NORTH LAS VEGAS, Nev. (AP) — Upstart electric car company Faraday Future marked the start of construction on a planned $1 billion Las Vegas-area production plant with a company official saying the first vehicles could roll off the line in 2018.
Dag Reckhorn, Faraday Future manufacturing vice president, said Wednesday that two years would be about half the time to start a similar project of the same size.
Nevada has pledged up to up to $335 million worth of incentives, and Nevada Gov. Brian Sandoval joined company and local officials at a ceremony at the North Las Vegas site.
Gardena, California-based Faraday expects to employ some 4,500 people at the 1.6 million square-foot factory at the Apex Industrial Park off Interstate 15.
The state has promised $215 million in tax breaks and $120 million infrastructure improvements.