Faraday Future sponsored the Long Beach Formula E race back in April, and the electric vehicle hopeful is not yet done with zero-emission racing. Faraday announced today that it will enter a long-term partnership and sponsorship agreement with Dragon Racing for its Formula E team. Faraday will become the core technical partner to and title sponsor of the team starting next season, which kicks off with the Hong Kong ePrix in October 2016.

Called Faraday Future Dragon Racing Formula E, the team has a plan that will last at least three seasons. The idea is to start work on the software to "maximize performance capabilities within the powertrain." Then, in the 2017-2018 season (Formula E's fourth), the team, "will expand its technical contributions to test and implement various Faraday Future developed technology including the FF power controller." The year after that, with the Formula E rules finally allowing the teams to use a new chassis, the Faraday/Dragon team, "will work together to implement various Faraday powertrain components, software, firmware and other hardware as the team sees fit. This could include Faraday Future motors, gearbox and the FF Echelon Inverter." That's the inverter that will be used in Faraday Future's production vehicle.

The announcement comes as Formula E ends its second season in London with two races this weekend. You can watch a live stream (and, later, an archived video) of the announcement above.

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Faraday Future and Dragon Racing Formula E Team Announce Technology Partnership Alliance

Long-Term Technology Development Partnership and Title Sponsorship Starting in 2016/17 FIA Formula E Season 3

London, England. July 1, 2016 – Today, Faraday Future held a press conference at the 2016 FIA Formula E London ePrix to announce a long-term alliance with Dragon Racing to become the core technical partner and title sponsor of the team. The team name will be Faraday Future Dragon Racing Formula E and the partnership will officially get underway at the beginning of season three (2016/2017) at the Formula E Hong Kong ePrix on October 9, 2016.

The announcement was made by Faraday Future executives, Marco Mattiacci, Global Chief Brand & Commercial Officer, and Nick Sampson, Senior Vice President, Global R&D and Engineering along with Ding Lei, Co-Founder, Vice Chairman and Managing Director, LeSEE Plan LeEco, Jay Penske, Dragon Racing Team Owner and Principal, Dragon Racing Team Drivers, Loic Duval and Jerome D'Ambrosio and Alejandro Agag, FIA Formula E President.

"Formula E has placed a significant emphasis on electric performance and connectivity which makes it a great fit for Faraday Future," said Mattiacci, "Formula E has leveraged a community of fans and embodies the competitive spirit that we also share."

At and executive level, Mattiacci will be oversee the partnership with Dragon Racing and Sampson and his team will lead the technical co-operation.

"Partnering with Dragon Racing allows us to further showcase our electric vehicle leadership and technical capabilities in one of the most exciting Formulas in the world," said Sampson, "I clearly see Formula E as the right venue to challenge our engineers and technologies in the most extreme performance conditions."

"We are thrilled to welcome Faraday Future into Formula E. Faraday Future is a brand that is targeting the highest standard in terms of design, R&D and manufacturing of electric cars," said Agag, "and we couldn't be happier that they have chosen Formula E to challenge some of the greatest car companies in the world. This announcement again proves that Formula E is truly the future of motorsport".

Faraday Future is a California-based mobility company focused on extreme technology. We create from the future perspective. Dragon Racing has proven itself on the world racing stage as a championship organization with an emphasis in professionalism, performance and competitive spirit.

Faraday Future Technology

Faraday Future and Dragon Racing will work together in Season 3 (2016/17) to develop key technology software solutions to maximize performance capabilities within the powertrain. Faraday Future's R&D team will look for opportunities within the Dragon Racing platform to improve overall drivetrain performance. Additionally, they will refine data acquisition and analytics, to improve vehicle simulation models, which will aid in more accurate predictions of vehicle performance and efficiency.

In the Season 4 (2017/2018), Faraday Future and Dragon Racing will expand its technical contributions to test and implement various Faraday Future developed technology including the FF power controller.

In Season 5 (2018/19) and beyond, the FIA Formula E will have approved a new chassis for teams to compete in. Faraday Future and Dragon Racing will work together to implement various Faraday powertrain components, software, firmware and other hardware as the team sees fit. This could include Faraday Future motors, gearbox and the FF Echelon Inverter.

This same inverter that will be installed into every future Faraday Future production vehicle. Competing in the Formula E World Championship Series, the technology will encounter some of the most challenging and strenuous conditions the world has to offer.

Partnerships

Since Faraday Future debuted at the Consumer Electronics Show earlier this year, it had been pursuing an avenue to enter into the series. After it emerged as the title sponsor for the 2016 Formula E Long Beach ePrix, Faraday pursued a path to compete through the Dragon Racing organization, who was one of the first teams to believe in the promise of Formula E. Dragon Racing has demonstrated consistent performance throughout the first two seasons and has set the stage for a promising season 3.

Faraday Future's strategic partner, LeEco, will also be involved in the sponsorship with Dragon Racing. LeEco has deep roots in sports and entertainment and plans to help its partners promote the platform. "We are excited to see our partners make such significant strides to bring their technology to different aspects of the electric vehicle movement," said Lei.

In addition to technology development efforts, Faraday Future will become a partner in the Dragon Racing team as a long term stakeholder. This partnership will align the two companies in a relationship to help expand the future development of the sport together.

"It's an honor for Dragon Racing to form this ground-breaking alliance with Faraday Future," said Penske, "Formula E symbolizes a vision for the future of motorsports and the automotive industry, and Faraday Future's strategy for next-generation connected electric vehicles aligns seamlessly with Dragon Racing and Formula E. We at Dragon Racing are already looking forward to Season 3, and collaborating with some of the finest engineers and technologists in EV and motorsport."

About Faraday Future

Headquartered in California, our global team of over 850 employees leverages the talents of leading thinkers and passionate creators from the technology, automotive, aerospace, and digital content industries. We are developing clean, intuitive, seamlessly connected electric vehicles that will advance future mobility solutions for society by consistently challenging the status quo, reinventing our processes, and embracing new technologies.

About Dragon Racing

Dragon Racing is an American auto racing team, involved in many areas of motorsport. The Dragon Racing team in 2014 became one of the initial founding FIA Formula E teams. Dragon Racing was founded in 2007 by Jay Penske and Stephen J. Luczo and is headquartered in Los Angeles, California, the largest EV (electrical vehicle) market in the world, and has additional operations in the United Kingdom at the Donington Park racing circuit.

Dragon Racing is currently one of the leading teams in the Formula E Championship, with the Penske led team finishing 2nd (runner-up) in the inaugural 2014-15 Formula E season with drivers Loïc Duval and Jérômed'Ambrosio.

The accomplishments of the team's key personnel places Dragon Racing in the enviable position of having one of the most experienced teams in the Formula E Paddock. Collectively, team members have over 180 years of racing experience, with over 275 race wins, and 17 series championships. The Dragon Racing team motto is the Latin phrase: E Pluribus Unum (out of many, there is one).

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