Faraday Future plans electric car release dates
American electric vehicle company, Faraday Future, plans to have its first cars available in 2018. The company unveiled a concept car in January, and now officials have announced the construction of a $1 billion production plant in Las Vegas.
Dag Reckhorn, Faraday Future's Global Manufacturing VP, told The Big Story: "Our aim is to complete a program that would normally take four years and do it in half the time, while still doing it right. We are moving extremely quickly for a project of this size. We have received tremendous support from local government officials and the community, and look forward to making a significant, positive impact on the local economy."
The state of Nevada has pledged up to $335 million worth of incentives towards this project, and the extra work will lead Faraday Future to employ around 4,500 extra staff.
The company has pledged to post a $775 million bond towards development of roads, rail, and water lines to serve its new 900-acre site. The facility itself will be around three million square feet, and Faraday Future boasts that this will be an automated, highly-connected, and environmentally friendly plant.
