Faraday Future spent $14M in North Las Vegas in first quarter, report notes

Updated May 25, 2017 - 9:31 pm

Faraday Future spent $14 million in North Las Vegas capital investments during the first quarter of this year, according to an activity report the company submitted to the Governor’s Office of Economic Development.

A spokesman for Faraday Future said a “large portion” of that investment went to AECOM, the general contractor on the project to whom Faraday owes money, as well as other equipment suppliers.

“Similarly, payments were also made to consultation, program management and taxes, among other expenses,” the spokesman said.

Last October, AECOM warned Faraday over an unpaid $21 million deposit that had been due in September.

Both an AECOM spokesman and a Faraday spokesman said at the time that the two companies would continue to work together and that Faraday was still counting on AECOM to construct the 3 million-square-foot plant.

The capital investment brings their total investment to date to approximately $174 million, according to the report, which was posted online Thursday.

The report also suggests there was construction activity on the site in the first quarter, with 25 construction workers on site “at the peak of onsite activities.”

To date, the report says, there have been 327 workers on site.

Nevada lawmakers approved $215 million in tax incentives for Faraday Future in December 2015 for the company to build the plant to produce autonomous electric vehicles.

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