Faraday Future’s proposal to establish factory in Vallejo will be discussed in the city council
Members of city council Vallejo met on May 31, 2016 to decide whether to approve the requisition of electrically powered car maker Tesla Motors’ rival Faraday Future to set up a manufacturing plant. The plant will be used for assembling vehicles as well as for customers’ correspondence. The California based EV maker Faraday Future, which is backed by China-investors and is establishing a plant in the state of Nevada, seems to be following closely the footsteps of potential competitor Tesla.
The headquarters of Tesla is located in Pal Alto, manufactures its vehicles in Fremont, and is establishing a battery manufacturing plant outside the city of Reno in Nevada. At the moment, the Chinese backed organization is big on promise, but it is quite early to say if the organization will succeed in implementing its aspiring plans. The start-up connected to the China based online video company LeTV, just emerged in late 2015. The organization could finally become more like Fisker Automotive- a heavily- financed electric vehicle startup that burned and crashed- than CEO Elon Musk’s organization.
In May 2016, Faraday inaugurated a 3 million square-foot plant in the state of Nevada. The startup states it will pay $1 billion establishing the Nevada plant and recruit 4500 workers in a decade. Nevada has provided the organization with tax incentives worth $215 million to establish the plant in North Las Vegas. The head office of Faraday is in Los Angeles(L.A.), and the organization states it has employed 700 people.
In Vallejo, Faraday intends to do electric car assembling as well as establish a “customer experience center,” presumably to show EV technology, similar to how the automaker teaches potential consumers about electrically powered car tech at its storefronts. The land in Vallejo that the startup is taking interest in is known as North Mare Island, which covers an area of 150 acres controlled mostly by the waterfront city. The city has continued to work for revitalizing the region for a number of years following the closure of a base by the Navy in 1996.
The land requires high investment to meet industrial purposes. The proposal of the city council of Vallejo states North Mare Island has “negative land value.” Faraday would acquire the area in its present condition, and Vallejo would give the site free of cost. An investment of $50 million will be required to get it prepared to establish the plant.
It is not clear precisely what Faraday intends to establish in its Nevada plant and do assembling in the B.A facility. The organization has been light on specifications of its planned EVs and just showed a vague concept vehicle to the doubtful media during the yearly technology conference Consumer Electronics show in Jan 2016.Faraday’s choice of the city further strengthens the spot of California as the electric car industry center.