Faraday Future is moving full speed ahead in becoming a competitor in the automotive industry.
It hasn’t even been six months since Faraday Future first teased its concept vehicle, which debuted in January at the 2016 Consumer Electronics Show. At the time, the mysterious automaker made bold claims, showing off an electric car concept packing 1,000 horsepower and looking much like a futuristic supercar.
Now, the company has broken ground for what it is calling a “world-class, highly connected and environmentally friendly manufacturing facility at Apex Industrial Park.” The facility will cost $1 billion and will be a three-million square foot, 900-acre development that will create approximately 4,500 direct jobs over a 10-year period.
SEE ALSO: Mysterious EV Maker Faraday Future Quietly Teases New Crossover
Although the concept Faraday Future showed off earlier this year is a bit unrealistic, it has subtly teased a production all-electric crossover. The company was the title sponsor at the recent Long Beach Grand Prix and claims that the design for its first vehicle is already done and has been undergoing testing in the U.S. It’s still unclear when Faraday Future plans on unveiling its first production model and when it will come to market.
“We are moving extremely quickly for a project of this size,” said Dag Reckhorn, VP of Global Manufacturing at Faraday Future. “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.”
Discuss this story on our Alternative Fuel Forum
The post Faraday Future Breaks Ground on $1B Facility in Las Vegas appeared first on AutoGuide.com News.