Faraday is the company that a month ago announced that are planning to become a competition to Tesla Motors. Recently, the company has introduced its first concept car, Faraday Future ZERO1. Interestingly, the news that the investment comes from the Chinese billionaire Jia Yueting is completely accurate.

This time, the finances are not the center of the story, but beautiful Faraday Future FFZERO1 concept. The car comes with a 1,000 hp, acceleration from 0 to 100 mph in less than 3 seconds and a top speed of 320 km/h. At leas,t from what we can see, this is an exclusive and futuristic car. Although the company announced limited series, the car that comes from a factory in Nevada will be made modular, so buyers can choose from several different models. Depending on the built-in car components, you can have a more powerful engine or larger batteries.

The company announces that the concept vehicle comes with full equipment: four engines, which will be the most built version of the car. Faraday announced that the batteries are similar to the ones of Tesla and will be made by the company itself.

However, this is a theory only, because the car is far from realization, and Tesla doesn’t have a reason to panic. Elon Musk, the founder of Tesla welcomes competition anyway.

Check out the presentation video below: