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. expand full story
Faraday Future is only 5 days away from unveiling its car concept at CES in Las Vegas. Electrek will be there and we can’t wait. Faraday seems to know that because they keep teasing us with these short videos. expand full story
According to a letter the company sent to Nevada officials Wednesday (via Auto News), Faraday Future says it plans to build its $1 billion electric vehicle factory in North Las Vegas. expand full story
When Tesla Motors negotiated with the state of Nevada to build its battery factory in the desert east of Reno, the state government agreed to give the automaker up to $1.3 billion in tax incentives over 20 years to build the $5 billion project.
But the deal came with several requirements the company needs to meet to get access to the tax breaks. Most of which have to do with employment – Tesla is expected to create up to 6,500 jobs through the Gigafactory once it operates at full capacity in 2020 – but a lesser known requirement was for Tesla to invest in educational research in the state and this week the company fulfilled the commitment by signing an agreement to invest $1 million in battery research with the University of Nevada in Las Vegas (UNLV) over the next 5 years. expand full story