Electric Carmaker To Build Plant In Vegas

The company said in a statement that their factory will create 4,500 new jobs.

Faraday Future, the upstart vehicle company challenging Tesla, is setting up shop in Nevada – just like Tesla. “After a great deal of research, travel, and careful consideration, we have decided that the best home for our first manufacturing facility would be within the stunning mountainscape of North Las Vegas”, company officials said. Faraday is backed by Yueting Jia, the Chinese founder and CEO of Leshi Internet & Technology.

The plant is another coup for Nevada, which is eager to diversify its tourism-dependent economy and expand in manufacturing. Nevada edged out California, Georgia, and Louisiana for the project.

While Nevada offers a level of general tax incentives to all businesses that make a certain minimum investment, and approved $1.3 billion in incentives for Tesla’s large investment, the deal will ask lawmakers to create a middle-tier option for Faraday’s factory and similar-sized projects.

Faraday hasn’t revealed the name of its chief executive officer or identified its battery supplier.

Faraday Future officials declined to say whether California offered such incentives, citing a nondisclosure agreement. Faraday’s lead designer is Richard Kim, a veteran of BMW.

The state also is promising to build a flyover exit from U.S. Highway 93 into the Faraday campus and widen the highway for about five miles, a project expected to cost between $45 million and $50 million. That legislation didn’t name Tesla specifically but applied only to companies that invest at least $3.5 billion in the state over 10 years.

“North Las Vegas’ long list of benefits made the decision for our plant’s placement a relatively easy one”.

News of the proposed three-million square foot facility to be located in Clark County’s APEX Industrial Park comes after months of speculation about the secretive carmaker based in Gardena, Calif., which previously said it plans to build an advanced, all-electric auto.