Faraday Future, a Chinese-based electric automobile company has made the announcement of their intention to build a one-billion dollar manufacturing plant that will be based in Las Vegas. This plan was revealed through a letter that was sent by the company to Nevada officials. Nevada was chosen over other states following intense discussions that incorporated a financial development team in Nevada. The step to build the manufacturing plant comes just when the state allowed key tax incentives. Associated Press obtained the letter, which was signed by a Chinese investor, Jia Yueting. The investor’s style is comparable to that of the late Apple’s CEO, Steve Jobs. Faraday hopes that as of 2017 one vehicle model will be available to the market.

The officials of Nevada have scheduled a conference where major highlights will be formally announcing the agreement and bringing the manufacturing plant to the Northern part of Las Vegas. Tax incentives required to fully seal the deal would necessitate authorization from the lawmakers of Nevada. The same lawmakers gave an approval to an incentive package of 1.3 billion dollars in last year’s special session that saw the securing of Tesla’s huge battery factory in Reno. Brian Sandoval, a republican governor held a meeting with representatives of Faraday in China and will have to summon Nevada lawmakers. These lawmakers will meet for a special session that will result in finalization of the agreement.

So far, a few details have been offered by Faraday and the vision of revolutionizing transportation has also been communicated. According to Stacy Morris, Faraday spokeswoman, mobile devices have changed the lives of people and unfortunately, the automobile industry has not caught up. The vehicle still gives a feeling of disconnect. An automobile company analyst said that Faraday will provide access to Internet as well as updates, taking a leaf from Tesla and other traditional car manufacturers.

Faraday Future’s startup has approximately 500 employees and its executive talent has been poached from Tesla. Additionally, the name has been coined from Michael Faraday, a scientist whose inventions in the 1800s laid a basis for the current electric motor. In the race of landing the factory, Nevada led finalists Louisiana, Georgia and California. The company expects that about 4,500 jobs will be created at the manufacturing plant. This will be a true representation of North Las Vegas’ boon, and the city currently has approximately 220,000 residents. This is according to one of the members of the economical development team, Steve Hill.