Faraday Future
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| Industry | Automotive |
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| Founded | April 2014 |
| Headquarters | Harbor Gateway, Los Angeles, California |
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Key people
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Number of employees
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1400 |
| Website | www |
Faraday Future is an American start-up technology company focused on the development of intelligent electric vehicles. Faraday Future was established in April 2014 and is headquartered in Los Angeles, California, in the Harbor Gateway neighborhood, which is adjacent to Carson, California. Since its inception in 2014, the company grew to 1000 employees by January 2016. 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.
The company debuted its first concept vehicle, the single-seat sports car, FF ZERO1, at the January 2016 Consumer Electronics Show but did not announce production schedules.
The company debuted its first production vehicle, the connected car based on advanced telematics, FF 91, at the January 2017 Consumer Electronics Show. Only 300 “Alliance Edition” launch units will be available, with first deliveries expected in 2018.
Faraday Future announced in November 2015 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.
In December 2015, Faraday Future settled on a location in North Las Vegas for its manufacturing site, built by AECOM for $500 million. Construction began 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 facility is helped by a $215 million tax incentive, and a 4-mile (6 km) railway spur in 2018 to the 300 million sq ft (28 million m2) future factory where 4,500 full-time employees could work.
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