However, after the news was sent, it failed to attract the attention of the outside world to FF. Because for Jia Yueting and FF who have faded out of people's sight, maybe they are still alive, which is much more important than what they are still doing. After all, public opinion has long tacitly thought that FF is "dead", but it is still "not dead".
From building a car to being a technology supplier, Jia Yueting and Bi Fukang want to use their 2,000 technology patents and a fairly good product to find a commercial landing plan. Just like last September, FCA CEO Manley (Mike? Manley) also talked with Jia Yueting about the technical supply of FF for a long time. Although the negotiation results are not satisfactory, it also proves that FF still has a certain "residual value charm".
Why does FF suddenly want to be a supplier? What is the motivation for this behavior? What's good for Jia Yueting? For FF, it's time to find out the answers to these questions.
1
In five years, 654.38 billion+00.8 billion won 2,000 patents.
If you open Wikipedia, Faraday's search result is simple and clear: "It is an American entrepreneurial technology company focusing on the future research and development of electric vehicles, headquartered in Los Angeles". More importantly, this is a project supported by China Capital and also run by China Capital.
In the eyes of many capitalists, you can understand that "all the leeks in China were cut" before FF, and they were cut one by one. According to official information, FF has gone through three rounds of important financing. The first wave came from letv (20 14-20 15), the second wave came from Jia Yueting (20 17) and the third wave came from Xu Jiayin (20 18). From the opening of FF to today, the expenditure of FF has reached/kloc-0.08 billion, and it is "USD".
What did the $654.38+008 billion get? According to relevant reports, the number of production cars of FF9 1 is no more than 5. In addition to these five cars, FF has privately "stolen" many experienced people from Apple, Tesla, Space Exploration Technology Company and many well-known car companies. However, some of these talents helped Jia Yueting, and some deceived him. Even those who left him described Jia Yueting's management of enterprises as too extensive.
In terms of specific investment, FF did not give a more specific expenditure destination, only said that it spent $654.38+$03.2 million to purchase factory land and $300 million related infrastructure. Therefore, it is taken for granted that most of FF's funds are attributed to hiring employees and developing technology.
Bird's-eye view of American factories
According to one data, FF has applied for 2000 patents, obtained 300 Chinese and American Internet smart electric vehicle patents, and obtained 43 patents from the US Patent Office. Among them, the most famous are the large load power output technology and ladder inverter. Because of this technology, FF has also become the first company in the world to obtain a patent for inverter in the United States. In China, according to the data of the Intellectual Property Office, FF is still the automobile enterprise with the most patents in China.
A detailed understanding of FF's patent application categories shows that FF's patents completely cover three electric systems, autonomous driving, car networking, manufacturing and other fields. Therefore, some people say that FF is the company with the richest accumulation of automobile patent technology.
Even Xu Jiayin once praised FF9 1 for having more than 30 intelligent sensors and intelligent lifting 3D lidar, as well as advanced technologies such as unmanned automatic parking, facial recognition technology and seamless access control system. In Evergrande's eyes, FF? 9 1 has built an intelligent interconnected ecosystem, with as many as 10 super-large screen and light-speed network portals to open up in-car entertainment, content and cloud services.
Just the FF released before? According to the battery information of 9 1, this battery pack produced in cooperation with LG has reached 130kWh, which is by far the largest battery pack capacity in the world, with a cruising range of over 700km, surpassing all mass-produced electric vehicles currently on sale and even exceeding the cruising range of most fuel vehicles. Although this is only a declaration of data and official communication, it does not affect the affirmation of Hurun Research Institute. In September of 20 19, FF, Uber and Raffles were respectively ranked in the top three of "Top Ten Technology Startups in California in 20 19".
These data may reflect the logic of why FF has transformed into a comprehensive engineering solution provider. Because FF knows what can't be done and what can be done But FF may be clearer now. If we continue to simply look at our own vehicle output, these advantages will become smaller and smaller.
2
Business interaction with American hybrid companies?
If FF's decision as a supplier is an alternative to the failure of building a car, it would be a big mistake. Because the idea of being a supplier is really not given by FF himself.
