Monday, August 7, 2017

Faraday Future Leases New Factory In San Joaquin Valley

Los Angeles-based electric vehicle designer Faraday Future said this morning that it has leased a new, manufacturing facility--located in the San Joaquin Valley--where it plans to start up production of its first production vehicle, the FF 91. According to Faraday Future, it has begun the process of cleaning up the site, which is based in Hanford, California, in preparation for moving in manufacturing equipment for the company. Faraday Future says it plans to eventually employ up to 1,300 workers over three shifts. The location has 1 million square feet, according to Faraday Future. Faraday Future said the new facility comes after a shift to a "turn-key facility" for its production efforts. Faraday Future recently abandoned a plan to build a massive, custom, $1 billion "megafactory" in Nevada.

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