Faraday Future Chooses Las Vegas For $1 Billion Electric Car Plan

Dec 10, 2015 10:59 AM EST | John Nassivera


Faraday has chosen a suburb in Las Vegas as the home for its $1 billion electric car plant, taking one step further in challenging Tesla in the EV game.

Jia Yueting, the Chinese billionaire that is supporting the electric-vehicle startup, sent a letter to the Nevada legislature describing his plan for the company's first U.S. factory, which will go towards building its electric cars, .

"We hope to bring our $1 billion investment to North Las Vegas and open our first manufacturing facility there, creating 4,500 jobs," Jia said in the letter.

Nevada Governor Brian Sandoval will discuss the investment in a press conference Thursday morning in Las Vegas, which will be followed by a special session of the Nevada legislature in which it will approve tax incentives for Faraday, .

Nevada was one of several options that Faraday has been considering while picking the home for its plant, with others including Georgia, Louisiana and California.

While details about Faraday remain vague, such as the identity of its CEO and its battery supplier, the company is assembling a staff that includes former employees of Tesla, BMW and other automaking giants. The startup has offices in locations around the world, including Silicon Valley, Beijing and Duesseldorf.

"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, so that everyone can breathe clean air and enjoy a seamlessly connected lifestyle," Jia said in the letter.

Faraday's factory will be built in the same state as Tesla's Gigafactory, which is located in Reno, Bloomberg noted.

The revelation of Las Vegas as the Faraday plant's home follows almost two weeks after news broke about the company preparing for the unveiling of a new concept car at CES 2016.

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