Chinese-backed electric carmaker picks Nevada for $1B plant

Chinese-backed electric carmaker Faraday Future plans to build a $1 billion manufacturing plant in North Las Vegas, according to a letter the company sent Nevada officials Wednesday. The upstart, California-based automaker chose Nevada over three other states and after extensive negotiations with Nevada’s economic development team. Its tentative agreement to build the factory is contingent upon the state authorizing major tax incentives. “I’m excited about the opportunity and I