On October 9th, "Grow Fandor" posted on Weibo that Jia Yueting's global IP commercialization company, "Grow Fandor," consisting of more than 10 partners from "League of Legends" around the world, has been officially registered and established in the United States and China. This marks the official launch and implementation of Jia Yueting's personal IP commercialization company after several months of preparation.
In order to better support Faraday Future (FF), the founding partner Jia Yueting has decided to:
1. Give FF nearly 60%, or 10%, of the 17% shares held by the individual in 'Grow Up! Striver'. After this is completed, FF will hold 10% of the company's shares, exceeding the shareholding ratio of any individual partner. Jia Yueting's shareholding ratio will become 7%;
2. 50% of all profits obtained from the "Growth! Striver" company in the future, including labor, IP related income, and equity income, will be invested in FF (through investment or borrowing), and 50% will be used to repay domestic debts. In addition, the income obtained from investing in FF will mainly be used to repay debts in the future.
"Grow up! Struggler" is a group of partners from China and the United States, including more than 10 core members from Internet, marketing, sales, automotive, video and other industries, with more than 20 years of experience.
Jia Yueting, the founding partner of the company, said, "Repaying debts and returning to my home country is something I must accomplish in the second half of my life. What I can do is to persist, not give up, and continue to move forward. I hope that the gift of my personal equity and income can effectively help realize FF's vision, and promote my personal repayment of domestic debts as soon as possible and return to my home country as soon as possible
On September 20th, Faraday Future (FF) announced the launch of its second brand, Faraday X.
According to the Beijing News Beike Finance, at the press conference, Jia Yueting, founder of Faraday Future, stated that the goal of the second brand mentioned above is to become the "Toyota" of the intelligent electric vehicle market, and will enter the extended range hybrid vehicle market in the future.
Faraday Future announced on its official Weibo account that the company has released its second brand Faraday X (FX) and product launch plan, aiming to become the Toyota of the AIEV era by offering two AIEV (Artificial Intelligent Electric Vehicle) products with "twice the performance and half the price" to American users.
The first batch of FX models will be the FX 5, expected to sell for $20000 to $30000, and the FX 6, expected to sell for $30000 to $50000, offering two powertrain options: extended range AIEV and pure electric AIEV. The goal is to start production by the end of 2025, provided necessary funding is obtained.
The company has established cooperative relationships with four Chinese vehicle manufacturers, signed two strategic framework agreements and two memorandums of understanding, and is further signing final agreements with these host manufacturers.
On September 19th, Jia Yueting posted on Weibo that he would deliver FF 91 2.0 Futurist Alliance to the Hollywood superstar agency Born Leaders Entertainment. This Hollywood superstar agency will also become a co creator for FF users and developers. The delivery ceremony is scheduled to be held on September 20th.
It is worth noting that this is FF's 14th car to be delivered, with the previous car delivered in August.
On June 7th, Jia Yueting posted a video on Weibo stating that before completing the strategic investor financing, FF will strive to deliver one new car per month.
According to official FF data, FF will deliver a total of 10 FF 91 2.0 Futurist Alliance vehicles throughout 2023. On February 7, 2024, FF announced the delivery of 1 FF 91 2.0 Futurist Alliance vehicle to the public.
Adding the two cars delivered in June and August, Jia Yueting has delivered 13 cars in 10 years of car manufacturing.
Daily Economic News Comprehensive from "Grow Fandor" Weibo, New Beijing News Beike Finance, Public Information