Faraday Future Is A Mysterious Billion-Dollar Company Gearing Up To Take On Tesla

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Faraday Future is a mysterious company gearing up to take on Tesla. Never heard of it? You’re not the only one. It appears the company is a mysterious electric car company that’s building a manufacturing plant to the tune of $1 billion. It’s also in the process of nabbing some of the best minds in the auto world.

The company is young. It began last year in an old Nissan research facility. Its name is derived from the English scientist Michael Faraday. He’s a scientist who contributed to the field of electromagnetism and electrochemistry. The company has over 400 employees but aims to have 500 by the end of this year. To accomplish this, it’s hiring roughly 10 new employees a week.

While Faraday Future is rounding up many employees, it boasts a powerhouse of people from various car manufacturers. This includes the head designer for the BMW i8, a former interior designer for Ferrari, a battery specialist from Elon Musk’s Space X and a former vehicle and chassis engineer for the Tesla Model S. Diving in even further, employees from Ford, GM, Volvo, Facebook and Google make up the ranks of this mysterious company.

According to Nick Sampson, former director of vehicle and chassis engineering for Tesla — and now senior vice president and acting spokesman for Faraday — the company is planning to launch a brand new electric vehicle sometime in 2017 that would be rival to the Tesla Model S.

The company is gearing up to invest $1 billion in a manufacturing plant, but it’s currently figuring out where that plant will be. It could be in the company’s home state of California, Georgia, Louisiana or Nevada. Construction is set to begin early next year.

Even so, the company itself is still shrouded in mystery. Despite having more than 400 people working for it, nothing’s really known about the company. The car itself is also shrouded in mystery. Other than it being electric and packed with many connection features, there are still unknowns. Its cost, speed and range are a mystery, but Faraday has revealed its battery pack comes with 15 percent more capacity than that of the Model S 85kw-hr. Given Tesla’s range of 270 miles, this could mean that this mysterious car could have a range of at least 310 miles.

The company won’t just be building electric cars but also “plans to explore other aspects of the automotive and technology industries, including unique ownership and usage models, in-vehicle content and autonomous driving.” Orders for components have already been purchased, and part suppliers for its vehicles, apparently. As far as capital is concerned, it’s also shrouded in mystery as the company told reporters “we are keeping our partners confidential.”

It’s also rumored that Faraday Future could be a dummy company created by Apple in an effort to hide its car-making plans until the company is ready for a reveal. But that’s speculation at best until Apple makes its car-manufacturing plan official.

  Source: New York Post
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