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Sky_Chew
2021-07-03

In 19 days, Jia Yueting is going to do something big?

贾跃亭，一个时刻不忘让自己处在舆论漩涡中的男人。在被调侃过无数次“下周回国”之后，这次可能是他希望最大的一次。近日，贾跃亭创立的电动汽车品牌FF宣布其与PSAC的合并计划已被批准。如果顺利，本月F

In 19 days, Jia Yueting is going to do something big?

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{"i18n":{"language":"en_US"},"data":{"magic":2,"id":152957483,"tweetId":"152957483","gmtCreate":1625266366042,"gmtModify":1703739516243,"author":{"id":3577705130761729,"idStr":"3577705130761729","authorId":3577705130761729,"authorIdStr":"3577705130761729","name":"Sky_Chew","avatar":"https://static.tigerbbs.com/c9ca892db44044de4f8ac4e11090b639","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":0,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body>ok</body></html>","htmlText":"<html><head></head><body>ok</body></html>","text":"ok","highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/152957483","repostId":1116214742,"repostType":4,"repost":{"id":"1116214742","kind":"news","pubTimestamp":1625237242,"share":"https://ttm.financial/m/news/1116214742?lang=en_US&edition=fundamental","pubTime":"2021-07-02 22:47","market":"us","language":"zh","title":"In 19 days, Jia Yueting is going to do something big?","url":"https://stock-news.laohu8.com/highlight/detail?id=1116214742","media":"铅笔道","summary":"贾跃亭，一个时刻不忘让自己处在舆论漩涡中的男人。\n在被调侃过无数次“下周回国”之后，这次可能是他希望最大的一次。\n近日，贾跃亭创立的电动汽车品牌FF宣布其与PSAC的合并计划已被批准。如果顺利，本月F","content":"<img src=\"https://static.tigerbbs.com/a556d406f2cd07fbbf570fb90e4b3c67\" tg-width=\"1080\" tg-height=\"578\" referrerpolicy=\"no-referrer\">Jia Yueting, a man who never forgets to put himself in the whirlpool of public opinion.After being teased countless times for \"returning to China next week\", this may be the biggest one he hopes for.Recently, FF, the electric vehicle brand founded by Jia Yueting, announced that its merger plan with PSAC has been approved. If it goes well, FF will be listed in the United States this month. This merger transaction will provide FF with approximately US $1 billion in funding, and its valuation after listing will be approximately US $3.4 billion.This means that Jia Yueting's dream of building a car will come true, and he can finally get rid of the label of \"PPT car building\". At the same time, Jia Yueting's huge debt may also be repaid.However, it is still unknown whether FF, which Jia Yueting has betted on everything, can be listed smoothly. In addition, even if FF is successfully listed, it still faces many problems. Compared with other electric vehicle brands, today's FF is full of shortcomings.Jia Yueting, who has left the United States for 4 years and is still suffocating for his \"dream\", how will he and FF go on next? I wonder if he already has the answer in his heart.Note: The content of this article mainly comes from the interview of Pencil Road reporters and the public information on the Internet. The arguments are inevitably biased and there is no deliberate misleading.Boss Jia's \"debt repayment technology\"Recently, a listing news made Jia Yueting the focus of public opinion again.FF, whose founder and CPUO he serves as, announced on June 24, US time, that the US stock listing document S4 submitted by the company has officially taken effect, and the US Securities and Exchange Commission has approved the merger plan of PSAC and FF.This means that FF listing will become possible in the near future. According to FF, a PSAC shareholder meeting will be held on July 20 to vote on the FF merger. If the merger is successfully passed, it will be listed on Nasdaq on July 21st.