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Posted Dec 11, 2015

$1B Electric Vehicle Plant Picks Tesla Backyard Nevada

From the Vroom dept.:
A Chinese-backed electric car company with visions of revolutionizing transportation – but no product to show yet – announced plans Wednesday to build a $1 billion plant near Las Vegas, marking the second time in just over a year that Nevada has landed a coveted project from the budding industry.

California-based automaker Faraday Future's choice of Nevada over three other states is contingent on state lawmakers' approval of tax incentives that haven't been publicly described. The company's announcement, in a letter to Nevada legislators that was obtained by The Associated Press, also came with the revelation that it's backed by a Chinese billionaire investor who styles himself after Apple's late Steve Jobs.

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