On the first day of FF‘s listing, Jia Yueting, who had not shown his face for a long time, appeared on the Nasdaq exchange. He told reporters that he planned to return to China. Regarding the debt issue that the public is most concerned about, Jia Yueting responded briefly: “I will solve it completely.” The listing does not mean that Jia Yueting will be able to pay off the debts of creditors. Chen Zhe, a global partner of FF, told reporters that it is necessary to wait until the market value of FF reaches a certain level and the creditors can cash out of the trust in order to be repaid in full.
It is understood that after the listing, FF will get new financing worth 1 billion US dollars.
Before the listing ceremony, Bi Fukang introduced the FF user ecosystem. He said that FF has applied for 880 automotive-related patents, of which 550 patents have been passed.
He revealed that FF 91 has entered the pre-production stage and will be limited to 300 units worldwide. Only a few selected users are eligible to be invited to be the first users. With the continuous expansion of production scale, sales of FF 91 will reach 40,000 units in the next two years, and sales of 270,000 units will be achieved within five years. The first batch of FF 91 is expected to be delivered within 12 months.