Jia Yueting posted a video on the social platform on May 7, not only responding positively to the rumors of Faraday’s future (“FF”) delisting, but also put forward a series of self-help decisions, including the upcoming commercialization of personal IP.
Source: Jia Yueting Weibo screenshot, Jia Yueting said bluntly in the video, “Last week Faraday received a letter of advice on delisting from NASDAQ in the future, and the company is facing a very great risk of delisting, but it is not as misunderstood by some media that it has been delisted.
” He stressed that he and management will do their best to restore compliance and strive to maintain FF listing qualification.
FF filed a complaint on May 1st to maintain its listing qualification through overhauling compliance.
Reviewing the development process of FF after listing, Jia Yueting believes that the direct cause of the above crisis in FF is the problem of funds, while the root cause is the problem of confidence and trust.
In order to save the FF delisting crisis, Jia Yueting said that he and Faraday’s future CEO Matthias will serve as joint CEO and share responsibility, and will also take all possible measures with the company’s management team to maintain the company’s compliance listing status and speed up the financing process.
In addition, it is worth mentioning that Jia Yueting also made a decision to start the commercialization of personal IP, to make some money as soon as possible, partly to repay debts and partly to save the company, to subsidize car construction and to support the basic operation of FF.
Jia Yueting stressed that if FF is really delisted, it will be a great loss to the auto industry in China, the United States and even the world.
He proposed that he plans to open to the whole industry a complete technology chain and value chain that has been fully adapted to the ecology of the US automobile industry over the past decade, and very leading products, technology, compliance, user ecological construction, and so on.
After the release of this video, many netizens think that Jia Yueting may be about to start “live delivery”, following the previous practice of Gaohe Automobile.
At present, Jia Yueting has more than 15 million Weibo fans and more than 1.
42 million Douyin fans.
Photo: Faraday Future, April 30, Faraday Future announced that it had received a letter from the Nasdaq Stock Exchange on April 24, saying that it would be removed from the Nasdaq because the closing price of FF shares was less than 0.
10 US dollars for 10 consecutive trading days, which did not comply with the Nasdaq listing rules.
As a smart electric car brand once thought to have a first-mover advantage, Ferrari has been making slow progress in the next decade.
It is understood that the delivery of its first production car, FF 91, began in May last year, with a price of $309000 (about 2.
195 million yuan), bringing a total of about 11 units to delivery.
After the release of the video, FFIE.US u.s. stocks rose more than 12% before trading, and then narrowed down.
At the close of trading on may 6th, FF was quoted at $0.
041, with a total market capitalization of $1.
7624 million (12.
72 million yuan), down nearly 99.
96% from its IPO peak.
, photo source: Baidu Stock Exchange, return to the home page of the first electric network.
