So can Jia Yueting make a comeback? Can Jobs, who will return to China next week, come back next week? Recently, it was reported that Zhuhai state-owned assets invested 2 billion yuan in FF, and Gree and Fahua Group participated in the investment; Is it possible for Jia Yueting to return to China?
Some networks broke the news that in the latest round of financing of FF (Faraday Future), Zhuhai state-owned assets participated in the investment of 2 billion yuan; Gree Group and Fahua Group, two leading state-owned enterprises in Zhuhai, joined hands to participate in this investment, but the investment amount was less than 2 billion yuan.
Many people have commented; Jabs, come back, the money is ready, just waiting for your car, the first world war!
Although Geely and Faraday in the future (hereinafter referred to as? FF？ ) has not been officially confirmed, but both sides? No comment on market rumors? Let's consistent response? FF is about to return to China? The news is rampant.
65438+1On October 27th, a person familiar with the matter revealed that in the latest round of FF financing, Zhuhai state-owned assets participated in the investment of 2 billion yuan, while two leading state-owned enterprises in Zhuhai? Gree Group and Fahua Group? Joined hands with this investment, but the investment amount is less than 2 billion yuan.
Later, it was reported that relevant departments in Zhuhai were negotiating FF financing and landing cooperation with Faraday in the future. Faraday will register a new company in Hengqin New District in the future, and will land in the form of a joint venture company in the future. At present, Zhuhai has stepped up all preparations for the construction of post-investment production bases. After the Spring Festival, the speed of cooperation between all parties will be further accelerated.
In addition, the news pointed out that FF will establish a production base in Zhuhai after its backdoor listing in the United States, and Geely will lead the production and manufacturing of FF products as a partner.
According to the news, if it can successfully land in Zhuhai this time, FF 9 1 is expected to achieve mass production in the second half of 2022.
Can Jia Yueting make a comeback?
Anything is possible. ? 654381On October 27th, an investor familiar with the automobile industry told reporters. Last year, Jia Yueting completed personal bankruptcy reorganization, in order to eliminate the financing problem of FF and promote the return of FF 9 1 to China for mass production. Now that the bankruptcy reorganization is completed, it is expected that Jia Yueting will return to China to seek financing. ?
In fact, since the financial crisis of 20 17 LeTV broke out, Jia Yueting, as the actual controller of FF, has indeed brought many obstacles to the financing of FF, especially in the China market, and Jia Yueting's personal credit has already gone bankrupt. Financing difficulty has always been the main problem of FF 9 1 mass production.
It is understood that since the first pre-production car of FF 9 1 rolled off the assembly line at the end of August 20 18, the mass production time of FF 9 1 has been postponed repeatedly since 20 19.
In order to open up financing channels at home and abroad, in 20 19, Jia Yueting formally proposed personal bankruptcy reorganization, resigned as CEO and transferred to CPUO (Chief Product and User Officer), welcoming BMW? Father of i8? Bi Fukang became the CEO of FF.
The implementation of the personal bankruptcy reorganization plan will release Jia Yueting's personal guarantee obligations and debts, so that he can return to China to promote and implement FF's dual home strategy, which is of great benefit to FF's successful financing and future IPO, especially to the rapid development of FF's business in China. ? Earlier, the Jia Yueting Debt Handling Group said.
Jia Yueting has been looking for opportunities to return to the China market and promote the dual battlefield strategy between China and the United States since it was built in the United States.
20 18 joined hands with Evergrande, and after a quick breakup, Jia Yueting filed for personal bankruptcy and reorganization on 20 19, pushing the FF 9 1 mass production plan back to China. Jia Yueting believes that if FF 9 1 is mass-produced in China and the United States, it will be expected to achieve a substantial reduction in costs, and there will be huge market potential in China, the world's largest automobile market.
With the completion of personal bankruptcy reorganization in Jia Yueting in July 2020, FF seems to be turning a profit.
At the beginning of last year 10, FF reported that it would prepare for overseas special purpose acquisition (special purpose acquisition) of American IPO. On June 4th, last year 10, FF claimed to have obtained a debt financing loan of up to US$ 45 million (more than RMB 300 million) provided by two major financial institutions in the United States. The loan will be used to support the final debugging of its flagship electric vehicle FF 9 1 project and the next research and development of FF 8 1.
Doing FF with all FF partners and returning to China to promote the dual main battlefield strategy between China and the United States is still my core mission in the next stage of my life. ? Jia Yueting once said.
It is noteworthy that on February 22nd last year, 12, Jia Yueting Debt Group announced that the second batch of creditors' default agreements had been signed, involving an amount of $228 1 billion. This non-compliance agreement involves eight creditors applying to the court to remove Jia Yueting from the list or delete him as a double-limit or untrustworthy executor.
The recent enthusiasm of the capital market for new energy vehicles is also an opportunity for FF. If FF can successfully go public in the U.S., Jia Yueting may be able to turn over. ? The aforementioned investors said.
According to media reports, FF will submit the listing materials of the special purpose acquisition company as soon as two weeks later, and domestic financing matters are expected to be announced at that time.
It is worth noting that in the past year, the performance of new car manufacturers in the capital market is obvious to all. Tesla's share price has risen sevenfold in a year; Weilai fell from 20 19 to less than $2, an increase of 35 times a year; Even Tucki and Ideals, who have just landed in the US stock market for less than a year, have risen by 102% and 75% respectively.
202 1 continues this trend. By the close of 65438+1October 26th, Tesla's market value had reached 837 1 billion dollars. The ideal market values of Weilai, Tucki and Shenzhen are 94.2 billion US dollars, 42.3 billion US dollars and 29.2 billion US dollars respectively. This also means that only four new car manufacturers have created a market value of nearly one trillion dollars. Among the traditional car companies, Toyota, the world's number one seller, has a total market value of only $238.2 billion.
And the Hefei municipal government, which is betting on baby Willis, is also called by the industry? The best venture capital? .
The news of holding hands with Zhuhai's state-owned assets also gave Jia Yueting and FF unlimited imagination.
Does Zhuhai need FF?
Before the news that Zhuhai state-owned shares in FF came out, it was reported that FF had established a new company in Hengqin, Zhuhai? Fafa Automobile (Zhuhai) Co., Ltd. (hereinafter referred to as? FF Zhuhai Company? )。
Kai Xinbao shows that FF Zhuhai Company was formally established on June 65438+February 65438+April 2020, with a registered capital of US$ 250 million, and 100% of the shares are held by FF Hong Kong Holdings Limited. The company is Jia and concurrently serves as the supervisor of LeTV Eco-car (Zhejiang) Co., Ltd. ..
The business scope of the company includes: sales of new energy vehicles; Sales of new energy vehicle production test equipment; Research and development of auto parts; Sales of new energy automobile electrical accessories; Electric vehicle charging infrastructure operation; Software development; Application system integration service in artificial intelligence industry; Intelligent vehicle equipment manufacturing, etc.
This is also considered by the industry as a prelude to FF's settlement in Zhuhai.
The arrival of FF has also been interpreted by the industry as? Promote the gathering of high-level talents in Zhuhai automobile industry, speed up the circulation of industrial capital, speed up the improvement of industrial chain, and promote the development of Zhuhai new energy automobile industry. ?
In fact, as an important automobile manufacturing base in China, Zhuhai has been vigorously laying out the new energy automobile industry.
As early as 10 years ago, Zhuhai issued the Development Plan of New Energy Automobile Industry in Zhuhai (20 1 1-2020) (hereinafter referred to as? Planning? ) It is pointed out that Zhuhai has vigorously developed emerging industries, actively introduced new energy vehicles and their upstream and downstream enterprises, and emerged Yintong New Energy Co., Ltd. and other enterprises with good development prospects. The industrial chain from vehicle manufacturing to key components such as batteries, motors, electronic control and charging equipment has initially taken shape. According to preliminary statistics, there are more than 10 new energy automobile enterprises in Zhuhai, with a total industrial output value of 527 million yuan in 2009.
