The concept car can accelerate from zero to 60mph in less than three seconds and is capable of hitting more than 200mph, according to the company. It also embraces advances in computing, with what Faraday calls an “intuitive user interface” with virtual and heads-up displays.  Nick Sampson, vice-president of research and engineering at Faraday Photo: Bloomberg  “We are embarking on a complete rethink of what mobility is," said Nick Sampson, vice-president of research and engineering. He added that the business will act more like a “technology company than an automotive company”, allowing to develop quickly. It hopes to produce its first vehicles within two years.  However, it will borrow one key idea from the auto industry, planning to use a “variable architecture platform”, meaning that the same basic design structure can be adjusted so it can create several different vehicles from the same basic floorpan.  Mr Sampson, who previous worked at Tesla, is one of more than 750 employees recruited since Faraday was founded 18 months ago. Included among them are former Apple, BMW, Google and Nasa staff.  The FFZero1 will be based on a 'variable architecture plan', which allows it to be used for multiple vehicle designs Photo: AFP/GETTY  The company also said it was looking at "new types of ownership" for its vehicles, though did not explain exactly what this meant. However, there is speculation it could mean car sharing schemes or fractional ownership for future vehicles, with some suggestion it could be a form of subscription similar to Amazon Prime.  The launch comes the day after Tesla announced it had managed to hit its annual target of delivering 50,000 cars, though the introduction of the seven-seat Model X SUV may have held back its performance as the company stuggled to overcome engineering challenges thrown up by the vehicle.
Chinese-backed electric car group Faraday Future reveals concept electric car   as it sets its sights on Tesla