 This is MXUX. I'm going to do a quick video here on Fair Day Future in the SPAC PASC. This is about the CEO they have in Asia, the progress report on what's going on. Some notes from the CEO in USA and some other notes on the car. I do not think this SPAC is getting enough coverage. The price is down in April from $15 to $12. It was down 2% today. That's April 2021. Let's go to the slides. The first thing I want to talk about is they have a dual home market strategy at Fair Day, which I don't think it's anything new. GM has assets there and so forth. This is a strategy that they have come up with there. Their dual home markets are going to be China and the United States. Britt Feld is the global CEO. Chris Chan here is CEO of China. I guess it's going to operate like a conglomerate. I'm going to go into this little... Let me just go through these details here. Chris has a very impressive resume. He's got 20 years in autos. He has worked for the China assets of all these companies. Ford, Mazda, Cherry, Jaguar, Land Rover. I think his last position was an executive vice president. I believe that was at age 39. He was the youngest person to have a joint venture, a U.S.-China joint venture in China. Chris is experience-wise. He's gone through the whole gamut in 20 years. I put him right up there probably with his car knowledge. He's up there like a Sandy Monroe level and Britt Feld's level as well. He studied auto-design and manufacturing at Wuhan University. Wuhan University is one of the four elite universities from the Republican period in China. It presently has the highest rating for us in America and North America. I would imagine Ivy League. I don't know that that matters because his achievements speak for themselves. One interesting thing about Chris, I was reading up on him and I could not find my notes, but Chris is not a CCP member. However, he's been chosen. They have a special advisory board that works with the CCP in China. This board acts like the American equivalent would be like the Better Business Association, or you could do Better Business Association. I have down here auto-lobby-slash-auto-lobby. These are experts and they advise the CCP on legislation. They might propose legislation. Hardly any of the legislation they propose is enacted. However, much like a lobbying group in the United States, they provide all the expertise and input to the lawmakers and perhaps in this sense in a less biased manner. Many of the inputs they give to the CCP, they end up in legislation. The CCP does this in agriculture and manufacturing, autos. It's quite an honor to be chosen as one of these experts. This is the rub here. You don't apply to be one of these guys. You were chosen because of your expertise and people recognizing that you are people in the CCP, in other words, in other ways, recognizing your expertise. Chris has been chosen as the auto, at least one of the auto representatives to this body. I'm sorry I missed my notes. I apologize to everybody in China. I know exactly what I'm talking about. The point I'm trying to make, this is a very prestigious appointment to be tapped for by the CCP. He's very well regarded in China and by the industry, obviously, and by the CCP. He is youthful for his experience. He's going to have his thumb on the market there, the prime buyers, the 25 to 40 market, whatever. He's obviously got a ton of local connections, having worked for 20 years in autos. He's a really high achiever. Looking at it from a recruiting standpoint, really strong candidate, very strong candidate. I feel he's definitely ready to take this next step to the CEO role. I'll tell you, his vitality and his... This is a great choice, I think. This shows a lot of leadership from Breitfeld and the board. I do believe he's going to do a great job for Fair Day in Asia. I think people are overlooking this whole strategy and this whole China market. This FF91 is going to do fantastic in China. That's my opinion. Anyway, let's move on. Fair Day is pursuing the two-home market strategy. As I said, a lot of companies have assets in China and so forth. I do believe, and there's no really strong clear explanation on this, but the psycholinguistics imply that they consider China a home market. Not an export market and they consider the United States a home market and not an export market. Of course, they're going to build the first FF91s in the United States and they're likely to send them all over the world, I would think. The production is going to start within a year, I believe, and I have a slide on this later, so don't quote me, within a year on the FF91 after this back closes and within two years in China. Anyway, this is an interesting way to invest in China with a stock that's listed on the NASDAQ versus an ADR. There are pluses and minuses to using an ADR, but this is a NYSE listed stock. I think this is a unique way to play the China market for US investors. Again, I have here a workaround for potential trade issues. Again, the CEO is on very good terms with the CCP and he's a very competent executive. He knows how business operates there and so forth. Fair Day is going to be using both Asia and China for manufacturing techniques and expertise. They're going to be especially building their lower price models and they have one, I believe, this is 180, I believe the next one is between 90 and 70 and below that the next model is between 60 and about 40K. This is following the Tesla game plan here. These are basically, the FF91 is like the LearJet, PrivateJet concept and then it moves down to a luxury SUV and then it moves down into like a family SUV. The manufacturers in China, I don't know if you heard Sandy Monroe lately said the Chinese manufacturers are going to be the biggest threat to the US auto manufacturers because they've got it down so good. So there you go, you get Asia, you also have operations in Korea, manufacturing operations. They're also going to tap China for funding, I believe, through the, and I mentioned this in my last video, through the Chinese operation. Guili is gigantic over there and they have technical stretching out into the banking and finance community and they have their own finances. And also if you look at the CCP that stepped in with NIO to promote the production of EVs in China because they do have a goal of, you know, of course the air pollution and everything, they're really attacking it intensely. Anyway, they're going to be building in the actual China market for the China cars so they're not going to have an import problem or trade problems are going to be sidestep for that. And I think they're probably going to export these lower cost models to the United States and because it's an American company, I mean, it'll be interesting to see what the trade deal is on that. And so anyway, I think the whole concept of, because you know, a Chinese CEO isn't necessarily going to be, I mean, I don't know, could do very well, but I mean the Chinese, let's face it, the Chinese market in the manufacturing sector is different from the American market in the manufacturing sector and I think splitting it up between two CEOs is a great idea. And I think it's, I think this whole model is good, you know, the stock listing and so forth. Anyway, so the team is, oh, I misspelled that, well the team is YT who, you know, I just watched a speech from YT that he did in English. This guy, he's quite a visionary. I mean, I got to tell you, I'm very impressed with YT and, you know, he's been shuttered off into the background here, but I'm sure he's going to be very, very active in the experience, the personal experience inside this car. Then you got Breitfeld which is just a dynamite executive from BMW who brought that great car to market in three months and 36 months. And then you got Chen here in China who is a real cracker jack. I think they've got a really good top management team there. They've got LA Design, they're going to have LA Design and China Manufacturing. Sounds like Apple all over again. I don't want to talk about the Apple car. Let's move on. Where's this back now? Well, let's just talk about the FF91 and this back, you know, this car and you can see this interior here how it is really, this is a nice car. I mean, I was worried, I mean, I looked at the Mercedes-Benz ESQ and I was waiting for that to come out and if you compare the interior of this car to the Mercedes, I got to tell you, this car is just so much nicer in my opinion and in a lot of different ways in the space and the concept of the screens and the design and the aesthetics. I mean, I'll tell you, I think it's a great car. Anyway, the US CEO drove from LA to Las Vegas and anyway, the point he was trying to make was that after he did it, he had over 100 miles of range less. You know how they state the range like Tesla will state 350 miles and then you get 340 or whatever. This car, the range stated is the true range. Okay? And that was the point Bradfield was making. But anyway, they drove this car, you know, from LA to Vegas, so this is no pusher. Okay? They're doing updates presently and I'm sure, you know, with G5, of course, coming online in China much more quickly than the United States but certainly in the United States as well, G5 is going to be connectivity. It's going to be a big part of this and that's what the upgrade is probably all about. I discovered that this is a pre-production vehicle. This is not an Alpha, it's not a Beta. It's a PPV. I don't know if this has to be retested but this car has already been crash tested in 2017. You know, that puts them ready to go on the production line. If that's true, if they've got the certification from NHTSA, anyway. So between April and June 2021, so any day now, this is going to be in NASDAQ. I should have down here listed FIFE. And it's going to be released to the public in April or June of 2022. So within this, probably this month it's going to be listed and one year later it's going to be out for sale to the public which after I learned that this already has been crash tested, that seems to me totally doable, especially with Breitfeld in charge and they have an existing factory. The numbers are going to put out? I don't know. But you know, if they work 24-7, three shifts, if they get to that point, you know, anyway it's $180,000 car. They have 14,000 pre-orders with $5,000 deposits, I believe. Anyway, they're using a direct sales model and they're going to have 20 retail showrooms globally. So it's going to be the Tesla direct sales model and you know, on those sales, you know, they have 14k. I don't believe they've released a number that have put down the $5,000 deposit. I don't want to correct that. And I also want to say that this is going to be Nasdaq listed. I've been rushing to get this out. I do apologize. I hope you find my errors charming and endearing. Next