“Of course we saw it, because the car (FF91) is what we unloaded!†On May 4th, a LeTV-related staff member expressed such an attitude to the NBD car at the door of LeTV Sports, a creative plaza at the Jiuxian Bridge in Beijing. According to media reports, on April 29th, FaradayFuture (FF), which was originally scheduled to exit in early May, was FF91, two Internet-based electric smart cars. It completed customs procedures in advance and shipped customs clearances to FF China. On May 4th, the NBD car arrived at the site of the Jiudian Bridge Creative Park in Beijing. There are two buildings of LeTV and LeTV. At the door of LeTV Sports, NBD cars learned after chatting with related staff of LeTV. On April 29th, after arriving in Beijing, FF91 was shipped directly to LeTV. With FF91 "returning to China," the industry has the view that former chairman of LeTV.com Jia Yueting may take this opportunity to resume the dream of the car. In this regard, the automotive industry analyst Jia Xinguang believes that regardless of the future of Jia Yueting, only took out a production car is a guarantee, what was said to be very imaginary. According to Ye Shengji, deputy secretary-general of the China Association of Automobile Manufacturers, the Internet's concept of building a vehicle has only landed on the traditional production and manufacturing industry, and the prospects for future development will be promising. FF mass production soon? For FF's progress in making cars, LeTV Automotive stated to the NBD that around 20th May, the FF plant in Hanford, California will gradually introduce production line equipment and install it. An informed person close to FF told NBD that FF will try its best to build a production car at the required time. "In fact, FF has been building a batch of manual prototypes for the later sales of FF91 to prepare for the opening of domestic and foreign sales channels." Earlier media quoted informed sources as saying that investors are very strict with the FF's development plan and require that FF must achieve mass production within this year, otherwise it is equivalent to breach of contract, and Jia Yueting will assume a large amount of liquidated damages. At the same time, Jia Yueting did not put all his manufacturing efforts into the FF factory in the United States, and he began to take actions in the country. On April 8, the website of Guangzhou Public Resource Exchange Center announced that Rui Chi Smart Car (Guangzhou) Co., Ltd. (hereinafter referred to as Rui Chi Auto) won approximately 601 acres of manufacturing land in Nansha District of Guangzhou for a price of RMB 366.1 million. The purpose is the second type of industrial land, and the transfer period is 50 years. According to the Land Listing and Leasing Notice issued by the National Land Resources and Planning Bureau of Guangzhou Nansha Development Zone, Rui Chi Motors must introduce a pure electric vehicle assembly project with world-class pure electric vehicle R&D and manufacturing levels within one month after the land acquisition, and it is required to “transfer from the landâ€. The construction and construction will start within one month from the date of the project and will be completed and put into production within 24 months." Regarding the relationship between Ruixin Automobile and FF, on April 11th, LeTV.com stated in its reply letter to Shenzhen Stock Exchange that Ruichi Automobile is an affiliate of FF. LeTV insiders also expressed to the NBD that “Ricardo is like a brother company of LeTV, but the former exists as a separate operator and they recruit people independently, except that R&D and LeTV are the same legal entity. However, they have nothing to do with LeTV. In the future, if we want LeTV to participate in related work, we may join. Previously, there were rumors in the industry that FF domestically made or will settle in Nansha Base. The above-mentioned LeTV insiders confirmed this to the NBD vehicle. In the case that LeTV has not yet paid off, Jia Yueting will spend another 400 million yuan to purchase land. Where does the money come from? There have been media reports before that the Evergrande Group's Hong Kong-based fund had invested in FF's offshore company registered in Cayman at the end of 2017, with an investment of approximately US$300 million. At that time, FF's valuation was only US$1.5 billion. If calculated, the Evergrande Group may hold FF’s 20% stake in Cayman. In response, an employee of an FF China company, who asked not to be named, also introduced the NBD car. The early stage work of the Guangzhou Nansha project is likely to be led by the investor, but the major shareholder of Ruichi Motors is still the French and French automobile ecology (Hong Kong ) Ltd. Moganshan is still waiting for funds For this FF91 return home, and Rui Chi Auto as an FF affiliate company to win 601 acres of land in Guangzhou Nansha District, the industry believes that this is FF preparation for the domestic FF91. “FF plans to achieve the independent R&D and production of two new vehicles in China before the end of 2020.†According to an informed source close to FF, “However, the specific details of FF’s independent R&D production in China are still being discussed. Currently, it is only large. Do planning in the direction." The NBD car learned that after the FF was successfully funded from the end of last year, LeSco internal workers had begun to prepare for the localization of FF's cars. “In the past six months, the company’s relevant departments have been in contact with LeTV’s earlier suppliers, including vehicle sales and parts suppliers.†The above close to the FF informed the NBD car, “Because LeTV since July last year Due to the indebtedness of many jobs, all jobs are in a stagnant state, and after the FF financing is in place, the work has started again." It is worth noting that, apart from the Nansha plots owned by Rui Chi Motors, LeTV has also invested in the Moganshan Leshi Eco-Industrial Park. On December 9, 2016, Leshi Eco-Car (Zhejiang) Co., Ltd. won a plot of land on the northern side of Chuangye Avenue, in the north of the Shacun block in the Deqing Economic Development Zone, Zhejiang Province. The area of ​​the sale was 9.004 million square meters, which was used for industrial purposes. The transaction price was 2.79. 100 million yuan. In April 2017, LeTV acquired approximately 679 acres of land in Deqing, Zhejiang, with a total transaction price of approximately RMB 140 million. So far, LeTV has received about 2,029 acres of industrial land and paid 420 million yuan of land for industrial use. It is used to build Leshi Auto Eco Industrial Park. Later, with the emergence of music as a crisis in the capital chain, Jia Yueting left the United States, and the Le Shi automobile project was suspended, the Moganshan Leshi Automobile Ecological Industrial Park project was also stranded. From the response of the Management Committee of the Moganshan Hi-tech Zone in Huzhou, Zhejiang on April 23, it can be seen that the Levision Auto Project started suspending construction in July 2017 due to problems with the previous capital. According to NBD Auto, after the suspension of construction last year, a number of state-owned enterprises visited the Leshi Ecological Auto Industry Park in Moganshan, which also included mainstream car companies. Before that, some media had disclosed that FAW-Volkswagen was negotiating Moganshan Leshi Automobile Industrial Park. In this regard, the close to the FF informed the people do not want to comment, but said to the NBD car, Moganshan project is sold or not, but also need to see whether the funds of the investor can be put in place, if the funds can be put in place, the base can be saved. "After all, it takes a lot of money to develop according to the original plan."
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