Faraday Future planning to build electric car factory in Nevada
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New York
FARADAY Future, an electric car company backed by a Chinese entrepreneur, said on Thursday that it would invest US$1 billion to build a 364-hectare factory in a suburb of Las Vegas.
The company, which intends to compete with Tesla Motors but has not yet unveiled a product, said the plant in North Las Vegas would bring 4,500 jobs to the state of Nevada.
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