"Of course we saw it, because the car is the one we unloaded!" On May 4th, a LeTV-related staff member stated to the NBD car that he was at the door of LeTV Sports in the Creative Plaza in Beijing Jiuxianqiao.
According to media reports, on April 29th, FaradayFuture (FF), originally scheduled to leave in early May, had two FF91 Internet smart cars. They completed customs clearance procedures in advance and shipped customs clearances to FF China.
On May 4th, the NBD car came to the site of the Jiudian Bridge Creative Park in Beijing. There are two buildings of LeTV and LeTV. At the door of LeSports, NBD cars learned after talking with relevant staff of LeTV. 4 On the 29th of the month, FF91 arrived directly to LeTV Automotive after it arrived in Beijing.
With FF91 'returning to China', there are opinions in the industry that Jia Yueting, the former chairman of LeTV.com, may take this opportunity to resume the dream of the car. In this regard, Jia Xinguang, an analyst in the automotive industry, believes that no matter what the future of Jia Yueting, only mass production will come out. The car is a guarantee. Whatever was said in the previous period was very imaginary.
According to Ye Shengji, deputy secretary-general of the China Association of Automobile Manufacturers, the Internet's concept of building a vehicle has only landed on the traditional production and manufacturing industry. The prospects for future development are only as expected.
FF mass production soon?
For FF's car repair progress, LeTV Automotive stated to the NBD that around 20th May, the FF plant in Hanford, California, will introduce production line equipment and install it.
An informed person close to FF told the NBD car that FF will try its best to build a production car at the specified time. 'In fact, FF has been building a batch of manual vehicles for the later sales of FF91. Prepare sales channels. '
Earlier media quoted informed sources as saying that investors are very strict with FF's development plan and require that FF must achieve volume production within this year. Otherwise, it is equivalent to breach of contract. By then, Jia Yueting will bear a large amount of liquidated damages.
At the same time, Jia Yueting did not put all his manufacturing efforts into the FF factory in the United States and began to take action in China. On April 8, the website of the Guangzhou Public Resource Exchange Center was announced, Rui Chi Smart Car (Guangzhou) Co., Ltd. (hereinafter referred to as Ruichi Automobile) won approximately 601 mu of manufacturing land in Guangzhou's Nansha District for a price of 364.1 million yuan. The land use is a Class II industrial land and the transfer period is 50 years.
According to the land listing and transfer announcement issued by the National Land Resources and Planning Bureau of Guangzhou Nansha Development Zone, Ruichi Automotive must introduce a pure electric vehicle assembly project with world-class pure electric vehicle R&D and manufacturing level within one month from the bidding for the land, and it needs to be transferred from the land. Starting construction and construction within one month from the date of the project, completed and put into production within 24 months.
Regarding the relationship between Ruixin Automobile and FF, on April 11th, LeTV.com stated in its reply letter to Shenzhen Stock Exchange that Ruichi Automobile is an affiliate of FF.
LeTV insiders also expressed to the NBD that “Riccio is like a brother company of LeTV, but the former exists as a separate operator and they recruit people independently. However, R&D and LeTV are the same legal entity. , But they have nothing to do with LeTV. In the future, if we want LeTV to participate in related work, we may join.
Previously, there were rumors in the industry that FF domestically or will settle in Nansha Base. The above-mentioned LeTV insiders confirmed this to the NBD vehicle.
In the event that LeTV’s arrears have not yet been paid off, Jia Yueting will spend another 400 million yuan to purchase land. Where did the money come from? Before there was media coverage, Evergrande Group's Hong Kong-based fund had invested in FF registration at the end of 2017. At Cayman's offshore company, the investment amounted to approximately US$300 million. At that time, the valuation of FF was only US$1.5 billion. If calculated, the Evergrande Group may hold FF’s 20% stake in Cayman.
In response, an employee of an FF China company, who asked not to be named, also introduced the NBD car. The early stage work of the Guangzhou Nansha project is likely to be led by the investor, but the majority shareholder of Ruichi Motors is still the French car ecology (Hong Kong ) Limited.
Moganshan is still waiting for funds
For this FF91 return home, and Rui Chi Motors as an FF affiliate company to win 601 acres of land in Guangzhou Nansha District, the industry believes that this is FF preparation for the domestic FF91.
'FF plans to achieve independent research and development and production of two new cars in China by the end of 2020. ' The close to the FF informed sources, 'However, the specific details of FF’s independent R&D production in China are still under discussion, currently only large Do planning in the direction. '
NBD Motors learned that after the FF was successfully funded from the end of last year, LeTV interior workers had begun to prepare for the localization of FF's cars.
In the past six months, the company’s relevant personnel have been in contact with LeTV’s earlier suppliers, including vehicle sales and parts suppliers. “The above close to the FF informed the NBD car, 'Because LeTV began in July last year. Because many jobs are in a state of stagnation due to debt incompletion. After FF financing is in place, the work has started again.
It is worth noting that, apart from the Nansha plots that Rui Chi Motors won, LeTV has also invested in the Moganshan Leshi Ecological Automobile Industrial Park.
On December 9, 2016, Leshi Eco-Car (Zhejiang) Co., Ltd. won a plot of land on the northern side of Chuangye Avenue in the Shacun block in the northern part of Zhejiang Deqing Economic Development Zone. The area for sale was 9.004 million square meters. The purpose was for industrial use. The transaction price was 2.79. In April 2017, LeTV acquired about 679 mu of land in Deqing, Zhejiang, with a total transaction price of approximately RMB 140 million. So far, LeTV has received 2,029 mu of industrial land on two occasions and paid 420 million yuan of land for use. To create music as automotive eco-industrial park.
Later, with the crisis of music as the capital chain broke out, Jia Yueting traveled out of the United States, LeTV car project stalled, Moganshan Leshi car eco-industrial park project was also aground.
From the response of the Management Committee of the Moganshan Hi-tech Zone in Huzhou, Zhejiang on April 23, it can be seen that due to problems in the funds in the previous period, the Leshi Auto Project began suspending construction in July 2017.
According to NBD, after the suspension of construction last year, a number of state-owned enterprises visited the Leshi Ecological Auto Industry Park in Moganshan, which also included mainstream car companies.
Before that, some media had disclosed that FAW-Volkswagen was negotiating Moganshan Leshi Automobile Industrial Park. In response, the above-mentioned close to the FF did not want to comment, but expressed to the NBD vehicle, whether the Moganshan project was sold or not. To see if the funds of the investor can be put in place, if the funds can be delivered in due time, the base will be able to keep it. 'After all, the development of the original plan requires a lot of money.'