The factory will only produce EV vehicles with connected and self-driving features. It's just the first phase of what will eventually be a $3 billion auto "Eco Experience Park" complete with a theme park, EV facilities, and offices, according to LeEco. The company plans to strengthen ties with partner Faraday Future, which is also building its own $1 billion EV plant in Nevada. Faraday recently announced plans to build a second plant in Vallejo, California, too.
All of this growth is exciting, but while LeEco and Faraday have both shown off futuristic prototype EVs, neither has actually built or sold any yet. Faraday did say that sales of its first electric car will launch next year, based on its prototype FFZero1 supercar platform, and LeEco plans to launch self-driving versions of its LeSEE. Meanwhile Tesla, which also built its $4-5 billion Gigafactory in Nevada, is selling two vehicles and recently showed off a third, the Model 3.
This article by Steve Dent originally ran on Engadget, the definitive guide to this connected life.