Faraday Future Says Plan Is To Resume Work On Nevada Plant
LAS VEGAS (AP) — Upstart electric vehicle company Faraday Future says it plans to resume construction soon on a $1 billion southern Nevada manufacturing plant where it says it'll begin producing cars in 2018.
A company spokeswoman pointed Tuesday to a statement saying that five bid proposals had been received as of last Thursday.
The statement said Gardena, California-based Faraday Future is committed to the project and has spent $120 million developing the site at the Apex Industrial Park in North Las Vegas
Construction was suspended in November, and some contractors sued over allegations they hadn't been paid.
Gov. Brian Sandoval and Nevada lawmakers approved $215 million in tax breaks and $120 million in infrastructure improvements for the project.
State bond funding isn't expected to occur until next at least September.