Faraday Future lists its Las Vegas property for $40 million

Electric vehicle maker Faraday Future (FF) is looking to sell its 900-acre property in the Apex Industrial Park located in north Las Vegas, according to an announcement (in Chinese) posted on the company’s official WeChat account.

The listing is a result of FF’s ongoing operations optimization and business strategy to better integrate its China and US businesses and resources, the company said. It is asking $40 million for the partially improved property including 700 fully graded acres, according to the listing by US real estate company Cushman & Wakefield.

FF intended to build a manufacturing plant at the Apex site and begin manufacturing vehicles as early as 2017. The company broke ground on the facility in April 2016, but construction stopped in November. In July 2017, the EV carmaker announced that it was going to scrap its original plan and move the location of its manufacturing facility for its flagship FF 91 model to Hanford, California.

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