Chinese-backed automotive startup Faraday Future revealed its first ever production car January 3, the FF 91, a 1,050-hp battery-powered crossover it says will be the world’s quickest electric vehicle.

The all-wheel-drive car, which Faraday Future showed to a crowd of media and possible investors in Las Vegas, can nail 100 km/h from zero in just 2.39 seconds, besting rival Tesla’s Model S P100D, which can do the same in 2.5 seconds in ‘Ludicrous’ mode, reports Bloomberg.

The unconventional-looking FF 91 – its own designers call it “weird-pretty” – will have a range of about 608 km (378 miles), enough to get from Toronto to Montreal without recharging; and come with semi-autonomous driving tech that will allow it to completely park itself, FF says.

Faraday Future plans to start production of the FF 91 in Nevada this year and make first deliveries in 2018; $5,000 earns you a spot on the waiting list for one, and while FF hasn’t revealed the vehicle’s actual retail price, it’s rumoured to be around $180,000.

Whether any of that happens is yet to be seen: reports suggest Faraday Future is already struggling, that several execs have left the company, and that the market the FF 91 is aiming for is becoming quite crowded. The investor behind FF, Chinese billionaire Jia Yueting, is himself also backing two other luxury electric car companies, LeEco and Lucid Motors.

(Faraday Future and Bloomberg)