Faraday Future Will Finally Break Ground On Its Overdue Billion Dollar Factory

Faraday Future, a hopeful electric automaker that made a big and controversial splash at this year’s CES and has since had trouble securing financing for its Nevada manufacturing facility, will break ground on the factory three months after the end of January it initially promised.


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.

But now, three months after the target date, Faraday Future will break ground this Wednesday in Nevada on a 900 acre manufacturing facility.

According to Business Insider, the automaker secured its financing earlier this month and started buying up the land for its new company site. From their story:

As of April, Faraday Future says it finalized nearly all of its land acquisitions at the site, and will proceed with an aggressive construction timeline. “We’re moving as fast as we can,” Faraday spokesperson Stacy Morris told Business Insider. “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.”


“Being Fast” was one of the four hallmarks the company presented when it revealed itself to the world in January.

So far Faraday Future has presented a stage car in the form of the FFZERO1 concept along with demos and teasers of its supposed bread and butter: a modular platform, crossover-shaped vehicle that will likely be marketed as a ride-sharing car with a possibility for semi or full autonomy down the road.


Faraday also now has ties with Chinese automakers as well as Aston Martin, who plans to work with the company’s technology on a new Aston Martin RapidE electric sports sedan. Faraday also managed to snag its first patent, which was for a power inverter for its modular electric vehicle platform, and was a sponsor for the last Formula E race.


Hopefully this upward trend of Faraday accomplishing its plans continues and we get to see its real car soon. Until then, I’ll be curious if they actually keep the double “F” shape of the manufacturing facility previewed in the renderings.

Share This Story

About the author