Officials with Faraday Future have announced they plan to select North Las Vegas, Nevada as the location for their $1 billion state-of-the-art North American production facility.
“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,” said Dag Reckhorn, vice president of Global Manufacturing, Faraday Future. “We are eager to begin production of our vehicle of the future; it will embrace the increasingly intrinsic relationship between technology and mobility.”
The Nevada Legislature needs to evaluate the specifics of the project, including tax abatements offered by the State. Should the Legislature vote in favor of the deal, Faraday Future will begin planning construction at the selected site. According to an economic impact study conducted by the State, the 3 million square foot automobile manufacturing facility would generate a significant economic impact for the region. The company’s project would include a $1 billion investment in manufacturing within the first 10 years. The project will include 4,500 direct jobs on site, and will create thousands more indirect jobs in the community.
Faraday Future plans to produce 100% electric vehicles that offer seamless connectivity to the outside world. In addition to producing vehicles, the company plans to explore other aspects of the automotive and technology industries, including unique ownership models, in-vehicle content and autonomous driving.
Headquartered in California, Faraday Future is led by a global team of automotive and technology experts. The company’s nearly 500 employees in California have backgrounds spanning the energy, aerospace, design, automotive and technology industries.
