How The Man Who Challenged Tesla Went Bankrupt

Faraday Future, a California-based electric-car startup and Tesla’s once rival, generated buzz in 2015 as the company poached top talent from Tesla, BMW, Audi, Ford, and Ferrari. Called “Tesla killer,” Faraday’s meteoric rise in notoriety occurred on dubious underpinnings — the company did not promise a product, nor did it announce any concrete plans for its first few years of operation. The mystery surrounding Faraday was only matched by its enigmatic cofounder and CEO, Jia “YT” Yueting, the billionaire businessman who founded multiple telecom companies in China but left abruptly to become the CEO of Faraday. We took a look at YT and Faraday Future’s promise, the financial woes that led them both to bankruptcy, and YT’s relationship with the reanimated Faraday today.

MORE CARS INSIDER:
The Rise And Fall Of Hummer

Tesla Tuning Shop Upgrades Model X Into A $175,000 Masterpiece

Why Tesla’s Model 3 Received A 5-Star Crash Test Rating

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How The Man Who Challenged Tesla Went Bankrupt

Best Car Tech From CES 2020

The Consumer Electronics Show is the premier event to see new and innovative technology coming to the consumer market. As the automotive industry shifts to electric vehicles and integrating more and more tech solutions into cars, it’s developed an increasingly large presence at CES. This year’s show saw 48-inch screens replacing dashboards and concept cars inspired by “Avatar.” We narrowed down the coolest automotive tech from Mercedes, Jeep, Audi, Byton, and even Sony.

MORE CARS CONTENT:
The Rise and Fall of Hummer https://youtu.be/SHLmoswkkAQ
Why Hydrogen Cars Will Be Tesla’s Biggest Threat https://youtu.be/DbojSLdgs50
Why A Million-Mile Battery Means Teslas Could Last A Lifetime https://youtu.be/lZtfAtHMhmE

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Best Car Tech From CES 2020

Audi shows off autonomous car at CES in Las Vegas

Germany automaker Audi is showing its concept of a car of the future at the CES technology show in Las Vegas. The autonomous AI:Me was launched in 2019, but at CES it offered rides in the self-driving car for the first time. (Jan. 8)

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Los Angeles Auto Show: the future of cars is electric | AFP

Ford, BMW, Hyundai, Toyota, Audi… car manufacturers around the world are betting on electric cars as they introduce new models at the Los Angeles Auto Show. “Consumer demand is growing for electrified vehicles,” says Pieter Nota, a member of the board of management of BMW, who introduced the Mini Electric model which will be available for the US market.

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The Best Concept Cars of 2017

These are some of our favorite concept cars that we have featured throughout the year of 2017. Following is a transcript of the video.

#1

The “Hum Rider” has hydraulic lifts in the wheels. They push 9 feet into the air. Plenty of room to cruise over traffic.

#2

If you love touch screens, this is the car for you. This is Corning’s Connected Car prototype. Everything is a touch screen including the steering wheel.

#3

Lexus has made a car covered in LEDs. This is the 2017 Lexus LIT IS. It has 41,999 LEDs that cover the sedan in designs and colors. Its lighting can also react to people and sounds around it.

#4

Volkswagen wants to take self-driving cars to the next level. This is Sedric. The concept car has a literal friendly face. It has no pedals or steering wheel. Movement would be controlled by a digital assistant.

#5

This Toyota concept crossover is for Gen Y. Behold the Toyota FT-4X Concept. Toyota thinks millennials need a car for “casualcore” outings. Multiple storage options.

#6

This concept car has airbags on the outside. It’s called the Flesby II. LED lighting gives the car some personality. But the lights do more than make faces. They’re meant to communicate with passengers and pedestrian. The exterior airbags absorb the impact of a collision and are supposed to instantly repair any dents.

#7

This is “Deep Orange 7.” It’s a fully-functional concept. It has a very unique storage system. There is a storage area in the front where you can show off your favorite items. Think outdoor gear, yoga equipment, or gardening tools.

#8

This beautiful car is powered entirely by hydrogen. Riversimple has launched Rasa. It looks like something out of a James Bond movie. It gets 300 miles on one tank of hydrogen. The two-seater has gull-wing doors. Electric motors are hidden in the wheels.

#9

Audi’s tail light concept looks incredible. It’s called “The Swarm.” The tail light is a continuous OLED screen.

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The Audi SQ5 is one of the most high-tech SUVs you can buy

This is the new 2018 Audi SQ5 powered by a 3-liter, turbocharged V-6 engine. This virtual cockpit features maps from Google Earth, a large infotainment display and the car has raising and lowering technology.

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Business Insider is the fastest growing business news site in the US. Our mission: to tell you all you need to know about the big world around you. The BI Video team focuses on technology, strategy and science with an emphasis on unique storytelling and data that appeals to the next generation of leaders – the digital generation.

RAW: Suspect in Barcelona car attack arrested in Ripoll

A suspect in the fatal Barcelona van attack was arrested in Ripoll on Friday, with three others suspects now in custody in relation to Thursday’s ramming, which left at least 14 dead and scores injured.
Later, five attackers reportedly drove an Audi A3 into a group of pedestrians, injuring seven, only hours after the Barcelona attack. The suspected assailants, who were shot dead by police officers, are alleged to have been wearing fake explosive belts, according to local authorities.

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