Faraday Future — the California-based electric car company that’s been
operating in stealth mode for the past year and a half — made its first
big splash on the eve of CES this week with the unveiling of the
FFZERO1, a high-performance concept car. The sinewy machine looks more
appropriate for a race track than a city street thanks to a claimed
1,000 horsepower, a 0-60 time under three seconds, and a top speed over
200 miles per hour. Of course, those are all purely theoretical numbers
since this is just a concept, though the company teases that it could
see “limited production.”
The design features a glass roof, which offers a clear view of the white
carbon fiber interior and some of the car’s more novel ideas, like a
smartphone mount in the center of the steering wheel, the Halo Safety
System that supports the driver’s head and neck, and a helmet that feeds
the driver water and oxygen. The instrument panel is also designed to
gather biometric data about the driver.
Realistically, the FFZERO1 is not going to be Faraday Future’s first
production car — instead, they’re using it to show off the potential
that Faraday sees in its upcoming billion-dollar Nevada factory.
The concept’s underlying platform, which it calls the Variable Platform
Architecture, is touted as being highly customizable. "That platform is
done on a very modular and flexible basis such that we can change the
size of the platform," Nick Sampson, a senior VP at Faraday in charge of
R&D and engineering, told us in a phone interview before the press
conference. "We can change the number and power of the drive systems. We
can change the physical size and electrical size of the battery packs,
so we can get bigger and larger packs and smaller packs both on the
electrical size and physical size because of the modularity of how the
battery architecture is being done, which is unique compared to anybody
else in the industry. The underlying story is all about the platform
that’s being built."
That kind of flexibility is important: Faraday has hinted at operating
under an unusual business model, where users would "subscribe" to a plan
that gives access to autonomous vehicles of different types depending
on their needs. A subscriber could request a cargo vehicle on one day,
for instance, and a sporty sedan on the next.
The Verge first visited Faraday Future’s Southern California
headquarters in November, where we experienced a version of the car in
virtual reality on a simulated racetrack, which the designers also use
in their studio design process. At CES, the company has Oculus Rift
headsets programmed to show off FFZERO1’s performance, which comes
courtesy of separate motors at each wheel.
But again, the FFZERO1 isn’t a production car, and it has a very different exterior from the covered prototype we were shown at the headquarters.
"The concept is an amped up version of this platform," says Faraday
spokesperson Stacy Morris. "It’s going to have four motors. It’s a
one-seater hypercar." She compares the design of the battery pack to the
look of a Hershey bar: the concept uses adaptable strings of batteries,
in which rows of batteries can be removed or added. The placement of
the motor can also be shifted within the platform to make a vehicle that
is front-wheel, rear-wheel, or all-wheel drive.
"We’re working with the biggest and best battery cell suppliers in the
world and working with them to design the architecture and battery
packs, which will be done in house, in a way similar to the Tesla
model," Sampson says. "They work with Panasonic, but the packs are all
done by Tesla. We are designing our own packs and our own control
systems." Faraday declined to disclose who its cell suppliers are,
however.
The source of Faraday’s obviously substantial funding has been a
mystery, but that’s finally coming into focus this week, too: the
company has announced a strategic partnership with Chinese media firm
LeTV, headed by billionaire Jia Yueting, who Forbes has reported to be the primary investor in the company’s new $1 billion, 3 million-square-foot factory.
"We are two separate companies, but we are leveraging their expertise
with technology and content," Morris says of LeTV, while touting
Faraday’s "diverse funding strategy."
"We are going to have other sources of funding," she says. "We see the
main markets being the US and China, but it’s a global launch strategy.
The way automakers need to enter the market is often through these joint
partnerships, so our association with LeTV will be helpful in entering
China." LeTV, maker of smartphones,
connected TVs, and media, could support Faraday Future’s efforts to
develop content for consumption in autonomous cars, Morris says.
Faraday Future plans to break ground on the factory north of Las Vegas
in the next few weeks, a futuristic space that the company sees as a
tourist destination. "We are moving fast," Morris says. "Showing a
high-performance vehicle speaks to our DNA. The company’s been around
for less than 18 months, and we’re now up to 550 employees in Southern
California. Bringing a car to market, we’re trying to do it as quickly
as possible, but we are going to make sure that quality is a priority."
Even though it still doesn’t have a real product in sight, Faraday
asserts that its nimble structure gives it an edge over traditional
automakers. "We’re able to take opportunities and can change plans
quickly," Sampson says. "Largely things are going in the direction we
wanted, but also the type of organization we’ve set up, we need to be
dynamic and flexible. We need to be able to react to need, which is one
of our advantages. Our whole ecosystem is about being adaptable and
flexible."
For now, the FFZERO1 gives Faraday a short bump of hype, but eventually,
Sampson and team will have to deliver a real electric vehicle that
people can actually buy — or subscribe to, as the case may be. The
company hasn’t offered any updates on when the factory will be
completed, but plans to launch an actual car "within the next couple
years."
By: Tamara Warren.
Review: Emerging Market Formulations & Research Unit, Flagship Records.
For The #FacebookTeam