Dec 10, 2015 10:59 AM EST
Faraday Future Chooses Las Vegas For $1 Billion Electric Car Plan

Faraday has chosen a suburb in Las Vegas as the home for its $1 billion electric car plant, taking one step further in challenging Tesla in the EV game.

Jia Yueting, the Chinese billionaire that is supporting the electric-vehicle startup, sent a letter to the Nevada legislature describing his plan for the company's first U.S. factory, which will go towards building its electric cars, according to Bloomberg.

"We hope to bring our $1 billion investment to North Las Vegas and open our first manufacturing facility there, creating 4,500 jobs," Jia said in the letter.

Nevada Governor Brian Sandoval will discuss the investment in a press conference Thursday morning in Las Vegas, which will be followed by a special session of the Nevada legislature in which it will approve tax incentives for Faraday, CNBC reported.

Nevada was one of several options that Faraday has been considering while picking the home for its plant, with others including Georgia, Louisiana and California.

While details about Faraday remain vague, such as the identity of its CEO and its battery supplier, the company is assembling a staff that includes former employees of Tesla, BMW and other automaking giants. The startup has offices in locations around the world, including Silicon Valley, Beijing and Duesseldorf.

"We plan to revolutionize the automobile industry by creating an integrated, intelligent mobility system that protects the earth and improves the living environment of mankind, so that everyone can breathe clean air and enjoy a seamlessly connected lifestyle," Jia said in the letter.

Faraday's factory will be built in the same state as Tesla's Gigafactory, which is located in Reno, Bloomberg noted.

The revelation of Las Vegas as the Faraday plant's home follows almost two weeks after news broke about the company preparing for the unveiling of a new concept car at CES 2016.

See Now: OnePlus 6: How Different Will It Be From OnePlus 5?

 PREVIOUS POST
NEXT POST 

EDITOR'S PICK    

Hyundai to Invest $16.1 Billion for EV Business; Sets Annual Sales Goal of 1.87M Electric Cars by 2030

World's Most Expensive and Most Heavily-optioned Porsche 928 GTS is Coming Home to the U.S.

Major Boost as Tesla Giga Berlin Facility in Final Phase of Approval Process; Delivery Event Set This Month

Audi Looking for e-tron Electric Vehicles to Spur Car Brand's Growth in India in 2022

Toyota Offers Free EV Charging to Owners of 2023 bZ4X After Partnership Agreement with EVgo

2022 Suzuki Baleno Finally Unveiled in India: What are the Specs and Features of this City Car?