Electric car startup Faraday Future plans US plant

Gardena, California – A startup electric car company, Faraday Future (FF), plans to invest $1 billion to build a U.S. manufacturing facility. The company has been considering several locations including California, Georgia, Louisiana, and Nevada, for its state-of-the-art facility. The exact site of FF's ?rst manufacturing facility will be announced in the coming weeks.

"We are very excited to make our $1 billion investment in U.S. manufacturing, and this is just phase one. Selecting the right location for the future FF manufacturing facility is critical to our overall goals. Producing our forward-looking and fully-connected electric vehicles not only requires the latest technology, but the right community partner," says Nick Sampson, senior vice president of Faraday Future.

FF expects to bring its ?rst vehicle to market in 2017. In addition to producing vehicles, the company plans to explore other aspects of the automotive and technology industries, including unique ownership and usage models, in-vehicle content, and autonomous driving.

"With energy constraints, urban crowding, and the increasingly intrinsic relationship we have with technology, today's cars simply do not meet today's needs," says Sampson. "Our range of 100% electric and intelligent vehicles will offer seamless connectivity to the outside world."

Faraday Future is a California mobility company with a global team of more than 400 automotive and technology experts. Sampson and three other top Faraday executives came to the company from Tesla Motors, another all-electric car company named for a pioneer in electricity.

Michael Faraday (1791-1867) discovered key insights into current travel and electromagnetism. Nikola Tesla (1856-1943) helped develop alternating-current (AC) electrical systems.

Source: Faraday Future