Faraday Future picked an unusual spot for its $1 billion factory

The $1 billion plant is supposed to lend credence to Faraday Future’s ambitious plan to bring an electric vehicle to market by 2017, but that remains an ambitious goal, considering the company has yet to fully reveal its concept.

Faraday wants to build its factory in North Las Vegas, a suburb of Sin City.

Faraday plans to employ 4,500 people when the plant reaches maturity in 2023.

It’s all pending legislative approval, so Faraday Future hasn’t laid out a timeline for when the factory will be completed. Rival Tesla Motors is building the world’s largest lithium-ion battery factory east of Reno after choosing Nevada over four other states.

In September, the Wall Street Journal reported that Apple had authorized Project Titan to hire an additional 1,200 employees and planned to ship its first auto in 2019.

To hedge against the risk of inviting an upstart, largely unknown company to Nevada, the state is planning to allow Faraday the abatement money it would receive under the lowest incentive tier, and bank the extra money it’s owed as part of the proposed middle tier.

After that, a special session of the Nevada legislature is expected to be convened to approve tax incentives for Faraday Future.

The company has played it close to the vest regarding ownership, but its California corporate filings indicate an association with a company owned by Chinese media billionaire, Jia Yueting, who, according to Tech Insider, has a passion for electric vehicles.

“The Governor’s Office of Economic Development and the City of North Las Vegas presented a united front with a business friendly attitude and structured deal terms to level the playing field with the competing locations”, Frei said.

Faraday is also expected to create 3,000 construction jobs and 9,000 indirect jobs.

Steve Sisolak, Democratic chairman of the Clark County Commission, called himself “admittedly skeptical” of the Faraday Future proposal until he heard the number of jobs it might attract.

“The technology is going to be the payoff, rather than the end product”, O’Connell said in an interview.

“It would be wise to be skeptical about a timetable to build cars this quickly”, he said.