LeEco-backed Faraday Future unveiled its FF 91 concept electric car at CES 2017 in Las Vegas which it says will ship in 2018. The company had hinted that those interested in having the car would be required to register their interest by making a down payment of $5,000, but the company failed to disclose the likely price of the Faraday Future FF 91.

Even without knowing what the FF 91 would cost in the long run, registration for the electric car was reported to have reached 64,124 in just 36 hours. Previous rumors had suggested that the Faraday Future electric car would be priced around $150K – 200K USD but in a recent interview, LeEco’s CEO revealed that the FF 91 will be priced under 2 million yuan (around $290,000). This is way more expensive than the Tesla Model S P100D which is currently the fastest accelerating electric car (the FF 91 will soon replace that). The Tesla Model S starts at around $130K in the US. Even at that, the FF 91 is still not as expensive as we thought it would be but sure it is a price that is profitable to the company as the model isn’t tailored after LeEco’s cheap flagship phone sales model where they make money from content sales.

The Faraday Future FF 91 features lots of innovative technology, with superior performance and superior handling. It is an SUV  which is touted as having the ability to hit 60 mph in just 2.39 seconds, a few milliseconds faster than the Tesla Model S. The car also has a self-driving feature and is capable of parking itself. The car, in addition, comes with lots of smart connectivity features inside.

Related: Faraday Future FF 91’s Overwhelming Demand: Nearly 70,000 Registrations In Less Than 36 Hours

In a related development, Faraday Future has opened its official website in China and is now accepting booking from those interested in having the car which it called “Dream Partner” version. All they’ll need to do is to make a deposit of 50,000 yuan. It is also expected to ship in 2018 in China.

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Faraday Future FF 91 electric car was unveiled ahead of the CES (Consumer Electronics Show), in Las Vegas. There is overwhelming demand for the car as numerous prospective buyers have registered for it.

At the end of the launch event that was backed by LeEco, the tech startup announced that potential buyers could register for it with a deposit amount of $5,000. Faraday Future did not reveal the actual price of the car that is slated to begin shipping in 2018.

Faraday Future has revealed through its official Twitter account that 64,124 customers from across the globe have registered for FF 91 car in less than 36 hours of its launch. The number seems to be quite high considering the fact that the company did not disclose Faraday Future FF 91’s price and release date.

We've had an overwhelming demand with 64,124 reservations already collected globally in less than 36 hours. #FF91 #FirstOfTheSpecies pic.twitter.com/F7DgQpEldo

— Faraday Future (@FaradayFuture) January 5, 2017

Related: Faraday Future ELectric Car Likely Price Revealed

The nearly 70,000 reservation number that the company is talking about includes people who have made free registration as well as others who have registered with deposit money.  The company’s tweet that boasts about overwhelming from worldwide customers does not reveal the actual number of people who did free and paid registration.

Faraday Future will give priority access to people who paid $5,000 deposit amount for registration over the ones who have done free registration. Moreover, customers who have done paid registration will also have a chance to purchase FF 91’s limited edition that is named as ‘Alliance.’

Customers who have done free registration do not need to commit anything. Speculations have it that the huge number of customers have registered mainly includes people who have free reservation. However, it is interesting to note that the tech startup has managed to find at least a few customers who have opted for paid registration.

At the launch event CES 2017, Faraday Future had revealed a plenty of information on FF 91 electric car that is built to take on rivals like Tesla Model S and Model X. Rumors have it that the electric car will cost around $150K to $200K

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Innovative tech start-up Faraday Future has finally unveiled its first production car which it calls the FF91, in Las Vegas ahead of CES 2017. The Faraday Future FF91 electric car, whose production was backed by LeEco was exhibited live before a packed arena of tech enthusiasts and reporters and the company even demonstrated the prowess and features of the car. LeEco president Jia Yueting was there live actively involved in he exhibition.

The FF91 has an autonomous driving feature, something Faraday Future had not mentioned in the past. The self-driving feature allows for the driver to alight from the car and then send the car to go park itself as well as summon the car when needed. The company showed a video of the car searching for a parking spot and parking itself when it found one. This it was able to achieve using the avalanche of sensors, cameras, and radar which the car comes with.

Another highlight of the Faraday Future FF91 electric car is its speed. The car is touted as being able to hit 60 mph in just 2.39 seconds, a few miliseconds faster than the Tesla Model S. A video of the FF91 beating the Model S in a race was also shown. It was not just video sessions all through, as Faraday Future also demonstrated the car’s full acceleration on stage.

