10 June 15, Faraday? In the future, Faraday Future (hereinafter referred to as FF) announced that it had obtained debt financing loans of up to 45 million US dollars (more than 300 million yuan) provided by two major financial institutions in the United States.
For FF at this stage, this $45 million bond financing is not only a valuable "life-saving money", but also a positive development signal.
More than just financing, FF CEO Bi Fukang said at the beginning of the month that the company is preparing to go public and plans to land on Nasdaq or NYSE.
With financing, promoting listing, but always staying at the "story" level? FF？ 9 1 seems to be coming true.
And a few years later, Jia Yueting returned to China, which seemed to have another "hope".
The mass production of 1 and FF9 1 is Jia Yueting's "medicine for prolonging life".
For the new forces making cars, the first goal of financing is mass production. However, the mass production slogan of FF has been shouted for two or three years.
In the latest production plan of FF, FF? 9 1 will start mass production about 9 months after the successful delivery of equity financing.
According to "insiders", from the product level, FF? The product maturity of 9 1 is infinitely close to the mass production level. Many pre-production cars have been off the assembly line, and the latest pre-production cars are also being manufactured.
"The $45 million debt financing should be a timely help for FF, which can push the pace of its mass production forward. If other funds enter later, it should be possible to achieve the process of mass production. " Cui Dongshu, Secretary General of the Federation, said frankly.
Although some outsiders believe that obtaining this financing means that the mass production of FF is just around the corner.
However, Kung Fu Automobile believes that $45 million only solves the short-term cash flow problem of FF to some extent.
Judging from the public information, FF has invested one billion dollars so far.
At the end of last year, FF said it needed another $850 million for mass production. Therefore, the role of this $45 million for FF to promote mass production should be very limited.
Whether the follow-up IPO can be successful, Kung Fu Auto thinks it is more critical for FF.
2. "Jia Yueting Baggage" on 2.FF
Ironically, it is currently blocked in FF? Perhaps the biggest obstacle before success is Jia Yueting.
In fact, FF CEO Bi Fukang once admitted that Jia Yueting's shareholding "discouraged" many investors.
Even though Jia Yueting no longer holds shares in the company, some investors still don't trust FF because of the "black history" of burning $2 billion during his administration.
Last year 9? In June, in order not to drag down the progress of FF financing, Jia Yueting resigned as CEO, leaving only the post of Chief Product Officer.
In the official press release of FF, Jia Yueting wrote: "I gave up everything just to release FF? Make it, completely repay the remaining secured debts as soon as possible, and realize the dream of automobile industry transformation. "
Take over as CEO? Bi Fukang has repeatedly shelved contact with Jia Yueting in public, reiterating that Jia Yueting no longer holds FF shares, and more than half of FF shares are held by employees through executive cooperation and employee stock ownership plan.
In fact, Jia Yueting's second curtain call, even retreating behind the scenes, also shows that FF has made great efforts to "de-Jia Yueting" in organizational structure.
But everyone knows that the word "Jia Yueting" involves many influences and criticisms, and it is a burden that FF can't get rid of.
Perhaps this is the same dilemma that FF and Jia Yueting will face in the future.
After all, the organizational structure of a company can be "de-Jia Yueting", but the "whitewashing" of its credibility will not happen overnight.
Step 3 write it at the end
In fact, according to Bi Fukang, Kung Fu Automobile pessimistically believes that Jia Yueting will never return to China.
Because in the current FF situation, the possibility of success is "minimal".
To take a step back, even if FF9 1 starts mass production delivery, it does not mean that FF is successful. Behind this, at least it must be sold to lay the foundation for the success of FF.
The symbol of FF's real success lies in that it has achieved the established listing goal by selling many mass-produced models such as FF9 1 and FF8 1.
At this year's Beijing Auto Show, FF? 9 1' s "twin brother" Gao he HiPhi? X has successfully entered the market, and both product positioning and design selling points are related to FF. 9 1 has too many similarities.
From now on, high-altitude HiPhi? X didn't send too good news.
Therefore, whether it is mass production or the market after mass production, FF also faces many bumps.
This article comes from car home, the author of the car manufacturer, and does not represent car home's position.