According to the US auto news report, due to the arrears of the project, LeTV Group Chairman and CEO Jia Yueting is facing a downtime in a car factory under construction in the US state of Nevada with a $1 billion investment. Located near Las Vegas, this factory is owned by Jia Yueting's personal investment in Faraday Futures. The US media said that due to the arrears of the $21 million project in September, the contractor Aecom sent a letter to Faraday's future company. If the money is still not received within 10 days, the construction will stop. The letter also lists Faraday's need to pay $25.3 million in October and $11.8 million in November. This raised the doubts about Faraday's financial situation, and Jia Yueting's high-profile car-making plan was once again questioned. 澎湃News has verified this with LeTV, and the other party said that “Faraday has completed the request for designing third-party escrow funds to be established in Nevada. This account is established for a design-type financial obligation of no more than $13 million. With regard to the $75 million guarantee from the Nevada Finance Minister, Faraday promised to the government to fulfill all necessary requirements when the government issued SB1 bonds. Faraday Future and Aecom (Note: Aecom provides expertise and management The global consultancy group serving the business, including transportation, infrastructure, environment, energy, water and government services, has a strong relationship and we are committed to building our future factory in North Las Vegas." This statement is considered to be an explanation of the arrears of construction, and the analysis suggests that the future aspect of Faraday’s interpretation of “arrears†is “on the roadâ€. Fan Shiming, an expert in the automotive industry and an analyst at Minghua Youdao Consulting Co., said that he was "strange." "Lee's explanation is a rhetoric to solve the public relations crisis. If it is said, the contractor is asking for a letter and threatening to stop work. LeTV can explain this to the builders. Why has it dragged on for so long? Things have evolved into one In the public relations incident, LeTV came out to explain that the upper limit of the amount owed by the other party’s account was not enough, obviously to solve the public relations crisis, and it was not convincing." The $1 billion manufacturing facility was the first project introduced in the Apex Industrial Park in Las Vegas, and received a $335 million tax and capital incentive from the Nevada State Government. In return, Faraday promises the future. In the past six years, I invested $1 million a year in Clark County, where the factory is located, to support local primary and secondary education and solve the employment problem of 4,500 local people. It is also based on the promise of LeTV and Faraday's future that the Governor of Nevada has pledged to provide the necessary infrastructure for the future Faraday factory, including railways, water and electricity, and to deliver on schedule. At the same time, in support of the development of the factory, Las Vegas is building the first electric car highway in the United States. In the future, Faraday said at the beginning of this year that it will build a 3 million square foot (about 279,000 square meters) plant on 900 acres of land. Dag Reckhorn laid the foundation for the plant on April 13th. The ceremony said: "Under the guarantee of the quality of the project, we plan to complete such a project that usually takes four years to complete." A future Faraday staff member told the media that if everything goes well, The first phase of the plant will be completed in nine months. This means that Faraday's first smart electric car will be put into production in 2017 at the earliest. The planned capacity of the first phase of the plant is 100,000 to 150,000. LeTV has released LeTV supercar new products to the US market. But the outside world’s doubts about the company have not stopped. According to public information, Faraday's future company is headquartered in Gardner, California, the technology operation center is located in Silicon Valley, the R&D center is located in Los Angeles, and has branches in Düsseldorf, Germany and Beijing, China. The company currently employs approximately 600 people, including some of the best talented people from companies such as Tesla, BMW, Ford, GM and SpaceX. However, various facts indicate that Faraday's future corporate strategy is still not clear. The company has recruited hundreds of people at its headquarters in Southern California, including BMW designer Richard Kim and Tesla engineer Nick Sampson. The company was invested by LeTV's founder Jia Yueting. But apart from the simple concept of developing autonomous vehicles and using a flexible chassis to support multiple vehicle designs, the outside world knows little about it. Faraday said in the future that the company may use some sort of subscription model to operate. In this mode, users can call different types of driverless cars according to their needs. Faraday will participate in the International Consumer Electronics Show (CES) in January this year. This is the company's first media conference. At that time, Faraday proposed the concept of a super car in the future. At that time, the industry drama said that the concept car did not seem to have the basis for realization. On April 13, LeEco announced its supercar LeSEE concept car and made its debut at the Beijing Auto Show. Faraday's future North American plant is designed to produce Faraday cars and automotive products. However, in the absence of a factory, assuming that everything is on schedule, the company's vehicles will take at least two years to launch. "The more steps Lexus makes to build a car, the more problems there are." Feng Shiming said that for LeTV to build a car, both in terms of capital and talent. The most basic of the automobile industry is money and people. In terms of money, the car is a bottomless pit. LeTV has dismantled the east wall to make up the western wall. A three-day conference will seem to attract the public's attention. The actual purpose is to maintain the investor's confidence and encourage the latter to keep saving money once the investor Confidence is falling, capital is not available, and the pressure on all funds will be reflected. "Even if he (LeTV) flickers a lot of people, it is very difficult to make a car success." Feng said.
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