Skip to main content

Faraday Future is breaking ground on its $1 billion EV factory in North Las Vegas

Faraday Future says it started clearing up the site of its future $1 billion electric vehicle factory in North Las Vegas during the weekend. The startup needs to move quickly if it wants to deliver on its plans to bring to market its first vehicle in 2017.

Last month, we learn that Nevada Gov. Brian Sandoval approved a $335 million incentive package in a deal to secure that Faraday Future will build its factory in the state, more specifically in North Las Vegas.

Under the incentive package, the state will offer “$215 million in tax credits and abatements, and publicly finance $120 million in infrastructure improvements at an underdeveloped industrial park in North Las Vegas”.

Now FF published two pictures of a few CATs moving some dirt to prepare the site for the manufacturing plant:

Earlier this month, Faraday unveiled its first concept, the FFZERO1, in order to showcase some of its technology and design, but in the process, it also might have revealed the shape its first car meant for production.

FTC: We use income earning auto affiliate links. More.

Stay up to date with the latest content by subscribing to Electrek on Google News. You’re reading Electrek— experts who break news about Tesla, electric vehicles, and green energy, day after day. Be sure to check out our homepage for all the latest news, and follow Electrek on Twitter, Facebook, and LinkedIn to stay in the loop. Don’t know where to start? Check out our YouTube channel for the latest reviews.

Comments

Author

Avatar for Fred Lambert Fred Lambert

Fred is the Editor in Chief and Main Writer at Electrek.

You can send tips on Twitter (DMs open) or via email: fred@9to5mac.com

Through Zalkon.com, you can check out Fred’s portfolio and get monthly green stock investment ideas.