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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

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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.