Faraday Future has a promising view of high tech, state-of-the-art future electric cars as it breaks ground on its first production plant in North Las Vegas, Nevada.
The groundbreaking ceremony of the electric car startup's $1 billion manufacturing facility was attended by Nevada Governor Brian Sandoval, North Las Vegas Mayor John Lee and other host officials on April 13, during which the company proposed its plans.
"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," said Dag Reckhorn, Vice President of Global Manufacturing at Faraday Future.
The state of Nevada has already pledged to almost $335 million of incentives for the construction of the 3 million-square-foot factory, for which Faraday Future will hire 4,500 in the next 10 years. State lawmakers have vowed $215 million worth of tax concession and $120 million worth of improvements on the infrastructure.
Last March, Faraday Future also already agreed to a $75 million bond on building the 900-acre post at the Apex Industrial Park, which is 25 miles north of downtown Las Vegas, aiming to develop its rails, roads and water lines.
The startup suggested that it could operate under subscription models where clients could use self-driving electronic vehicles. Ninety percent of development suppliers have already lined up on the company in assembling its first cars, though it has not yet chosen its battery supplier.
"We are just kicking off the process; we are excited to be part of the team," said co-chairman Mervin Dunn of Futuris Goup, supplier of automotive interior and seat maker.
Though the company's plans are still unclear, it has already hired 700 employees for its headquarters in Southern California, which includes BMW designer Richard Kim and Tesla engineer Nick Sampson.
Along with Faraday Future is Tesla Motors, which is also building its walls outside of Reno in Nevada. Both companies are said to have a total of $1.6 billion of incentives for the state.
Faraday Future unveiled its concept car FFZero1 at the CES 2016, and it looks like it's one step closer to becoming a reality as the company aims to start its production line by 2018.
Photo: Maurizio Pesce | Flickr