wen/Liu Zhentao
Jia Yueting has big news again!
On May 8, Jia Yueting's Faraday Future (Faraday Future, hereinafter referred to as "FF") official Weibo announced that FF's first mass-produced electric car, FF91, will meet consumers in New York. However, the exact meeting time has not been announced. As soon as the news that the
FF mass-produced car met with consumers came out, it caused a splash in the market. Some netizens said excitedly, "Come, come, he is really here, that man is finally coming back." Launched within 12 months. At present, FF's official website shows that FF91 has begun to accept reservations, and the deposit is 50,000 yuan.
On April 5th, Eastern Time, FF officially submitted the listing documents to the US Securities and Exchange Commission (SEC). If it goes well, it means that within 2021, FF will be able to land on the Nasdaq market. If FF is successfully listed, it means that Jia Yueting's debt problem may be solved, and "Jia Yueting returning to China next week" may no longer be a stalk.
It is understood that FF was first established by Jia Yueting in 2014, and is positioned as a high-end smart electric vehicle that can be benchmarked against Tesla . At the end of 2016, LeTV's ecological crisis broke out, triggering a domino effect. The stock price of LeTV and collapsed and the debt defaulted. All the shares of LeTV directly held by Jia Yueting were frozen.
In 2017, Jia Yueting left and in the United States. During his stay in the United States, almost all of Jia Yueting's messages were bound to FF. With the delisting of and LeTV in 2020, FF is also regarded by the outside world as the last bargaining chip for Jia Yueting to turn over.
However, Jia Yueting's dream of building a car did not go smoothly. During this period, there were many unfavorable rumors such as the company's capital rupture and the dismissal of employees, and Jia Yueting has always been burdened with huge debts.
In September 2019, Jia Yueting resigned as FF CEO, became chief product officer and user officer, and appointed Bi Fukang as FF global CEO.
In October 2019, Jia Yueting released a personal bankruptcy reorganization plan in the United States, which will officially transfer all personal assets determined by the US court, that is, all FF equity and related income rights held by individuals to the creditor trust. On June 26, 2020, Jia Yueting's personal bankruptcy reorganization procedure filed in the United States was finally completed, and the reorganization plan officially took effect.
Fortunately, the capital once again believed in Jia Yueting.
In October 2020, FF announced that it had obtained a total of $45 million in creditor's rightsfinancing loans from two financial institutions. 2021 1 On 26th, it was reported that Geely Holding stated that it would invest 30 million to 40 million US dollars in FF. In addition, the two parties will also cooperate in engineering technology and capacity OEM. And Zhuhai State-owned Assets also plans to invest 2 billion yuan in FF, and will provide support policies for FF to build production bases.
FF global CEO Bi Fukang once said that with these financial support, FF will complete the mass production of FF 91 as soon as possible. Moreover, FF also said that it has entered the Chinese market.
On March 17, 2021, FF’s official Weibo stated that Chen Xuefeng was appointed CEO of FF China and reported directly to FF Global CEO Bi Fukang. The generosity of
capital has made Jia Yueting see hope again! However, the punishment from the domestic regulatory authorities poured cold water on Jia Yueting.
Due to a number of crimes involving fraud, on April 12, 2021, the Beijing Securities Regulatory Bureau imposed a fine of 240.6 million yuan on LeTV and 241.2 million yuan on Jia Yueting. At the same time, in view of Jia Yueting's serious violations, on April 13, the China Securities Regulatory Commission decided to ban Jia Yueting from entering the securities market for life.
Considering the inextricable relationship between Jia Yueting and FF, the heavy fine this time will inevitably have a negative impact on FF's reputation.Right now, FF is at the juncture of listing. Jia Yueting has been reckoned by the regulatory authorities after the fall of , which may delay the listing process.
Sankei observer Major General Ding once publicly stated that this punishment will still have some impact on FF. After all, Jia Yueting is the core manager of LeTV and FF today. At present, unless Jia Yueting completely withdraws from FF, FF can succeed at home and abroad, and Jia Yueting's debt problem may be fundamentally solved.
For FF, when will it be listed, and when Jia Yueting will return to China, it will be verified by time. However, regarding the news about the meeting between FF91 and consumers, are you willing to trust Jia Yueting again?
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