I have been gossiping about some things in the industry these days, and today I want to talk about an unjust case that everyone in the industry has heard of, but does not know how terrifying it is.
That is the story of FF Motors, the former LeTV Motors and the boss of Jia Yueting.
As early as around 2016, LeTV, which was in the limelight with a market value of more than 170 billion yuan, announced that it was going to enter the automotive industry, to make efforts on the new energy track, and to let Chinese cars occupy the world's first and at least top three.
At that time, LETV Auto has always been in the limelight, and its easy-to-use car at that time was the second in the industry, no one dared to say the first, even Didi was behind, not to mention other car-hailing software. And what kind of Didi is like today, everyone understands. If LeTV hadn't fallen, where would there be Didi's grand occasion today. Although the subsidy for Yidao cars was very high at that time, everyone knows that this is a means of competition and an effective magic weapon to grab market share in the early stage. It is not excluded that Yidao is a magic weapon to provide cash flow for LETV, how important cash flow is, everyone who is the boss knows.
Jia Yueting was busy working on luxury pure electric vehicles at that time, and the work was carried out in an orderly manner. But suddenly, an avalanche happened.
China Merchants Bank overfroze 26.162 billion yuan of assets because LeEco owed it 30 million yuan in interest for three months! For a time, all banks scrambled to freeze all assets under LeEco! The bank's actions were swift and ruthless, and it can be called the largest in history against private enterprises. According to a former LeEco employee, there is a mastermind behind this public case, and it is inconvenient to name him here. Those who have a heart can check it themselves.
Because there was no clear legal provision at that time, stipulating how many times the assets of the bank could be frozen for how much money was owed to the bank, so, although LeTV Automobile also appealed at the time, but it ended in vain and had no effect. It is understood that at that time, LETV had filed a complaint with the Shanghai High Court on the previous excessive freezing of 26.162 billion assets by China Merchants Bank, hoping to lift the preservation measures against all the shares of LETV held by Jia Yueting, the equity of LETV Pictures and LETV Zhixin held by LETV Holdings, the equity of Daisheng Technology, and the equity of Gongsan. But what we do know now is that none of these desired preservation measures have been achieved.
The 30 million interest arrears were less than three months, and its assets of 26.162 billion yuan were frozen! Coupled with the run on all banks, which enterprise can afford it?
At that time, the ambitious Jia Yueting did not expect that the appeal would be such a result, and he confidently set off for the United States to inspect and guide his automobile branch in the United States. He's working hard,The verdict came down here,First, the appeal was inconclusive,Later, it was even worse,"The CSRC decided to order LeTV to make corrections according to the facts, nature, circumstances and degree of social harm of its illegal acts,Give a warning and impose a total fine of 240.6 million yuan。
How did he come back? When he came back, what should he do with the United States? Where is there any chance of making a comeback?
He was supposed to return to China in two weeks, but his ex-wife, Gan Wei, said at the time that he had only brought shirts for two weeks...... In other words, I didn't think that the husband and wife and children would be separated by geography and artificiality, and it was difficult to say whether they could meet again in their lifetime. However, many people began to coax the seedlings: "Jia Yueting will return to China next week." This is the true embodiment of some Chinese people's chicken thieves and falling stones, small cleverness and great wisdom, not to mention the pursuit of the truth of the incident.
Almost at the same time, Gaohe Automobile was founded. Ding Lei was a government official before, and later came to LeTV as an executive as a partner, with an annual salary of 15 million yuan a year, and 30 million yuan in two years (Jia Yueting said it publicly), and was responsible for using the resources in his hands to finance LeTV Auto. As a result, the money was found, and he saw that LeTV was so unlucky, and took the technology and technical personnel of LeTV Auto FF Automobile, and established Gaohe Automobile by himself. The models produced are extremely similar to FF's models, and are sold as high-end luxury in China.
As a result, everyone later knew that Gao He was almost dead...... began to sell miserably online, opened the road of Internet celebrity, talked about cooperation everywhere, and wanted other car companies to buy him or finance him. But most of the bosses of the car companies know the origin of Gaohe, and the negotiations ended without a hitch, in the face of the news released by Gaohe: Zhu Huarong, who has always been very frank, responded to the question: I have talked about it, but there is no result. The other negotiations are not expected to be much different, and they have finally gone silent.
No matter what the generous Boss Jia thinks, anyway, now, FF has filed a lawsuit against Gao He and Ding Lei for infringement with the Shenzhen Municipal People's Court, and at the same time filed a lawsuit in the United States. If the lawsuit in the United States is won, Gaohe Automobile will not be able to sell in the United States in the future, no matter who acquires it later; if the lawsuit is won in Shenzhen, China, then Gaohe will compensate FF, and everyone should guess what kind of judgment Ding Lei will get.
Over the years, Jia Yueting has encountered Waterloo in France and Wheat City in China, and has been transported to the eighteenth layer of hell. However, this man can be called a generation of heroes! He has not lost his wits and has continued to work hard and persist in the United States. A native Chinese, to the United States to start a business, how many roads he has walked, how many pits he has fallen, only he knows, it is difficult for others to empathize. However, he has always been very optimistic, with righteousness and courage, leading FF to move forward strongly and unyieldingly.
At the auto show, Jia Yueting shouted to the man in red: Don't endorse for plagiarism! As a result, the man in red replied: "When will Boss Jia return to China?" and caused a burst of ignorant laughter. Jia Yueting had no choice but to respond positively: It is my dream to build a good car, succeed in the United States, and return to the motherland! As for the $12 billion I originally owed, I have now paid off $10 billion in cash, and most of them are from auctions, and the auction price of the assets is even less than half of the original value...... I will continue to work hard to build a car and try to pay off all my debts in the short term. As for the rumor that I left 500 million for my daughter, it was a rumor created by a blogger in the United States, we also sued, and won, and he has publicly admitted to spreading rumors and apologized, I thought everyone knew about it, and who knew that everyone didn't know.
Yes,Who cares about LETV and FF anymore,The winner is the king and the defeat is the consistent purpose of the eyes of the forces,Don't judge heroes by victory or defeat,That has vision、Ambition and bearing,And the courage and spirit to explore the truth of the incident。
I always believe that FF and LeTV will make a comeback, and Jia Yueting will definitely return to China to reunite with his children and share the joy of family!