The Electric Car Rival: Faraday Future

Inconspicuously housed between a credit union and a pet cemetery, an electric car startup company, Faraday Future is forming ground. With the financial backing of a Chinese multibillionaire, this company could become one of Tesla’s most challenging rivals.

Faraday Future which is currently being housed in Nissan’s former U.S. sales office, appears hardly intimidating on the outside with merely a sign out the front that marks “Faraday Future” and a delivery number. However, a step inside leads brings you into sleek white offices occupied by over 400 top tier executives and engineers, many of whom have been pinched from Tesla.

Plans for the company include a $1 billion factory, that according to The Times Friday, will put the next luxury electric car to turn heads, on the road.

While the company declines to publicly identify its owners and investors, a review of incorporation documents submitted to the California state office reveals Faraday to be linked to a Chinese  media company that is directed by a certain Jia Yueting. Jia widely known in China for his incredible ambitions and equally impressive cash stalls is an entrepreneur who founded Leshi Internet Information & Technology.

Ranked by Forbes as China’s 17 richest person with an asset worth of $7 billion, in an interview with the Wall Street Journal, Jia did slip in that he had plans to develop an electric car that would rival Tesla.