<img src=\"https://static.tigerbbs.com/937db887fc673e84e69530f0738c1588\" tg-width=\"1080\" tg-height=\"761\" referrerpolicy=\"no-referrer\">FF also mentioned that this merger transaction will provide FF with approximately US $1 billion in funds, including US $230 million in cash held by PSAC in the form of trust (assuming no redemption). Its valuation after listing is about $3.4 billion.Besides, there is a more important point. That is, after the transaction ends, FF's first flagship product FF 91 is expected to be mass-produced and delivered on a large scale within 12 months. This means that Jia Yueting's dream of building a car will come true, and he can finally get rid of the label of \"PPT car building\".The news of FF's listing rekindled the confidence of Jia Yueting's creditors.After LeTV's capital chain broke in 2017, Jia Yueting went to the United States to continue building cars. In October 2019, Jia Yueting filed for personal bankruptcy and reorganization in the United States amid the voice of \"paying back the money\". In July 2020, Jia Yueting's bankruptcy and reorganization was finally completed, and the reorganization plan officially came into effect. According to the disclosure of Jia Yueting's debt processing team on October 14, 2019, Jia Yueting's remaining net debt is approximately US $2 billion.Regarding his own situation, Jia Yueting was<a href=\"https://laohu8.com/S/WB\">Weibo</a>In the article \"Working to Start a Business, Restarting Life, with My Apology, Gratitude and Commitment\", the article mentioned, \"I put all the remaining personal equity into a creditor trust managed by a third party, and I am no longer a holder of FF equity since then., and become a migrant worker who works with an entrepreneurial mentality and an entrepreneur who starts a business by working.\"<img src=\"https://static.tigerbbs.com/d1679a6ea996148f8944b03f7aabf94e\" tg-width=\"891\" tg-height=\"746\" referrerpolicy=\"no-referrer\">What does Jia Yueting, who has no equity, use to pay off his debt? The answer lies in its personal bankruptcy reorganization plan.Jia Yueting is well versed in capital skills, and his \"debt repayment skills\" are even more superb. Jia Yueting chose to transfer his FF equity to creditors through creditor trust. That is to say, creditors have become shareholders of FF. However, the plan stipulates that creditors can only sell the FF equity in the trust after the FF IPO. This means that only after FF goes public can creditors get their own money.Regardless of whether creditors are optimistic about FF or not, Jia Yueting can only accept this plan when he cannot come up with real money to repay the debt. Although Jia Yueting euphemistically claims that this is working for creditors, in fact it is to bind creditors to FF and slow down the intensity of debt collection.According to S4 documents, FF's original shareholders and creditors (through debt-to-equity swaps) will continue to hold 213,176,594 shares of the company after the transaction, with an equity ratio of 66%. If calculated at a valuation of US $3.4 billion, this part is about US $2.24 billion. If this money can be cashed in, it may not be impossible for Jia Yueting to pay off his debts.Looking back, although Jia Yueting's bankruptcy and reorganization process was not without ups and downs, it was also smooth.This is not unrelated to Jia Yueting's strategizing. According to media analysis, this has something to do with Jia Yueting's \"turning against each other\" with his family.Previously, Jia Yueting was sued by his ex-wife Gan Wei, his brother Jia Yuemin and his sister Jia Yuefang, claiming US $500 million, US $800 million and US $50 million respectively. In this way, Jia Yueting's total debt amount increased, the right to speak of other creditors was diluted, and the bankruptcy reorganization plan was successfully passed. In addition, judging from the debt amount of his family, if