Faraday Future

Faraday Future

Faraday Future USA

 

Established
April 2014; 3 years ago
Founder
-

Headquarters
Harbor Gateway, Los Angeles, California
Website

 

Faraday Future is an American start-up technology company. It focused on the development of intelligent electric vehicles. Faraday Future was founded in April 2014 and is headquartered in Los Angeles, California, in the Harbor Gateway neighborhood. Their financial partners are LeEco, a Chinese consumer electronics company, led by Jia Yueting. Faraday Future is named for one of the founding principles of electric motor technology known as Faraday's law of induction. Faraday's Law is in turn named after English scientist Michael Faraday who discovered electromagnetic induction.

On January 2016, the company unveiled its first concept vehicle, the single-seat sports car, FF ZERO1, at the Consumer Electronics Show but did not declare production schedules. On January 2017, the company unveiled its first production vehicle, the connected car based on advanced telematics, FF 91, at the Consumer Electronics Show. Only 300 “Alliance Edition” launch units will be available, with first deliveries expected in 2018.

 

Planned location

In November 2015, Faraday Future declared that it would invest up to $1 billion into its first manufacturing facility. Possible U.S facility locations are being considered in California, Georgia, Louisiana, and Nevada. Faraday Future settled on a location in North Las Vegas for its manufacturing site in December 2015, built by AECOM for $500 million. Construction started in April 2016 with additional required infrastructure which Nevada has formally agreed to build remains on hold pending a verification of Faraday Future that it is financially sound and fully able to raise enough money to finance the entire project.

The company declared on July 10, 2017, that they will no longer build a plant in North Las Vegas due to financial issues. In August 2017, the company declared that it had signed a lease for a former Pirelli tire plant in Hanford, California. The company announced that it could employ up to 1,300 people over time and build up to 10,000 cars a year at that location.

 

Planned products

Faraday Future expects to introduce its first fully electric vehicle in 2017, with the possibility of manufacturing a larger range of vehicles over time. On January 4, 2016, at the US Consumer Electronics Show, they unveiled their 1,000 hp (750 kW), 200 mph (320 km/h), single seat race-car concept, the FF ZERO1. It has a style similar to the 1960s Batmobile. Faraday Future plans to start testing self-driving vehicles on California roads after winning approval from California on June 17, 2016.

Faraday Future revealed their new FF 91 130 kWh vehicle design at the January 2017 US Consumer Electronics Show. It received a total of 64,124 reservations within the first 36 hours.  Even though the demonstration did not go particularly well. It is claimed to accelerate 0–60 mph (0–97 km/h) in less than 2.5 seconds. Faraday Future plans several cars based on the flexible Variable Platform Architecture (VPA).

 

Commercial and marketing plans

Some of Faraday Future’s revenue stream is expected to come from alternative, ancillary sources, the anticipated revenue structure being closer to that of the smartphone than to that of standard automobile sales.

In November 2015, Faraday Future declared that they would attend CES International (the Consumer Electronics Show) in January 2016. In January 2017 the company presented its latest technology at the CES in Las Vegas, claiming that their car makes all other cars outmoded.

 

Motorsport

Faraday Future will join the FIA Formula E Championship for electric-powered cars through a collaboration with the existing Dragon Racing team, also American, for the series' third season, beginning in October 2016. Specifications for the car were released in November 2016.

Faraday raced a “beta level development” FF 91 in the exhibition class race at the June 2017 annual Pikes Peak International Hill Climb in Colorado; the class also includes a performance-tuned Tesla Model S P100D.

 

Models

Naming

Faraday Future's vehicles are named with an "FF" indicating Faraday Future followed by a two digit number. The first digit (10's place) indicates the market segment of the vehicle. A "9" would be top-of-the-range product for Faraday, with each number lower indicating a successively lower cost segment, except for "0", indicating a special car. The second digit (1's place) indicates successive iterations in that segment.

 

FF ZERO 1

In 2016, the FFZERO concept vehicle was revealed. The "Zero" spelling indicates the concept vehicle status, the "1" indicates the first such model.

 

FF 01

The FF01 is a planned low-volume halo vehicle. The "0" indicates a halo car, and the "1" indicates the first such model.

 

FF 91

In 2017, the FF91 production model sedan was revealed. The "9" indicates a top-of-the-line model, analogous to the Genesis G90 or Volvo S90. The "1" indicates the first model in this market segment.

 

 

701-EV

The Faraday Future Dragon Racing Penske 701-EV' for the 2016-2017 Formula E season, is an all-electric open-wheel open-cockpit battery-electric racecar for the Faraday Future Dragon Racing Team, a collaboration between Faraday Future and Dragon Racing, a team established by Jay Penske.

 

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