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 , and " As of April , " Future says it completed nearly all of its land acquisitions at the site , and will proceed with an aggressive construction timeline . 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 magnitude 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 percent 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 , and " As of April , " Future says it completed 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 magnitude 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 percent better ” than its competitors .