LeEco committed to Nevada factory

Company says the $1b plant to be built in stages starting with a smaller facility

The Chinese-funded luxury electric car startup Faraday Future said on Friday that it remains committed to its $1 billion plant plan in Nevada, but will build the factory in phases and start with a much smaller facility.

Faraday, an affiliate of Beijing-based internet major LeEco, said in a statement to China Daily that it is adopting a multi-stage manufacturing strategy for its 27.87-hectare auto plant.