Faraday Future, a startup working on an electric vehicle, has announced that the company has partnered with Philips Intellectual Property & Standards for showcasing vehicle features that use a select set of Philips technologies.
In this joint development agreement, Philips will provide its expertise in user wellness monitoring and together with Faraday Future, they will integrate the technologies accordingly in FF’s vehicles.
The company adds that Philips’ health technology and software add significant differentiators to Faraday Future’s product vision and its planned upcoming FF 91 and FF 81 luxury electric vehicles.
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Faraday Future has also added that the company plans to kick-off production for FF 91 in about nine months after it successfully closes its funding round. This will then be followed by the FF 81 EV and development preparation of future models.
The company, founded in 2014, has been through a messy situation a few years ago. It has been facing financial issues since 2017 as LeEco, the company it was tied to, started having financial problems, which have been linked to the founder and CEO of both the companies — Jia Yueting, who filed personal bankruptcy earlier this year.
A couple of months ago, it was reported that Faraday Future is planning to go public through a special purchase acquisition company (SPAC) deal. But so far, there has been no announcement from the company regarding the same.
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