Guangzhou at a price of 364.1 million yuan, which means that Jia Yueting may soon be Domestic stepping on the road to construction. With $1.5 billion in financing, FF's factory in the United States has started construction last month, FF China is now able to operate normally, and it will depend on whether or not the land can be obtained through auditing. Jia Yueting dream of making a car.
Land plot does not mean you won
According to the information released by the Guangzhou Municipal Public Resource Trading Center, Ruichi Motors obtained a piece of land in Nansha District of Guangzhou City, which was previously listed for sale, for 364.1 million yuan. This block is called '2018NGY-2 Wanqingsha Bonded Port in Nansha District. Industry Block, with an area of 401,000 square meters and a transfer term of 50 years, belongs to the second class industrial land with an initial price of 364.1 million yuan. The manufacturing site begins auction at 3 pm on April 8th, at about 5 Within a minute of closing price.
In fact, although Ruichi Motors has obtained the above-mentioned plots for auction, it still needs to follow the requirements of relevant departments to conduct industrial layout. This bid will be 'calculated'. For Ruichi Motors, it does not mean that they took the plot. .
According to the land sales announcement, the land proposed the following conditions for Ruichi Motors: Ruichi Automobile must introduce a pure electric vehicle assembly project with world-class pure electric vehicle R&D and manufacturing level within one month after the land acquisition. The main business scope is the vehicle. Engineering technology research and development, automotive parts and components manufacturing sales, automotive sales, etc.
According to the national regulations, the newly-built electric-electric commercial vehicle project should meet the requirements of the "Management Regulations for Newly-built Electric-Electric Passenger Vehicles" (Decree No. 27 of the Ministry of Industry and Information Technology of the National Development and Reform Commission), and the project must be submitted to the National Development and Reform Commission. The application for land was approved and approved. Therefore, the land sales announcement requires Rui Chi Motors to obtain approval for the entry of pure electric vehicles within 5 quarters after the start of the project.
The land sales announcement also showed that Ruichi Automotive must cooperate with the government of Nansha District of Guangzhou City during the development and construction of the project to carry out R&D, manufacturing, sales, import and export of new energy vehicles and parts, and also need to cooperate with Guangzhou. The Nansha District Government of the City cooperated to build a complete vehicle production base and import and export base for pure electric vehicles.
In fact, Rui Chi Automotive and Jia Yueting founded the FF company has an inseparable relationship. The data show that Rui Chi Automobile was established on February 12 this year, registered address is No. 171, Haibin Road, Nansha District, Guangzhou City, 9th floor (only for office use ), registered capital of 300 million US dollars. The company's business is mostly related to the automotive business scope, including automotive sales, automotive parts design services, automotive repair tool design services.
The Beijing Commercial Daily reporter found that the sole shareholder of Ruichi Motors was SMART MOBILITY. According to information disclosed by the Hong Kong Corporate Registry, SMART MOBILITY was established on October 20, 2016. The company is a private limited liability company. It is worth noting that Previously SMART MOBILITY's name was FF Hong Kong Holdings Limitied, and its Chinese name was Fafa Motors Ecological (Hong Kong) Co., Ltd. (hereinafter referred to as 'Farfa Automobile Ecology').
It is worth noting that the French-Far car ecology is the controlling shareholder of Fafa Motors (China) Co., Ltd. (hereinafter referred to as 'Law China'), which holds 95% of the shares. This means that Rui Chi Smart is a French-French company. Brother companies. It is understood that FF official microblogging certified company is France France, FF issued a statement and related product news and other channels is also the Weibo. In addition, France and France another shareholder of the French law is limited to the Internet smart electric car The company, which was changed on May 24, 2017 to 'Levision Automotive Technology (Beijing) Co., Ltd.'
Based on the above related information, and the requirements for land sales, Rui Chi Intelligent will be able to implement mass production tasks for FF in China. In response, a reporter of Beijing Commercial Daily contacted the relevant person in charge of FF China. The responsible person declined to comment.
Claimed to be adequately funded but employers have become a mystery
Regarding the acquisition of land parcels of RMB 364.1 million, it is inevitably questionable where these funds come from. Because in the past two years, FF has encountered funding problems, so that the process of building cars has stagnated and several senior executives have left their posts. There are even foreign media that 'FF is likely to be bankruptcy'.
In fact, as early as February 14 this year, Jia Yueting disclosed at the first global supplier summit of Gardiner, California in the United States, that FF has successfully completed the equity financing and raised up to 1.5 billion U.S. dollars. This is basically satisfactory. All equity financing needs prior to IPO. It is understood that in December 2017, FF received the first US$300 million in the financing. In early February of this year, the company received another US$250 million in financing. At the time, Jia Yueting. Said that the remaining amount of financing will also be accounted for one after another.
It can be seen that, so far, Jia Yueting and FF only announced the amount and progress of the financing, did not disclose any information on the financing side, who is the financing party is still an unsolved mystery, it is still time to unveil The veil of capital.
