Nevada plans to offer $335 million in state tax incentives and infrastructure upgrades to an upstart Chinese investor-backed electric carmaker.
Advertisement
Faraday Future is looking to take on Tesla in the electric vehicle market and is actually made up of many former Tesla employees.
Dag Reckhorn, global manufacturing vice president at FF, said incentives’ offered by Nevada played a key role in the company’s decision but it was not the only factor.
Faraday Future is run by a team of engineers and executives who have worked for luxury vehicle companies – including several from electric carmaker Tesla Motors – and had been exploring sites in Nevada, California, Georgia and Louisiana.
“The area offers expansive development space, an enthusiastic workforce, an encouraging tax environment, close proximity to our California headquarters, and nearby access to the thriving tourism capital of Las Vegas, which allows us to offer plant tours and other engaging experiences. It’s good for our supply chain – getting parts in and out of the plant”.
Faraday Future said in a statement: “After a great deal of research, travel, and careful consideration, we have decided that the best home for our first manufacturing facility would be within the stunning mountainscape of North Las Vegas”. The project is also estimated to create 9,000 indirect jobs and 3,000 construction jobs.
The governor also said that the plant will generate about $85 billion for the local economy over 20 years.
Advertisement
Faraday Future plans to employ 4,500 people at the plant when it reaches maturity in 2023.
