Friday morning, officials from electric car startup Faraday Future and American auto racing team Dragon Racing announced a technical partnership to get Dragon Racing through the next four Formula E race series. The partnership begins with Formula E’s third series, which starts October 9, 2016.
In a press conference in London just before Formula E’s ePrix competition, Dragon Racing Team Owner and Team Principal Jay Penske said his team was looking forward to taking advantage of Faraday Future’s intellectual property. Penske cited the startup’s Los Angeles-based team of more than 1,000 people and its portfolio of more than 320 patents.
Faraday Future has attracted some attention as a potential competitor to Tesla as a from-scratch luxury electric vehicle designer. The company revealed a concept car at Las Vegas’ Consumer Electronics Show this year, but since then it has provided scant news of what an actual production vehicle would look like. The lack of reveals has drawn criticism regarding whether Faraday can actually compete against companies like Tesla, GM, and Nissan that have already been producing road-ready electric vehicles for years.