Electric vehicle startup Faraday Future has inked a deal with LG which will see the tech company providing batteries for Faraday Future’s upcoming electric vehicles.
LG Chem provides batteries for a number of electric vehicles, including the Ford Focus EV, Chevrolet Volt, and the upcoming Chevrolet Bolt, which is rated to get over 200 miles on a single charge.
Faraday Future and LG are working together to help build a battery with the highest energy density in the industry. The company is a natural competitor to another new electric vehicle start-up, Tesla, but Faraday Future is expanding their operations to include mobility solutions as well.
While Faraday Future has yet to unveil a production vehicle, they have shown off a radical looking concept, and spy photographers have spotted a prototype that looks similar to a Tesla Model X, hinting at Faraday Future’s upcoming products. A major aspect of the automakers cars is its VPA scalable architecture, that can be modified to accommodate a number of different body styles and drive train set ups.
Despite the lack of a lineup, the automaker has already broke ground on a $1 billion assembly plant near Las Vegas.
“LG Chem worked closely with Faraday Future to develop a tailored cell chemistry to optimize the range and safety of our mass-production battery hardware,” Tom Wessner, Faraday Future’s vice president of global supply chain, said in a statement.
Faraday Future is backed by a Chinese billionaire Jia Yueting who owns LeEco, a Netflix-like service offered in Asia. LeEco recently unveiled its own concept car, the LeSee model in Beijing which was also an EV, and featured a self-driving technology.