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Sandoval formally announces electric car plant

Michael Burton reports.
Posted

Gov. Brian Sandoval held a press conference on Thursday morning to officially announce a $1 billion electric car manufacturing plant in North Las Vegas. 

Faraday Future wants to bring a vehicle to the market as early as 2017. Faraday is backed by Yueting Jia, the Chinese founder and CEO of Leshi Internet & Technology.

The facility will take up nearly 3 million square feet at Apex Industrial Park. '
 
As part of the deal, Faraday must give at least 50% of the plant’s jobs to Nevadans. Faraday will also invest $6 million dollars into Nevada's K-12 education system.
 
This deal requires a special legislative session to approve tax incentives for the company. That session is expected to start December 16.
 
Sandoval says the plant will generate 4,500 direct jobs on-site and 9,000 indirect jobs in the community.

The governor also said that the plant will generate about $85 billion for the local economy over 20 years.
 

 

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