Billed as seeking to “redefine mobility”, the car, which currently goes under the project name “FFZERO1” is hoped to one day compete against the likes of Tesla in the electric automobile sector.
The 1,000 bhp car is expected to reach 60mph in just 3 seconds and boast a top speed of 200mph.
“We are embarking on a complete rethink of what mobility is,” said the company’s senior vice president of research and engineering, Nick Sampson.
Sampson said the company intends to move “very fast” on its plans and has already announced a $1 billion factory to be built near Las Vegas.
In just 18 months since its founding, Faraday has built a team of 750 employees and intends to produce its first car within two years. Faraday will move fast because it will act “more like a technology company than an automotive company,” Sampson added.
At the event, the company also confirmed a “strategic partnership” with China-based media and tech firm Letv.