Faraday Future's electric car – the autonomous FF 91 – was unveiled at the Consumer Electronics Show in Las Vegas with claims that it packs 1,050 horsepower under the hood and can park itself.
American start-up Faraday said the FF 91's battery packs 130 kilowatt hours of energy, higher than Telsa's best battery offering, reported automotive and technology website Jalopnik. The FF 91 can get an estimated 378 miles of range from that charge.
"Unlike the fantasy racecar at last year's show, the FF 91 (pronounced 'nine-one') actually moved and drove itself, parked itself, and did 0-60 in 2.39 seconds live onstage (with a driver)," said PC World's Melissa Riofrio.
She said Faraday's plans for the FF 91 include production of 300 limited editions in March and mass production sometime in 2018.
The company didn't say what the FF 91 would cost, but will be taking $5,000 deposits for the vehicle through its website, said USA Today. The FF 91 at CES will be auctioned off at a charity event in March.
USA Today noted that "premium sedan" vehicles like the BMW 7-Series can typically cost from $80,000 to $100,000.
Faraday Future has been challenged by negative reports about its finances, noted BBC News. There were reports in November that work on the company's factory in Las Vegas had stopped.
Bloomberg reported that China's LeEco Jia Yueting, a major investor in Faraday Future, announced it was running out of cash needed to keep up with its interest in various businesses.
Six former Faraday Future employees told BuzzFeed News last month that the "company is headed toward its big CES reveal following a year fraught with financial troubles, including mounting unpaid bills, lawsuits from a supplier and a landlord, and a distracting side project undertaken at the behest of its largest investor. The past year has also seen a slew of departures, including senior staffers."