slide. Now this comes from the late part of an interview with Sandy Monroe. And I was just looking at my notes and you guys might want to verify all this for yourself. But I'm going to give you what I got out of this interview. And this is Cartfield, Renfield talking with Sandy Monroe. He said the car is going to be a platform. Okay? He said the sensor suite will be installed for self-driving and it's going to be an extensive sensor suite with all the sensors that are needed and I'm sure they're probably going to have LiDAR and everything else on it. And they're all going to be hidden in the body, in the trim, they're not going to be, you know, you know, typical design. But the point is, he said that the self-driving computer, now they were working on their own self-driving system and I don't know if they were using Mobileye or if they had in-house, completely in-house then. But this is what he stated. Now I may have misunderstood him, but as I understand it, he said the car is going to be a platform that's going to have the, you know, the harness of the sensors in it. He said the self-driving computer will be removable, the hardware, and it will be upgradeable. Excuse me. I believe that's what he said. So they're going to have, you know, a standard set of connections there or whatever and this is going to be enabled to be upgraded. So I don't know, I don't know if this is anything that Tesla's ever thought of, but I think it's a pretty great idea. He says a lot of interesting things about self-driving systems. He says they're going to be heavily regulated. He said there's only going to be one or two that are going to pass the regulation to full self-driving. But this whole idea of, and I don't know, this is according to my notes. Please do your own DD and watch this interview. But he said it would be removable and upgradeable and I thought that was groundbreaking. That's great because, you know, as the technology upgrades, you know, the sensors will be in place. You just upgrade, you know, whatever the processors and so forth. And I guess the car operating system will be separate using the Faraday Future app, which links to the phone and really it's just kind of like casting your phone screen on the, and your contacts and so forth on the car. And I think it's location driven where you're sitting that particular area will have that phone, that person's affiliate link. Anyway, these are minor details. Just the idea of having that whole experience come in and I believe they have 12 or 14 screens in this car. Anyway, YT was years ahead on the concept of this car experience. I mean, this car should have come up, you know, I don't know, four or five years ago, whatever, at least four years ago, let's say. You know, this whole idea of the user experience, I mean, everyone is concerned now, well, the drivetrain, the zero to 60, you know, the battery range, all this stuff. I think this is becoming more and more irrelevant. I think people are just glazing over. You know, with an ice engine, technical improvements that could be done to valves and pistons and so on and so forth. With these electric cars, I mean, you know, you have some drivetrain changes you can do, battery ranges and battery types and battery cooling systems. But more and more, they're becoming like an appliance. I don't want to say a washing machine, but you know, when you buy a washing machine, you don't care about the motor, you know, you care about the user experience, the user interface, you know, how the knobs are, what the programs are to wash. You get what I'm saying? I think cars are getting like this too. And I think Elon Musk realizes this and he's done good with the car controls and stuff. And I think he's just starting to bring the whole entertainment and the personal experience into the car. I don't think he's quite done that yet. And I think YT beat him to the punch on that. Anyway, all this has been brought to fruition by having this large computer on board and a great battery supply for the computer. So anyway, I think YT was ahead of the game on that. And I think what the refresh Cartland-Bretfeld is doing to this and the G5 connectivity, I don't know, this thing is even going to be better. And you know, the 12 screens in it, I was just looking at a review of the new Ferrari and they've got about 12 screens in that, but they're about two inches by two inches. But they kind of copied the fair day future a bit. But you know, the fair day future also has the heads-up display. I mean, I think this is a really great car, of course for $180,000. But anyways, I was concerned about the Mercedes ESQ. I think it blows the Mercedes ESQ out of the water. And then I had a clip I was going to include it, but I didn't. They have the SUV, the Mercedes SUV, which is the, you know, their limousine brand. I can't think of the name of it. You know, the one, what's his name, Rokaware. Anyway, the wrapper rides around it. Anyway, the point is that thing was like a hunk of junk compared to this. To the FF 91. And that was especially outfitted Mercedes SUV. Not even close. Not even close. I mean, they put a little pinstriping on it, some badging. I mean, this car is going to blow a lot of these cars out of the water. I mean, especially in the luxury yet. I mean, really. And you look at something like the newer ones. Give me a break, Lucid. Come on. Anyway. That's it. So this back is probably this month.