Faraday Future Stops Work On Billion-Dollar Megafactory

The construction company employed by Faraday Future to build its billion-dollar megafactory in Nevada has confirmed that work on the complex has stopped.

The company, AECOM, released a statement (below) to Jalopnik saying that construction of the factory has been halted and is scheduled to resume early next year.

“Faraday Future commenced work on its $1-billion state-of-the-art manufacturing facility in North Las Vegas earlier this year. To date, we have completed grading and foundation prep work.

“At this time, Faraday Future is temporarily adjusting their construction schedule with plans to resume in early 2017. We remain fully committed to our client and our employees working on this project, and we look forward to the facility’s successful delivery.”

Faraday Future itself has also confirmed that construction work has stopped.

Although no official reason has been given for the decision, just last week, the Chinese billionaire funding FF admitted that his company had run into money issues due to an over-extension of its global strategy.

In the meantime, the electric automaker startup is preparing to launch its first production model at CES 2017 in January.

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