Just a few days after singing joint venture with The9, Faraday Future teases its upcoming V9 flagship EV. Jia Yueting, CEO of Faraday Future posted a new poster revealing the design outline of V9. He even explained the whole design concept in a Weibo post saying “Thanks for your attention to our brand new flagship V9. The basic design principle would be a mobile smart product that combines design, artificial intelligence and seamless interconnectivity between vehicles and people.”
According to the new poster and earlier leaks, it will carry some similarities with FF91 in terms of appearance. The company plans to develop 300,000 units of the V9 yearly with pre-orders and offline sales commencing by 2020.
Keeping track of Faraday Future’s record with partners, The9 is careful with their money. The mobile gaming company will initially release $5 million payment and further funds escalation will depend on “satisfaction of funding conditions.”
The9 Limited, mobile gaming company recently signed a joint venture agreement to develop the Faraday Future’s flagship EV. According to the joint venture terms, The9 will constitute 50% share with the US $600 million of investment. Under the agreement, the joint venture will be responsible for “manufacture, market, distribute and sell Faraday Future’s new brand V9 model.”
Last week while speaking on the Joint venture with Faraday Future, Mr. Jun Zhu, CEO of The9 said “We are very pleased to see The9, an Internet company with more than a decade of industry experience, to partner with FF, a high-tech internet mobility company, to bring high-quality luxury electric vehicles to the Chinese marketplace.”
Furthermore, FF is on the verge to initialise the final production of ultra-luxury FF 91 in the US. Faraday Future terms the new ventures and agreements as the beginning of strategic actions for the company.
(via)
