Faraday Future Will Apparently Launch A Dozen New Electric Vehicles By 2026 – New Details On Model To Be Revealed At CES

2 months ago by Eric Loveday 38

Faraday Future Teaser

Faraday Future Teaser

Though Faraday Future has yet to even show one complete vehicle (first reveal set for CES on January 3rd, 2017), the automaker is apparently planning to launch a dozen or more by 2026.

Faraday Future's Interactive Teaser

Faraday Future’s Interactive Teaser

That’s according to at least two fromer Faraday executives who spoke with Automotive News, but declined to have their names on record.

As Automotive News states:

“…Faraday Future plans to introduce a dozen new vehicles through 2026, according to two former executives who declined to speak on the record.”

12 vehicles on the market by 2026? That seems ludicrous to us, but Faraday seems to have a track record of over-promise and under-deliver, so perhaps the bold claim should be expected.

As for the reveal of its first production-intent EV in a few days, those former execs provided a few additional details, saying it’s internally referred to as “Project 91” and that it’s a large, luxury sedan that will be priced between $150,000 and $200,000, or above Tesla territory. The vehicle is expected to enter production in early 2018.

Next up for Faraday is “Project 81,” described as a mid-size crossover priced in Model S & X territory. Production is slated for 2019.

A third, cheaper Faraday vehicle will launch in 2020. No additional details were released in connection with this model.

Here’s the problem though. None of those vehicles will make it to market if Faraday can’t secure some substantial funding. As of right now, Faraday can’t even pay its bills, so all the vehicles detailed above are in jeopardy.

Source: Automotive News

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40 responses to "Faraday Future Will Apparently Launch A Dozen New Electric Vehicles By 2026 – New Details On Model To Be Revealed At CES"

  1. Alaa says:

    2026? Isn’t that a bit far away? Are they waiting for Trump to leave office first?

    1. no comment says:

      not really. a 10 year time frame seems to be pretty standard for public relations announcements from car makers. daimler, for example, has also made statements about how many electric vehicles they will introduce over the next decade. they are, however, little more than PR statements. in reality, what they are stating is that actual product introductions will be subject to “market conditions” (i.e. whether people actually start buying them and/or whether regulatory pressure will force them to introduce the cars).

      1. Terawatt says:

        Faraway Future isn’t Daimler though. They’re not even an auto maker yet.

  2. bro1999 says:

    That’s more cars then they have employees. Lol

    1. Four Electrics says:

      Faraday employs more than a thousand people in the US.

      1. ffbj says:

        Will they ever have made more cars than they have employees?

      2. Pushmi-Pullyu says:

        “Faraday employs more than a thousand people in the US.”

        Correction: FF claims to employ more than 1000 people. But then, they make a lot of claims which obviously aren’t true, and never will be… like the one in the article here.

  3. jim stack says:

    If they have any prototypes I’d be glad to Desert Heat Test them in the greater Phoenix AZ area.

  4. Some Guy says:

    Doesn’t one need a factory of some sort to bring that many models to market?
    Or do they mean that they have presented 12 prototypes by then? In any case, they better speed up. They are a few years in and are about to unveil the first one, with 10 years to go, thats only 10-11 months left per additional prototype…

    1. MikeG says:

      One cannot deny that FF has ambitious goals, but given the state of their financials, they won’t survive 2017 without scaling back and meeting much smaller goals first.

      1. Terawatt says:

        My goal for today is to become a billionaire. And I’m sick and in bed.

        Goals by themselves mean nothing. And everything else these guys have shown so far leads me to believe they haven’t got a prayer.

      2. wavelet says:

        2017? You’re an optimist… If they’re short of cash and already aren’t paying their bills, they’ll barely survive 2016.

        They must be spending a ton of money even with no production facilities, given they apparently have 1000+ employees.

        Back of envelope:
        Average annual salary in California is $52K, so let’s use that (being generous here, since that average includes semi-skilled and temp workers, whereas I’m sure most of FF’s employees are college-educated white collar). Employer cost overhead (mandatory payroll taxes + benefits) is typically 25%-30% in CA, so $65K/year… times 1000 employees divided by 12 gives ~$5.5M per month…

    2. Pushmi-Pullyu says:

      “Or do they mean that they have presented 12 prototypes by then?”

