Faraday Future claims $1B facility still in the works


Electric car manufacturer Faraday Future has announced plans to reboot factory construction at its North Las Vegas site by building a smaller factory first, then its originally planned $1 billion facility, according to the Las Vegas Sun. Faraday said it has received competitive bids on a smaller, 650,000-square-foot factory that will manufacture its FF 91 flagship vehicle exclusively in order to meet what the company said was higher-than-expected demand. Company officials told The Verge that this “Phase 2 of Stage 1” is in addition to the original 3-million-square-foot factory, which was underway when the company halted construction in November…Read More > >

Credit & Backlink