Faraday Future (FF), a new electric vehicle and future mobility startup company, announced that it will invest $1 billion in a US manufacturing facility as a phase one investment. The company has been considering several locations including California, Georgia, Louisiana and Nevada, for its facility. FF will announce the exact site in the coming weeks.
FF expects to bring its first vehicle to market in 2017. In addition to producing vehicles, the company plans to explore other aspects of the automotive and technology industries, including unique ownership and usage models, in-vehicle content and autonomous driving.
Faraday Future is a California-based company comprising a global team of more than 400 automotive and technology experts. FF says it intends to develop a range of 100% electric vehicles that offer “intelligent, seamless connectivity to the outside world” and “unique ownership arrangements”.
Among FF’s automotive team are:
Nick Sampson, Senior Vice President – Former Director of Vehicle & Chassis Engineering, Tesla Motors
Dag Reckhorn, Vice President of Global Manufacturing – Former Director of Manufacturing, Tesla Model S
Alan Cherry, Vice President of Human Resources - Former Senior Director, Human Resources, Tesla Motors
Tom Wessner, Vice President of Supply Chain - Former Director of Purchasing, Tesla Motors
Richard Kim, Head of Design – Founding member of BMW i Design and Lead Designer, i3 and i8 concepts
Michael Faraday was a 19th century English scientist whose main discoveries include electromagnetic induction, diamagnetism and electrolysis. Faraday’s law of induction predicts how a magnetic field will interact with an electric circuit to produce an electromotive force (EMF)—the fundamental operating principle of transformers, inductors, and many types of electrical motors, generators and solenoids.