      Nah, they mean that they intend to keep the team that’s making computer renders for them employed by designing and making teaser images for a dozen cars which will never be more than vaporware, and exceptionally rarefied vaporware at that.

      That is, if the money doesn’t run out first, which it almost certainly will.

  5. Someone out there says:

    Right… I will be impressed if they survive 2017

    1. Kdawg says:

      2016, the year of celebrity deaths.
      2017, the year of auto startup deaths?

      1. no comment says:

        *every* year is the year of celebrity deaths.

        1. Kdawg says:

          Celebrities die every year, but this year seems to be unusually harsh.

          1. Terawatt says:

            It’s just Christmas. A deadly time of year, every year.

            1. Kdawg says:

              Well they have been dying all year long.
              Here’s a list of 43 of them.
              http://fiftiesweb.com/dead/dead-people-2016/

  6. cab says:

    make it stop…

  7. Steve says:

    A dozen new models. Riiiiiight. Until they actually make one model, I have trouble taking them seriously.

  8. MaartenV-nl says:

    IIRC

    There was something about good intentions and the road to hell.

    1. Terawatt says:

      Yeah. But the various roads to Hell are actually paved with asphalt, and often covered in snow or ice. Hell freezes over quite regularly.

      https://goo.gl/maps/5gXwP9WMKo82

      1. Kdawg says:

        You don’t need to go all the way to Norway. Just come to Hell Michigan.

  9. Jim stack says:

    Lucid motors and Mercedes are also jumping into this market not to mention BMW who is doing very well with their i3 and i8.

  10. ffbj says:

    I just think someone got their wire crossed, the guy said a dozen cars by 2026 not a dozen new models. They are on pace, about 1 or 2 cars a year, to hit their mark.

    They have evolved from a joke into a laughing stock.

    1. Mister G says:

      A dozen cars LOL

    2. wavelet says:

      On pace? I count 0 cars so far.

  11. Trollnonymous says:

    “Faraway Future”

  12. Nicholas says:

    Are they going to Mars next?

    1. Pushmi-Pullyu says:

      They might as well market them to Martians. Since their product is imaginary, their customers might as well be too! 😀

  13. Anon says:

    They can’t even afford to launch one…

    Zzzzz. Stop cloning VW’s Press Releases.

  14. James says:

    LOL. Sure. It’s taken Tesla 10 years to produce 3 cars, starting with a practically-free factory and more hype than PT Barnum’s circus. I’ll be surprised if FF’s first car ever sees the light of day as a production vehicle.

    1. Pushmi-Pullyu says:

      Merely surprised? I’d be positively, knock-me-over-with-a-feather astonished.

  15. wavelet says:

    A dozen cars? Those meanie journalists, getting it wrong on purpose.

    I’m sure FF meant “a dozen dozen”, a.k.a. “a gross”, ==144 models. If that sounds like a lot, remember that the first dozen will not only be self-driving, but each will be capable of designing further models autonomously, and sending the finished design to a 3d printer to be manufactured, no human hands or brains involved.

    FF will therefore beat Musk in his game of “building the machine which builds the machine” by having the cars themselves do that too.

  16. CDAVIS says:

    “…Project 91” and that it’s a large, luxury sedan…Next up for Faraday is “Project 81,” described as a mid-size…A third, cheaper Faraday vehicle will launch in 2020 crossover…”
    ———–

    FF is an elaborate Chinese operation to shadow copy Tesla in every respect (including the naming of their company) in hopes that Tesla…ish cars will appear in the process that FF intends to sell into to the Chinese market as an “American Made” competitor to Tesla. Once FF gains Chinese market share, the USA FF manufacturing plant will be for USA consumption only and a Chinese plant will be built to supply the Chinese market and rest of non-USA world. That basically sums up FF’s business plan which will fail.

  17. Nix says:

    I guess when nobody believes you will deliver even one car, say you will deliver 12 cars in order to distract away from the fact you can’t deliver even one. When nobody believes your little lie, try a big lie….

    ‘If you tell a big enough lie and tell it frequently enough, it will be believed.’

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