Faraday Future, the electric-vehicle startup backed by Chinese billionaire Jia Yueting, plans to build a 1-billion-dollar manufacturing plant in North Las Vegas, according to a letter the company sent Nevada officials on Wednesday.
The California-based company announced one month ago it will invest 1 billion dollars in a plant in the US set to produce long-range electric cars by 2017. According to a letter the newly automaker sent officials Wednesday, it chose Nevada over three other states and after extensive negotiations with Nevada’s economic development team. “I’m excited about the opportunity and I hope it works out,” said Republican Assembly Majority Leader Paul Anderson, who will need to rally legislative support for the deal. “I look forward to working with people across the board to see if we can get these jobs created.” The letter, obtained by The Associated Press, is signed by Jia Yueting, a Chinese billionaire investor who styles himself after Apple’s late Steve Jobs and signed the letter in his capacity as founder and CEO of the holding company LeTV.
Faraday has offered few details on its product so far, but has spoken in broad terms about its vision to transform transportation and said it has a diverse funding strategy to bring it to life. “We plan to revolutionize the automobile industry by creating an integrated, intelligent mobility system that protects the earth and improves the living environment of mankind,” Jia Yueting wrote. “We hope to bring our $1 billion investment to North Las Vegas and our open our first manufacturing facility there, creating 4,500 jobs,” Jia said in a letter to Nevada’s legislature.
The newest American automaker only announced its first ever concept would be presented in front of the worldwide audience during the 2016 Consumer Electronics Show, with the company already revealing the first three teaser images. There were no technical specifications revealed, though the rumors are pointing out a battery pack capacity about 15 percent bigger than the one used by the flagship version of the Tesla Model S, which has 85kW-hr.
Via Business Insider