California-based electric-car startup Faraday Future is planning to invest $1bn towards a manufacturing facility in the US to make its first range of electric cars.
Faraday Future has not announced the exact location of the proposed plant, but said that it is considering several locations including California, Georgia, Louisiana and Nevada.
Faraday Future senior vice president Nick Sampson said: "Selecting the right location for the future FF manufacturing facility is critical to our overall goals.
"Producing our forward-looking and fully-connected electric vehicles not only requires the latest technology, but the right community partner."
Sampson was a part of a former Tesla executives team, and just like Tesla, Faraday Future is named after an inventor from the 19th century.
Faraday Future is an 18-month old company and it consists of more than 400 employees.
The company aims to develop a range of 100% electric vehicles that will provide intelligent, seamless connectivity to the outside world.
Apart from designing EVs, the company is also planning to venture into different aspects of the automotive and technology industries, including unique ownership and usage models, in-vehicle content and autonomous driving.
Sampson added: "With energy constraints, urban crowding, and the increasingly intrinsic relationship we have with technology, today's cars simply do not meet today's needs.
"Our range of 100% electric and intelligent vehicles will offer seamless connectivity to the outside world."
Image: Faraday Future to build $1bn EV facility. Photo: courtesy of Faraday Future.
