IHS automotive industry analyst Devin Lindy said in an exclusive interview with the 21st Century Business Herald that, unlike a few years ago, the current old car brands, including Volkswagen, are turning to new energy sources, as well as BAT and other Internet companies. The electronic automobile industry is far from the Tesla era, and the survival of Faraday and the LeTV automobile empire in financial difficulties will also face a series of tests.
Is there a future for LeTV's cross-border car-making fog?
"The first is the performance of the mass-produced car itself and its comparison with other electronic vehicles including Tesla, and secondly, whether its financing ability can support its factory construction or other mass production measures." Lindi said.
About a year ago, in November 2015, LeTV claimed that its investment venture, Faraday Futur, would invest $1 billion in a US-based plant to start an electric car and challenge Tesla. A year later, the situation flipped dramatically.
A year later, the situation flipped dramatically. On October 21st, the US "Automotive News" broke the news. On October 10th, the letter from the construction company Aecom vice president and project manager Robert Gay to Faraday showed that Faraday was in arrears in the future project of $21 million in September. At the same time, Faraday should be at 10 Payments were $25.3 million and $11.8 million, respectively, in November and November. On November 6, Jia Yueting voluntarily spurred LeTV's financial resources by issuing an open letter; on November 15, Nevada Governor Brain Sandoval confirmed to the media that the Apex Industrial Park plan will be temporarily suspended.
It is said to be an industrial park. The 2,000 hectares of land, which is only half an hour's drive from the Strip, is still mostly desert. After the financial crisis in successive years made the state government almost bankrupt, the background mysterious new energy vehicle Faraday Future said in 2015 that it will invest 100 million US dollars to build a factory. The state government quickly passed special legislation to give enterprises 300 million US dollars in tax relief and infrastructure. encourage. For a time, from the government to real estate investors, construction engineers and local residents, this is seen as a major benefit in revitalizing the local economy.
So far, people only know that the main investor behind Faraday is Jia Yueting. In the recent interview with Xinhua News Agency, LeTV still avoided Faraday's shareholding structure, but said that LeTV and Faraday are strategic partnerships.
On November 15, the Sierra Nevada Governor BrainSandoval, who announced at the groundbreaking ceremony that "Faraday made the Apex Industrial Park rekindle hope", had to admit that Faraday's latest situation affected local planning. He publicly stated to the media that due to the "worry" about Faraday's financial situation, the planned construction of the Apex industrial park highway will be suspended, and the company will wait for "the company's financial situation is smoothed out" to restart. "I just don't want the state (government) to be out of touch with the actual situation and go too far." The governor, who has repeatedly visited China to meet with the main financing party of the project, Jia Yueting, said.
Without careful exploration, it may be difficult to understand the influence of Chinese-funded electric vehicle layouts in the United States. In California alone, there are no fewer than four electric vehicles for Chinese investment, foreign executives and design teams. In addition to FaradayFuture, LeTV also invested in ATIeva, located in Fremont next to Silicon Valley. Tencent, JD.com and Gaochun Capital jointly invested in Next EV in San Jose, and Wanxiang Group invested in Fisker Karma, which previously had the title of “fastest electric carâ€.
At the recent Los Angeles Auto Show, ATIeva, which has been renamed Lucid Motors, announced its latest model. There is a car professional media comment, the financial crisis of its shareholders LeTV is fermenting or will affect the next step of the car, including its declared plant construction.
On the one hand, ambitious Chinese companies have become the gold lords of the world's most cutting-edge technological innovations, and the other side is in the butterfly effect of the debt steel wire in the event of a capital chain break. “This is a case worthy of attention for Chinese companies that are rapidly expanding overseas and the US startups and governments that need financial support.†A New York think tank researcher who invests in Chinese companies in the United States reports to 21st Century Business Herald Said.
In the past few months, many Chinese companies including China Chemical and China Zhongwang have been opposed to investment mergers and acquisitions in Europe and the United States. On November 16, the US Congress Committee recommended that Chinese state-owned enterprises should be banned from acquisition. American business. The latest case of Faraday's future adds another new perspective on how the United States should respond to Chinese corporate investment.
