[aytakin]

Zero basis as to how Faraday is related to Apple.

Looking at available information, Jia Yueting, who is reported as being the Chief Executive, has been looking into electric cars. He has been reported to be working on a concept, the Mule Car, due to be showcased in 2016. His company, LeTV, has 400 staff in the US working on this concept car, similar to that of Faraday. The company has announced a partnership with Aston Martin to explore electric cars.

If we are to speculate, it would be closer to reality that Jia Yueting, with the help of Aston Martin has realized the name "Mule Car" is not markatable and they have developed Faraday, in order to be more marketable and be competitive with Tesla.