Faraday Future plans electric car release dates

By Nell Walker
Share
American electric vehicle company, Faraday Future, plans to have its first cars available in 2018. The company unveiled a concept car in January, and no...

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.

 

Follow @ManufacturingGL and @NellWalkerMG

Share

Featured Articles

Manufacturing & Mobility LIVE: A Virtual Event to Celebrate

With panels on sustainability, AI, mobility and more, we reflect on some of the highlights of yesterday's event

Manufacturing & Mobility LIVE: Meet Our Speakers

Manufacturing & Mobility LIVE will be taking place tomorrow - discover our full range of speakers below and don’t forget to get your free ticket!

Manufacturing & Mobility LIVE - One Day to Go

Join us tomorrow at Manufacturing & Mobility LIVE and explore the transformational forces shaping both manufacturing and mobility

Only Two Days Until Manufacturing & Mobility LIVE!

Production & Operations

Business Optimism Up 13% Amid Budget Announcements

Production & Operations

Manufacturing & Mobility LIVE - One Week To Go!

Smart Manufacturing