Zhuhai Hengqin New District insiders: currently in contact with Faraday’s future intention, a joint venture will be set up in the future

The reporter of kechuangban daily learned from the insiders of Hengqin New Area in Zhuhai that the relevant departments of Zhuhai City are negotiating with Faraday for FF financing and landing cooperation in the future. “We are in preliminary contact, and the specific details are being discussed. SASAC will coordinate the capital injection. According to the preliminary contact, the amount of capital injected is about 2 billion yuan. Faraday has registered and established a new company in Hengqin New Area in the future In the future, it will be implemented as a joint venture.

 

The new energy electric vehicle industry is wildly sought after by investors in the capital market. Recently, Jia Yueting, with his dream of driving, once again stood on the air.

 

According to the latest news, electric vehicle company FF (Faraday future, Faraday future) founded by Jia Yueting is expected to be listed as soon as two weeks, among which Geely plans to invest tens of millions of dollars.

Zhuhai Hengqin New District insiders: currently in contact with Faraday's future intention, a joint venture will be set up in the future

In response, Geely said: “no comment on market rumors”

 

FF can be launched as soon as two weeks

 

Geely plans to invest tens of millions of dollars

 

According to 36 krypton news, from a number of people familiar with FF’s domestic financing projects, we learned that FF (Faraday future), an electric vehicle company founded by Jia Yueting, is seeking a new round of financing in China, and Geely Group has expressed a clear investment intention, “Geely plans to invest 30 million to 40 million US dollars in FF, which will be announced as soon as next week.”

 

In addition, Evergrande group, an old shareholder of FF, also participated in the financing negotiation.

 

It is worth noting that in October 2020, Carsten breitfeld, FF’s chief executive, said the company planned to complete the listing soon through a reverse merger with a special acquisition company (SPAC).

 

Speaking about the possibility of a spac deal, Mr bifok said: “we are working on such a deal and are expected to announce something soon.” Bifurcan declined to say who Faraday is negotiating with in the future and when the deal will be completed.

 

Spac (Special Purpose Acquisition company) is literally translated as “special purpose acquisition company”, also known as “spac platform”, which is a unique form of Listed Companies in the U.S. capital market. Spac is the third way of listing which is different from the traditional “IPO listing” and “backdoor listing”. Its innovation lies in that it is not to buy a shell to go public, but to build a shell first, raise funds, and then carry out mergers and acquisitions, and finally make the merger object become a listed company. Spac is a shell company that raises money through an initial public offering (IPO), usually acquiring an operating entity within two years.

 

It turns out that spac is well received by investors seeking to echo Tesla’s high valuation. Spac has become a fast way for companies (especially auto technology start-ups) to enter the stock market.

 

Geely responded: no comment

Zhuhai Hengqin New District insiders: currently in contact with Faraday's future intention, a joint venture will be set up in the future

Netizens stunned: this can turn over?

 

Geely responded to the news: “no comment on market rumors”

 

However, many netizens have been shocked: this can turn over??? Really should be that heavy mountains and rivers, doubt no way, willow hidden flowers and a village.

 

Some netizens also think that Jia was not born in a good time and was too advanced.

 

Others are looking forward to Jia Yueting’s return next week.

 

Zhuhai Hengqin New District insiders: currently in contact with Faraday’s future intention, a joint venture will be set up in the future

 

It has just been revealed that it plans to open a factory in China

 

Faraday future (FF), an electric vehicle start-up founded by Jia Yueting, is planning to open a factory in China to promote plans to produce some all electric vehicles in China and invite Geely to provide contract manufacturing and automotive technology services for it, Reuters reported on January 25.

 

Zhuhai Hengqin New District insiders: currently in contact with Faraday’s future intention, a joint venture will be set up in the future

 

As part of these plans, Faraday plans to build a new base in China in the future, three people familiar with the matter said. FF told potential investors this month that it plans to locate its plant in a “first tier city in China” and expects to have capacity to manufacture more than 100000 vehicles in its early stages, one of the sources said. Faraday will also consider setting up a research center in the same city in the future, the person said.

 

Zhejiang Geely Holding Group is negotiating with Faraday to provide OEM services in China, two sources said. They pointed out that Geely will also assist in the engineering design of the car and add intelligent car technology including automatic driving function.

 

However, the source reminded that Faraday’s future plans have not been fully finalized and may change. Meanwhile, neither Geely nor Faraday would comment on the future.

 

According to tianyancha app data, in mid December last year, Faraday set up a new related company in Zhuhai – Fafa automobile (Zhuhai) Co., Ltd.

3 thoughts on “Zhuhai Hengqin New District insiders: currently in contact with Faraday’s future intention, a joint venture will be set up in the future

  • Relevant departments of Zhuhai City are negotiating with Faraday Future on FF financing and landing cooperation. “We are in early contact

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