Faraday Future is a Chinese-backed, American start-up technology company focused on the development of intelligent electric vehicles. Faraday Future was established in 2014 and is headquartered in Gardena, California. Since its inception in 2014, the company grew to 1000 employees by January 2016. Their financial partners are LeEco, a Chinese consumer electronics company, led by Jia Yueting. Faraday Future is named for one of the founding principles of electric motor technology known as Faradays law of induction. Faradays Law is in turn named after English scientist Michael Faraday who discovered electromagnetic induction. The company debuted its first concept vehicle, the single-seat FFZERO1, at the January 2016 Consumer Electronics Show but did not announce production schedules.