FF is successfully listed, Jia Yueting will not have nothing.Jia Yueting's way of repaying debts is not just as simple as suspending \"forcing debts\". According to media reports, the quiescent period of the creditor's lawsuit against Jia Yueting is 4 years, which means that the creditor will not file a lawsuit against Jia Yueting within 4 years. If there are no other debts, Jia Yueting's \"Lao Lai\" status may also be lifted. In this case, he was given enough breathing time and a chance to \"whitewash\".FF with an uncertain futureAll along, when Jia Yueting's reputation cannot be restored, the biggest impact is actually the financing of FF.Jia Yueting also worked hard to finance FF. To this end, Jia Yueting chose to step down as CEO of FF.On September 3, 2019, FF announced that Breitfeld Breitfeld became FF's global CEO and Jia Yueting became CPUO (Chief Product and User Officer). From the perspective of financing history, \"de-Jia Yueting\" has indeed achieved certain results.<img src=\"https://static.tigerbbs.com/d7df018c4258c3696d4279d6bf3e7161\" tg-width=\"900\" tg-height=\"711\" referrerpolicy=\"no-referrer\">According to the statistics of Qichacha, FF has raised funds 9 times, totaling tens of billions of yuan.<img src=\"https://static.tigerbbs.com/7eb89966043e084ffdd3ebf8b1b36908\" tg-width=\"600\" tg-height=\"708\" referrerpolicy=\"no-referrer\">It stands to reason that the amount of FF financing is already quite large, but the actual amount of funds received is still unknown. In addition, the specific investment method of investors is not clear.According to industry analysts, the actual arrival of FF may not be as much as it seems, otherwise Jia Yueting would not be so anxious to raise funds. In addition, the electric vehicle industry burns money horribly.<a href=\"https://laohu8.com/S/NIO\">Nio</a>, XPeng, and Ideal have both raised billions of dollars, and the pressure on FF funds is naturally not small.Nowadays, although FF is about to be listed, the industry is not so optimistic about FF.The primary reason is that FF has not actually sold a car so far.Back in 2015, Jia Yueting announced that he would build a car, boasting that he would all link LeTV's ecological chain to form a closed loop. However, six years later, LeTV has also been delisted, and FF has not delivered a single car. Looking at other domestic electric vehicle brands in the same period, the performance is remarkable.Take the first half of 2021 as an example, Nio vehicles,<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>、<a href=\"https://laohu8.com/S/LI\">Li Auto</a>The sales volume is 40,000 +, 30,000 +, and 30,000 + respectively. Even the newly emerging Nezha Automobile's cumulative sales volume in the first half of the year exceeded 20,000 vehicles.Let's look at the progress of FF. In May 2021, the first FF Futurist Experience Center was settled in Manhattan, New York, USA.<img src=\"https://static.tigerbbs.com/2302ae5d340911e1cc5fd974085cc1ca\" tg-width=\"903\" tg-height=\"681\" referrerpolicy=\"no-referrer\">The only thing that can please Jia Yueting is the reservation volume of FF's official website. According to FF, by January this year, the number of bookings for FF91 has exceeded 14,000. If FF91 is priced at US $100,000 to US $180,000, FF has at least US $1.4 billion to US $2.52 billion in orders. However, there is no way to verify whether the data is true or not.At present, FF91 has accepted reservations in China, with a deposit of 50,000 yuan. However, due to factors such as tariffs, the domestic selling price may reach more than 2 million yuan. It is unknown whether there is a domestic market for such an expensive electric vehicle.In order to prove its strength, FF chose to continue to \"paint cakes\". FF once said that