Recently, FF, which has been experiencing sluggish development, finally received some good news. It is reported that on the morning of March 4, FF announced a strategic agreement with an American company called US Hybrid Corporation. According to the agreement, FF will provide power assembly systems for new energy products being developed by US Hybrid Corporation.
FF started to "make money" by relying on technology output!
According to data, US Hybrid Corporation was established in 1999 and mainly provides zero-emission powertrain solutions for medium/heavy municipal vehicles, commercial trucks or special vehicles (that is, non-passenger vehicles) . This time, FF may become a "parts supplier" of US Hybrid Corporation.
In order to build cars, Jia Yueting brought down LeTV, gave up everything in China and went to the United States to build FF. Since its establishment, FF has been favored by many capital tycoons, including Xu Jiayin, who claims to build the world's largest automobile group. It can be seen that FF has unusual strength in technology. Being able to become a "parts supplier" for local American car companies this time has once again proved its technical reserves.
As early as 2018, 380 of FF’s patented technologies were approved, and the total number of others exceeded 1,500. At that time, it far surpassed Xpeng and NIO in the industry. And it is said that Evergrande dragged the FF91 to Germany for a month of testing before investing in FF. The most outstanding thing about the FF91 is the power system. The maximum power is 783 kilowatts/1050 horsepower. It accelerates to 60 miles in only 2.39 seconds. This is even More than Tesla MODEL?X. In addition, in terms of power batteries, the lithium battery produced by Faraday Future in cooperation with LG was said to have reached the highest energy density in the world at that time, with a range of up to 700KM, which was comparable to that of fuel vehicles.
As for FF becoming a supplier to American car companies this time, FF global CEO Breitfeld Breitfeld said that the cooperation between the two parties will be the first step for FF's technology and products to embrace the market. It is not difficult to see from Breitfeld's "subtext" that through technological output, FF has been able to achieve a certain level of "making money". But judging from the actual situation, FF still needs to solve its financing and product delivery issues as soon as possible.
Is the mass production of FF?91 still in the clouds?
Compared with FF becoming a parts supplier, I believe everyone is more concerned about when FF?91 can be mass-produced.
A few days ago, Jia Yueting’s debt management team issued a statement stating that Jia Yueting, the controller of FF, has officially submitted a list of core terms of the bankruptcy reorganization plan to the Central District Court of California. This move will remove the biggest obstacle for FF to develop its business in China and global equity financing. In other words, FF's subsequent financing capacity is expected to improve, so the mass production of FF?91 is not far away.
Britt Fukang also said that FF’s current capital needs have dropped from US$2 billion to US$850 million. Within 9 months after financing is in place, FF?91 can achieve mass production and delivery. The second model The product FF?81, as well as future models and next-generation core technology development can also be prepared accordingly, and FF will achieve an IPO within 12-15 months after the completion of financing.
Editor's Note
FF's first step in technology output may bring new vitality to this ill-fated car company. However, for now, financing is still the biggest problem for FF’s follow-up. Therefore, whether Jia Yueting can turn around depends on future development.
This article comes from the author of Autohome Chejiahao and does not represent the views and positions of Autohome.