The financial data show that, as at 31 March 2023, the FF quarterly operating expenditure was $83 million, of which R&D costs accounted for 56 per cent of total operating expenses; a quarterly net income of $6.5 million was net cash for operating activities of $103.2 million. With regard to asset liabilities, the total FF assets as at 31 March 2023 amounted to $575 million, with a total liability of $319 million. Since its inception, the accumulated losses of companies have been approximately $3.55 billion.

During the first quarter of this year, FF operating expenses have been substantially reduced. FF noted in the financial statement that the changes in operating expenses are mainly due to reduced costs of engineering, design and testing (ED&T), since in 2022 companies completed essentially research and development activities related to FF 91 and focused on production-related capitalization activities, as well as the reduction of corresponding professional services and other precipitation measures resulting from the completion of the Special Commission of Inquiry survey.

With regard to cash flows, FF indicated that in the first quarter FF had successfully absorbed a total of $135 million. To date, FF has received $120 million in replenishment, which is healthy. Currently, the FF capital team continues to mobilize additional funds for the production, delivery and productivity of companies.

It was noted that on 9 May FF announced a commitment of $100 million for additional unsecured convertible instruments. In addition, FF has a residual financing commitment of $35 million. In addition to the revenue generated by the sale of vehicles, FF is expected to receive $242 million in additional financing (option rights are attributed to existing investors).

In addition, FF has an equity credit of up to $350 million, but it has not yet been used.

“In addition to financing, we have also implemented a number of precipitation measures that allow us to focus on delivering core projects of FF91, which will continue to improve efficiency and reduce the cost of materials, as well as to develop a detailed road map to reduce the cost of engineering and business.” FF High Authority stated at the Q1 Investor’s Telephone Conference,

It is worth noting that, nine years since its inception, the Jaap booths have finally reached the bulk of FF91 production.

FF stated at the investor conference that the FF Hanford factory was working to climb the slope and had produced 40 vehicles for engineering, testing, marketing and users.

Currently, FF 91 compliance certification is under way as planned and most FMVSS tests have been successfully completed. Among them, the most difficult collision subjects have been carried out and successfully adopted, including positive, side-by-side and later collision tests for vehicles.

In terms of systems and software, FF has introduced the generation-oriented AI product group, combining the basic capacity of FF with a platform for calculating, operating systems, ultra-tracking, AI and natural language processing, multi-scoring screens and generation of AAI capabilities, to allow visual interaction within the vehicle.

It is planned that FF will commence delivery of the first phase of FF 91 by the end of May.

At the SOP ceremony at the end of March this year, FF published three-stage strategic development paths:

The first phase aims to deliver FF 91 Futurist Alliance, FF 91 Futurist and FF 91 to the world’s sophisticated users on time, to subvert the traditional ultra luxury vehicle brand, and to reach as soon as possible the first goal of the global supertagonist market;

The second phase aims to introduce a follow-up vehicle model, achieve rapid exponential growth in sales, rapidly growing eco-income and scale-up;

The third phase is aimed at achieving a sustained rapid growth in smart end-markets, with an increase in ecological (including software, Internet APP, shared) income, and an increasing share of FF eco-income in total profits, becoming one of the leading high-value-user market leading military enterprises.

Currently, FF has established complete marketing processes, including marketing, filling, rescue, post-sales and mobile services. Of these, FF mobile services are expected to be launched in the Los Angeles City, San Francisco Bay, Santiago and New York City districts in 2023.

Despite more FF releases good news, FF prices have again declined to less than $0.2 on the secondary market, owing to the continuous “spreading” of FF 91 delivery time, with market value of only $149 million.

(HEA.CN)

From 0:00 to 24:00 on March 6, there were 5 newly confirmed cases in the province (including 2 confirmed cases imported from abroad and 3 confirmed cases imported from asymptomatic infection abroad); 20 cases of asymptomatic infection imported from abroad; No new suspected cases.

From January 21, 2020 to 24:00 on March 6, 2022, 2690 confirmed cases (2509 cases locally and 181 cases imported from abroad) have been reported in the province, 29 hospitalized cases (1 case locally and 28 cases imported from abroad) and 57 asymptomatic infections still under medical observation (57 cases imported from abroad). A total of 64133 close contacts were tracked and 252 close contacts were being observed.

Henan Provincial Health Commission reminds you:

Wear a mask and pay special attention to the place where people gather; Wash hands frequently and avoid touching mouth, eyes, nose and other parts with unclean hands;

Ventilate regularly, and open windows for ventilation at least 2-3 times a day;

Gather less, reduce unnecessary gatherings and dinners, and maintain a social distance of more than one meter in public places;

Use public spoons and chopsticks, and disinfect the tableware after use.

Especially for nucleic acid detection, wear masks, keep one meter line and cooperate well;

Take the initiative to vaccinate Xinguan vaccine and cooperate with the community to carry out flow regulation and sampling.

Seek medical treatment scientifically. If there are respiratory symptoms such as fever, dry cough and sore throat, seek medical treatment nearby in time.

Work together to fight the epidemic!

