Eight years after the car was built, Faraday Future Automobile (FF Auto), founded by Jia Yueting, officially announced that the first model FF 91 will be officially released on February 24, 2019 at 8:00 a.m. Beijing time.
According to the product introduction of the official website of FF Automobile, the FF 91 horsepower up to 1050 horses drive motor, the peak torque of more than 1800 Nm, 2.39 seconds can complete the 100 km acceleration, the battery capacity of 130kWh, FF Car claims that this is the highest energy density in the world, NEDC endurance of more than 700km. The car is sold for $2 million and $200,000 in China and the U.S. markets, respectively, and FF Auto has already collected a refundable deposit of 50,000 yuan per customer last year, and according to the conclusion of the FF Auto Independent Director Investigation Committee on the 9th of this month, a total of 300 users paid the deposit. FF Cars was listed on the NASDAQ last year by buying a shell, and FF Cars claimed to have received 14,000 FF 91 orders.
Since 2014, Faraday's future car road is full of bumps and variables, resulting in the delivery time constantly skipping tickets, and this time is the closest FF car to reality. On January 3, 2017, three years after the establishment of Faraday Future, the first model was released, inviting domestic multi-channel technology and financial media to visit the United States, but the automotive professional media was not invited. In July of the same year, Jia Yueting left the United States because of LeTV's debt problem, and when he left China, he said that he was only going to the United States for a short time and would return to China in about ten days. On the second day of arriving in the United States, he stepped down as chairman of LeTV and became the global chairman of LeTV Automotive Ecology, focusing on the automotive business. FF Cars said that it could be delivered to the owner the next year. At the end of the year, some media reported that the FF Automobile U.S. factory was dilapidated and depressed, the grass was overgrown, and only one employee of the entire company clocked in to work, and there was no production equipment in the factory. In 2018, the progress of FF 91 was also changed from delivery to owner to starting the assembly of the vehicle, and the actual roll-off of the vehicle was delayed to February 24 next week.
From the perspective of the company's operation, in the following years, the focus of FF Automotive is to absorb capital. Even once pulled Evergrande into the game, Evergrande president Xia Haijun concurrently served as the chairman of FF, but soon Evergrande Automobile and FF Automobile broke up to find a way out. Evergrande Automobile bought and bought, and renamed Evergrande Health to Evergrande Automobile. FF car is not bad, coinciding with the popularity of the capital market in recent years through SPAC shell listing, FF car also embarked on the road of this simple listing, capital master Jia Yueting naturally pulled a lot of shareholders in this gust of east wind to achieve his car-making dream, even Geely Automobile also made a small amount of financial investment in the listing of this FF car, in 2021 to the stock code FNIE for trading, the first day of listing Faraday future opening rose by more than 22%, and finally closed up 1.45%, At $13.98, the total market capitalization is $4.511 billion, while FF Auto's share price yesterday was $5.02, close to one-third of its peak.
On October 7, 2021, Meiqijin Investment Consulting Company issued a short report against FF, saying that FF cars have no money factory and no progress, and it is impossible to sell a car, but Jia Yueting also responded for the first time, saying that the other party was frying cold rice. When it goes on the market, FF Cars will launch products within a year. The decline in FF Auto's stock price has nothing to do with the short-selling report, according to the historical stock price, FF Auto peaked as soon as it was listed, and has been developing downward since then.
U.S. stock regulator SEC warned that FF Auto could face delisting if it doesn't file a earnings report. The public realized at this time that a financial report was not submitted after the listing of FF Motors, and FF Cars explained that it did not submit a report because it was investigating the short report.
Earlier this month, a special committee of FF's independent board said there was no evidence to support the previous short report of J Capital Research, a short-selling agency. But admitting that Faraday ordered 14,000, only a few hundred people actually paid for it, misleading investors. Subsequently, at the request of the board of directors, FF Auto demoted or suspended a number of responsible persons, Jia Yueting's nephew was also suspended without pay, his position in FF Auto was vice president of global capital markets, and Jia Yueting himself also reduced his salary by 25%.
If there are no accidents, the FF 91 production version will be released next week, which may buffer the car-free allegations of short reports. At the same time as the investigation committee released the results, FF Auto announced that it had reached a production agreement with a Korean foundry to produce the next generation of mass-market products FF 81, and whether it was FF 91 or FF 81, a necessary condition for order users was to have enough patience to wait for delivery.
WeChat public number: used car wisdom Pan Pan (id: carman228)
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