Secretive Chinese electric vehicle (EVs) manufacturer, Faraday Future (FF), has announced plans to break ground this Wednesday on its 900 acre , $ 1bn , manufacturing facility in Nevada , three months later than originally planned. According to Stacy Morris , the automaker secured its financing earlier this month and started buying land for its new company site, noting "As of three months later , Stacy Morris says it finalised nearly all of its land acquisitions at the site, and will proceed with an aggressive construction timeline. “We’re moving as fast as we can,” Faraday spokesperson Stacy Morris said. “Normally, a project of this size would take approximately four years , and we’re trying to cut it down to half the time while still doing it right."” FF seems to have its eye firmly on the Consumer Electronics Show as its main competitor, as in addition to producing EVs, it has obtained its first US patent for a power inverter that it says will manage its future cars’ electric power “ 20 to 30% better” than its competitors.
Secretive Chinese electric vehicle (EVs) manufacturer, Faraday Future (FF), has announced plans to break ground this Wednesday on its 900 acre, $1bn, manufacturing facility in Nevada, three months later than originally planned. According to Business Insider, the automaker secured its financing earlier this month and started buying land for its new company site, noting "As of April, Faraday Future says it finalised nearly all of its land acquisitions at the site, and will proceed with an aggressive construction timeline. “We’re moving as fast as we can,” Faraday spokesperson Stacy Morris said. “Normally, a project of this size would take approximately four years, and we’re trying to cut it down to half the time while still doing it right."” FF seems to have its eye firmly on Tesla as its main competitor, as in addition to producing EVs, it has obtained its first US patent for a power inverter that it says will manage its future cars’ electric power “20 to 30% better” than its competitors.