Faraday Future Has Signed A Lease On A 1 Million Square-Foot Building In Hanford California

Faraday Future isn't going to establish a large factory in Nevada any time soon, but it still needs a location to operate out in. That location appears to be in

California. The company has signed a lease on a 1 million square-foot building in Hanford, California.

It began looking for new spots after it stopped pursuing its manufacturing facility in North Las Vegas. Employees from the company recently gathered at the Hanford site for a clean-up effort and it'll take some more work before they can fully utilize the space.

CFO Stefan Krause called this a "a major step forward."

We know there is a lot of work and risks ahead,- Krause

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