Xu Jiayin, Chairman of the Board of Directors of Evergrande Group, began publicly appearing in the US electric vehicle manufacturer FF.
On July 13th, US local time, Xu Jiayin and his entourage visited the headquarters of Faraday Future (FF) in Los Angeles, USA, and discussed the future development of the company with the FF management.
Xu Jiayin, Chairman of the Board of Directors of Evergrande Group, arrived at FF Headquarters. FF Global CEO Jia Yueting met with all the senior management team. The picture shows Xu Jiayin shaking hands with Peter Savagian, former vice president of global research and development at FF (formerly General Motors Group Electric Vehicle).
According to the news released by FF, Xia Haijun, president and FF chairman of Evergrande Group, Peng Jianjun, vice president of Evergrande Group, Jia Yueting, founder and global CEO of FF, Peter Savagian, senior vice president of global research and development at FF, Dag Rechhorn, senior vice president of global manufacturing, FF Nick Sampson, Senior Vice President of FF Global Products, and all FF executives accompanied the inspection.
Nick Sampson, FF Global Vice President of Advanced Products (formerly Tesla Model S R&D, right) and FF Design Manager Ron Polonski (formerly Tesla and Ford Auto Designer, second from left) introduce the interior and exterior materials of FF products and design concept
Xu Jiayin Experiences Electrical Test Equipment at FF Electrical Laboratory
FF design manager Ron Polonski introduces FF 91 interior design concept
Xu Jiayin and his team conducted research on the core R&D departments of FF headquarters, such as manufacturing, electrical laboratory, powertrain, battery electronic control, design studio, vehicle safety, vehicle networking, and autopilot, and experienced the FF production model FF91. .
According to the news released by FF, Xu Jiayin highly praised the products and technology of FF.
Press release issued by FF. Jia Yueting expressed his gratitude for the strong support of Xu Jiayin and Evergrande Group, and detailed the future business and product strategic planning of FF. FF will continue to play and strengthen the advantages of Sino-US dual home, transforming traditional cars. Industry, create a true shared intelligent travel ecosystem. 'Seeing is believing.' Xu Jiayin said that FF is indeed a global leader in similar enterprises. Investing in FF is definitely the right decision. Evergrande will be in capital, production base construction. , product sales and other aspects give FF all-round support.
In June of this year, Xu Jiayin officially announced the investment in FF.
On June 25th, Faraday Future official Weibo announced that it officially passed the US government CFIUS (Foreign Investment Committee) approval, completed the first round of financing of 2 billion US dollars, founder Jia Yueting as CEO.
On the same day, Evergrande Health Industry Group, a subsidiary of Xujiayin, announced that it had acquired 100% of the shares of Season Smart Limited for HK$6.746 billion and indirectly obtained a 45% stake in Smart King. The seller was Zhongyu Group. Chairman and Executive Director Zhao Du.
Smart King is a joint venture between Shiying and the original shareholders of Faraday Future.
It is reported that on November 30, 2017, FF entered into a merger and capital increase agreement with Shiying Company and other related parties. Shiying Company agreed to invest US$2 billion to acquire a 45% stake in the joint venture Smart King, while Faraday Future's original shareholder is Faraday. Future Group owns the technology assets and business shares, and acquires 33% equity of the joint venture company. The remaining 22% equity of the joint venture company will be reserved as equity of employees issued under the equity incentive plan.
According to Evergrande Health's announcement, Evergrande's acquisition of Shiying Company holds one vote for each share of the joint venture company, and under the normal operation of the joint venture company, the original shareholders of Faraday Future hold 10 shares per share. Voting rights. However, when management fails to perform its duties under the terms of the joint venture company's shareholder agreement, the original shareholder's voting rights will be transferred to the target company Smart King. The FF equity incentive plan will not be distributed to employees. Have any voting rights.
FF design manager Ron Polonski and FF exterior designer Hanbin Youn presented design drawings to Xu Jiayin
According to the plan, FF hopes to mass-produce the FF91 before the end of 2018, and the FF factory in the United States just selected the construction general contractor in June, only 6 months from the end of the year.
It is widely believed that it is not difficult for FF91 to achieve mass production goals.