According to the news exposed in February of 65438, Faraday Future (FF) established a new company in Zhuhai, named Fafa Automobile (Zhuhai) Co., Ltd., with a registered capital of 250 million US dollars. Its business scope includes new energy vehicle sales, new energy vehicle production and test equipment sales, and intelligent vehicle equipment manufacturing.
Previously, FF completed a bridge financing loan of US$ 45 million in June 65438+ 10 this year, which will be used to support its flagship electric vehicle FF 9 1? (? Parameters? |? Inquiry? |? Pictures? )? The final production of the project, as well as the mass market-oriented research and development of FF 8 1, is related to the establishment of a new company in China or the mass production plan of FF 9 1 in China.
According to informed sources, due to financial difficulties, the mass production delivery plan of FF 9 1 originally scheduled to be completed in the middle of last year was shelved, and the IPO plan was also postponed. However, FF has been working hard to speed up product development, and many pre-production cars have gone offline.
At present, the speed of FF seeking a new round of financing in China is accelerating. In addition to Zhuhai's state-owned assets, Geely Group has expressed a clear investment intention, which may be between 30 million and 40 million US dollars. Evergrande Group also participated in the financing negotiation.
Earlier, some foreign media reported that FF was seeking to acquire a company to be listed on the US stock market through special purpose, which was relatively fast. Now the platform can raise funds, and then acquire physical commercial companies, so as to finally go public. FF may submit the listing materials of special purpose acquisition companies in the past two weeks, and more financing materials will be exposed at that time.