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. “We expect to be fully operational by late 2018.” ” The automaker and Nevada’s government agreed on the deal late last year. 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.
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. “We expect to be fully operational by late 2018.” ” 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.