According to the plan, by 20 15 years, Zhuhai will realize the industrial scale of new energy vehicles of more than 10 billion yuan, and become an excellent city in the province for the promotion and application of new energy vehicles. By 2020, the scale of the new energy vehicle industry will reach more than 80 billion yuan, and an important production base of new energy vehicles in the province and an important production base of key parts of new energy vehicles in the country will be built, making it an excellent city for the promotion and application demonstration of new energy vehicles in China.
20 10 the first batch of 20 pure electric buses in Zhuhai were put into operation on two bus lines, which was the first commercial operation of pure electric buses in Guangdong province.
20 16 Dong Mingzhu's investment has made Zhuhai Yinlong, which has been unknown for a long time, widely concerned. In the same year, ZTE, a traditional mobile phone equipment manufacturer, acquired Zhuhai Guangtong Bus and established ZTE Smart Car Co., Ltd. to enter the field of new energy vehicles. 20 19 1 1 year, Zhuhai Jinwan Zhongxing Smart Car Base was completed and put into operation, with an annual output of 5,000 large and medium-sized buses/class.
Pearl River Jinwan District, which owns Yinlong New Energy and ZTE Smart Car, was rated as? Guangdong strategic emerging industry new energy automobile industry base? The products mainly include new energy vehicles (pure electric vehicles, hybrid vehicles, LNG vehicles, etc.). ) key components such as vehicle production, power battery, motor and electronic control.
It is worth noting that Yinlong New Energy and ZTE Smart Cars mainly exert their efforts in the field of electric buses, while Zhuhai's performance in the field of new energy passenger cars is weak.
And since the end of 20 18, the two major shareholders, Dong Mingzhu and Wei Yincang? Guilt? , but also let Zhuhai Yinlong gradually internal friction? Left behind? .
During this period, Shanghai introduced Tesla, invested in Weimar and built its own brand. After the introduction of Weilai, Hefei invested in zero-run, and the layout of Zhuhai in the field of new energy passenger cars was almost blank.
In order to speed up the automobile industry cluster, Zhuhai has increased its investment in related industries in recent two years.
According to public information, Zhuhai state-owned enterprises have added more than 200 industrial investment projects in the past two years, involving an investment of more than 20 billion yuan. More than 200 enterprises have been recommended for all levels and departments in Zhuhai, and more than 60 high-tech enterprises have signed contracts or settled down. In terms of strategic investment, Zhuhai state-owned enterprises have become the largest shareholders of eight listed companies (six holding and consolidated listed companies) through investment and mergers and acquisitions, with a total market value of about 50 billion yuan, and privatized companies 1 company.
In May 2020, the Opinions of the People's Government of Guangdong Province on Cultivating and Developing Strategic Pillar Industrial Clusters and Strategic Emerging Industrial Clusters clearly stated that we should adhere to the common development of traditional and new energy vehicles, promote new energy and intelligent networked vehicles, expand the proportion of high-end vehicles and increase the proportion of new energy vehicles. Optimize the regional layout of automobile industry focusing on Guangzhou, Shenzhen, Zhuhai, Foshan and Zhaoqing, and build an automobile industry cluster with international influence.
At present, Zhuhai is accelerating the cultivation of five billion-level industrial clusters focusing on integrated circuits, biomedicine, new materials, new energy and high-end printing equipment.
In the industry's view, FF, which is still a long way from mass production, has a number of technical patents, especially in the core technologies, software, artificial intelligence and Internet of electric vehicles. If it goes well, it may make up for Zhuhai's shortcomings in the field of high-end new energy passenger cars.
Jia Yueting's reputation in China has not fully recovered. Is FF still related to Evergrande? Litigation? Criminal record. ? Some insiders worry that the risk of cooperation with FF is uncontrollable.
It is worth noting that FF is currently promoting the relevant testing work of pre-production vehicles. On February 9, last year at 65438, FF said on his social media account:? Another pre-production car is completed, and will join the test team to test on the road, and continue to promote the FF 9 1 mass production plan. ?