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What to expect from Faraday Future’s Reveal Event on Jan. 3 at CES 2017

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Details for Faraday Future’s upcoming Reveal Event slated for January 3, on press day ahead of the public opening of CES 2017, are being made available by the company. The event will be held at The Pavilions located at the World Market Center: a semi-open convention space in Las Vegas that’s frequently used for trade shows and special events.

The Reveal Event will be live streamed from Faraday’s website beginning promptly at 6:00pm PST, but event attendees will be allowed entrance into the venue beginning at 5:00pm. Invited guests are asked to arrive early and provide sufficient time for parking and event registration. Self-parking is available in the lot between the main World Market Center building and The Pavilions, however Valet service will also be provided at the main entrance to the event.

Here’s a map of the venue.

We know that cocktails and hors d’oeuvres will be served before the event, but no additional details have been provided by Faraday Future. Based on past event photos obtained from the organizer assisting Faraday with their much anticipated Jan. 3 unveiling, it’s presumed that a stage will be set up along the tented space where the company will showcase a video presentation of its vision for the future, consisting of a subscription-based model for a range of vehicle types. A main center bar will also be made available within the covered space.

Guests of the event were asked to dress in business attire.

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Faraday Future’s Reveal Event will also have an outdoor area where the company will demonstrate the capabilities of its fleet of vehicles on a closed course. Sources have told us that Faraday will present multiple vehicles that demonstrates the versatility of the company’s Variable Platform Architecture (VPA) which includes a long range and high performance version – the same vehicle seen beating Tesla’s flagship Model S P100D in a drag race – and a self-driving prototype that can be hailed via a mobile app.

A teaser video released by Faraday Future on social media reveals that there is, in fact, several vehicle variations under wraps. All vehicles appear to have a Tesla-like dual camera set up mounted on the upper portion of the front windshield further validating that the vehicles will have some form of vision capability commonly used for autonomous driving. The lead vehicle in the photo below is seen with a LiDAR mounted on top, while the trailing vehicle replaces the traditional side mirror with a camera.

Here’s the teaser video provided by Faraday Future showing quick glimpses of its fleet of vehicles from the company’s Southern California-based headquarters. Faraday has not confirmed that all vehicles seen within the video will be unveiled at CES 2017, but we think it’s likely that the company will showcase the entire fleet on January 3.

We’ll be providing exclusive photos and a behind the scenes look from Faraday Future’s Reveal Event on our Facebook page. Be sure to Like us to see a first-person perspective on what might be taking place at this mysterious electric vehicle startup, directly on your feed.

 
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Rivian and Amazon announce huge milestone with EDV

The companies announced today that they had officially launched the EDV in Canada for Amazon, as the first 50 units are out and about in Vancouver, and the company said it was “marking an exciting milestone in our five-year history of operations in Canada.”

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Credit: Rivian

Rivian and Amazon have announced a huge milestone with their Electric Delivery Vehicle (EDV), the van that the two companies developed for the e-commerce giant to sustainably deliver packages to customers.

The EDV was first unveiled back in September 2019, when Amazon announced a massive investment in Rivian and placed an order for 100,000 electric vans, aiming to deploy them by 2030 as part of the company’s sustainability goals.

Production started in 2021 in Normal, Illinois, and entered Amazon’s fleet of active delivery vehicles over the Summer of 2022. Amazon kept the initial vehicles in major metropolitan areas and eventually started rolling them out to more delivery hubs across the United States.

In December 2024, the companies announced they had successfully deployed 20,000 EDVs across the U.S. In the first half of this year, 10,000 additional vans were delivered, and Amazon’s fleet had grown to 30,000 EDVs by mid-2025.

Amazon’s fleet of EDVs continues to grow rapidly and has expanded to over 100 cities in the United States. However, it has just reached a new milestone, and it has nothing to do with the size of its fleet.

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The companies announced today that they had officially launched the EDV in Canada for Amazon, as the first 50 units are out and about in Vancouver, and the company said it was “marking an exciting milestone in our five-year history of operations in Canada.”

The EDV is a model that is exclusive to Amazon, but Rivian sells the RCV, or Rivian Commercial Van, openly. It detailed some of the pricing and trim options back in January when it confirmed it had secured orders from various companies, including AT&T.

