[Netease smart news August 8 news] Recently, the car start-up company Faraday in California in the United States announced the establishment of a new plant in California, but it is well known that the company has recently been in trouble because of financing problems. According to foreign media reports, Faraday Future (CFO) and COO Stefan Krause of the Faraday Future (FF) have been busy clarifying the relationship with their investors LeTV, trying to let the world know that things do not look like So bad.

It is reported that Faraday's future is an American start-up technology company that focuses on the development of smart electric vehicles. The company’s investment partner has been the LeTV Group led by Jia Yueting, who has now been afflicted with scandal. Faraday is to be established in 2014. It is only at the Global Electronics Show (CES) held in Las Vegas in 2016 that it has officially entered the automotive industry. At the show, the company announced that it will build a revolutionary car. However, at the show, people only saw a seemingly cool trailer that imitated an electric sports car. They did not see any real car, so they were not favored by people.

But at this year's Global Electronics Show (CES), the situation has clearly improved. This time, Faraday will bring a real car that can be really driven and has good performance—FF91. It is reported that the performance and technology of this car is comparable to the Tesla Model X of the global automotive market leader.

However, people have recently been worried about the future prospects of Faraday. It is said that the company is currently extremely short of funds, and even lack of money to the extent that it has to temporarily suspend the construction of factories in Nevada to revolve funds.

Some time ago, after the financial problems in Letv Ecology, Faraday’s situation was even worse. As we all know, Letv Ecology provides a lot of initial funding for Faraday's future, but with the resignation of LeTV's ecological CEO Jia Yueting, the company was forced to lay off 70% of U.S. employees. All its business activities have also been rendered into a "Ponzi scheme." As a result, Faraday’s future CFO and COO Claus has been racking his brains to try to find a clear relationship with Letv Ecology.

“Strictly speaking, there is no relationship between our Faraday future and Letv Ecology.” Klaus said, “They only participate in our business as a supplier, but we are not only a supplier of Letv Ecology.”

In the first two years of global electronics exhibition, Faraday has been trying his best to be close to Jia Yueting, former CEO of Letv Ecology. But now, for the company's development, Clause just wants to make clear the relationship with LeTV. In this regard, Claus declared: "Even if the music does not exist, our company will not be affected, and their liquidation will not affect the future development of Faraday, we are a completely independent company."

At present, Klaus has shifted its focus to financing, in order to maintain the company's cash flow, and to fulfill the promise of external commitment to mass production of automobiles by the end of 2018. The company recently took a piece of land in Hanford, California, to build a new plant and plans to produce FF91 cars, but its production is limited, and the initial annual output is up to 10,000.

Although the FF91's R&D work continues, at present, the plant construction plan in Nevada has been stranded. "Our company is still operating." Klaus said, "We still have more than 1,000 employees." In this regard, there are still many employees in the future Faraday is worried about the future. According to one of the employees, the current situation of the company is like a mess, and the company does not have enough funds to operate.

“Everyone is still very interested in our company's products. At present, we have already negotiated with several interested investors and we have made good progress.” Claus said that at present, Ferrari is planning to raise about US$1 billion in financing and continue to use it. In the FF91 car R & D, and mass production.

Despite the music industry's dilemma and fierce competition from the auto industry, Klaus continued to pour cold water on financing, but he is still optimistic about Ferrari’s future: “No one will question the prospects of this industry. This industry is not a sunset industry. We have the advantage of being able to benefit people from time to time. What's more, we have high-end technology, tacit understanding team and excellent ideas to promote the development of our company. At present, we only need to solve the problem of funds." (From: CNET Compilation: still rabbit)

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