FF81 and FF71 for the public are already under development. It is reported that the FF81 starts at US $59,000, which is comparable to the benchmark<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>High-end models such as model S. The FF71 is expected to begin design and development in 2022, with a starting price of $45,000 and is aimed at mid-range consumers.Another reason why the outside world is not optimistic about FF is that it is not yet known whether FF's production capacity will be sufficient.Previously, FF announced that the Hanford factory already has mass production capacity, with an annual production capacity of 10,000 vehicles, but it will start production within 12 months after the merger of FF and PSAC.In addition, according to media reports, FF is also cooperating with a leading manufacturing partner in South Korea to produce FF's follow-up models.At the same time, FF also announced that it has signed a framework cooperation agreement with Geely Group and explored the possibility of providing OEM services by a joint venture between Geely and Foxconn.However, these news show that FF's production line is not perfect, and its mass production capacity is only a slogan. Look at other domestic brands: XPeng vehicles currently have a planned total production capacity of 350,000 vehicles; Li Auto currently has an annual production capacity of 100,000 vehicles, but its new factory with an annual production capacity of 100,000 vehicles will be completed in 2022; Nio CEO Li Bin recently stated that the second factory in Nio will be put into production in the third quarter of next year, with an annual production capacity of 1 million vehicles.Compared with other new car brands, FF seems to be full of shortcomings. Jia Yueting has been dormant for so long, maybe FF may have a big move in technology, but the answer can only be revealed one year later.In April this year, Jia Yueting, who seemed to have seen the dawn, was hit hard again. LeTV said that it received the administrative penalty decision from Beijing Securities Regulatory Bureau of China Securities Regulatory Commission. For ten consecutive years of financial fraud from 2007 to 2016, LeTV was fined 240.6 million yuan and Jia Yueting was fined 241.2 million yuan. There are more voices questioning Jia Yueting.July is a critical month for FF to go public. Can FF land smoothly? What is the stock price after listing? How should FF open the market? They are all gullies in front of Jia Yueting.","source":"lsy1576054490042","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>In 19 days, Jia Yueting is going to do something big?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIn 19 days, Jia Yueting is going to do something big?\n</h2>\n<h4 class=\"meta\">\n\n铅笔道2021-07-02 22:47\n\n</h4>\n</header>\n<article>\n<img src=\"https://static.tigerbbs.com/a556d406f2cd07fbbf570fb90e4b3c67\" tg-width=\"1080\" tg-height=\"578\" referrerpolicy=\"no-referrer\">Jia Yueting, a man who never forgets to put himself in the whirlpool of public opinion.After being teased countless times for \"returning to China next week\", this may be the biggest one he hopes for.Recently, FF, the electric vehicle brand founded by Jia Yueting, announced that its merger plan with PSAC has been approved. If it goes well, FF will be listed in the United States this month. This merger transaction will provide FF with approximately US $1 billion in funding, and its valuation after listing will be approximately US $3.4 billion.This means that Jia Yueting's dream of building a car will come true, and he can finally get rid of the label of \"PPT car building\". At the same time, Jia Yueting's huge debt may also be repaid.However, it is still unknown whether FF, which Jia Yueting has betted on