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Faraday Future's EV to cost $200k, plans to launch a dozen models by 2026
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  • Faraday Future's EV to cost $200k, plans to launch a dozen models by 2026

Faraday Future's EV to cost $200k, plans to launch a dozen models by 2026

tech2 News Staff • December 30, 2016, 11:11:06 IST
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Just a couple of days are left before the annual Consumer Electronics Show begins and everyone has their eyes on EV company Faraday Future. It will finally showcase its first production ready electric car on 3rd January or at least that’s what the teaser poster says.

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Faraday Future's EV to cost $200k, plans to launch a dozen models by 2026

Just a couple of days are left before the annual Consumer Electronics Show begins and everyone has their eyes on EV company Faraday Future. It will finally showcase its first production ready electric car on 3 January or at least that’s what the teaser poster says. However, we are hearing that it is planning to go big and its first launch dubbed ‘Project 91’ will cost anywhere between $150,000 to $200,000 which translates to approx Rs 1.01 cr to Rs 1.35 cr. With that kind of pricing, it will be positioned as a luxury flagship for the brand and more expensive than the most expensive offering from Tesla. However, it does have plans to launch more affordable models in the years to come. According to Automotive News, the company is planning for a dozen new vehicles through 2026 as stated by two former executives who declined to speak on the record. That’s quite an ambitious number to go for considering the company hasn’t showcased a single product. (Also read:  _**Faraday Future: Can the electric vehicle startup deliver on its promise in 2017**_ ) After announcing its first product, Faraday will be working on Project 81 which is said to be a mid-size crossover and should be priced similar to the Tesla Model S and X territory. Production for the crossover is slated for 2019. Another cheap offering from Faraday will launch in 2020, although there is no concrete information around this model. With the company having financial troubles before showcasing its first EV, it seems pretty bold that it has already planned a dozen new cars. If the company doesn’t manage to get a proper flow of funds, then it could be a huge problem for the company.

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