“Chinese companies are often accompanied by huge debts during large-scale overseas mergers and acquisitions, which has an impact on local businesses and the environment. It can also be said that Chinese companies’ overseas investment is a double-edged sword,†said Derek Scissors of American EnterpriseInsTItute. .
In response to various problems, the 21st Century Business Herald reporters sent an interview email to Faraday's future US headquarters on November 16 and November 29, but as of press time, they did not receive a reply.
Mysterious, speed and public relations awards <br> <br> According to the current more open sources, Jia Yueting dream car began in 2014. Since then, he has quickly assembled industry executives in the automotive industry at home and abroad, and his most eye-catching in the United States was to invest in the Faraday Star Car team in 2014.
Nick Sampson, an engineer with previous experience in Tesla, Jaguar and Lotus, began designing Faraday at home in April 2014. By the end of 2014, there were many industry experts in his team, such as Porter Harris, who led the battery and fuel team at Space X, and Tom Wessner, who was responsible for the global supply chain at Ford, Tesla, and Hawaiian Airlines. Sla led the manufacturing team's DagReckhorn and Richard Kim, who was responsible for the BMW i3 and i8 designs.
There is no clear transaction record showing how and how Jia Yueting invested in this star electronic car team. According to industry media Electrek, Jia Yueting invested 300 million US dollars in his personal capacity. “I have been asking about the ownership structure of FF. They started with a lot of investors, but in the end they only said one Jia Yueting.†Nevada Finance Minister Dan Schwatz was interviewed by the 21st Century Business Herald on November 16th. Said.
Undoubtedly, in the early days of creation, Jia Yueting and LeTV also kept a certain distance from FF. In March 2016, ATIeva, another e-car manufacturer invested by LeEco, learned that the investors behind competitor FF came from the same company.
The first real public appearance in FF was at the International Consumer Electronics Show in January 2016. Founder Nick Sampson, as Senior Vice President (SVP), represented FF in corporate presentations and interviews. He was ignorant of the company's equity investment, only It indicated that it was supported by China and signed a strategic cooperation agreement with LeEco for joint development.
"General start-ups in order to attract investment, get attention, are out of the CEO platform, Faraday's mystery is not in line with common sense." Jalopnik car evaluation blog analysis.
Is there a future for LeTV's cross-border car-making fog?
"The first is the performance of the mass-produced car itself and its comparison with other electronic vehicles including Tesla, and secondly, whether its financing ability can support its factory construction or other mass production measures." Lindi said.
About a year ago, in November 2015, LeTV claimed that its investment venture, Faraday Futur, would invest $1 billion in a US-based plant to start an electric car and challenge Tesla. A year later, the situation flipped dramatically.
A year later, the situation flipped dramatically. On October 21st, the US "Automotive News" broke the news. On October 10th, the letter from the construction company Aecom vice president and project manager Robert Gay to Faraday showed that Faraday was in arrears in the future project of $21 million in September. At the same time, Faraday should be at 10 Payments were $25.3 million and $11.8 million, respectively, in November and November. On November 6, Jia Yueting voluntarily spurred LeTV's financial resources by issuing an open letter; on November 15, Nevada Governor Brain Sandoval confirmed to the media that the Apex Industrial Park plan will be temporarily suspended.
It is said to be an industrial park. The 2,000 hectares of land, which is only half an hour's drive from the Strip, is still mostly desert. After the financial crisis in successive years made the state government almost bankrupt, the background mysterious new energy vehicle Faraday Future said in 2015 that it will invest 100 million US dollars to build a factory. The state government quickly passed special legislation to give enterprises 300 million US dollars in tax relief and infrastructure. encourage. For a time, from the government to real estate investors, construction engineers and local residents, this is seen as a major benefit in revitalizing the local economy.
So far, people only know that the main investor behind Faraday is Jia Yueting. In the recent interview with Xinhua News Agency, LeTV still avoided Faraday's shareholding structure, but said that LeTV and Faraday are strategic partnerships.
