Could California finally drive off with a new billion-dollar factory for electric cars?
A secretive electric car developer recently announced that it’s scouting several locations for a new factory, fueling speculation about a state tax-credit race similar to last year’s push for Tesla’s gigafactory.
The company, Faraday Future, is based in Gardena, Calif., and now has over 300 employees, including some former executives from Tesla Motors, said spokesman Marcus Nelson. The company hopes to announce a location for a manufacturing plant sometime in the third quarter of 2015, and would bring cars to market in late 2017, Nelson said.
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