The RCV starts at $83,000, and is one of the few electric vans on the market that is suitable for package delivery in a commercial setting because of its build and interior features.

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Rivian prepares to launch the EDV outside of Amazon as the RCV – Here’s when

However, it also seems to be a great option as a service vehicle for companies, which is likely why AT&T is going to utilize it.

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Tesla’s biggest rival in China reported a big profit decline once again

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(Credit: BYD)

Tesla’s biggest rival in China reported a big decline in its profitability for the second straight quarter, and a loss of one-third compared to the same quarter last year.

BYD overtook Tesla as the best-selling EV maker in China in the fourth quarter of 2023, finally surpassing the company in terms of sales in the region.

Is Tesla really losing to BYD, or just playing a different game?

The Chinese market is one of the most competitive in the world, especially for EVs, as the industry is healthy with young and scrappy companies looking to sell the best possible tech in their vehicles.

BYD reported its earnings on Thursday and said that its profit had slumped by 33 percent compared to the same quarter last year. For this year’s third quarter, BYD reported a net profit of 7.8 billion yuan ($1.1 billion), a 32.6 percent decrease compared to the same period in 2024.

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Its revenue was 195 billion yuan ($27.4 billion), which was only a 3 percent decrease compared to Q3 2024.

The drop in profits and revenue can mostly be attributed to the ongoing growth of competition in the Chinese market. The increased competition in China has pushed companies to turn to overseas markets in response, according to CnEVPost.

BYD is one of those companies, and it is attempting to push sales upward by entering new markets, especially in Europe, where the company sold more than 13,000 units in EU countries in September alone.

This was a 272 percent increase year over year, a major piece of evidence that it has a lot of potential in foreign markets.

The drop in financial figures is likely a short-term issue for BYD, as it has already established itself as a formidable competitor to many companies in many markets. In Q1, it reported an increase in profit by 100 percent compared to the same time span the year prior.

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As it works to expand to even more markets in the world, it will continue to build upon its already-solid reputation.

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GM takes latest step to avoid disaster as EV efforts get derailed

There was an even larger step taken this morning, as the Detroit Free Press reported that GM was idling its Factory Zero plant in Michigan until late November, placing about 1,200 workers on indefinite layoff status.

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Credit: GM

General Motors has taken its latest step to avoid financial disaster as its electric vehicle efforts have been widely derailed.

GM’s electric vehicle manufacturing efforts started off hot, and CEO Mary Barra seemed to have a real hold on how the industry and consumers were starting to evolve toward sustainable powertrains. Even former President Joe Biden commended her as being a major force in the global transition to EVs.

However, the company’s plans have not gone as they’ve drawn them up. GM has reported some underwhelming delivery figures in recent quarters, and with the loss of the $7,500 tax credit, the company is planning for what is likely a substantial setback in its entire EV division.

Earlier this month, the company reported it would include a $1.6 billion charge in its quarterly earnings results from EV investments. It was the first true sign that things with GM’s EV projects were going to slow down.

There was an even larger step taken this morning, as the Detroit Free Press reported that GM was idling its Factory Zero plant in Michigan until late November, placing about 1,200 workers on indefinite layoff status.

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This is in addition to the 280 employees it has already laid off after production cuts that happened earlier this year at the Detroit-Hamtramck plant.

After November 24, GM will bring back 3,200 people to work until January 5 to operate both shifts. On January 5, GM is expected to keep 1,200 workers on indefinite layoff.

GM is not the only legacy automaker to make a move like this, as Ford has also started to make a move that reflects a cautious tone regarding how far and how committed it can be to its EV efforts.

After the tax credit was lost, it seemed to be a game of who would be able to float their efforts longest without the government’s help. Tesla CEO Elon Musk long said that the loss of these subsidies would help the company and hurt its competitors, and so far, that is what we are seeing.

Elon Musk was right all along about Tesla’s rivals and EV subsidies

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However, Tesla still has some things to figure out, including how its delivery numbers will be without the tax credit. Its best quarter came in Q3 as the credit was expiring, but Tesla did roll out some more affordable models after the turn of the quarter.

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