Faraday’s future net loss in 2021 was USD 517million, an increase year on year From Faraday future financial report

The following is the Faraday’s future net loss in 2021 was USD 517million, an increase year on year From Faraday future financial report recommended by recordtrend.com. And this article belongs to the classification: Enterprise financial report, New energy automobile industry, Automobile industry.

Recently, Faraday future (nasdaq: ffie) submitted the form 10-K annual report as of December 31, 2021 to the US Securities and Exchange Commission (SEC). The document shows that Faraday’s operating expenses in 2021 will be $354million, while in 2020 it will be $64.94 million; The net loss was US $517million, compared with us $147million in 2020.

As of december31,2021, the cash balance of the company was USD 505million. The cash balance as of march31,2022 was $276million. The decrease in cash was partly due to the planned repayment of $97million in notes and interest payable from December 31, 2021 to March 31, 2022.

The annual report also shows that FF top holding is the largest shareholder of Faraday in the future, holding 117705569 ordinary shares, accounting for 36.2%. FF top holding is controlled by Faraday’s future management. According to the data, Faraday’s future management committee holds 80% of the shares of FF top holding through FF global partners, which holds 100% of the shares, while the other 20% is held by Jia Yueting’s creditor trust.

Season smart Limited is the second largest shareholder, holding 66494117 ordinary shares of Faraday in the future, accounting for 20.5%. Season smart Limited is an indirect subsidiary of Evergrande group. In addition, the founding future credits trust holds 19901731 shares, accounting for 6.1%.

Among directors and senior executives, Jia Yueting personally holds 72749 shares, accounting for less than 1%. CEO Dr. Carsten breitfeld holds 866637 shares, accounting for less than 1%.

Jordan Vogel, the chief independent director, held 5173732 shares, accounting for 1.6%. Vogel was originally the chairman and co CEO of property solutions acquisition Corp, a “special purpose acquisition company” (SPAC).

Last January, Faraday future announced the merger with property solutions acquisition Corp. After the completion of the transaction, the merged new company will be listed on the Nasdaq stock market with the stock code of “ffie”.

Overall, Faraday’s future directors and senior executives (14 in total) hold a total of 8035633 shares, accounting for 2.5%. As of December 31, 2021, Faraday will have cash of USD 505million in the future.

Read more: Faraday’s future financial report: net loss of FF in 2021 was USD 517million read the prospectus of ideal automobile: revenue of 852million yuan in the first quarter Wei Lai: 4q19 financial report teleconference to analyze why the loss was more serious due to the increase in sales Xiaopeng automobile: the revenue in 2020 exceeded RMB 5.8 billion, and the annual gross profit for the first time became a regular passenger Association: Tesla sold 33463 vehicles in May, with a year-on-year increase of 202%. Xiaopeng automobile financial report: the total revenue of Xiaopeng automobile in 2021 was RMB 20.99 billion yuan 259.1% year-on-year growth ideal financial report: the ideal revenue in 2021 was RMB 27.01 billion, with a year-on-year growth of 185.6%. Wei Lai: the actual record of 4q19 financial report teleconference Li Bin said that the production capacity of Hefei factory would reach 4000 units / month. Rivian financial report: the revenue of Q1 and Q4 in fiscal year 2021 was USD 54million, and the net loss expanded year-on-year. Wei Lai: the revenue of 2q20 was RMB 3.72 billion, with a year-on-year growth of 146.5%. Xiao Peng automobile: the revenue of 1q21 was RMB 2.95 billion, with a year-on-year growth of 616%. Ideal automobile: the revenue of 4q20 was RMB 4.15 billion, with a month-on- Weilai automobile: 17353 new cars were delivered in 4q20, with a year-on-year increase of 112%. Tesla: the revenue of 3q20 was $8.771 billion, and the net profit increased by 131% year-on-year. Weilai: the sales volume increased by 352.1% year-on-year in January of 21, and 7225 cars were delivered, a record high

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