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Faraday Future shows off its Formula E electric race car

Faraday Future still hasn’t revealed anything about its planned production electric car, but it did slap its name on a Formula E race car. Faraday Future Dragon Racing debuted its final livery design today ahead of the Formula E season opener in Hong Kong.

Called “Polarity,” Faraday says the livery is a “striking minimalist contrast between black and white.” White “symbolizes clean energy, harnessed from a number of renewable resources,” while black represents the “assertive, powerful, and refined performance” drivers will experience. If only Faraday put this much effort into discussing the car it actually plans to sell to customers.

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Perhaps just as significant as the livery itself are the LeEco stickers on the car. This Chinese electronics giant is the source of most of Faraday’s funding, but may also be developing electric cars on its own. It unveiled a concept car called the LeSee at the 2016 Beijing Auto Show, and also has a technical partnership with Aston Martin.

Read more: Mercedes-Benz eyes a spot on the Formula E grid

While Faraday was able to go nuts with the livery, the car its team will race is the same Spark-Renault SRT_O1E chassis used by the other teams, per Formula E rules. This season, the cars get a new front-end design intended to make them look cooler. It’s unusual in racing for design changes to be made purely for aesthetic reasons, but with its electric cars and gimmicks like FanBoost (which lets fans vote to give a driver a temporary power boost), Formula E isn’t like most race series.

This season, Faraday’s role will be largely limited to that of a sponsor, although the company says it may provide some help with software. Over the next two seasons, Faraday expects to begin supplying actual hardware to the team, potentially including motors and other powertrain components.

Meanwhile, the electric car Faraday plans to put into production in less than two years remains a mystery. Faraday broke ground on a factory in North Las Vegas, Nevada, earlier this year, and recently inked a battery-supply deal with LG Chem, but has not released any substantial information on the car itself.

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It sounded like Faraday Future had moved beyond the worst of its nightmare-esque financial problems when it received a $2 billion lifeline from a Hong Kong-based investor in June 2018. The sizable sum, which was to be paid in several installments, promised to keep the company afloat while allowing it to launch production of the FF91, its long-overdue first model. Court documents indicate the relationship between the two firms has turned sour and Faraday wants a divorce.

Jia Yueting, Faraday's billionaire founder, filed for arbitration in Hong Kong on October 3, according to industry trade journal Automotive News. Posting on its official Twitter account, Faraday Future bitterly claims Evergrande Health Industry Group -- the new owner of the company which made the initial investment -- provided an initial payment of $800 million but didn't keep its promise of sending additional installments as the firm met performance-related goals.

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