In November of last year, it was reported that FF had received $900 million in financing from India’s Tata Group, which accounted for 10% of shares, and was later ruined; afterwards, there were reports that Jia Yueting and an investment agency in Hong Kong had finalized a financing of US$1 billion. Fang was the son of Li Ka-shing, Li Zeyu, and was later rumored. However, an insider who is close to FF China revealed to Beijing Business Daily that the financing obtained by FF may come from a well-known domestic real estate company. Due to sufficient funds, FF China’s current salary The issuance is very timely and the funds are operating normally.
According to the relevant person in charge of FF China, FF currently has R&D teams in Beijing and Shanghai. In the past two months, three or four batches of recruitment have been conducted. The number of teams is not less than several hundred. All operations are normal. It is understood that Since the first recruitment notice was released on January 12, 2018, FF China's official public number has issued five consecutive recruitment notices, with more than 210 demand positions. These jobs are located in Beijing and Shanghai. The above demand positions are divided into research and development related, supply Chain related, vehicle manufacturing, administrative management, human resources, finance, government affairs, legal affairs, monitoring and other major categories.
Previously, there were reports that the employees of the original LeTV (Beijing) Co., Ltd. have all been assigned to FF China.
According to the requirements of the land transfer announcement, Ruichi Automotive must introduce a pure electric vehicle assembly project with world-class pure electric vehicle R&D and manufacturing level within one month after winning the bid. Although FF China has not expressed this position, according to the related relationship, Chi Motors is likely to implement the FF company's production mission.
However, there is still a variable in this matter. A person from the Guangzhou Nansha National Land Department stated that Ruichi Motors will submit company materials, including equity relations, within two days for qualification review. Whether Jiayue Ting will act as a default trustee will affect the transfer result, Specifically depends on the company submitted the material.
When will the old Jia return?
Since bidding for the right to use the land in Guangzhou, Jia Yueting's return to the country once again became a topic of concern to the people. However, this issue is still unknown. According to the China Execution Information Network bulletin, on December 11 last year, Jia Yueting violated property reports. The system, failing to fulfill its obligations under the law, was formally listed in the list of whistleblower executors, which is commonly known as Lao Lai. According to the regulations, Jia Yueting could not use aircraft, high-speed rail, or star-rated hotels to purchase real estate before performing obligations. , Tourism and other consumer spending. In this case, even if the company's materials were approved by the auditor, Jia Yueting would not be able to see the moment he started.
At the Global Supplier Summit in February, Jia Yueting made an important commitment for FF - the FF91 will be sold as an important milestone for the team before the end of this year. Moreover, FF will be a dual home strategy and dual brand. Strategy to ensure FF success in China and the United States.
In the United States, FF has already begun the first step in mass production. Last month, FF started its Hanford factory in California. The photographs disclosed at that time showed that some workers and machinery equipment had already appeared in the factory. It is reported that it is located in Hanfu. Germany's FF plant covers an area of 1 million square feet, which is equivalent to 93,000 square meters. Previously revealed that the future FF Hanford plant will provide 1,300 jobs after full production.
In the end, whether or not China can start smoothly depends on whether the company’s materials including equity relations submitted by Ruichi Automobile can pass the qualification audit. As for funding, Yu Jian, the founder of the contract assessment, believes that $1.5 billion The FF, once on the verge of bankruptcy, should be able to solve the company's immediate needs and at least support the company's production. Of course, $1.5 billion will not solve all problems. FF needs further financing if it wants to continue development. Loans, this depends on the market feedback of the company's products.
Beijing Commercial Daily reporter learned from people close to FF China that, in addition to the two-home strategy, FF has two types of positioning for its products: Super high-end and mid-to-high end. The FF91 that has appeared is positioned as a luxury electric car, sold in the United States. The price is about 250,000 U.S. dollars, and the domestic price will exceed 2 million U.S. At present, domestic new-energy car companies and Internet cross-border car manufacturers are mostly targeting entry-level electric vehicles, but the price of FF91 is 2 million yuan. Directly to the ultra-luxury level, want to become Bentley and Rolls-Royce in the field of new energy vehicles. In this regard, industry analysts said that in recent years, high-end electric vehicles favored by the market, but the market is more than 1 million yuan is still very Rarely, there is a lot of room for market development.
In addition, Beijing Commercial Daily reporter also learned that, in the future, FF will also release some high-end products with a price of several hundred thousand yuan in the Chinese market, competing with this price brand. From the current situation, in this market, The target of FF is Tesla.
In fact, not only does FF see the vast market space of high-end electric vehicles. Prior to this, countries around the world have announced timetables for banned fuel vehicles. New energy vehicles have become the development trend of the automotive industry in the future. BMW, Mercedes-Benz and other major luxury car brands are in succession. Heavy investment in the electric vehicle sector. But it also means that the future FF competitors will be more powerful.
Yan Jinghui, expert advisor of the All-China Federation of Automobile Dealers Dealers Association, pointed out that whether FF91 can gain a foothold in the high-end electric vehicle market remains to be tested by the market. At the same time, FF will not be affected by the music crisis and Jia Yueting’s reputation in the domestic market. Look, the consumer's attitude towards both is obviously not as esteemed as it used to be.