On November 15, the Sierra Nevada Governor BrainSandoval, who announced at the groundbreaking ceremony that "Faraday made the Apex Industrial Park rekindle hope", had to admit that Faraday's latest situation affected local planning. He publicly stated to the media that due to the "worry" about Faraday's financial situation, the planned construction of the Apex industrial park highway will be suspended, and the company will wait for "the company's financial situation is smoothed out" to restart. "I just don't want the state (government) to be out of touch with the actual situation and go too far." The governor, who has repeatedly visited China to meet with the main financing party of the project, Jia Yueting, said.
Without careful exploration, it may be difficult to understand the influence of Chinese-funded electric vehicle layouts in the United States. In California alone, there are no fewer than four electric vehicles for Chinese investment, foreign executives and design teams. In addition to FaradayFuture, LeTV also invested in ATIeva, located in Fremont next to Silicon Valley. Tencent, JD.com and Gaochun Capital jointly invested in Next EV in San Jose, and Wanxiang Group invested in Fisker Karma, which previously had the title of “fastest electric carâ€.
At the recent Los Angeles Auto Show, ATIeva, which has been renamed Lucid Motors, announced its latest model. There is a car professional media comment, the financial crisis of its shareholders LeTV is fermenting or will affect the next step of the car, including its declared plant construction.
On the one hand, ambitious Chinese companies have become the gold lords of the world's most cutting-edge technological innovations, and the other side is in the butterfly effect of the debt steel wire in the event of a capital chain break. “This is a case worthy of attention for Chinese companies that are rapidly expanding overseas and the US startups and governments that need financial support.†A New York think tank researcher who invests in Chinese companies in the United States reports to 21st Century Business Herald Said.
In the past few months, many Chinese companies including China Chemical and China Zhongwang have been opposed to investment mergers and acquisitions in Europe and the United States. On November 16, the US Congress Committee recommended that Chinese state-owned enterprises should be banned from acquisition. American business. The latest case of Faraday's future adds another new perspective on how the United States should respond to Chinese corporate investment.
“Chinese companies are often accompanied by huge debts during large-scale overseas mergers and acquisitions, which has an impact on local businesses and the environment. It can also be said that Chinese companies’ overseas investment is a double-edged sword,†said Derek Scissors of American EnterpriseInsTItute. .
In response to various problems, the 21st Century Business Herald reporters sent an interview email to Faraday's future US headquarters on November 16 and November 29, but as of press time, they did not receive a reply.
Mysterious, speed and public relations awards <br> <br> According to the current more open sources, Jia Yueting dream car began in 2014. Since then, he has quickly assembled industry executives in the automotive industry at home and abroad, and his most eye-catching in the United States was to invest in the Faraday Star Car team in 2014.
Nick Sampson, an engineer with previous experience in Tesla, Jaguar and Lotus, began designing Faraday at home in April 2014. By the end of 2014, there were many industry experts in his team, such as Porter Harris, who led the battery and fuel team at Space X, and Tom Wessner, who was responsible for the global supply chain at Ford, Tesla, and Hawaiian Airlines. Sla led the manufacturing team's DagReckhorn and Richard Kim, who was responsible for the BMW i3 and i8 designs.
There is no clear transaction record showing how and how Jia Yueting invested in this star electronic car team. According to industry media Electrek, Jia Yueting invested 300 million US dollars in his personal capacity. “I have been asking about the ownership structure of FF. They started with a lot of investors, but in the end they only said one Jia Yueting.†Nevada Finance Minister Dan Schwatz was interviewed by the 21st Century Business Herald on November 16th. Said.
Undoubtedly, in the early days of creation, Jia Yueting and LeTV also kept a certain distance from FF. In March 2016, ATIeva, another e-car manufacturer invested by LeEco, learned that the investors behind competitor FF came from the same company.
The first real public appearance in FF was at the International Consumer Electronics Show in January 2016. Founder Nick Sampson, as Senior Vice President (SVP), represented FF in corporate presentations and interviews. He was ignorant of the company's equity investment, only It indicated that it was supported by China and signed a strategic cooperation agreement with LeEco for joint development.
"General start-ups in order to attract investment, get attention, are out of the CEO platform, Faraday's mystery is not in line with common sense." Jalopnik car evaluation blog analysis.
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