Faraday Future, an electric vehicle and future mobility startup company, plans to build a 3 million-square-foot automotive manufacturing facility in North Las Vegas that will employ 4,500 people.

The company says it will invest $1 billion into the first phase of the production facility, which will be located in Clark County’s APEX Industrial Park.

Faraday Future says it will invest $1 billion into the first phase of the production facility. Image credit: Faraday Future.Faraday Future says it will invest $1 billion into the first phase of the production facility. Image credit: Faraday Future.

In a statement, Faraday Future says the area's expansive development space, workforce, tax environment and proximity to its Gardena, Calif., headquarters were deciding factors in the location decision. The company had been scouting potential sites for the plant in California, Georgia and Louisiana in recent weeks. The company also says that the area has a large network of vehicle-charging stations.

Faraday, which is reportedly backed by Chinese billionaire Jia Yueting, says that, in addition to producing electric vehicles, it will explore other aspects of the automotive and technology industries, including ownership and usage models, in-vehicle content and autonomous driving. Some of the company's executive team was recruited from competitor Tesla Motors.

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