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November 10, 2015

Faraday Future looking for site to build $1B luxury e-car plant

  • California, Georgia, Louisiana and Nevada are finalists for the factory, with a decision due within weeks.
  • By JUSTIN PRITCHARD
    Associated Press

    LOS ANGELES — The luxury electric car market may be small, but it's lucrative enough to get another jolt — this time from a mysterious startup that says it wants to re-imagine how people interact with their autos.

    The startup's name is Faraday Future, and it has been hunting for a place to build what it says will be a $1 billion manufacturing plant for a new line of cars. Four states are contenders and the company says to expect an announcement within weeks.


     
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