Lin nianxiu said that maintaining the security and stability of the industrial chain and supply chain is a strategic requirement for building a new development pattern, which is related to the long-term development and long-term stability of the country. The CPC Central Committee and the State Council attach great importance to the safety and stability of the industrial chain and the supply chain. In recent years, the national development and Reform Commission, together with relevant departments, has earnestly implemented the decisions and arrangements of the Party Central Committee and the State Council, made great efforts to revitalize the industrial economy, dredge the blocking points, unblock the economic cycle, greatly improve the toughness of the industrial chain supply chain, and constantly improve the ability and level of ensuring safety and reliability. To sum up, it is embodied in the four words “Geng”.

First, the operation is more stable. The industrial economy continued to develop steadily. In 2021, the added value of industries above designated size increased by 9.6% year-on-year. Key industries and key areas maintained stable operation. The supply and price of bulk commodities and raw materials are stable, powerful and orderly, and effectively prevent the impact of excessive price fluctuations on the industrial chain and supply chain.

Second, the structure is better. Breakthroughs have been made in tackling key core technologies, and the leaps of “from scratch” and “from never available to easy to use” have been realized in many fields. The vitality of enterprises continues to burst, and the economic benefits have been significantly improved. A number of excellent enterprises and heavy weapons of large countries have become national business cards. A large number of “specialized, special and new” small and medium-sized enterprises have accelerated their emergence and are expected to become “stars of tomorrow”. Across the country, strategic emerging industrial clusters with their own characteristics and complementary advantages continue to grow and become an important carrier for maintaining and stabilizing the chain.

Third, more stamina. The potential energy of transformation and upgrading in the industrial field has accelerated, and the kinetic energy of technological innovation has been continuously enhanced. In 2021, the national investment in high-tech industry increased by 17.1% year-on-year, 12.2 percentage points higher than the growth rate of total investment; The investment in technological transformation of manufacturing industry increased by 13.6% year-on-year, continuously leading the growth rate of all investment in manufacturing industry, injecting new impetus into the optimization and upgrading of industrial chain and supply chain.

Fourth, it is more competitive. The export scale and international market share reached a record high, and the delivery value of industrial exports increased by 17.7% year-on-year in 2021. 5g network facilities and applications take the lead in the world. The production and sales of new energy vehicles have ranked first in the world for seven consecutive years. The output of photovoltaic modules accounts for more than 70% of the world. The technical level of equipment such as power transmission and transformation and rail transit has taken the lead in the world. The advantages of China’s long board industry have been continuously strengthened, and its position in the global industrial chain supply chain has been significantly improved.

Lin nianxiu said that the current internal and external environment for economic operation is still complex and changeable, and there are still many difficulties and challenges to maintain the safety and stability of the industrial chain and supply chain. It takes hard work to do a good job this year. Next, the national development and Reform Commission will work with relevant departments to solidly promote the work of ensuring and stabilizing the chain, focusing on five aspects, which can be summarized as “five sustainability”.

First, continue to make up for weaknesses. According to the “barrel” theory, the short board determines the capacity. The weakness of major industries is often the bottleneck of healthy economic development. We will focus on key areas such as the national economy and the people’s livelihood and strategic security, pay close attention to the “neck” weak links, promote short board research, iterative application and ecological cultivation, and fight for key core technologies. A number of industrial foundation reconstruction projects will be launched to break through the weaknesses in the basic field and consolidate the foundation of the industrial chain and supply chain.

Second, the advantages of continuous forging of long plates. The long board is where the competitiveness lies and the “killer mace” of industrial competition. We should strive to make the long board longer. On the one hand, in the transformation and upgrading of traditional industries, forged long plates will accelerate the implementation of the five-year action plan to enhance the core competitiveness of the manufacturing industry and create a competitive advantage of the whole industrial chain in key areas. On the other hand, in the cultivation of emerging industrial chain, we should cultivate the growth board, grasp the development opportunities in frontier fields, deeply implement the national strategic emerging industry cluster development project, and accelerate the development of new industries, new forms and new models.

Third, continue to break the bottleneck constraints. The key is to maintain the stability of industrial chain and supply chain and smooth economic cycle. At present, efforts should be made to solve the problem of chip shortage in automobile and other manufacturing fields. Last year, due to the influence of various factors, there was a global supply shortage of chips. This problem will be solved this year. We will continue to ensure the supply and price of bulk commodities and raw materials, strengthen the construction of the “production, supply, storage and marketing” system, and strengthen the effective supervision of the futures and spot markets. Implement the industrial chain and supply chain connection project in key areas, establish ecological consortia such as collaborative R & D, product development and experimental verification, and rely on leading enterprises to maintain and stabilize the chain.

Fourth, we will continue to deepen opening-up and cooperation. Support the development of cross-border e-commerce and overseas warehouses, and promote the efficient operation of foreign trade industry chain and supply chain. Improve the quality of foreign capital utilization, encourage foreign-funded enterprises to increase investment in high-end manufacturing and high-tech fields, and support the innovative development of Foreign-Funded R & D centers. Implement regional trade agreements such as RCEP with high quality, make good use of various multilateral mechanisms, and build a mutually beneficial and win-win industrial chain supply chain cooperation system.

Fifth, continue to strengthen risk prevention. Establish an industrial chain supply chain risk monitoring system, improve the risk research and judgment and early warning disposal mechanism, improve the ability of risk identification and accurate disposal, press and compact the responsibilities of all parties, strive to achieve early risk detection, early report, early research and judgment and early disposal, and effectively ensure the safe and stable operation of the industrial chain supply chain.