An official from North Las Vegas, Nevada, recently revealed to Reuters that the size of the Nevada automobile manufacturing plant built by Faraday Future (hereinafter referred to as "FF") will be significantly reduced under the original plan. Shrinking: The factory originally planned to occupy 3 million square feet (about 278,000 square meters) of land will be reduced to 650,000 square feet (about 60,000 square meters). Accordingly, the annual production capacity of the plant will also be 100,000 units. Reduced to 10,000 vehicles.
Last month, at the CES show in Las Vegas, LeTV strategic partner FF just released its first production model, the FF91, and announced that the new car will be mass-produced in 2018. However, behind the launch of the first production car with FF's infinite scenery, it is a financial dilemma that cannot be concealed.
As early as last October, foreign media reported that Faraday's future contract for the construction of the project construction project contractor nearly $46 million, resulting in the Nevada plant into a shutdown, the news of the shutdown was confirmed by the factory contractor AECOM. LeTV's response to the shutdown was: FF Nevada factory has never stopped working, has successfully completed the first phase of construction, and will enter the second phase of construction in February next year.
However, the storm did not calm down. Since then, news about Faraday's future financial crisis has continued to spread.
On December 16, last year, according to the latest news from BuzzFeed, a well-known news aggregation website in the United States, FF was brought to court by its supplier Futuris, saying that its arrears exceeded $10 million, including nearly $7 million in arrears. Has been overdue for more than 30 days. In addition, another real estate agent from California, Beim Maple ProperTIes, also sued Faraday for owing $10,4950.5. The media quoted FF insiders as saying that there were at least $300 million in debt on FF's books, mainly from payments to major suppliers and retailers.
After the high-profile launch of the new car, there was news that Faraday had to stop building the factory because the press conference was too expensive.
Today, in the face of high debt, the FF, which has released the first production car, chose to “catch the teeth†to put the new car into production, but at the same time, it has to reduce the size of the factory.
In early 2016, FF began to build a car manufacturing plant in North Las Vegas, Nevada. According to the company's plan, the Nevada plant will reach an area of ​​3 million square feet (about 278,000 square meters). A total of about 1 billion US dollars. The US state of Nevada also passed a bill to give FF investment incentives, including a total of $215 million in tax incentives and relief, and a $120 million public fee for infrastructure construction in the North Las Vegas Industrial Park. It is understood that as of the third quarter of last year, FF's engineering project has spent about 600 million US dollars.
FF originally planned to build the factory's architectural details in North Las Vegas, Nevada, USA
However, this week, Qiong Liu, a Chinese-born municipal manager in North Las Vegas, Nevada, revealed that at the original site selection, FF was working on a car assembly plant that was more "mini" than originally planned: an area of ​​65 Ten thousand square feet (60,390 square meters), while the annual production capacity has dropped from the original planned 100,000 to 10,000, the new plant will be completed and put into production in 2019.
In addition to a certain degree of reduction in spending, in view of FF's first production car FF91, the reduction of factory size seems to be "reasonable."
According to the number released by the FF91 at the press conference: 1050 horsepower, 1800 Nm, 0-100 km/h acceleration 2.39 seconds, the linear acceleration of this performance-class electric super-run can almost kill the Tesla Model X and the Ferrari 488GTB. Top opponents. At the same time, the FF91 is a variety of "black technology" plus, and equipped with advanced automatic driving technology. At present, the expected price of this new car in the United States has reached 200,000 US dollars (about 1.374 million yuan). In terms of the technical difficulty of its production, the annual production capacity of 10,000 vehicles is a difficult task. Therefore, in the later stage. It will be more economical to increase the size of the plant in phases after more models are added, and to avoid vacant capacity.
In addition, although the size of the FF US Nevada factory is facing a “shrinkageâ€, on the other hand, Jia Yueting, the “golden master†behind the FF, is still investing in the “big hand†of the country. In November last year, LeTV plans to invest 3 billion US dollars (about 20.8 billion yuan) to build LeTV Super Automobile Industrial Park in the northern park of Moganshan High-tech Zone, Huzhou, Zhejiang Province, China. It plans to produce LeSEE and plans to build a car factory, a battery factory and The electric plant is expected to produce 200,000 vehicles in the first year and will reach an annual output of 400,000 vehicles in the later period. The project was announced on December 28 last year, but none of the parties disclosed the planned completion time.
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