"It's crazy, it's an exciting day. Next, the most important task of FF is to continue to go all out to hand over FF 91 to users, and the dream of striving for it is getting closer and closer to us. On the morning of February 24, Jia Yueting, founder of FF, said excitedly after driving the first quasi-production car of FF 91 for a lap. According to FF's plan, mass production of the FF 91 will begin in the third quarter of 2022.
However, at the same time, Jia Yueting added 3 new pieces of resumption of enforcement information in China, with a total of more than 2.5 billion yuan in execution targets.
In the face of the "two-sided life" inside and outside the wall of Boss Jia, netizens have shouted: Can I return to China before mass production?
"Like a rocket, race cars are fast"
At 8:00 a.m. on the same day, Bi Fukang, global CEO of FF, and Jia Yueting drove the first quasi-production vehicle of FF 91 out of the factory together, and conducted a dynamic acceleration, braking and pile winding test at the site. During the test, Jia Yueting praised the acceleration and braking performance of the FF 91, "it feels like a rocket launch, the racing car is fast, and the braking performance is very sensitive."
According to previous FF disclosures, the FF 91 is positioned as a luxury electric vehicle, which was first launched in The World in Las Vegas, USA, as early as January 2017. The car accelerates from 0-60 mph in just 2.39 seconds, can output 1050 horsepower, can travel 300+ miles on a single charge, and has a range of up to 700 km under NEDC conditions.
Matt Tall, FF's vice president of manufacturing, said that the production and manufacture of the first FF 91 quasi-production car at the Hanford plant is an important step towards FF's third-quarter mass production target and the closest to the production version of the FF 91 seen so far. Bi Fukang, global CEO of FF, said the company will start to be profitable in 2025.
On July 22, 2021, FF officially landed on nasdaq, raising more than $1 billion. In October of the same year, FF set 7 important manufacturing milestones for the mass production of FF 91, and so far, 4 have been completed. As planned, the seventh final milestone is the start of production in the third quarter of 2022.
"The new species FF 91 is about to be born here"
However, Jia Yueting's road to car building is still unclear.
According to Tianyan's investigation, Jia Yueting recently added 3 new articles of resumption of enforcement information, with a total of more than 2.5 billion yuan in enforcement targets, involving cases such as Jia Yueting and Ping An Securities, Huarong Securities and other related disputes, and the enforcement courts are all the Third Intermediate People's Court of Beijing Municipality. Up to now, the total amount of Jia Yueting's execution has exceeded 5.2 billion yuan.
In 2017, Jia Yueting went abroad due to the LeTV storm and began to toss his FF car-making plan in the United States. The operation was as fierce as a tiger, and FF actually let him toss to the NASDAQ.
But U.S. short-selling agencies will not let him go easily. In October 2021, U.S. investment firm J Capital Research released a 28-page short-selling report, questioning FF's R&D investment, production capacity, capital operation performance, and founder Jia Yueting himself.
The short-selling report shows that FF has previously promised to build 6 factories in 5 locations in China and the United States, but so far this plan has not been implemented, and FF has promised to restart and start production within 7 months of the Hanford plant in the United States has not made any substantial progress.
In the face of this short report, FF set up a special committee composed of independent directors to investigate the allegations and carry out a major internal organizational change. On February 2, 2022, FF also announced that it has reached a cooperation agreement with South Korea's Mingxin Group, which will produce the FF 81 model for Faraday Future, and is expected to start mass production in 2024.
Now the emergence of the first FF 91 quasi-production car, is Jia Yueting's successful overturning or is there a "wolf coming"?
"The new species FF 91 is about to be born here." After the test was completed, Jia Yueting said passionately.
I hope that after FF makes a profit, Boss Jia can successfully "return to China".
Rushes:
Star Paint: So can Boss Jia return to China next week?
Science and technology Chai said: Qi Baishi painted shrimp, Zhang Daqian painted tigers, Xu Beihong painted horses, Jia Yueting painted cakes!
Leun: FF: Due to the recent Russian-Ukrainian crisis, our core parts could not be assembled, which caused you deep regret!
Little Golden Pain: Quasi-production car, quasi-production car plus, mass production car beta, mass production car beta 2...
A trader : Mass production next week!
Winter de Rainforest: Okay good I'm already lame, don't flicker on the line?
Azura 887766: Hahaha, mass production has been listening to for about 5 years!
Upstream news synthesis