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Electric car start-up claims vehicle is a ‘new species’ for personal transportation at CES

An American start-up technology company have unveiled its highly anticipated first production vehicle at CES 2017 – and made the bold proclamation that the vehicle would represent a ‘new species’ for personal transportation.

Faraday Future, which has its headquarters in Los Angeles, has held no secret regarding its ambitions in becoming a market leader in developing intelligent electric vehicles. Management for the tech firm previously outlined their desire to overtake Tesla.

Faraday Future have been backed by Chinese billionaire Jia Yueting (YT Jia) – and many analysts feel they are now well placed to seriously mount a challenge to overtake Tesla. The company announced at CES 2017 in Las Vegas that it would begin taking reservations for deliveries in 2018 with a $5,000 deposit for its FF91 model.

However, the electrical car start-up declined to disclose how much the vehicle would cost when it does become commercially available – but it did reveal it was building a factory outside Las Vegas. Industry analysts say it’s clear it’s taking Tesla head on – and revealed that its new vehicle outperformed Tesla on a number of key benchmarks including, battery range, power and acceleration.

One of the key benchmarks show that Faraday offers an estimated 378 miles (604km) of range before needing to be recharged. In contrast Tesla, based on US testing standards, can only offer consumers 315 miles before needing to be recharged.

Vice president of engineering Nick Sampson said it was the beginning of a new era of mobility and the emergence of a new species of vehicle. He said: “This is day one of a new era of mobility. This is the first of a new species. Because Faraday started from scratch, we don't have to follow outdated practices or retrofit existing equipment. We have to flip the auto industry on its head."

The vehicle is packed with technology: It has a semi-autonomous mode which allows for self-parking and multiple modems to connect to the internet. It personalizes settings for each driver and occupant. “Everyone in the car will have their own seat configured for them,” added Sampson.

Peter Savagian, vice president of propulsion for Faraday Future said it’s the fastest electric EV in the entire world – and revealed that the vehicle out-clocked its key rivals in relation to speed. He said: "This is the fastest production electric EV in the world. Our tests show our vehicle accelerates from zero to 60 mph (100 kph) in an eye-popping 2.39 seconds, which out-clocks all of our key rivals.”

Faraday refused to comment on speculation the company was enduring some financial difficulties – with some reports suggesting that they missed a number of payments to suppliers – and were ultimately forced to cut costs.

Those reports come amid news of a cash crunch at Jia's Chinese-based technology group LeEco, which has been rapidly expanding its products and moving into the US market.

Jia appeared at the Las Vegas event, telling the audience in halting English that ‘this car is very, very cool’. The Chinese entrepreneur said he hopes the project will help usher in a new era of mobility which is more environmentally friendly. "Once you have this you can get rid of the other cars in the garage," he said."