Photo: Faraday Future
The city of Vallejo in California is undergoing talks with Faraday Future on a potential deal to open a manufacturing facility.
According to Vallejo city officials, they will organize a City Council meeting on the last day of this month to consider an exclusive negotiating agreement with electric car start-up Faraday Future. As Vallejo Times-Herald reports, the deal could place the factory on North Mare Island.
The North Mare Island used to be the location of a U.S. Naval base, so some facilities already exist in the area, as well as various logistical solutions to serve the space.
However, the investment would ensure hundreds of jobs in the area, according to city officials. More importantly, the deal would also mean that hundreds of millions of dollars will be invested there over the years, which would help the city prosper.
From the beginning, the Mayor of Vallejo stated that he and his coworkers are looking for an employer that’s willing and able to invest in green technology and provide good-paying jobs. Faraday Future, the electric car start-up funded by a Chinese billionaire, seems to fit the bill.
According to a statement published in the Vallejo Times Herald, Faraday Future chose the location after evaluating 187 sites in the United States of America. The city poses interest to the company thanks to its proximity to Silicon Valley, and because it has an employee base that can be easily trained to build cars.
California is also a state where electric vehicles are well-received, so it would make sense for Faraday Future to consider an investment there. At this point, some of you are already wondering what will happen to the Nevada factory, announced last month by Faraday Future.
Well, the start-up will build the Nevada facility as planned, and the Vallejo plant will be the second production platform for Faraday Future. For the moment, the deal between Faraday Future and Vallejo is still pending, as the city has scheduled a meeting to discuss the exclusive right to negotiate an agreement. Once that’s signed, the two partners will have six months to talk things through, after which they can request two 90-day extensions or sign the deal.
The North Mare Island used to be the location of a U.S. Naval base, so some facilities already exist in the area, as well as various logistical solutions to serve the space.
However, the investment would ensure hundreds of jobs in the area, according to city officials. More importantly, the deal would also mean that hundreds of millions of dollars will be invested there over the years, which would help the city prosper.
From the beginning, the Mayor of Vallejo stated that he and his coworkers are looking for an employer that’s willing and able to invest in green technology and provide good-paying jobs. Faraday Future, the electric car start-up funded by a Chinese billionaire, seems to fit the bill.
According to a statement published in the Vallejo Times Herald, Faraday Future chose the location after evaluating 187 sites in the United States of America. The city poses interest to the company thanks to its proximity to Silicon Valley, and because it has an employee base that can be easily trained to build cars.
California is also a state where electric vehicles are well-received, so it would make sense for Faraday Future to consider an investment there. At this point, some of you are already wondering what will happen to the Nevada factory, announced last month by Faraday Future.
Well, the start-up will build the Nevada facility as planned, and the Vallejo plant will be the second production platform for Faraday Future. For the moment, the deal between Faraday Future and Vallejo is still pending, as the city has scheduled a meeting to discuss the exclusive right to negotiate an agreement. Once that’s signed, the two partners will have six months to talk things through, after which they can request two 90-day extensions or sign the deal.
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