Faraday Future To Scale Back Plans For Nevada Factory — “Initial” 650,000 Square Foot Plant Now Planned
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In an unsurprising bit of news (considering the company’s reported financial situation), Faraday Future will apparently be scaling back its development plans in Nevada, according to reports.
Going by reports from Las Vegas’s Channel 8 CBS affiliate, the North Las Vegas city manager Qiong Liu has revealed that the company is now planning to build a 650,000 square foot “mini plant” rather than the massive 3 million square foot one that was previously planned.
This 650,000 plant will reportedly be finished by the end of August. Or that’s the plan anyway — we’ll have to wait to see what actually happens.
Here are some further details: “The city manager revealed, with confirmation from sources, AE com has filed and paid for expedited construction permits to build that 650,000-square foot portion of the factory first. That should be completed by the end of August so car production can start while the rest of the 3 million square-foot facility is built.”
I’m a bit skeptical that the company actually will follow through on its promises to develop the full 3 million square foot facility, considering its reported financial problems as well as the question of whether there is any actual reason to build such a large plant. After all, do Faraday Future execs really think that the company is going to be selling enough vehicles over just the next few years to justify such a large factory?
A reminder: the company is aiming to release its first production model, the FF91, by the end of 2018.
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