When Did Vegas Become the New Detroit?

May 24, 2016

Faraday Future is moving men and machines to its planned site at Apex Industrial Park in North Las Vegas to start building a $1 billion, 3-million square foot manufacturing plant. The company acquired the land in January and intends to use the space for body assembly, paint operations, powertrain and battery pack assembly.

This makes the third high-profile electric automotive manufacturer to take set up shop in the Las Vegas area, joining Tesla and Nicola Motor Company.

Faraday's website features the FFZERO1, the concept car that will serve as a Variable Platform Architecture (VPA) that will allow the company to support several different vehicles.

Faraday says it will be working with design firm AECOM for construction of the new facility.

So far, the company is working out of the North Las Vegas City Hall building but eventually hopes to bring 4,500 jobs to Nevada.

Nevada state lawmakers approved a deal in December that gives Faraday up to $225 million in tax incentives but the agreement stipulates Faraday must meet certain investment and production benchmarks before money is released. Other parts of the deal include $120 million for road, rail and water infrastructure to help Faraday and encourage other companies to build in the Apex Industrial Park.

Last week, Nevada's Governor's Office of Economic Development voted to authorize $500,000 for the College of Southern Nevada to train workers on robotic, hydraulic and pneumatic machinery operations.

Source: AP; Faraday Future