The mysterious electric vehicle startup Faraday Future is heading over to Nevada — the same state where Tesla is building its gigafactory — to build its own factory worth $1 billion.
Nevada Gov. Brian Sandoval and Faraday Future's Vice President of Manufacturing Dag Reckhorn made the announcement during a press conference in Las Vegas on Thursday, Dec. 10.
The deal, however, is still subject to legislative approval.
"I'm happy to share with you that we have selected Nevada to be the home of the first global manufacturing site for Faraday Future," said Reckhorn.
Reckhorn went on to say that once the plan is permitted, the company is going to put in $1 billion dollars in a 3 million square foot facility on more or less 900 acres.
The official, who once served as the director of manufacturing for the Tesla Motor S from December 2009 through June 2013, added that this humongous project is going to generate 4,500 direct jobs.
These thousands of employees will have an average wage of $22 per hour.
In the meantime, Steve Hill, the economic development director of Nevada, is convinced that the project will solidify the state as a spot "where the future of transport is happening."
Furthermore, Hill believes that the project will make people all over the country and across the globe talk about Nevada.
"This is an exceptional opportunity," he said.
Hill added that the projected overall economic impact of the North Las Vegas plant is $85 billion over 20 years. It will likewise produce $760 million in tax revenue.
The startup, which is backed by Chinese billionaire Jia Yueting intends to build its factory in North Las Vegas. The location is roughly around 500 miles from Tesla's battery gigafactory seated in Sparks, Nevada.
On Jan. 4, 2016, Faraday Future is going to unwrap a concept at the CES 2016 which is inspired by its design and engineering vision.
"The future of mobility is closer than you think," writes Faraday Future on its website.
This company which is looking forward to have 500 workers by the end of 2015 has already employed 60 ex-Tesla employees, based on their LinkedIn profiles.
