Faraday Future

Faraday Future
Industry Automotive
Founded 2014 (2014)
Headquarters Gardena, California
Key people
  • Nick Sampson (Senior Vice President of R&D and Engineering)
  • Dag Reckhorn (Vice President of Global Manufacturing)
  • Alan Cherry (Vice President of Human Resources)
  • Tom Wessner (Vice President of Supply Chain)
  • Richard Kim (Head of Design)
Number of employees
 750[1]
Website www.faradayfuture.com

Faraday Future is a US-based, Chinese-backed[2] global company focused on the development of intelligent electric vehicles and mobility solutions. Faraday Future was established in 2014 and is currently based in Gardena, California. Since its inception in 2014, the company has grown to 750 employees globally.[1]

Planned location

Faraday Future announced in November 2015 that it would invest up to $1 billion into its first manufacturing facility. The states of California, Georgia, Louisiana, and Nevada were all being considered as locations for the facility.[3]

In December 2015, Faraday Future has settled on a location in North Las Vegas for a $1 billion investment in a new manufacturing site.[4] Construction began in April 2016 but needed infrastructure which Nevada has agreed to build remains unbuilt pending a showing that Faraday Future is able to raise enough money to finance its project.[5]

Planned products

Faraday Future expects to launch its first fully electric vehicle in 2017, with the possibility of producing a larger range of vehicles over time.[6] [7] The company has implied plans to explore other aspects of the automotive and technology industries, such as experiential ownership and usage models, in-vehicle content, and autonomous driving.[8][9][10]

In July 2015, Motor Trend ran an article that provided a few specifications for Faraday Future’s proposed electric vehicle: it will have 15 percent higher specific energy than a Tesla Model S, it utilizes a multi cell solution where both individual cells and groups of cells can be replaced, and it will have a modular design for improved mass-production methods.[11]

At the November 2015 LA Auto Show, Head of Design Richard Kim discussed his interest in creating a vehicle that featured internet access, in-car entertainment, aromatherapy technology, and ergonomic interior design.[12]

On January 4, 2016 at the US Consumer Electronics Show, they revealed their 1,000 hp (750 kW), 200 mph (320 km/h), single seat race-car concept.[13] It has a style similar to the 1960s Batmobile. They showed a video demonstrating how their basic design would allow for many body styles and battery configurations. No specific details were given for these potential car designs other than the race-car concept. Following the reveal, their social media pages were hit with mostly negative comments. Many stated that they were expecting details on an affordable production car that would compete with the Tesla Model 3 or Nissan Leaf. They expressed disappointment that the only design shown was of a high end concept race-car that would never actually be produced, instead of a production car for the everyday driver.

Commercial and marketing plans

The company said that 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.[14]

In November 2015, Faraday Future announced that they would attend CES International (the Consumer Electronics Show) in January 2016.[15][16]

Leadership and staff

Faraday Future is currently led by an executive team with 5 members:

In addition to the named executives, Faraday Future has reported that it has built a team from former Tesla, GM, Ferrari, Lamborghini, BMW, Audi, Apple, SpaceX, and Hulu employees.[18] It is still unclear who the CEO of Faraday Future is.[19][17]

References

  1. 1 2 Tilley, Aaron (2016-01-05). "Faraday Future: We're Going To Move A Lot Faster Than Tesla". Forbes. Retrieved 2016-01-07.
  2. ↑ Cellan-Jones, Rory (2016-01-11). "Tesla chief Elon Musk says Apple is making an electric car". BBC News. Retrieved 2016-01-12.
  3. ↑ Reisinger, Don (2015-11-05). "A Mysterious Electric Carmaker has its Sights on Tesla". Fortune. Retrieved 2015-12-10.
  4. ↑ Ramsey, Mike (2015-12-09). "Faraday Future Picks Nevada Site for $1 Billion Electric-Car Investment". The Wall Street Journal. Retrieved 2016-01-07.
  5. ↑ Ramsey, Mike (2016-04-13). "Electric Car Maker Faraday Breaks Ground in Nevada Startup aided by promise of state incentives moving ahead on first vehicle". The Wall Street Journal. Retrieved 2016-04-15.
  6. ↑ "Faraday Future Electric Car Company Founders Interview". DuJour. Retrieved 2015-12-10.
  7. ↑ Hirsch, Jerry; Masunaga, Samantha (2015-11-05). "Mysterious electric car start-up in Gardena has ties to Chinese multibillionaire". LA Times. Retrieved 2015-12-10.
  8. ↑ Barnes, Bethany; Chereb, Sandra (2015-11-19). "Faraday to reveal its electric car plans at CES in January". Las Vegas Review-Journal. Retrieved 2015-12-10.
  9. ↑ Ramsey, Jonathon (2015-12-01). "More secrets of EV manufacturer Faraday Future revealed". Autoblog. Retrieved 2015-12-10.
  10. ↑ Stead, Rob (2016-04-04). "Meet Dr Bibhrajit Halder of Faraday Future". AutoSens. Retrieved 2015-04-04.
  11. ↑ Pleskot, Kelly (2015-11-06). "New Electric Car Company Emerges: Faraday Future". Motor Trend. Retrieved 2015-12-10.
  12. ↑ Branman, Miles (2015-11-30). "Faraday Future’s 2017 Tesla Model S rival with a 300+ mile range will charge into CES 2016". Yahoo Finance. Retrieved 2015-12-10.
  13. ↑ "Glimpse Into the Future – FFZERO1 Concept". 2016. Retrieved 2016-01-05.
  14. ↑ Moss, Darren (2016-01-07). "Faraday Future reveals FFZERO1 concept at CES". Autocar. Retrieved 2015-12-10.
  15. ↑ Thompson, Cadie (2015-11-19). "Ultra-secretive startup Faraday Future is getting ready to reveal its car". Tech Insider. Retrieved 2015-12-10.
  16. ↑ Nofuente, Kyle (2015-11-21). "Super Mysterious Carmaker Faraday Future Plans To Come Out Of Stealth Mode At CES 2016". Tech Times. Retrieved 2015-12-10.
  17. 1 2 "About". www.faradayfuture.com. Retrieved 2015-12-10.
  18. ↑ Warren, Tamara (2015-11-19). "Exclusive: Inside Faraday Future, the secretive car company chasing Tesla". The Verge. Retrieved 2015-12-10.
  19. ↑ Lambert, Fred. "Tesla's biggest competition for talent might not be Apple but Faraday Future, an LeTV-backed startup in Los Angeles". Electrek. Retrieved 2016-01-05.

External links

Official website

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