cars news 10: Faraday Future Releases Teaser Video Ahead of 2016 CES Debut

Faraday Future, the somewhat mysterious electric vehicle start-up company, has released a new teaser video ahead of the reveal of its first yet-to-be-named model that will be shown at the 2016 Consumer Electronics Show (CES) in January.

While not much is known about the company, we do know that the company has some lofty goals to be a legitimate Tesla competitor. In fact, the company has hired many former Tesla employees as well as other notable automotive and technology veterans from companies (including Chevrolet, BMW, Lamborghini, Ferrari, Land Rover, and SpaceX).

The company says it will have 300 employees by 2016 and the car will be available to buy by 2017. Faraday Future is investing $1 billion in a new manufacturing plant in North Las Vegas, Nev. to build the new model. The plant is expected to bring approximately 4,500 manufacturing jobs to the Silver State.

Some details about the new car include an estimated 15 percent higher specific energy than a Tesla Model S 85 kW-hr pack, which equates to about 98 kW-hr. Like Tesla, the battery pack will feature a multi-cell design. The modular design allows for mass production as well as cells that can be replaced individually or as a group.

Faraday Future will also invest in in-vehicle connectivity and autonomous driving technology.

Chinese billionaire Jia Yueting, founder of Chinese online video site LeTV, is said to be the financial backer of the company.

Check out the video in the Twitter post here to see a glimpse of the new Faraday Future EV.