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Faraday Future unveils electric vehicle in Las Vegas to kick off CES

A Faraday Future FF 91 electric car is displayed on stage during an unveiling event at CES in Las Vegas, Nevada January 3, 2017. REUTERS/Steve Marcus

Electric vehicle start-up Faraday Future showed off in Las Vegas on Tuesday a prototype of a vehicle set for production next year as the China-backed company strives to win credibility in the crowded sector and weather its funding challenges.

The “FF 91”, described by its designer Richard Kim as “weird-pretty”, is a luxury electric SUV Faraday executives say will be the most technologically advanced on the market when it goes into production in early 2018. Advance reservations for the car – which insiders say will retail for about $180,000 – are being taken for $5,000.

“You’re about to witness day one of a new era of mobility,” said Nick Sampson, senior vice president of engineering and research and development. “We’re going to show the first of a new species.”

But cash shortages and a recent spate of executive departures have raised questions about the company’s prospects.

Faraday is funded and controlled by Chinese billionaire Jia Yueting, the chief executive officer of China’s Leshi Holdings Co Ltd, also known as LeEco (300104.SZ), which is showing its own prototype electric car, the LeSee Pro, at CES. He is also an investor in California-based Lucid Motors, a competing electric vehicle start-up attending CES this year.

Faraday debuted at CES last year with a concept car not intended to be produced, raising eyebrows over the company’s legitimacy and Jia’s overall strategy. A cash crunch at LeEco and Faraday’s missed payments to a contractor working on its $1 billion Nevada factory have spurred more questions in recent months over Faraday’s financial situation.

In late December, LeEco said it was in talks to secure 10 billion yuan ($1.4 billion) from an unidentified strategic investor.

Faraday executives would not comment on the company’s financials.

“We’re hoping to … convince people that we’re real, we are doing a real product, it’s not just a vaporware Batmobile to create attention, but we now have a serious product,” Sampson told reporters during a tour of Faraday’s headquarters in Gardena, California, in December.

Executives say the car’s modular architecture and flexible battery layout will allow for a faster rollout of future models. The car will have a range of about 378 miles (608 km) per charge. Its electric motors will generate a combined 1,050 horsepower.

The FF 91, a long, low, futuristic SUV with a roomy interior has no handles, as doors will open as a driver approaches. Holograms will be projected on the windshield to alert drivers of needed information.

 

(Reporting by Alexandria Sage and Paul Lienert in Las Vegas; Editing by Lisa Shumaker and Muralikumar Anantharaman)

Source: Reuters

CES 2016: Faraday Future shows off its concept car

 FF 2
Glimpse Into the Future with the FFZER01 Concept Car

Projected Specifications

Powertrain

  • 4 Quad Core Motors with over 1,000 horsepower
  • 0-60 in less than 3 seconds
  • Top speed: +200MPH
Interior

  • Single seat occupancy surrounded by newly developed high-performance materials
  • A fully-connected car featuring intuitive UI for integration between virtual and head-up displays
  • Smartphone-connected remote vehicle setup and anticipatory personalization; capable of live analysis of vehicle systems
Exterior

  • Innovative carbon fiber and lightweight composite construction
  • Advanced high performance racing suspension
  • Advanced vehicle dynamic control and torque vectoring
  • Radically reduced drag and battery cooling through aero tunnel design

FF 1

Faraday Future are showcasing their latest concept car the FFZER01 at the CES 2016 show in Las Vegas. The car is packed full off the latest connected technologies including a smartphone-integrated steering wheel that integrates with the drivers phone and allows for remote vehicle setup, customized configurations, modifiable power output and real time data visualization and interaction.

Faraday Future Looks to Set Up Shop in North Las Vegas 

Faraday Future are planning to launch a brand new, state-of-the-art automotive production plant in North Las Vegas. The area offers expansive development space, an enthusiastic workforce, an encouraging tax environment, close proximity to their California headquarters, and nearby access to the thriving tourism capital of Las Vegas, which will allow them to offer plant tours and other engaging experiences.

Additionally they weill be appropriately positioned on the south end of the “electric highway,” a pioneering stretch of U.S. Route 95 between Reno and Las Vegas that is populated with a large network of vehicle charging stations.

For more information please follow the link below.

http://www.faradayfuture.com

Source: Tim Cosgrove Co-Star