“Billion dollar car companies don’t pop up overnight,” Bryan Clark reports for TNW. “Well, except
“It plans to release its first vehicle in 2017, and claims it’ll have 15 percent more range than the Tesla Model S. Bold,” Clark reports. “It’s also spending some serious loot.”
“According to a recent blog post,
Apple Faraday plans to spend $1 billion to develop a manufacturing plant in California, Nevada, Georgia or Louisiana in order to ‘explore other aspects of the automotive and technology industries, including unique ownership and usage models, in-vehicle content and autonomous driving,'” Clark reports. “The well-funded startup currently employs 400 people and adds 10 new hires a week. Right now you’ll find them operating out of Nissan’s former California research facility.”
Clark writes, “Welcome to the auto world
Read more in the full article here.
MacDailyNews Take: See: Chinese billionaire Jia Yueting linked to ‘Faraday Future’.
Chinese billionaire Jia Yueting linked to ‘Faraday Future’ – November 7, 2015
Mysterious, billion-dollar company ‘Faraday Future’ looks to take on Tesla – November 6, 2015