Act Surprised: Faraday Future drastically shrinks factory plans in North Las Vegas

The startup automaker still hopes its FF91 is out by the end of next year.

Unlike Tesla Motors, which is going full-speed ahead on its five million square foot Gigafactory near Reno, Nevada, electric-vehicle startup Faraday Future appears to be shrinking its manufacturing plans in the southern part of the state, according to Las Vegas's Channel 8 CBS affiliate. In fact, the plant looks like it's going to be about a quarter of its previously-planned size. Should we call it the Not-As-Big-A-Factory?

North Las Vegas City Manager Qiong Liu says the automaker will build its factory out to about 650,000 square feet, for now, and that the plant will be completed by August. Faraday Future had initially planned for the factory to be about three million square feet, though financial concerns have put those grand plans in question. Specifically, Chinese billionaire Jia Yueting said late last year that his LeEco technology company is running low on cash, implying that any capital dedicated towards Faraday Future may be in jeopardy.

Regardless, the company is hoping for its first vehicle, the FF91, to roll off that North Las Vegas assembly line by the end of next year, and the city is going through with its plans to run infrastructure such as water lines, sewers, and roads out to Apex Industrial Park, where the car factory is being constructed.

Last month, Faraday Future showed off the FF91 at CES in Las Vegas. The company says the car will have 1,050 horsepower as well as fast-charging capability, and will be able to go as far as 378 miles on a full charge. Faraday Future is taking "priority" reservations for the car at $5,000 each. There's been no word on how much the FF91 will cost, though it's likely to be well into the six-figure range.

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