Share with friends and circle of friends with wechat scan QR code < / P > < p > < / P > < p > 21 Financial app special reporter, Fang Shanshan reports from Silicon Valley < / P > < p > Faraday future (FF) company founded by Jia Yueting, to < a target = "_ blank" href=" https://news.163.com/news/search?keyword=%E4%B8%8A%E5%B8%82 "> is it listed? < / P > < p > FF was founded by Jia Yueting, the former founder of LETV group, in California in May 2014. After Jia Yueting filed for personal bankruptcy and debt restructuring, Carsten breitfeld, who was once the head of BMW's new energy vehicle project I8, became the Global CEO of FF. It was announced that FF was listed through "Special Purpose Acquisition" (SPAC) last year, and announced on March 26 that it won a new round of debt < a > of $100 million target="_ blank" href=" https://news.163.com/news/search?keyword=%E8%9E%8D%E8%B5%84 "> financing < / a >. FF's funding gap looks likely to be "eased.". < / P > < p > can FF achieve mass production smoothly? What role does Jia Yueting play? < / P > < p > in the afternoon of April 7, US Eastern time, property solutions, the "shell party" of special purpose acquisition, jointly held an online explanation meeting for investors and M & A. < / P > < p > from the point of view of the registration method, there is no restriction on the crowd to participate in the instruction meeting, as long as you submit your name and email, you can complete the registration. < / P > < p > 21 the reporter participated in the whole briefing and found that it is clear that the "special purpose M & a" of both sides has not been completed and is still waiting for the approval of the securities and Exchange Commission (SEC), which means that FF has not been listed. During the 1-hour explanation meeting, in addition to < a target = "_ blank" href=" https://news.163.com/news/search?keyword=PPT "> ppt < / a > except for Jia Yueting, the founder, FF Global CEO & nbsp; Carsten breitfeld did not mention the word" Jia Yueting "in the explanation and Q & a session. < / P > < p > Jia Yueting resigned as the CEO of FF in 2019 and became the chief product and user ecosystem director of FF. Its latest social media story is about FF's $100 million debt financing. < / P > < p > < b > it is expected that Q2 will be listed, and the feasibility will be proved before subsequent financing < / b > < / P > < p > as early as last July, property solutions has submitted an application for merger with FF, but there is no update so far. < / P > < p > at the briefing meeting, 21 reporters put forward a further estimate of the specific time for the merger and listing in the Q & a session. Faraday's future CFO ZVI Glasman did not give a clear answer to this, but only stressed that it would be completed in the second quarter of this year. Compared with the current public information, there is no update. < / P > < p > in fact, this is not the first investor briefing meeting held since FF was listed in SPAC. < / P > < p > on January 28, this year, FF held an investor conference call to discuss the proposed merger with detailed investor introduction. On the same day, FF disclosed in the "investor statement" on its official website that the boards of directors of property solutions and FF reached an agreement on "merger reverse listing". < / P > < p > compared with the guests who participated in the explanation meeting at the end of January, the number of guests who participated in this meeting has decreased. Only Aaron Feldman, CEO of property solutions, CEO and CFO of FF, and Prashant Gulati, global partner and head of strategy of FF, who was on the guest list, did not attend. < / P > < p > is it related to investors' confidence in merger and listing that the explanation meeting is held again less than three months later? Property solutions filed an application with the SEC in March 2020, planning to issue 20 million shares at a price of $10 to raise $200 million, and start trading in July (Stock Code: psacu). < / P > < p > from the trading history of the stock, it can be seen that on February 1, after announcing that it hopes to merge with FF and go public, it reached the high of $20.75 since the issuance, and then fell back to $14.99/share at present. < / P > < p > if the approval of SEC can be passed in the second quarter, what will it bring to FF? In his opening speech on the same day, Aaron Feldman said that when the two sides complete the business merger in the second quarter of 2021, the company is expected to have more than $725 million in cash, which will fully fund the production of FF's flagship model ff91 and allow the development of other models. < / P > < p > however, is one listing enough to provide enough capital? < / P > < p > during the Q & a session, when the moderator asked the CEO of property solutions what he expected from the follow-up capital of the capital intensive behavior of car manufacturing, Aaron said that the first thing to be expected is that in the next 12 months, it will cost up to $377 million to maintain the operation of the factory in Hanford, California, and other costs such as testing, verification and certification. < / P > < p > "once we prove our executive ability and people experience the car, the cost of capital will drop dramatically. Our plan is to prove the model again, and then raise more money in the next few years. " Aaron said. < / P > < p > < b > China market plan? Discuss cooperation with first tier cities and Geely Automobile < / b > < / P > < p > as a company with Chinese founder gene, FF CEO Carsten breitfeld did not avoid the topic of Chinese market at the briefing. He pointed out that FF is "rooted in China" and also faces the two major markets of the United States and China. This is the great difference between FF and other competitors of the same type, and also the advantage of FF. At the investor briefing at the end of January this year, FF official disclosed that it is exploring the possibility of increasing mass production capacity in China through joint ventures. So, what's new? < p > < p > in Carsten's sharing, the details about the Chinese market include: forming a joint venture with China's first tier cities and Geely Automobile, local governments providing about 2000 mu of land for the joint venture, and tax incentives. From the icon, the location of the first tier city is located in Guangdong Province. < / P > < p > this is not much different from the previously disclosed information. Carsten said that she would like to receive further questions on China's international strategy. The reporter asked whether Jia's influence in China would affect FF's China market development plan, but he was not selected. < / P > < p > "if you want to succeed in China, you have to make it in China. That's why we are now discussing joint venture in China. " "We hope to sign a framework agreement with the local government of China, Geely (auto), to realize real cooperation and technical and engineering support," Carsten said
同时,Carsten也提到,探讨使用吉利汽车代工(OEM)的可能性,“这将给我们提供一个额外的产能,除了加州和韩国工厂之外,提高生?
2023-03-22 10:04:31