Electric car firm Faraday aims to start $1bn Nevada mega plant by 2018 to rival Tesla

[Geee]

UK Telegraph:

Upstart electric car company Faraday Future hopes to have its first vehicles rolling off the assembly line in 2018, a company executive said on Wednesday, as officials marked the start of construction on a planned $1 billion (£700 million) Las Vegas-area production plant.

 

Nevada has pledged up to up to $335 million worth of incentives toward the project, which Gardena, California-based Faraday promises will employ some 4,500 people over the next decade.

 

The company, backed by Chinese entrepreneur Jia Yueting, currently has about 700 employees in the US. It unveiled a concept car in January, but has not put a vehicle on the market.

 

 

"Our aim is to complete a programme that would normally take four years and do it in half the time, while still doing it right," Dag Reckhorn, Faraday Future global manufacturing vice president, said in a statement released as Nevada governor Brian Sandoval, company and local officials gathered at the North Las Vegas site.