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Brian Sandoval

Nevada lawmakers OK $335-million deal to lure Faraday Future electric carmaker

Nevada lawmakers approved a $335 million incentive package to attract upstart electric carmaker Faraday Future's billion-dollar factory to a hard-hit Las Vegas suburb, even though the company has yet to unveil a concept car or bring a product to market.

The state Assembly voted overwhelmingly in favor of the deal Saturday, after a four-day special session in Carson City. Lawmakers learned last week that Chinese billionaire Jia Yueting was backing the secretive California-based company, which employs some former Tesla Motors executives, and that Faraday plans to bring 4,500 direct jobs to Nevada.

"This is a watershed moment," said Democratic state Sen. Pat Spearman,...