Introduction: Jia Yueting was the founder of LeTV and LeTV Auto, but the domestic development of LeTV Auto was not satisfactory. However, Faraday Future, which Jia Yueting launched in the international market, was successfully listed in 2021. While Faraday Future has won over some owners with its high-end positioning, deliveries are still scarce. Recently, Faraday Future has faced delisting and financial problems, which have frustrated Jia Yueting's plans to return to China again.
1.Jia Yueting is a well-known figure in the domestic Internet field, and founded LeTV Auto in 2014.
2.LeTV Auto has signed cooperation agreements with BAIC Group and Aston Martin, and the development momentum is gratifying.
Expanding: As a successful entrepreneur in the Internet field, Jia Yueting has always maintained a strong pursuit of innovation and disruption. In 2014, he founded LeEco Auto and positioned it as a supercar with the aim of creating the world's most advanced car. The development of LETV is very rapid, and in 2015, it signed strategic cooperation agreements with well-known automobile brands such as BAIC Group and Aston Martin. These collaborations have enabled LeEco to receive more resources and support, laying a solid foundation for its future development.
1. Faraday Future is Jia Yueting's new attempt after the failure of LeTV.
2. Faraday Future and Tesla have similar product positioning.
3.Faraday Future's first model, the FF91, rolls off the assembly line in 2023 and is priced at nearly 2.2 million yuan.
Expanding: Although LeTV did not achieve the expected results in the domestic market, Jia Yueting did not give up, but turned his attention to the international market. Faraday Future, which he founded, is positioned as a high-end electric vehicle brand similar to Tesla. In April 2023, Faraday Future's first model, the FF91, officially rolled off the assembly line. FF91 is very expensive, reaching nearly 2.2 million yuan. This high-priced positioning makes it a high-end luxury car that has attracted the attention of a part of the wealthy and car fans.
1. Faraday Future's stock price** and faces the risk of delisting.
2. Faraday Future's deliveries are very limited, still in the single digits.
3. Jia Yueting himself is also one of the owners of FF91.
However, Faraday Future encountered a series of problems and difficulties in the process of development. The company's share price continues to be ** and is at risk of being delisted. This is mainly due to financial problems caused by tight cash flow. Also, while deliveries of FF91 have already begun, deliveries are still very limited and far from expectations. According to reports, since the delivery, the cumulative number of deliveries of the new car has been in the single digits, including Jia Yueting himself. This low production situation made Faraday Future a huge challenge, and Jia Yueting's plans to return to China became more and more difficult.
Summary: Jia Yueting founded Faraday Future after the failure of LeEco and positioned it as a high-end electric vehicle brand. Although the FF91 is priced at nearly $2.2 million and has attracted some car owners, Faraday Future still faces the dilemma of stock price**, delisting risk and low delivery volume. This made Jia Yueting's plan to return to China another setback. In the face of the current severe situation, Faraday Future needs to increase its efforts to overcome difficulties and seek a sustainable path. For Jia Yueting, he needs to recognize the reality, use his own wisdom and experience, find a solution to the problem, and make more useful contributions to Faraday's future development.