• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Iran just crossed Trump's red line for resuming all-out war as fighting continues to escalate with no end in sight

2

'Dr. Doom' Nouriel Roubini says we're headed for universal basic income or 'some form of socialism' as AI revolutionizes work—He calls that optimistic

3

Indeed chief economist: Aging Baby Boomers are America's real labor problem, not AI

1

Iran just crossed Trump's red line for resuming all-out war as fighting continues to escalate with no end in sight

2

'Dr. Doom' Nouriel Roubini says we're headed for universal basic income or 'some form of socialism' as AI revolutionizes work—He calls that optimistic

3

Indeed chief economist: Aging Baby Boomers are America's real labor problem, not AI
Faraday Future

Faraday Future Says LG Chem Will Provide Batteries for Its Electric Cars

By
Kirsten Korosec
Kirsten Korosec
Down Arrow Button Icon
By
Kirsten Korosec
Kirsten Korosec
Down Arrow Button Icon
October 3, 2016, 12:19 PM ET
2016 Consumer Electronics Show (CES) in Las Vegas
A Faraday Future FFzero1 concept car is seen at the 2016 International Consumer Electronics Show (CES) in Las Vegas, Nevada, USA, 06 January 2016. Photo by: Jason Ogulnik/picture-alliance/dpa/AP ImagesJason Ogulnik — picture-alliance/dpa/AP
Add Fortune on Google for similar content.

Faraday Future, the electric car startup backed by Chinese investors and based in California, says it will use lithium-ion batteries made by LG Chem for its future vehicles.

The lithium-ion cells will be integrated into Faraday Future’s so-called VPA platform, a universal, scalable modular battery structure that will allow the company to more efficiently produce different sized vehicles.

This is more than just a supplier agreement between a startup and one of the largest lithium-ion battery makers in the world. Like Tesla’s relationship with Panasonic—a rival cell supplier—LG Chem is working closely with Faraday Future to develop electric vehicle battery vehicle technology. These deep partnerships are what can lead to cheaper, more efficient, more powerful batteries, which will, in turn, help make electric vehicles more attractive to consumers.

For instance, LG Chem’s collaboration with General Motors helped the automaker develop the upcoming Chevrolet Bolt, a mass market electric vehicle that will get 238 miles on a single charge. Pushing the battery range past 200 miles in a car that costs under $40,000, has been viewed as critical for the widespread adoption of electric vehicles.

Get Data Sheet, Fortune’s technology newsletter

LG Chem, a division of South Korean electronics company LG, has also worked with the more established electric car startup Tesla Motors (TSLA). The company has supplied cells for Tesla’s Roadster, the automaker’s first car. Panasonic has been Tesla’s main battery supplier for its Model S sedan, Model X SUV, and its upcoming mass market car, the Model 3.

Faraday Future says the companies have already made some advancements in the electric battery by using a new chemistry that results in the highest energy density—or the amount of energy that can be stored in a battery per its volume—for a production automotive battery. The more energy that can be stored in a battery, the longer the driving range.

“LG Chem worked closely with Faraday Future to develop a tailored cell chemistry to optimize the range and safety of our mass production battery hardware,” said Tom Wessner, vice president of global supply chain at Faraday Future, in a statement.

This is perhaps Faraday Future’s most important partnership to date. The company, which now has more than 1,400 employees, has yet to unveil a production electric car. It has been on a hiring and building spree since its public debut in January at CES, the annual consumer electronics trade show in Las Vegas.

This Electric Car Can Go 0 to 60 in Under 3 Seconds:

The company, which is backed by Chinese billionaire Jia Yueting, is building a 3-million-square-foot factory in North Las Vegas. The factory, which is located on a 900-acre parcel at the Apex Industrial Park, will eventually employ 4,500 people.

In July, Faraday Future announced a partnership with Dragon Racing, a team owned by Jay Penske that races in the FIA Formula E Championship, a class of auto racing that uses only electric-powered cars. Faraday Future will be a core technical partner and title sponsor of the team owned by Penske, a media and publishing entrepreneur who has deep roots in professional racing.

The company has also received a permit from the California Department of Motor Vehicles to begin testing prototype self-driving electric vehicles on the state’s public roads later this year.

About the Author
By Kirsten Korosec
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in

The world is looking ahead toward a post-Iran oil market that offsets most Hormuz volumes in a few years as ships reject a U.S.-backed alternate route
Middle EastOil
The world is looking ahead toward a post-Iran oil market that offsets most Hormuz volumes in a few years as ships reject a U.S.-backed alternate route
By Jason MaJuly 19, 2026
2 hours ago
bang
SuccessBangladesh
The people sewing your clothes can’t see the stitches clearly — a $10 pair of glasses could unlock $27 billion in gains
By Al Emrun Garjon, Julhas Alam and The Associated PressJuly 19, 2026
4 hours ago
t
PoliticsWhite House
Trump officials were trying to use a Biden rule to gut billions in grants — a judge just said no
By Michael Casey and The Associated PressJuly 19, 2026
4 hours ago
t
North AmericaWorld Cup
Trump hails World Cup as huge win for America: ‘It turned out we were a soccer country, and I think it’s going to remain’
By Seung Min Kim, Josh Boak and The Associated PressJuly 19, 2026
4 hours ago
jon
PoliticsElections
The Democrats suddenly have a 39-year-old Senate warrior tearing into Trump and ‘Prince Don and Prince Eric’: Jon Ossoff
By Bill Barrow and The Associated PressJuly 19, 2026
4 hours ago
haley
PoliticsElections
Ask her about why AIPAC spent $30 million on her Michigan Senate campaign and she’ll talk for 800 words about anything else
By Joey Cappelletti and The Associated PressJuly 19, 2026
4 hours ago

Most Popular

Iran just crossed Trump's red line for resuming all-out war as fighting continues to escalate with no end in sight
Middle East
Iran just crossed Trump's red line for resuming all-out war as fighting continues to escalate with no end in sight
By Jason MaJuly 18, 2026
21 hours ago
'Dr. Doom' Nouriel Roubini says we're headed for universal basic income or 'some form of socialism' as AI revolutionizes work—He calls that optimistic
AI
'Dr. Doom' Nouriel Roubini says we're headed for universal basic income or 'some form of socialism' as AI revolutionizes work—He calls that optimistic
By Jason MaJuly 18, 2026
21 hours ago
Indeed chief economist: Aging Baby Boomers are America's real labor problem, not AI
Commentary
Indeed chief economist: Aging Baby Boomers are America's real labor problem, not AI
By Svenja GudellJuly 18, 2026
1 day ago
Power companies are using eminent domain to seize land for data centers as 70% of Americans say not in my backyard
AI
Power companies are using eminent domain to seize land for data centers as 70% of Americans say not in my backyard
By Aaron Walayat and The ConversationJuly 19, 2026
11 hours ago
U.S. companies have finally gotten $71 billion in tariff refunds, but they’re using it to offset inflation caused by the Iran war
Economy
U.S. companies have finally gotten $71 billion in tariff refunds, but they’re using it to offset inflation caused by the Iran war
By Sasha RogelbergJuly 17, 2026
3 days ago
FedEx CEO says we are in the middle of the biggest supply chain shift he’s seen in 35 years: ‘We are the referendum’
C-Suite
FedEx CEO says we are in the middle of the biggest supply chain shift he’s seen in 35 years: ‘We are the referendum’
By Fortune EditorsJuly 15, 2026
4 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.