everything, can be listed smoothly. In addition, even if FF is successfully listed, it still faces many problems. Compared with other electric vehicle brands, today's FF is full of shortcomings.Jia Yueting, who has left the United States for 4 years and is still suffocating for his \"dream\", how will he and FF go on next? I wonder if he already has the answer in his heart.Note: The content of this article mainly comes from the interview of Pencil Road reporters and the public information on the Internet. The arguments are inevitably biased and there is no deliberate misleading.Boss Jia's \"debt repayment technology\"Recently, a listing news made Jia Yueting the focus of public opinion again.FF, whose founder and CPUO he serves as, announced on June 24, US time, that the US stock listing document S4 submitted by the company has officially taken effect, and the US Securities and Exchange Commission has approved the merger plan of PSAC and FF.This means that FF listing will become possible in the near future. According to FF, a PSAC shareholder meeting will be held on July 20 to vote on the FF merger. If the merger is successfully passed, it will be listed on Nasdaq on July 21st.<img src=\"https://static.tigerbbs.com/937db887fc673e84e69530f0738c1588\" tg-width=\"1080\" tg-height=\"761\" referrerpolicy=\"no-referrer\">FF also mentioned that this merger transaction will provide FF with approximately US $1 billion in funds, including US $230 million in cash held by PSAC in the form of trust (assuming no redemption). Its valuation after listing is about $3.4 billion.Besides, there is a more important point. That is, after the transaction ends, FF's first flagship product FF 91 is expected to be mass-produced and delivered on a large scale within 12 months. This means that Jia Yueting's dream of building a car will come true, and he can finally get rid of the label of \"PPT car building\".The news of FF's listing rekindled the confidence of Jia Yueting's creditors.After LeTV's capital chain broke in 2017, Jia Yueting went to the United States to continue building cars. In October 2019, Jia Yueting filed for personal bankruptcy and reorganization in the United States amid the voice of \"paying back the money\". In July 2020, Jia Yueting's bankruptcy and reorganization was finally completed, and the reorganization plan officially came into effect. According to the disclosure of Jia Yueting's debt processing team on October 14, 2019, Jia Yueting's remaining net debt is approximately US $2 billion.Regarding his own situation, Jia Yueting was<a href=\"https://laohu8.com/S/WB\">Weibo</a>In the article \"Working to Start a Business, Restarting Life, with My Apology, Gratitude and Commitment\", the article mentioned, \"I put all the remaining personal equity into a creditor trust managed by a third party, and I am no longer a holder of FF equity since then., and become a migrant worker who works with an entrepreneurial mentality and an entrepreneur who starts a business by working.\"<img src=\"https://static.tigerbbs.com/d1679a6ea996148f8944b03f7aabf94e\" tg-width=\"891\" tg-height=\"746\" referrerpolicy=\"no-referrer\">What does Jia Yueting, who has no equity, use to pay off his debt? The answer lies in its personal bankruptcy reorganization plan.Jia Yueting is well versed in capital skills, and his \"debt repayment skills\" are even more superb. Jia Yueting chose to transfer his FF equity to creditors through creditor trust. That is to say, creditors have become shareholders of FF. However, the plan stipulates that creditors can only sell the FF equity in the trust after the FF IPO. This means that only after FF goes public can creditors get their own money.Regardless of whether creditors are optimistic about FF or not, Jia