Faraday Future breaks ground Wednesday for its new $1 billion plant in North Las Vegas, Nevada. The 900-acre manufacturing facility is on track and will proceed with an aggressive construction timeline.
Faraday spokeswoman Stacy Morris said, “We’re moving as fast as we can. Normally, a project of this size would take approximately four years, and we’re trying to cut it down to half the time while still doing it right.”
The California-based company unveiled its first concept vehicle, named the FFZero 1, in January at the Consumer Electronics Show. Faraday says a newly patented power inverter developed by the company will manage its cars electric power “20 to 30 percent better” than competitors.
According to Jalopnik:
Faraday Future has struggled to get its feet planted firmly on the ground following its January introduction at CES. Issues in the Chinese Stock Exchange caused worries over the company’s Chinese financiers coming through, delaying work on its proposed billion dollar North Las Vegas Nevada factory; also, a former executive revealed production setbacks following the departure of the company’s lead engineer.
Faraday has promised a 2017 unveiling for the first of its road-going models.
