August 8, according to foreign media reports, the California-based car startup company Faraday Future is facing a tough time, but its chief financial officer and chief operating officer Stefan Krause hopes people know that things Not as bad as it looks. VP Dag Reckhorn (left) and COO/CFO Stephen Kraus (right) speak to a group of employees at the new factory in Faraday Future Relationship with LeTV: "From a legal perspective, there is no connection between the two companies." Faraday Future announced that the company will establish a new manufacturing plant in California. Kraus wants to take the opportunity to draw a clear line between the company and the original investors and the current LeSports ecosystem in China. In 2016, Faraday's bright future in the coming years at the International Consumer Electronics Show demonstrated a super-running model, a fancy machine that seems unlikely to be realized. However, at the 2017 International Consumer Electronics Show, Faraday showcased a real car FF 91 in the future. Its technology and performance seem to be sufficient to enter the global market, competing with the Tesla Model X and other models. However, there have been rumors that the company has suspended construction of the Nevada plant in order to afford the show. Since LeEco took questions from the ecological capital chain, Faraday’s future prospects also seemed to be less and less optimistic. LeTV’s former CEO Jia Yueting stepped down. The company cut 70% of its U.S. employees and was even called a “Ponzi schemeâ€. This is an absolutely terrible news for Faraday's future. Since its establishment, it has been associated with Letv Ecology. Therefore, Klaus took all possible measures to make Faraday's future and LeTV's ecology clear. In an interview, Klaus said: "Legally speaking, we have nothing to do with LeTV." "They are part of our business. They are suppliers. If we lose this supplier, there will be many others. Suppliers." Jia Yueting provided most of the initial funding for the Faraday Future and attended two CES events. But now, Klaus only wants to keep the distance. Klaus said that if LeTV no longer exists tomorrow, it will not affect Faraday: "China's liquidity situation will not affect FF." We are a completely independent company. †Raising funds to continue to develop FF 91 Klaus’s current focus is on raising funds to keep the company running and allowing the company to begin its promised manufacturing industry by the end of 2018. To achieve this goal, the company has already selected a site for a new factory - the Pirelli factory in Hanford - and FF is preparing to establish a new factory here, where the company hopes to produce "FF 91" - albeit in limited quantities. Up to 10,000 vehicles a year. At least for now, although the development of FF 91 has not stopped, the plant in Nevada is no longer there. Claus said, “The company continues to operate. We still have more than 1,000 employees. However, a quick look at Glassdoor, a career information website, will reveal that many employees have great concerns. One of the employees described the current situation as 'Chaos' and another means 'no money to pay for suppliers'." In fact, Claus is seeking $1 billion to continue developing FF 91 and putting it into production. "The interest rate is quite high," he said. “We are talking to a few interested people... At present, no investor has said 'no'.†The shadow of LeTV certainly will not help these discussions, nor will it help the increasingly fierce competition in the automotive industry. However, Claus is optimistic: "No one doubts that this industry has a great future. We are not in a dying industry. I think we are in the right place at the right time. We have the right team and the right ones. Technology and the right ideas to achieve this goal. We now only need to fight with financial weaknesses." (Open-air)
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