; 2 years ago 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 1000 1 website www.faradayfuture.com faraday future is a chinese backed 2 3 4 american start up technology company focused on the development of intelligent electric vehicles . faraday future was established in 2014 and is headquartered in gardena california . since its inception in 2014 the company has grown to 1000 employees globally . 5 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 . 6 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 ffzero1 at the january 2016 consumer electronics show and plans to manufacture other vehicle designs in the near future although representatives from the company are unable to confirm a timeline . 7 contents 1 planned location 2 planned products 3 commercial and marketing plans 4 funding controversy 5 motorsport 6 leadership and staff 7 references 8 external links planned location edit faraday future announced in november 2015 that it would invest up to 1 billion into its first manufacturing facility . the american states of california georgia louisiana and nevada were all being considered as locations for the facility . 8 in december 2015 faraday future has settled on a location in north las vegas for a 1 billion investment in a new manufacturing site . 9 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 . 10 on may 24 2016 the city of vallejo california announced there will be a may 31 2016 special city council vote on an exclusive negotiating agreement . this represents the first formal step to bringing faraday future to mare island . following karma automotive s new plant in moreno valley 11 the project would be the second new automobile manufacturing facility to be built from the ground up in california in the last few years . it would bring hundreds of millions of dollars in new investment to the local economy . 12 on may 31 2016 the city council unanimously agreed on entering the 6 month agreement . 13 14 planned products edit faraday future expects to launch its first fully electric vehicle in 2017 with the possibility of producing a larger range of vehicles over time . 15 16 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 . 17 18 19 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 . 20 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 . 21 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 . 22 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 . faraday future plans to begin testing self driving vehicles on california roads after winning approval from california on june 17 2016 . 23 commercial and marketing plans edit 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 . 24 in november 2015 faraday future announced that they would attend ces international the consumer electronics show in january 2016 . 25 26 funding controversy edit faraday has been the subject of speculation voiced by ex employees and government officials who have expressed doubts about the company s finances . 27 28 specifically faraday has failed to fund even a few relatively small escrow accounts which has led to some analysts doubting the company s financial solidity and overall investment strategy . 29 the outlook is not optimistic in the highly competitive automobile space especially given that it is widely believed to be a tesla graveyard 30 it s a matter of time before problems emerge said wang zheng the shanghai based chief investment officer at jingxi investment management which oversees a portfolio of about 300 million . it is avoiding leeco shares in part because of concerns over its financing strategy . the company is capital strapped said dai ming a money manager at hengsheng asset management in shanghai . 31 motorsport edit faraday future will join the fia formula e championship for electric powered cars through a collaboration with the existing dragon racing team also american for the series third season beginning in october 2016 . 32 leadership and staff edit faraday future is currently led by an executive team with 5 members 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 33 known for designing the exterior of the e84 bmw x1 bmw i3 and bmw i8 silva hiti head of powertrain development in addition to the named executives faraday future has reported that it has built a team from former tesla 34 gm ferrari lamborghini bmw audi apple spacex and hulu employees . 35 it is still unclear who the ceo of faraday future is . 33 36 references edit stocksdale joel 2016 09 20 . faraday future shows more legitimacy with 1 000th us employee . autoblog . us . retrieved 2016 09 21 . buhr sarah . mysterious tesla rival faraday future backed by netflix of china letv . techcrunch . retrieved 2016 09 02 . faraday future s business partner wants to dominate silicon valley . retrieved 2016 09 02 . china fuels electric car startups like atieva and faraday future to chase tesla . 2016 06 14 . retrieved 2016 09 02 . tilley aaron 2016 01 05 . faraday future we re going to move a lot faster than tesla . forbes . retrieved 2016 01 07 . faraday future talks ai multi seat evs in exclusive interview . shear comfort auto blog . 2016 06 03 . retrieved 2016 06 08 . forget faraday future s crazy concept car . it has bigger plans . wired . retrieved 2016 06 08 . reisinger don 2015 11 05 . a mysterious electric carmaker has its sights on tesla . fortune . retrieved 2015 12 10 . ramsey mike 2015 12 09 . faraday future picks nevada site for 1 billion electric car investment . the wall street journal . retrieved 2016 01 07 . 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 . karma comes around again california s newest car factory aims to rival tesla . 2016 06 17 . retrieved 2016 06 17 . city of vallejo schedules may 31 vote on agreement with faraday future for exclusive negotiations on 153 acers . 2016 05 24 . retrieved 2016 05 24 . times los angeles . tesla rival faraday gets one step closer to building electric cars in vallejo . latimes.com . retrieved 2016 06 06 . weekly electromobility news electromobility news . www.emvalley.com . retrieved 2016 06 06 . faraday future electric car company founders interview . dujour . retrieved 2015 12 10 . 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 . 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 . ramsey jonathon 2015 12 01 . more secrets of ev manufacturer faraday future revealed . autoblog . retrieved 2015 12 10 . stead rob 2016 04 04 . meet dr bibhrajit halder of faraday future . autosens . retrieved 2015 04 04 . pleskot kelly 2015 11 06 . new electric car company emerges faraday future . motor trend . retrieved 2015 12 10 . 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 . glimpse into the future ffzero1 concept . 2016 . retrieved 2016 01 05 . lienert paul 2016 06 21 . faraday future to build self driving vehicles and build and sell electric vehicles . yahoo tech . retrieved 2016 06 28 . moss darren 2016 01 07 . faraday future reveals ffzero1 concept at ces . autocar . retrieved 2015 12 10 . thompson cadie 2015 11 19 . ultra secretive startup faraday future is getting ready to reveal its car . tech insider . retrieved 2015 12 10 . 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 . nevada treasurer raises questions about faraday future aol corporate . corp.aol.com . retrieved 2016 07 19 . king danny . nevada treasurer raises questions about faraday future . autoblog . retrieved 2016 07 19 . wed published ; 20 apr ; miller 2016 greg ; analyst senior 2016 04 20 . faraday future is this car company legit . wall street daily . retrieved 2016 07 19 . lambert fred 2016 05 16 . tesla s james chen joins competitor faraday future . electrek . retrieved 2016 07 19 . faraday future s nevada factory hits speed bump . cleantechnica . retrieved 2016 07 19 . ten teams entered for the 2016 17 fia formula e championship . fia formula e championship . f d ration internationale de l automobile . 2016 07 01 . retrieved 2016 07 04 . a b about . www.faradayfuture.com . retrieved 2015 12 10 . lambert fred 2016 08 31 . tesla loses head of data science to upstart competitor faraday future . electrek . us . retrieved 2016 09 01 . warren tamara 2015 11 19 . exclusive inside faraday future the secretive car company chasing tesla . the verge . retrieved 2015 12 10 . lambert fred . tesla s biggest competition for talent might not be apple but