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Jia Yueting's car-making mystery is getting harder and harder to solve!
In July 2021, FF Auto was listed on the NASDAQ; in September 2021, at the "919 Futurist Co-creation Festival", FF announced that it had made substantial progress in cooperation with Geely to build the first flagship stores in Beijing, Shanghai, Guangzhou, and Shenzhen; in October 2021, Faraday Future's official blog said that it would ensure that the FF91 would be delivered on time in July 2022.
Everything seems to be going well, but there are doubts along the way.
In October last year, J Capital Research, a short-selling agency in the United States, publicly shorted Faraday Future (FF), saying that FF could not sell a car, and made a number of allegations in the short-selling report, one of the more interesting points is the FF91 order volume fraud.
Why is there a question? Because before the FF car went on the market, the official said that it had already received 14,000 pre-orders.
Jia Yueting first carried out a recoil, "cold rice and hot stir-fry, nonsense." At the same time, a special committee composed of independent directors of FF Company conducted relevant investigations. Recently, this investigation report was officially released.
According to the investigation committee report, only a few hundred of FF's so-called 14,000 orders have been paid, and the rest are unpaid orders. Can an unpaid order be called a "scheduled order"? Obviously not.
The short report also said that 78% of FF's orders came from the same company. In this regard, it is not mentioned in the report of the Commission of Inquiry and it is not known whether it is true or false.
In addition, Jia Yueting's role in FF has also been questioned.
A year before the listing of FF, Jia Yueting declared his personal bankruptcy and reorganization, no longer owned FF equity, and successfully shaped himself into a "hit worker" image. However, according to the investigation committee report, Jia Yueting is still a member of the FF management committee and has a strong voice within Faraday Future.
It is said that at the same time that the results of the investigation were released, Jia Yueting was reduced in salary and the official appointment of a new executive chairman of the board.
Although Jia Yueting's internal role is actually not related to car building, it undoubtedly makes the public have a crisis of trust in Faraday's future. If you want to mass-produce delivery, you need to raise enough funds, and once the trust has a crisis, it will affect the capital's judgment on whether FF is investable.
In this context, Faraday Future announced that it will launch FF's second electric model, the FF81, in the third quarter of 2022, in cooperation with South Korean automaker Myoung Shin Co., Ltd., to start production in 2024 at its Gunsan plant in South Korea.
Faraday Future officially declares that the FF81 is an ultra-luxury intelligent electric vehicle with extremely intelligent interconnection and ultimate user experience.
FF's first production car, the FF91, was first launched worldwide in January 2017, but as of now, it has not yet been listed, and no one knows when it will break through the threshold of mass production delivery. In the case of the uncertain future of FF91, the arrival of FF81 has not allowed people to see the dawn of success.
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