The Tech Tribune, a U.S.-based tech media, recently compiled a list of the best tech startups of 2019 in Los Angeles, California. Faraday Future, the American EV startup, makes to the list.
“Faraday Future is a global automotive and technology company, uniting the latest in sustainable transportation and connected digital ecosystems to redefine future mobility – and move humanity forward.” Tech Tribune says.
The list took into consideration revenue potential, leadership team, product traction and competitive landscape of the companies. Apart from this list, Faraday Future was also selected into the 2018 Best Tech Startups in the US, ranking fifth, after Uber, Lyft, Airbnb and Magic Leap.
On Jan.31, Faraday Future’s CEO and majority shareholder Jia Yueting posted on Wechat moments, “In the list of the 2019 best tech startups in California, Faraday Future, Uber and Lyft are among the top three. The latter two excel at their innovations in business model under the concept of shared economy, and FF is chosen because of the groundbreaking innovations in our product technologies. As the first product of FF’s innovations, FF91 is now only one step from mass production, and it is time for us to be tested by the market and users.”
Founded in 2014, Faraday Future has been focusing on the development of intelligent electric vehicles. The name Faraday Future comes from Faraday’s law of induction, which is one of the founding principles of electric motor technology. The company debuted its first production vehicle, the FF 91, at the January 2017 Consumer Electronics Show. After the recent turmoil with Evergrande Health, one of its major investors, the company is restoring its energy for the mass production of FF 91.
Featured Image Source: Faraday Future