- Alex Wong/Getty Images
Faraday Future, the electric-car company that debuted a 1,000-horsepower electric concept car at the Consumer Electronics Show in Las Vegas earlier this year, is starting to make some earnest moves to get its manufacturing operation off the ground.
The company has been buying up land at the site of its proposed 900-acre factory in North Las Vegas.
According to the Las Vegas Review-Journal, Faraday snapped up several parcels – about 14 acres’ worth so far – at the Apex Industrial Park.
Public documents show that a limited-liability company named Robin Prop Holdco is the buyer. “In care of Faraday & Future” is noted along with the company’s address.
The address is the same as Faraday Future’s headquarters in Southern California, according to the Las Vegas Business Press.
Two of the parcels that were bought belonged to medical-marijuana companies, the Review-Journal noted, citing records from the Clark County Assessor’s office.
A real-estate company sold a third parcel to Faraday Future, bringing the total purchases on Faraday’s behalf to about $1.65 million.
“We are in the final stages of closing on the last parcels of land,” Faraday Future spokesperson Stacy Morris told the Review-Journal. “We are moving extremely quickly for a project of this size and expect to start the heavy construction as soon as possible,” she said.
- Faraday Future
The Faraday Future plant is expected to create about 4,500 jobs in an area of Nevada that was nearly insolvent just a couple years ago.
Morris told Business Insider last month that Faraday Future’s vehicle technology was undergoing cold-weather testing in the Midwest earlier this year.