Renault 5 will be reborn as an electric hatchback

More

Volkswagen triples sales of all-electric vehicles in 2020

More

Plug-ins accounted for every fourth new car in West Europe in December

More

NIO unveils ET7 flagship electric sedan

More

Truemag

  • Electric Car News
  • Electric Car Reviews
  • Plug-in Hybrids
  • Technology
  • Home
  • About Us
  • Privacy Policy
  • Advertise
  • Charging Map

Faraday Future Picks Las Vegas for $1 Billion EV Plant

Faraday Future, a new electric vehicle and future mobility startup company, announced plans to invest US$1 billion to build its first manufacturing facility in in a Las Vegas suburb to make what it touts as “cars of the future”.

The 3-million-square-foot plant would create approximately 4,500 jobs in the area and is contingent on the approval of a US$250mil incentive package by the Nevada state legislature, which would include tax abatements and tax credits.

“We have completed a lengthy and thorough site selection process, and are thrilled by the opportunity to partner with Nevada to move this project forward, pending legislative approval,” Dag Reckhorn, Faraday’s vice president of global manufacturing, said in a statement. “We are eager to begin production of our vehicle of the future; it will embrace the increasingly intrinsic relationship between technology and mobility.”

Faraday has said it aims to make money not just on the vehicles but on subscriptions for applications and infotainment piped into the car. The company plans to introduce its first car in 2017, after unveiling a concept next month at the CES electronics show in Las Vegas.

Faraday Future is one of several startups in China and the United States focused on building electric cars to rival Tesla’s.

In September, Beijing Electric Vehicle Co, an affiliate of government-owned BAIC Motor Corp Ltd, said it opened a technology research center in California’s Silicon Valley and is teaming with US electric-car startup Atieva to develop electric vehicles for China and global markets.

State-owned Chinese automaker SAIC Motor Corp is also setting up a research facility in Silicon Valley and is developing electric and self-driving cars.

Dec 11, 2015Blagojce Krivevski
2016 Sonata Plug-In Hybrid Powertrain Named To Ward’s 10 Best Engines ListFord Accelerates Expansion Of EV Battery R&D
You Might Also Like
 
Formula E Stars Set For $1m Vegas eSports Race
 
Faraday Future Releases Teaser Video Of Electric Concept Car
Blagojce Krivevski

Blagojce Krivevski is physicist and green technology lover. Keep in touch with Blagojce through his email, web site, Twitter, Linkedin, Facebook and Google+.

December 11, 2015 Electric Car NewsFaraday Future, Las Vegas, Nevada
Follow Us
  • facebook
  • twitter
  • google-news
  • youtube
  • instagram
  • feedburner
Recent News
GM to Invest $800 Million In CAMI Plant To Make BrightDrop EV600 Electric Delivery Vehicle
January 16, 2021
Hyundai to build fuel cell system production facility in China
January 16, 2021
Electrify America Collaborates with EVNoire to Advance Electric Vehicle Education and Access in Diverse, African American Communities in California
January 15, 2021
CTDOT orders up to 75 Xcelsior CHARGE electric buses from New Flyer
January 15, 2021
Kia presents its new brand purpose and future strategy
January 15, 2021
About
ElectricCarsReport.com ElectricCarsReport.com is a website dedicated to pure electric vehicles and the full range of consumer information and tools about electric cars, green technology energy, and the environment.
Latest News
GM to Invest $800 Million In CAMI Plant To Make BrightDrop EV600 Electric Delivery Vehicle
January 16, 2021
Hyundai to build fuel cell system production facility in China
January 16, 2021
Electrify America Collaborates with EVNoire to Advance Electric Vehicle Education and Access in Diverse, African American Communities in California
January 15, 2021
Subscribe

Sign up for our newsletter to receive the latest news and event postings.

Get in touch

Email: [email protected]

Archives
  • facebook
  • twitter
  • google-news
  • youtube
  • instagram
  • feedburner
DMCA.com
2021 © ElectricCarsReport.com | All Rights Reserved.