Jia Yueting's company also claimed to have a big move.

FaradayFuture official Weibo announced that it has signed a strategic agreement with Huanggang City, Hubei Province, intending to move its FF China headquarters to Huanggang.

On the morning of the 18th, the Huanggang government website announced that in order to speed up the layout of the new energy industry, Huanggang City is actively negotiating cooperation matters with the foreign-funded enterprise Faraday Future. The two parties have signed the "Strategic Cooperation Framework Agreement" in the third quarter of 2022.

  However, the two parties have signed a strategic cooperation agreement in the third quarter of 2022, but the Huanggang Municipal Government Work Report in early 2023 did not announce it as a major investment project.

Moreover, on the morning of the 18th, a reporter from China Business News asked relevant departments of the Huanggang Municipal Government, including the Development and Reform Commission and the Propaganda Department, for verification, and all the answers they received were "don't know."

  "This is not in line with common sense. Generally, the local government will publicize this kind of major investment attraction, but Huanggang is very low-key this time." Ye Qing, a special researcher at the Central Committee of the Democratic Progressive Party and an academic member of the Pangoal Institute, analyzed China Business News .

  FaradayFuture official Weibo announced the signing of a strategic agreement with Huanggang City, Hubei, and a new shareholder agreement with FF Global.

According to the framework agreement signed by the two parties, in order to further realize complementary advantages, mutual benefit and common development, both parties should contribute their respective advantages in investment, technological innovation, industrial transformation, location and policy.

It is expected that the Huanggang Municipal Government will actively assist FF in the industrial layout in Huanggang City, allocate relevant resources, and provide FF’s entrepreneurial projects in Huanggang City, including but not limited to financial and policy support.

Faraday Future intends to relocate its FF China headquarters to Huanggang City while retaining its global headquarters in Los Angeles, California.

FF China Headquarters is expected to be jointly funded and constructed by Huanggang Municipal Government Guidance Fund, related industry funds and FF.

The framework agreement has been signed in the third quarter of 2022.

  In fact, in recent years, the Hubei Automobile Corridor has shown a tendency to extend eastward. Before Wuhan Donghu High-tech Zone announced its entry into the intelligent networked automobile industry in a high-profile manner last year, Huanggang City introduced Weimar electric vehicles as early as 2018.

  At present, a new energy smart car production base invested by Weimar Motors with an investment of about 20.2 billion yuan is under construction in Huanggang. The first phase of construction has been completed and put into operation in 2020. The overall project will be completed and put into production in 2025. After completion, it can produce 300,000 new energy car.

  In April last year, the Grove Hydrogen Energy Vehicle Industrial Park also settled in Huanggang. It plans to build hydrogen energy vehicles, hydrogen energy batteries, and hydrogen production bases. The scale of vehicles has made Huanggang a strong city in the domestic hydrogen energy industry.

  Ye Qing believes that Huanggang's entry into the new energy automobile industry not only extends the corridor of Hubei's automobile industry, but also improves the shape of Hubei's automobile industry.

  But regarding FaradayFuture's voluntary announcement that it intends to move its Chinese headquarters to Huanggang, Ye Qing believes that it is still necessary to adopt a "cautiously optimistic" attitude.

  On January 10, local time in the United States, FF received another delisting warning from the Nasdaq stock market. This is the second time FF has received a delisting warning since it landed on Nasdaq through a backdoor for a year and a half.

Will the Huanggang Municipal Government help FF's financial crisis this time?