mystery electric car startup unveils 1bn us factory
Wednesday 12 March 2025
Last Updated : GMT 06:49:16
Arab Today, arab today

Mystery electric car startup unveils $1bn US factory

Arab Today, arab today

Arab Today, arab today Mystery electric car startup unveils $1bn US factory

Faraday Future plans to unveil its prototype of an electric car at the Consumer Electronics Show
San Francisco - AFP

A little-known California startup with ambitions to challenge Tesla in the electric car market unveiled plans Thursday for a $1 billion manufacturing plant.

Faraday Future said on its website the investment in the facility near Las Vegas, Nevada, is a "first phase" for the new company, which is yet to get a vehicle on the road.

The facility is "something more than an ordinary 'assembly line,'" according to the statement, and will include three million square feet (280,000 square meters) "for passionate creators and diligent visionaries, where new concepts will be refined and implemented."

It will create 4,500 jobs in the region.

Based in southern California, Faraday Future has revealed little so far about its plans, or even its financial backers or resources.

Its team of about 400 includes former engineers and executives from Tesla and BMW, according to its website, which says the company "will launch with fully electric vehicles that will offer smart and seamless connectivity to the outside world."

Faraday Future plans to unveil its prototype at the Consumer Electronics Show in January in Las Vegas.

According to the research firm CB Insights, one of the investors in Faraday Future is Chinese entrepreneur Jia Yueting.

The company is named after Michael Faraday, who discovered the principles of electromagnetic induction.

In its mission statement, the company says that "today's cars do not meet today's needs."

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

mystery electric car startup unveils 1bn us factory mystery electric car startup unveils 1bn us factory

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

mystery electric car startup unveils 1bn us factory mystery electric car startup unveils 1bn us factory

 



GMT 18:52 2016 Monday ,24 October

UN: more than 4000 have fled Iraq’s Mosul

GMT 12:22 2017 Saturday ,11 February

Money worth 3.19 mln USD heisted near Albanian airport

GMT 18:27 2017 Sunday ,24 September

Tens of thousands flee rumbling Bali volcano

GMT 01:07 2017 Wednesday ,06 December

Developing Lake Toba as halal tourism destination

GMT 04:16 2017 Tuesday ,08 August

UN Secretary-General Arrives in Pakistan

GMT 09:53 2016 Thursday ,29 December

Thick fog disrupts flights, cause traffic accidents

GMT 09:46 2017 Tuesday ,11 July

Najla denies difference between Ruby& director

GMT 18:01 2017 Thursday ,05 October

Nigeria on the brink of World Cup
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday