Faraday Future Gears Up For Site Selection of $1B Electric Vehicle Manufacturing Facility

Faraday Future, an electric vehicle manufacturing company which is currently in stealth mode, is getting ready to announce their site selection decision over the next few weeks for a $1 billion U.S. manufacturing facility.

North Las Vegas City Hall

North Las Vegas City Hall hoping to land Faraday Future (photo -David Starner/wikimedia)

The company, which is currently based in Pasadena, CA, said that it has been considering several locations including California, Georgia, Louisiana and Nevada.

Nick Sampson, senior vice president of Faraday Future, said in a release that “We are very excited to make our $1 billion investment in U.S. manufacturing – and this is just phase one.”

Sampson noted that selecting the right location for the future FF manufacturing facility is critical to their overall goals, and producing their forward-looking and fully-connected electric vehicles not only requires the latest technology, but the right community partner.

The company intends to develop a range of 100 percent electric vehicles that offer intelligent, seamless connectivity to the outside world. Apart from vehicle production, they also plan to explore other aspects of the automotive and technology industries such as unique ownership and usage models, in-vehicle content and autonomous driving.

The company’s site selection process closely mirrors the way Tesla conducted the search for its Gigafactory site, including the headquarters location in California and four main contenders for the factory. Tesla chose the Tahoe Reno Industrial Center, and one of the sites FF is considering is in Southern Nevada, at the Apex Industrial Park in the City of North Las Vegas.

Faraday Future will no doubt expect Nevada economic development incentives for their project similar to what Tesla was awarded, should they choose to locate their facility in North Las Vegas. An economic impact analysis report of the project prepared for the City of North Las Vegas shows that the $1 billion plant could create up to 4,000 new jobs in the region.

Pasadena, CA-based Faraday Future already has a global team of 400 automotive and technology experts, and expects to increase this number to 500 by the end of the year. The company has not made public any details about its ownership or funding, but it has connections to LeTV.

Leshi Internet Information & Technology (LeTV) is a Chinese entertainment company founded by billionaire Jia Yueting. The company last year launched an electric car division called Leshi Super Electric Car Co to build what was billed as a “smart super electric vehicle.”

Leave a Reply

Your email address will not be published. Please enter your name, email and a comment.