Faraday Future to Join All-Electric Racing Series Formula E

Today, electric car maker Faraday Future announced that it is joining Formula E, a racing series reserved strictly for electric-powered vehicles. The California-based company has struck a technical partnership with Dragon Racing, one of the series teams, which will now be called Faraday Future Dragon Racing.

ā€œFormula E has placed a significant emphasis on electric performance and connectivity, which makes it a great fit for Faraday Future,ā€ enthused executive Marco Mattiacci. ā€œFormula E has leveraged a community of fans and embodies the competitive spirit that we also share.ā€

Faraday Future Dragon Racing will make its competitive debut under its new name at the start of Formula Eā€™s Season 3 for 2016/2017, at the Hong Kong ePrix on October 9, 2016. In November, the curious secrecy of Faraday Future led to speculation that it was in fact a ā€œdummyā€ company for Appleā€™s own electric car development, but this theory was later scotched by a Fortune report.

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