Related: Faraday Future ELectric Car Likely Price Revealed

Aside that, the electric car also has an endurance range of 378 miles as against the 315 miles the Tesla Model S is capable of. In addition, the car has a lot of extra tweaking like a dual antenna that allows for Wi-Fi hotspot connectivity. There is also a facial recognition which allows the owner into the car without the need for the car key. More so, the car is not crammed up as there is enough space inside of up to 151 cubic feet.

See Also: LeTV CEO Backed Faraday Future Unveils Concept Electric Sports Car, FFZERO1

Don’t get too excited, as the Faraday future FF91 electric car will not ship until next year, 2018. However, interested buyers can register for the car now with a deposit of just $5,000. The final price tag slammed on this innovative car isn’t known yet and its still not known if the car can successfully take on the Tesla Model S and Model X.

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As the CES 2017 draws nearer, more details about LeEco-backed Faraday Future electric car are emerging. Before now, it had been established that the car would be unveiled in Las Vegas on January 3 during the Consumer Electronic Show (CES). It was also revealed that the car isn’t just a concept piece anymore but what we’ll be seeing during CES 2017 is a production version ready to go on sale in 2018.

Further details on the likely price tag of the Faraday Future electric car have now emerged, with suggestions in some quarters that the car is likely to carry a price tag of around $150K – $200K USD.

The LeEco-backed electric car is said to have a range of up to 300 miles (482 km), thanks to the large 92-kWh battery it packs inside. The car is even faster than the Tesla Model X.

Read More: Faraday Future SUV Outruns Tesla Model X in Drag Race Video

It is likely, though, that the company is looking to get buyers to key into the concept car so as to help boost its finances. Already, LeEco is swimming in troubled waters financially and Faraday Future is also said to be battling financially. It is reported that the company is hoping to bring in new investors during the CES 2017 unveiling, if not it would go bankrupt in February. We hope the company survives, though, as there are rumors that the innovative company is also planning a midrange electric car to debut in 2020, codenamed Project 81.

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Car startup, Faraday Future, has been in the news a number of times over the past year. After boasting of revolutionizing the car industry and failing to launch their game-changing car at this year’s CES, the company started having issues with funding. They also had to deal with top executives and workers leaving and a lawsuit from one of its suppliers.

Amidst all the controversies, the company in a recent announcement, mentioned that their electric vehicle, an unnamed SUV, will finally be unveiled on the 3rd of January at the Consumer Electronics Show. If you head to their website there’s even a countdown timer to the event.

Over the course of the car’s production, the company has teased the vehicle a couple of times and it appears they are not done yet. In a new video, we see the vehicle, cloaked in black with just the windscreen bare, compete in a drag race with Tesla’s Model X and a couple of other super cars.

In the 45-second video, the Faraday car is raced against one of its major competitors when it eventually launches, Tesla’s Model X. Although the Faraday car apparently wins the drag race, its important to mention that the Model X is no slouch either. The Tesla is able to go from o to 60 MPH in just 2.9 seconds which is one of its unique selling points. Now imagine your selling point being challenged, that’s what Faraday Future is doing.

The video also shows the car raced against a Bentley Bentagya and a Ferarri 488 GTB.

READ MORE: New Video Teasers and Unofficial Renders of Faraday Future Electric Car Surface

The Faraday car is expected to be priced within the $100,000 range. If you have that kind of money sitting in your account and you want to splurge, you can head to the official website and create an account to allow you be notified when reservations start.

Sources: BGR.com and  Jalopnik.com

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Faraday Future, the tech start-up which is backed by LeEco has been on a releasing spree ahead of the official launch of its electric car in CES 2017. The company has released two video teasers already which teases the Faraday Future electric car and we can say the car is an SUV. Although  car is covered in a camouflage on the teasers, its seems to be a stunning looking one.

If you’d recall, the company had previously released some couple of images teasers that showed the front headlight and rear light design of the electric car. Now some designers seem to have used the available information at their disposal to churn out renders of the Faraday Future electric car which show the likely design and final looks of the car.

The renders likely comes close to showing us what the car might look like on final release and it does look very promising. Although the LED headlight and rear light teased looked more like those of a concept car, the renders give us an idea of how they will fit into the car which is said to be production ready. The hood will also be short since it is electric and it has a stream-lined body with a coupe-like sloped roof apparently to help reduce wind drag which could in turn conserve power.

Related: Renders of Faraday Future Electric Car Teased By LeEco’s CEO, Launching Jan. 3

The car is also said to have a range of up to 300 miles (482 km), thanks to the large 92-kWh battery it packs inside. January 3, 2017 will see us meeting with the electric car live and it is one ceremony worth looking forward to. Meanwhile you can check out the Faraday Future video teasers from down below.

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