Page 9 - THE SOUTH CHINA BUSINESS JOURNAL
P. 9
d winds will give one a leg up to reach a new FF’s Future FF91 interior - Third internet living space
level. Good timing, geographical convenience is bright
and harmonious human relations are the top three under the
factors that Chinese believe in when it comes to big EV
success. Among them, "Momentum" is the most trend
critical factor, which means that timing is the most
important element. With the key momentum in and tax incentives, the construction of 500,000 charging 2021 and 2025. The US NEV market is expected to make
place, even if there is a slight lack of geographical stations by 2030, and the electrification of school bus, public significant growths following China and Europe.
convenience and harmonious human relations, it buses and federal fleets.
will not affect the outcome of success. According to the latest list of PIPE (Private investment
IDC predicts that China's new energy vehicle market will see in public equity) investors released by SEC, BNP Paribas
After its rebirth through the successful IPO, FF has strong growth within the next five years, with a compound Funds Energy Transition has invested $40 million in FF
reached its momentum. annual growth rate (CAGR) of 36.1% from 2020 to 2025. on behalf of BNP Paribas Asset Management. BNP Paribas
Overall sales are expected to reach 5.42 million units by Asset Management is one of the largest banks in Europe and
After several years of development, with the joint 2025, and the market size could reach trillions. On the a world’s top 30 fund companies, currently managing 445
support of new-generation EV manufacturers and other hand, the U.S. NEV market is expected to reach 3 billion euros in total.
traditional automobile manufacturers, new energy million units by 2025, and 8 million units by 2030, with a
vehicles have become a major trend. With the boost penetration rate of nearly 20% by 2025 and 50% by 2030. Compared with other US listed EV manufacturers such as
from the capital market, the NEV market has become The compound growth rate would reach 50% between Lucid and NIO, FF has always been interpreted as
the hottest market in the world, and FF's listing on
NASDAQ is the best presentation of the capital boost SOUTH CHINA BUSINESS JOURNAL 16
under this major trend.
"FF's listing on NASDAQ is a new chapter in FF’s
history, marking the culmination of a noble vision and
mission created seven years ago in California by our
founder YT Jia", said Dr Carsten Breitfeld. FF was born
with the unique benefits of Dual Home Market Strategy
and Dual-Genetic Advantage in China and the U.S.,
attracting investment from top-tier Chinese investment
institutions and large private automakers, as well as
European and American capital.
Nowadays, the new energy support policies
continuously introduced by China and the U.S.
governments have become key boosts for FF. This
is another momentum for the "Dual Home Market,
Dual-Gene" FF, after its successful listing on NASDAQ.
According to the government work report and
the 14th Five-Year Plan disclosed by the Chinese
government, which highlighted the need to improve
the control over total energy consumption and
intensity, China will focus on controlling fossil
energy consumption. The research "China Carbon
Peak Study by 2030" predicted that the development
of new energy vehicles will be vigorously promoted,
with more than 60 million units to be retained by
2030 in China. During the top-level Central Political
Bureau Conference on July 30, China's top brass
made it clear that they wanted to "accelerate the
development of new energy vehicles". Obviously,
through the energy revolution, the country is
building a clean, low-carbon, safe and efficient
energy system, which will be an important goal for
China for a long time to come.
Meanwhile, the United States also began to make
efforts. President Joe Biden recently stated that
electrification is the future, and the White House
will introduce a series of measures to support the
development of new energy vehicles. In March, the
United States introduced the "Infrastructure Project",
investing $174 billion to support the development of
the U.S. EV market, covering the improvement of the
domestic industry supply chain, EV sales discounts
15 AMCHAM SOUTH CHINA
level. Good timing, geographical convenience is bright
and harmonious human relations are the top three under the
factors that Chinese believe in when it comes to big EV
success. Among them, "Momentum" is the most trend
critical factor, which means that timing is the most
important element. With the key momentum in and tax incentives, the construction of 500,000 charging 2021 and 2025. The US NEV market is expected to make
place, even if there is a slight lack of geographical stations by 2030, and the electrification of school bus, public significant growths following China and Europe.
convenience and harmonious human relations, it buses and federal fleets.
will not affect the outcome of success. According to the latest list of PIPE (Private investment
IDC predicts that China's new energy vehicle market will see in public equity) investors released by SEC, BNP Paribas
After its rebirth through the successful IPO, FF has strong growth within the next five years, with a compound Funds Energy Transition has invested $40 million in FF
reached its momentum. annual growth rate (CAGR) of 36.1% from 2020 to 2025. on behalf of BNP Paribas Asset Management. BNP Paribas
Overall sales are expected to reach 5.42 million units by Asset Management is one of the largest banks in Europe and
After several years of development, with the joint 2025, and the market size could reach trillions. On the a world’s top 30 fund companies, currently managing 445
support of new-generation EV manufacturers and other hand, the U.S. NEV market is expected to reach 3 billion euros in total.
traditional automobile manufacturers, new energy million units by 2025, and 8 million units by 2030, with a
vehicles have become a major trend. With the boost penetration rate of nearly 20% by 2025 and 50% by 2030. Compared with other US listed EV manufacturers such as
from the capital market, the NEV market has become The compound growth rate would reach 50% between Lucid and NIO, FF has always been interpreted as
the hottest market in the world, and FF's listing on
NASDAQ is the best presentation of the capital boost SOUTH CHINA BUSINESS JOURNAL 16
under this major trend.
"FF's listing on NASDAQ is a new chapter in FF’s
history, marking the culmination of a noble vision and
mission created seven years ago in California by our
founder YT Jia", said Dr Carsten Breitfeld. FF was born
with the unique benefits of Dual Home Market Strategy
and Dual-Genetic Advantage in China and the U.S.,
attracting investment from top-tier Chinese investment
institutions and large private automakers, as well as
European and American capital.
Nowadays, the new energy support policies
continuously introduced by China and the U.S.
governments have become key boosts for FF. This
is another momentum for the "Dual Home Market,
Dual-Gene" FF, after its successful listing on NASDAQ.
According to the government work report and
the 14th Five-Year Plan disclosed by the Chinese
government, which highlighted the need to improve
the control over total energy consumption and
intensity, China will focus on controlling fossil
energy consumption. The research "China Carbon
Peak Study by 2030" predicted that the development
of new energy vehicles will be vigorously promoted,
with more than 60 million units to be retained by
2030 in China. During the top-level Central Political
Bureau Conference on July 30, China's top brass
made it clear that they wanted to "accelerate the
development of new energy vehicles". Obviously,
through the energy revolution, the country is
building a clean, low-carbon, safe and efficient
energy system, which will be an important goal for
China for a long time to come.
Meanwhile, the United States also began to make
efforts. President Joe Biden recently stated that
electrification is the future, and the White House
will introduce a series of measures to support the
development of new energy vehicles. In March, the
United States introduced the "Infrastructure Project",
investing $174 billion to support the development of
the U.S. EV market, covering the improvement of the
domestic industry supply chain, EV sales discounts
15 AMCHAM SOUTH CHINA
