Recently, there have been two more interesting things in the automotive industry. First, Jia Yueting has gained control of FF, kicking off the original chairman of FF Faraday and the previous chairman from the board of directors, and also raised US$100 million by the way. FF91 mass production is one step closer.
The second thing is that Xu Jiayin Hengchi 5 was finally mass-produced in September, and the official said it will be delivered in October.
And behind these two things, there is also a certain correlation, because Jia Yueting and the founder team are able to regain control, which is inseparable from Xu Jiayin's support.
is the Hong Kong Shiying Company (the second largest shareholder of FF) controlled by Xu Jiayin. It sent two letters to the board of directors of Faraday Future (FF company), which prompted the convening of the shareholders' meeting, and finally Jia Yueting took office again.
In fact, in the past few years, Xu Jiayin and Jia Yueting have been entangled because of new energy vehicles. At first, Xu Jiayin invested in Jia Yueting, but later he had a stumble, and Xu Jiayin became Jia Yueting's investor.
After FF went public, Shiying Company, a subsidiary of Xu Jiayin, became the second largest shareholder of FF.
Xu Jiayin later went to build a car by himself, and took out more than 40 billion real money, "buy, buy, buy, buy, get together, circle, circle, big, good, good."
I thought that Xu Jiayin would slap Jia Yueting in the face hard, and use his "money ability" to quickly create Hengchi Automobile , which made Jia Yueting regret it and made Jia Yueting "envious, jealous and hatred".
Unexpectedly, before the car was built, Xu Jiayin's Evergrande Group exploded, and the 2 trillion yuan debt was suppressed, and new energy vehicles became the last life-saving straw.
Under the debt of 2 trillion yuan, Hengchi Auto's mass production is also like FF91, which is constantly delayed and is becoming less and less favorable...
The current situation is that Evergrande Group behind Xu Jiayin is still in debt of 2 trillion yuan. However, Hengchi 5 has been mass-produced and is said to be delivered in October, but everyone is not particularly optimistic, and they also feel that even if it is delivered, it may not be able to solve the debt problem.
. Jia Yueting previously said that he owed 12.2 billion yuan in debt. Later, through a slaughter, most of these liabilities became FF shares, but Jia Yueting still could not return to China. It is estimated that he would have to wait for FF91 to mass production, and then after FF succeeded, the debt problem would be solved.
Now it depends on whether Boss Xu, who is in debt of 2 trillion yuan, is turning back faster, or Jia Yueting, who is in debt of 12.2 billion yuan, can turn back faster, which will take time to prove.
