A few days ago, Jia Yueting posted a video on social media saying that he would save FF in five ways to save the company’s current bad situation.
Just last week, FF received a delisting letter from NASDAQ, and the company is facing a very high risk of delisting.
Jia Yueting and the company’s management did their best to restore compliance and strive to maintain listing qualification, and the company filed a complaint with Nasdaq on May 1 to maintain listing qualification through rectification of compliance.
Jia Yueting said that the direct cause of the above crisis is the problem of funds, and the root cause is the problem of confidence and trust.
Jia Yueting said that these five suggestions are personal views and do not represent the views of FF.
The five suggestions are: first, Jia Yueting and Matthias jointly serve as joint CEO and share responsibility.
But Jia Yueting also said the plan could face disapproval and increased legal risks for individuals.
Second, work with the company’s management team to take all possible steps to keep the company compliant and listed.
Third, make every effort to accelerate the financing process of FF, including the current CEO Matthias is also promoting significant financing and business expansion in the Middle East.
Fourth, FF’s complete technology chain and value chain, including products, technology, compliance and user ecological construction, are open to the whole industry, which can become new value realization and revenue opportunities for FF.
Fifth, Jia Yueting’s personal IP commercialization, earn some money as soon as possible, part of the debt repayment, part of the rescue company used to subsidize the construction of cars, and strive to complete the basic operation of FF, giving investors and shareholders confidence.
,” Jia Yueting also said that when he started a business in the United States, he was once a blank piece of paper.
He had experienced cultural conflicts and prejudices, encountered numerous detractions and slanders, and was covered with traps and pits everywhere.
Starting a business requires real-time self-reflection, but never doubt yourself and never compromise.
Throughout the video, Jia Yueting wants to emphasize that he will no longer compromise and will stand up bravely.
In 
, Jia Yueting in the video also reviewed the problems encountered by FF before.
in the first stage, 2021, FF logged on Nasdaq with a market capitalization of more than US $4 billion, and investors were full of confidence in the company, but the directors of SPAC used a large number of fictional short-selling reports and other excuses to set up a special committee and took this opportunity to take full control of the company because of personal interests to suppress many Chinese start-up teams, including Jia Yueting.
And drove away many core Chinese executives, and even Jia Yueting himself was almost excluded from the company.
For more than a year, the nearly US $1 billion raised from the listing was almost burned up, the mass production of FF 91 (parameter | inquiry) was delayed, and investor confidence was hit.
In the second stage of 
, in 2022, the company’s righteous management and employees survived adversity and finally succeeded in rectifying the chaos, but the haze still hung over, and Jia Yueting’s management authority was still greatly restricted.
The top management decision-makers did not take the maximization of the company’s interests as the first goal under the premise of legal compliance, did not make due changes, and the operating conditions were far from expectations, which once again consumed the company’s trust in everyone.
, the third stage, Matthias was appointed as CEO in the face of danger, which has brought about many changes, significantly improved the company’s technical ability, and greatly improved the company’s cost control ability and capital use efficiency.
However, FF is still unable to get rid of the shackles of history, still has not established a sincere and effective communication mechanism, trust and confidence is difficult to rebuild.
(compiled / Automotive Home Qin Chao), return to the first electric net home page >.
