Faraday Future halts plans for car production at Las Vegas industrial site

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By Sean Whaley | Las Vegas Review Journal

CARSON CITY — Faraday Future on Monday said it is walking away from its planned $1 billion electric car manufacturing factory at Apex in North Las Vegas and will instead seek an existing building to pursue its futuristic electric vehicles.

Starting production at an existing building is viewed as a way to satisfy potential investors that the company is economically viable. The company is looking for an building of at least 1 million square feet, located in Nevada or California, to start production more quickly and more cheaply than building a factory from scratch.

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