Yueting can only accept this plan when he cannot come up with real money to repay the debt. Although Jia Yueting euphemistically claims that this is working for creditors, in fact it is to bind creditors to FF and slow down the intensity of debt collection.According to S4 documents, FF's original shareholders and creditors (through debt-to-equity swaps) will continue to hold 213,176,594 shares of the company after the transaction, with an equity ratio of 66%. If calculated at a valuation of US $3.4 billion, this part is about US $2.24 billion. If this money can be cashed in, it may not be impossible for Jia Yueting to pay off his debts.Looking back, although Jia Yueting's bankruptcy and reorganization process was not without ups and downs, it was also smooth.This is not unrelated to Jia Yueting's strategizing. According to media analysis, this has something to do with Jia Yueting's \"turning against each other\" with his family.Previously, Jia Yueting was sued by his ex-wife Gan Wei, his brother Jia Yuemin and his sister Jia Yuefang, claiming US $500 million, US $800 million and US $50 million respectively. In this way, Jia Yueting's total debt amount increased, the right to speak of other creditors was diluted, and the bankruptcy reorganization plan was successfully passed. In addition, judging from the debt amount of his family, if FF is successfully listed, Jia Yueting will not have nothing.Jia Yueting's way of repaying debts is not just as simple as suspending \"forcing debts\". According to media reports, the quiescent period of the creditor's lawsuit against Jia Yueting is 4 years, which means that the creditor will not file a lawsuit against Jia Yueting within 4 years. If there are no other debts, Jia Yueting's \"Lao Lai\" status may also be lifted. In this case, he was given enough breathing time and a chance to \"whitewash\".FF with an uncertain futureAll along, when Jia Yueting's reputation cannot be restored, the biggest impact is actually the financing of FF.Jia Yueting also worked hard to finance FF. To this end, Jia Yueting chose to step down as CEO of FF.On September 3, 2019, FF announced that Breitfeld Breitfeld became FF's global CEO and Jia Yueting became CPUO (Chief Product and User Officer). From the perspective of financing history, \"de-Jia Yueting\" has indeed achieved certain results.<img src=\"https://static.tigerbbs.com/d7df018c4258c3696d4279d6bf3e7161\" tg-width=\"900\" tg-height=\"711\" referrerpolicy=\"no-referrer\">According to the statistics of Qichacha, FF has raised funds 9 times, totaling tens of billions of yuan.<img src=\"https://static.tigerbbs.com/7eb89966043e084ffdd3ebf8b1b36908\" tg-width=\"600\" tg-height=\"708\" referrerpolicy=\"no-referrer\">It stands to reason that the amount of FF financing is already quite large, but the actual amount of funds received is still unknown. In addition, the specific investment method of investors is not clear.According to industry analysts, the actual arrival of FF may not be as much as it seems, otherwise Jia Yueting would not be so anxious to raise funds. In addition, the electric vehicle industry burns money horribly.<a href=\"https://laohu8.com/S/NIO\">Nio</a>, XPeng, and Ideal have both raised billions of dollars, and the pressure on FF funds is naturally not small.Nowadays, although FF is about to be listed, the industry is not so optimistic about FF.The primary reason is that FF has not actually sold a car so far.Back in 2015, Jia Yueting announced that he would build a car, boasting that he would all link LeTV's ecological chain to form a closed loop. However, six years later, LeTV has also been delisted, and FF has not delivered a single car. Looking at other domestic electric vehicle brands in the same period, the performance is remarkable.Take the first half of 2021 as an example, Nio vehicles,<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>、<a href=\"https://laohu8.com/S/LI\">Li Auto</a>The sales volume is 40,000 +, 30,000 +, and 30,000 + respectively. Even the newly emerging Nezha Automobile's cumulative sales volume in the first half of the year exceeded 20,000 vehicles.Let's look at the progress of FF. In May 2021, the first FF Futurist Experience Center was settled in Manhattan, New York, USA.