The EV startup, backed by Chinese billionaire Jia Yueting, says it will invest $1 billion in a factory in North Las Vegas.

The facility covers some 900 acres and 3 million square feet of working space in North Las Vegas' APEX industrial park, of which Faraday Future says is "a thriving new environmentally-conscious development zone".

Las Vegas is also the place where FF will show its concept car at CES. The production version is expected on the market in 2017.

The California-based company sees in its future disruptive technologies and car making:

"Though automakers have struggled to find profits with electric models, Faraday has said it aims to make money not just on the vehicles but on subscriptions for applications and infotainment piped into the car. The company plans to introduce its first car in 2017, after unveiling a concept next month at the CES electronics show in Las Vegas.

Yueting is founder and chairman of Leshi Television, a Chinese online video site."