Faraday Future: Tesla Motors rival announces $1billion US plant

Faraday Future, a little known company with a nameless CEO has got $1 billion dollars in investment in order to produce an electric car rivalling Tesla Motors.

Faraday Future is backed by Chinese billionaire Jia Yueting, founder of video site Leshi Television. Its first vehicle is slated for 2017 and will allegedly have a battery with 15 percent more range than the Tesla Model S 85kW-hr, or about 310 miles. Other than that, only a concept render of the vehicle has been produced. The company only began operating out of a former Nissan research facility in California last year, but already has over 400 workers, and is aiming to have 500 by the end of 2015

Faraday has so far refused to say where its vast cash resources have come from. “We are keeping our partners confidential,” the company told the Wall Street Journal. A company-released statement said California, Georgia, Nevada, and Louisiana are all under consideration as possible factory sites. Faraday claims it has already begun purchasing orders for components and secured parts suppliers for its products, while its manufacturing plant will begin construction early next year.

The staff include the head designer of the BMW i8, a SpaceX battery specialist, and a former interior designer for Ferrari amongst others ith very impressive CV’s. Tesla veteran Nick Sampson, who currently serves as the company’s senior vice president, officialy speaks out on behalf of the company. The company has claimed it “plans to explore other aspects of the automotive and technology industries, including unique ownership and usage models, in-vehicle content and autonomous driving.”

It is rumored that the company is a front for Apple as the Palo Alto based company want to build it’s cars in complete secrecy which could not be possible with setting up a huge manufacturing plant for cars. Also, the kind of people hired by Faraday Future are in line with statements made by Elon Musk regarding Apple poaching talent from Tesla.

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