<img src=\"https://static.tigerbbs.com/2302ae5d340911e1cc5fd974085cc1ca\" tg-width=\"903\" tg-height=\"681\" referrerpolicy=\"no-referrer\">The only thing that can please Jia Yueting is the reservation volume of FF's official website. According to FF, by January this year, the number of bookings for FF91 has exceeded 14,000. If FF91 is priced at US $100,000 to US $180,000, FF has at least US $1.4 billion to US $2.52 billion in orders. However, there is no way to verify whether the data is true or not.At present, FF91 has accepted reservations in China, with a deposit of 50,000 yuan. However, due to factors such as tariffs, the domestic selling price may reach more than 2 million yuan. It is unknown whether there is a domestic market for such an expensive electric vehicle.In order to prove its strength, FF chose to continue to \"paint cakes\". FF once said that FF81 and FF71 for the public are already under development. It is reported that the FF81 starts at US $59,000, which is comparable to the benchmark<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>High-end models such as model S. The FF71 is expected to begin design and development in 2022, with a starting price of $45,000 and is aimed at mid-range consumers.Another reason why the outside world is not optimistic about FF is that it is not yet known whether FF's production capacity will be sufficient.Previously, FF announced that the Hanford factory already has mass production capacity, with an annual production capacity of 10,000 vehicles, but it will start production within 12 months after the merger of FF and PSAC.In addition, according to media reports, FF is also cooperating with a leading manufacturing partner in South Korea to produce FF's follow-up models.At the same time, FF also announced that it has signed a framework cooperation agreement with Geely Group and explored the possibility of providing OEM services by a joint venture between Geely and Foxconn.However, these news show that FF's production line is not perfect, and its mass production capacity is only a slogan. Look at other domestic brands: XPeng vehicles currently have a planned total production capacity of 350,000 vehicles; Li Auto currently has an annual production capacity of 100,000 vehicles, but its new factory with an annual production capacity of 100,000 vehicles will be completed in 2022; Nio CEO Li Bin recently stated that the second factory in Nio will be put into production in the third quarter of next year, with an annual production capacity of 1 million vehicles.Compared with other new car brands, FF seems to be full of shortcomings. Jia Yueting has been dormant for so long, maybe FF may have a big move in technology, but the answer can only be revealed one year later.In April this year, Jia Yueting, who seemed to have seen the dawn, was hit hard again. LeTV said that it received the administrative penalty decision from Beijing Securities Regulatory Bureau of China Securities Regulatory Commission. For ten consecutive years of financial fraud from 2007 to 2016, LeTV was fined 240.6 million yuan and Jia Yueting was fined 241.2 million yuan. There are more voices questioning Jia Yueting.July is a critical month for FF to go public. Can FF land smoothly? What is the stock price after listing? How should FF open the market? They are all gullies in front of Jia Yueting.