Just on March 3 this year, FF announced a high-profile cooperation with US hybrid company? Mixed strategic cooperation. Around the content of cooperation, the two sides also described it clearly, that is, in us? Hybrid is currently using FF's powertrain system to develop new energy products. Although the company does not have its own mass production products and plans, FF is still convinced that this cooperation agreement will be an example of the company's comprehensive products and technologies embracing new market opportunities.
The two sides even hope that the cooperative development of electric vehicle solutions will probably support California's goal of achieving zero emissions of commercial vehicles. The two companies will also work together to innovate solutions to expand FF's leading technology for passenger cars to commercial vehicle applications.
It is this kind of cooperation that brings unexpected surprises. Less than a week after signing the contract, as a shareholder of USHybrid, the first FaradayFuture concept stock in China, Jiangsu Dewei New Materials responded to the daily limit, with four daily limit. FF said on the official social platform: "I am excited about the benefits of partner shareholders."
This windfall has enabled FF to find a new way to incite capital again, and this so-called "commercial leverage" can just explore the new value of FF. As for who can leverage? How much value can it shake? It's hard to say now, but FF realized that the first thing to do is to open a bridge of cooperation and communication with the outside world and reappear as a supplier, which has become a new way for FF to redeem itself.
Careful people may find that FF's description of what he can supply is interesting when playing the role of supplier. It can even be said that FF lists the most elusive links in the automotive field, because it combines the Internet, entertainment and information technology, creating a third Internet living space, allowing users to bring their experiences at home, office or mobile phone into the car. From the perspective of FF, the same technology can even be applied to enhance a whole set of logistics solutions.
three
Money may have a way, FF.
Why is FF so eager to become a supplier? This may be inextricably linked with Jia Yueting's personal thoughts. As FF experienced the biggest personnel change since its establishment in September last year, its founder Jia Yueting stepped down as CEO to replace CPUO (Chief Product and User Officer), and Dr. Bi Fukang, known as "the father of BMW i8", officially took over and became the global CEO of FF.
Dr. Bi Fukang, CEO of FF Global
A simple understanding is that the "glorious mission" of Jia Yueting's personal debt bankruptcy reorganization, leaving FF, no longer owning any equity in FF, and continuing to look for money, and mass-producing and delivering FF9 1 has been given to Bi Fukang.
Bi Fukang is well aware of his situation. In order to enhance confidence, he announced a good news to the outside world, that is, after the handover, China local governments and equity investors and other institutions have contacted FF to discuss equity financing and the plan of landing in China. Although FF related people said that these are still in contact and have not yet entered the substantive stage, Bi Fukang also indirectly confirmed that China capital is still the biggest demand of FF at present.
According to a previous report, the current funding requirement of FF has dropped from $2 billion to $850 million. According to the plan, if the financing is in place, FF's first electric vehicle FF9 1 can be delivered in mass production within 9 months. Even within 12 to 15 months after the completion of financing, the company may realize IPO. This can be understood as FF seems to have money, although it is clear to the outside world that as long as there is money, the whole industry of new energy vehicles may have a delay.
Jia Yueting was at the press conference of FF9 1
On the other hand, on March 19 this year, Jia Yueting's bankruptcy reorganization disclosure statement and the motion to apply for a loan from the asset debtor were approved by the Central District Court of California. At the same time, the California court also rejected the motion of Shanghai Lazy Finance to dismiss the bankruptcy reorganization case. In other words, Jia Yueting's bankruptcy reorganization plan can start the creditor voting process.
Bi Fukang blessed Jia Yueting.
Once the plan is supported by creditors and approved by the court, Jia Yueting's bankruptcy reorganization plan can take effect immediately. However, only after the bankruptcy and reorganization of Jia Yueting and the final success of FF can Gan Wei be repaid together with all creditors. Therefore, the success of FF has become the last ray of light for Jia Yueting to look forward to the future.
According to media reports, if the case is handled smoothly, Jia Yueting may return to China in the near future. Once the news is true, FF's current income will be the greatest confidence he brought to creditors before returning to China.
This article comes from car home, the author of the car manufacturer, and does not represent car home's position.