Faraday Future reveals 1bn Nevada megafactory to rival Tesla

Secretive electric car company Faraday Future hopes to have its first vehicles rolling off the assembly line in 2018. The announcement was made as officials marked the start of construction on a planned 1 billion Las Vegas-area production plant, not far from rival Tesla's Gigafactory. While it's clear the company plans to create an electric car, a prototype has yet to be unveiled and there are no specifics yet on what kinds of cars it might manufacture. The company, backed by Chinese entrepreneur Jia Yueting, currently has about 700 employees in the U.S. It unveiled a concept car in January, but hasn't put a vehicle on the market. Faraday Future puts the size of the Apex Industrial Park facility at 3 million square feet, or nearly the size of the sprawling Las Vegas Convention Center close to the Las Vegas Strip.