Faraday Future

Faraday Future Shows Off Speedy Model, But Concerns Loom

Jan 5, 2017
Faraday Future

Upstart vehicle company Faraday Future showed its prototype electric car at the CES gadget show in Las Vegas Tuesday and promised again to have cars rolling off a new $1 billion assembly line in southern Nevada in 2018.

The  demonstration had the company's four-door, FF 91 model clocking 0-to-60 miles per hour in just under 2.4 seconds against Bentley, Ferrari and Tesla vehicles.

During the presentation, company executive Nick Sampson didn't say when construction would resume at the factory where work was suspended in November.

Beatrice Murch, Flickr, CC by SA-2.0

Nevada’s prehistoric lakebeds are more than just picturesque, they’re the site of a lithium rush taking place on public lands. This quest for alkali riches has been fueled by a surge in worldwide demand for batteries.

For more than a century, prospectors have searched for lucrative minerals across the American West under the Mining Act of 1872.

That law allows them to stake a claim on a piece of ground and whatever minerals may be hidden beneath. Lately, in Nevada at least, the area drawing the most interest are its salty, ancient lakebeds.

Reno's New Debate Society Tackles Meaty Issues

May 25, 2016
Julia Ritchey

Are tax incentives that lure companies to Nevada good for Nevadans? That was the question posed at the inaugural event of the newly formed Debate Society of Reno — a citizen-led group encouraging a return to civic debate on important state and regional issues. 

Arguing for tax abatements was Republican Assembleyman Pat Hickey and Steve Hill from the Governor's Office of Economic Development, who helped craft deals that have brought companies like Tesla and Faraday Future to the state.

Nevada Treasurer Talks Faraday Finances In China

Feb 5, 2016
Maurizio Pesce/Flickr.cc / CC by 2.0

Nevada Treasurer Dan Schwartz is in China to discuss finances with the owners of Faraday Future. Reno Public Radio’s Marcus Lavergne has more.

On a personal trip to China, Treasurer Schwartz will meet with Faraday Future’s parent company, Leshi.

Late last year state officials approved the construction of Faraday Future’s car factory in North Las Vegas with the promise of a $1 billion investment from Leshi’s owner, Jia Yueting. Schwartz was prepared to sign off on $175 million in bonds to finance the factory.

Julia Ritchey

Christmas came early for electric carmaker Faraday Future after Nevada lawmakers approved a $335-million incentive package over the weekend.  The deal is meant to breathe life into a recession-battered part of Southern Nevada.

The package clears the way for Faraday Future to begin work on a $1 billion manufacturing plant in North Las Vegas, an area Mayor John Lee says has been starved for development.

Lawmakers Hash Out A Workforce Pipeline For Faraday

Dec 18, 2015
Julia Ritchey

Lawmakers are inching closer toward a tax package today aimed at luring electric carmaker Faraday Future to North Las Vegas.  One key component to the package is a revamped workforce development program.

Reno Public Radio’s Julia Ritchey is in Carson City with the latest.

While top lawmakers have been working all Friday to resolve some sticky water rights issues, the assembly has had the even less sexy task of tackling workforce development.

Alexa Ard

No deal has emerged yet as lawmakers enter their third day negotiating a deal to bring electric carmaker Faraday Future to Clark County. 

While state officials say the plant would kick-start development in a hard-hit area, lawmakers have several issues they want ironed out.

Our reporter Julia Ritchey has been camped out in Carson City and has the latest.

 

Many lawmakers predict the tax incentive package will eventually pass, though they're less certain of when.

Fawning Over Faraday

Dec 17, 2015
Faraday Future

State officials spent Thursday trying to sell lawmakers on a bill that would lure electric carmaker Faraday Future to southern Nevada with more than $200 million in tax incentives. Reno Public Radio’s Julia Ritchey is in Carson City and has more.

Lawmakers spent last night studying two bills aimed at sealing the deal with Faraday, which is planning a $1 billion plant to recession-battered North Las Vegas.

Faraday Talks Get Underway In Special Session

Dec 16, 2015
Alexa Ard

Nevada lawmakers will soon decide whether to grant extensive tax breaks for electric car company Faraday Future, which is planning a $1 billion factory near Las Vegas. Their special session kicked off Wednesday night and comes just a year after rival carmaker Tesla was lured to the state with its own lucrative incentives. 

Reno Public Radio's Julia Ritchey is in Carson City and tells us that many legislators have serious questions about the deal.

Faraday Future Is Coming, Special Session Needed

Dec 10, 2015
Faraday Future

Governor Brian Sandoval has announced a tentative agreement to bring Chinese-backed electric carmaker Faraday Future's $1 billion plant to North Las Vegas.

Economic development officials and Faraday executives appeared with Governor Sandoval at a press conference Thursday in Las Vegas to share the news.

Nevada lawmakers still need to meet in special session to approve the deal, which involves $335 million in tax incentives and infrastructure improvements around the Apex Industrial Park.

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