\n<div class=\"bt-text\">\n\n\n source：<a href=\"https://mp.weixin.qq.com/s/nHVDuAdzDGJsDe1BiC3QuA\">铅笔道</a>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/a556d406f2cd07fbbf570fb90e4b3c67","relate_stocks":{},"source_url":"https://mp.weixin.qq.com/s/nHVDuAdzDGJsDe1BiC3QuA","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116214742","content_text":"贾跃亭，一个时刻不忘让自己处在舆论漩涡中的男人。\n在被调侃过无数次“下周回国”之后，这次可能是他希望最大的一次。\n近日，贾跃亭创立的电动汽车品牌FF宣布其与PSAC的合并计划已被批准。如果顺利，本月FF将在美上市。本次合并交易将为FF提供约10亿美元的资金，上市后其估值约为34亿美元。\n这意味着，贾跃亭的造车梦将圆，终于能摆脱“PPT造车”的标签。同时，贾跃亭的巨额债务，也有了偿还的可能。\n然而，被贾跃亭押上一切的FF能否顺利上市，其实也还是一个未知数。此外，即便FF顺利上市，其面临的问题还有许多。与其他电动汽车品牌相比，如今的FF处处是短板。\n出走美国4年，依然在为“梦想”窒息的贾跃亭，他和FF接下来的路将如何走下去？不知他心里是否已经有了答案。\n注：本文内容主要来自铅笔道记者采访和网络公开信息，论据难免偏颇，不存在刻意误导。\n贾老板的“还债技术”\n最近，一则上市消息让贾跃亭再次成为舆论焦点。\n他担任创始人兼CPUO的FF于美国时间6月24日宣布，公司提交的美股上市文件S4已经正式生效，美国证券交易委员会已经批准了PSAC和FF的合并计划。\n这意味着FF上市在近期内成为可能。据FF介绍，7月20日将举行PSAC股东会议，对FF合并进行投票。如果顺利通过合并，将于7月21日在纳斯达克挂牌上市。\n\nFF还提到，本次合并交易将为FF提供约10亿美元的资金，其中包括PSAC以信托形式持有的2.3亿美元现金（假设不赎回的条件下）。在上市后其估值约为34亿美元。\n此外，还有更重要的一点。那就是在交易结束后，FF的首款旗舰产品FF 91在12个月内有望大规模量产和交付。这意味着，贾跃亭的造车梦将圆，终于能摆脱“PPT造车”的标签。\nFF上市的消息，让贾跃亭的债主们重新燃起了信心。\n在2017年乐视资金链断裂后，贾跃亭远赴美国继续造车。在一片“还钱”的追讨声中，2019年10月贾跃亭在美申请个人破产重组。2020年7月，贾跃亭破产重组最终完成，重组方案正式生效。据贾跃亭债务处理小组于2019年10月14日披露，贾跃亭剩下债务净额约为20亿美元。\n对于自身处境，贾跃亭当时在微博发文《打工创业、重启人生，带着我的致歉、感恩和承诺》，文中提到，“我把剩余全部个人股权装入了第三方管理的债权人信托，我自此不再是FF股权的持有者，而成为以创业心态打工的打工者和用打工方式创业的创业者。”\n\n没有股权的贾跃亭用什么还账？答案就在其个人破产重组方案中。\n贾跃亭深谙资本技巧，“还账术”更为高超。贾跃亭选择把其持有的FF股权通过债权人信托的方式转让给债权人。意思就是说，债权人成为了FF的股东。但是方案规定，FF IPO后债权人才能出售信托内的FF股权。这就意味着只有FF上市后，债权人才有可能拿到自己的钱。\n不管债权人看不看好FF，在贾跃亭拿不出真金白银还账的情况下，只能接受这一方案。虽然贾跃亭美其名曰这是给债权人打工，实则是让债权人和FF绑定，减缓对其催债的力度。\n据S4文件显示，FF原有股东以及债权人（通过债转股）将在交易后继续占有公司 213,176,594股股票，股权比例达66%。如果按照34亿美元估值计算，这部分约为22.4亿美元。这笔钱如果能兑现，让贾跃亭还清债务也许并不是没有可能。\n回过头来看，贾跃亭破产重整过程，虽然不是毫无坎坷，但也说得上顺利。\n之所以这样，和贾跃亭的运筹帷幄不无关系。据媒体分析，这和贾跃亭与其家人“反目”有关。\n此前，贾跃亭先后被前妻甘薇、哥哥贾跃民、妹妹贾跃芳起诉，分别索赔5亿美元、8亿美元、5000万美元。通过这种方式，贾跃亭的总负债额度增高，其他债权人的话语权被稀释，破产重组方案得以顺利通过。此外，以家人们债务额度来看，假如FF上市成功，贾跃亭并不是一无所有。\n贾跃亭的还账方式，并不仅仅是暂停“逼债”那么简单。据媒体介绍，债权人给贾跃亭的诉讼静止期是4年，也就是说债主在4年内，不会对贾跃亭提起诉讼。如果没有其他债务，贾跃亭的“老赖”身份或许也会被解除。在这种情况下，就给了他足够喘息时间，也给了他“洗白”的机会。\n前途未卜的FF\n一直以来，在贾跃亭名誉无法恢复的情况下，影响最大的其实是FF的融资。\n贾跃亭为FF融资也费尽心思。为此，贾跃亭选择卸任FF的CEO。\n2019年9月3日，FF宣布毕福康成为FF全球CEO，贾跃亭出任CPUO（首席产品和用户官）。从融资历史来看，“去贾跃亭化”确实取得了一定效果。\n\n据企查查统计，FF先后融资已有9次，总额数百亿元。\n\n按理说FF融资金额已经不少，但是资金实际到账多少还是未知，此外，投资方具体出资方式也不明确。\n业内人士分析，FF实际到账或许并没有看起来那么多，不然贾跃亭不会如此着急融资。此外，电动汽车行业烧钱恐怖，蔚来、小鹏、理想均融资数十亿美元，FF资金压力自然不小。\n如今，虽然FF上市在即，但是业内对FF并没有那么看好。\n首要原因是，FF至今还未真正卖出过一辆车。\n时间回到2015年，贾跃亭宣布造车，豪言称要全部链接乐视生态链，形成闭环。然而，6年过了，乐视也已退市，而FF一辆汽车都未交付。再看同期的其他国产电动汽车品牌，业绩斐然。\n就拿2021年上半年来看，蔚来汽车、小鹏汽车、理想汽车销售量，分别4万辆+、3万辆+、3万辆+，就算刚崛起的哪吒汽车，上半年累计销售量也突破了2万辆。\n再看FF的进度。2021年5月，首个FF未来主义者体验中心才落户美国纽约曼哈顿。\n\n唯一能让贾跃亭欣慰的，只有FF的官网预定量。据FF透露，到今年1月份，FF91的预订量已经超过1.4万。如果以FF91定价10万~18万美元来算，FF至少有14亿~25.2亿美元的订单。但是，数据是否真实也无从考证。\n目前，FF91在中国已经接受预订，定金5万元。但是受关税等因素影响，国内售价或将达200万元以上。如此高昂的电动汽车，在国内是否有市场也是未知数。\n为了证明自身的实力，FF选择继续“画饼”，FF曾表示，面向大众的FF81和FF71已在研发中。据悉，FF81起售价5.9万美元，对标特斯拉model S等高端车型。FF71预计2022年开始进行设计和开发，起售价为4.5万美元，面向中端消费者。\n外界不看好FF，还有一个原因是FF的产能能否足够，尚未可知。\n此前，FF宣布汉福德工厂已经具备了量产能力，年产能为10000辆，但是要在FF与PSAC的合并后的12个月内开始投产。\n此外，据媒体报道，FF还正在与韩国一家领先的制造伙伴合作，生产FF的后续车型。\n同时，FF也宣布，已与吉利集团签署框架合作协议，并探讨由吉利与富士康的合资公司提供代工服务的可能性。\n但是这些消息表明，FF的产线并未完善，量产能力还只有口号。再看国内其他品牌：小鹏汽车目前规划总产能为35万辆；理想汽车目前年产能为10万辆，但是其年产能10万辆新厂房2022年将完工；蔚来CEO李斌近期表示，蔚来第二家工厂明年三季度投产，年产能100万辆。\n与其他新造车品牌相比，FF貌似处处是短板。贾跃亭蛰伏如此之久，或许FF在技术方面有大招也不一定，但是也只能在一年后才能揭晓答案。\n今年4月，仿佛看到曙光的贾跃亭再被重击。乐视网称收到证监会北京证监局送到的行政处罚决定书，因乐视网2007年至2016年连续十年财务造假，乐视网被处以2.406亿元罚款，贾跃亭被罚款 2.412亿元。对贾跃亭质疑的声音更多。\n7月，是FF上市关键的一个月，FF能够顺利上岸？上市后股价如何？FF该怎么打开市场？都是横在贾跃亭前面的一道道沟壑。","news_type":1,"symbols_score_info":{"PSAC":0.9}},"isVote":1,"tweetType":1,"viewCount":1457,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":2,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}