Tesla Rival Faraday Future Plans Factory, Concept Car

“The Governor’s Office of Economic Development and the City of North Las Vegas presented a united front with a business friendly attitude and structured deal terms to level the playing field with the competing locations”, Frei said.

Faraday also adds in the press release that an economic impact study conducted by the State said that the three million square foot automobile manufacturing facility would provide significant economic impact for the region.

The governor did not set a date, however made it clear he plans to convene Nevada lawmakers earlier than Christmas for a brief particular session for the Legislature to authorize the settlement.

The barren Nevada desert, replete with looming hills and stretches of arid sand, will be home to two of the world’s largest electric vehicle production facilities in the very near future.

A sign advertises Mountain View Industrial Park near Apex Industrial Park on Wednesday, Dec. 9, 2015, in North Las Vegas, Nev.

The automaker is planning to unveil a concept at the CES electronics show in Las Vegas. John Gartner, a director at market intelligence firm Navigant Research, * a href=”*” target=”_blank” *told the AP, “Developing an electric vehicle platform from scratch takes many years and doing it in 18 to 24 months would be a precedent-setting event, if it could be done”.

Dag Reckhorn, Faraday Future’s vice president of global manufacturing, said the incentives from Nevada were an “important piece” of the decision but not the only factor.

So far, Nevada is reportedly prepared to offer Faraday $215 million in tax incentives and credits over 15 years, including a total write-down of sales taxes.

State officials project the plant will employ 4,500 people when it reaches maturity in 2023, with jobs paying an average of $22 per hour.

Half of the plant’s workers must be Nevadans, according to the agreement.

A training program is planned to prepare up to 4,000 auto assembly workers for jobs at the plant.

In collaboration with Faraday Future, Cushman & Wakefield’s consulting team evaluated over 100 properties, both brownfield and greenfield, in 10 US states and portions of Mexico.

Faraday Future factory rendering in Nevada

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