The plant would be set up on the north end of Mare Island.READ MORE: Man Ripping Down Flyers Promoting AAPI Anti-Hate Rally Caught on Camera in Mountain View
The plant is expected to create hundreds of jobs and to pump hundreds of millions of dollars into Vallejo.
Vallejo was once home to a thriving naval center.READ MORE: Demonstration in Oakland to Protest Police Shootings Turns Violent
But in 2008, this diverse working-class city had tens of millions of dollars in debt and filed for Chapter 9 bankruptcy protection.
In 2011, a federal judge approved Vallejo’s $50 million debt-restructuring plan.
Since then, it has been slowly rebuilding.MORE NEWS: Armed Bike Thieves Targeting Cyclists in the East Bay Hills
The electric car project would bring Vallejo increased property, sales, utility and hotel taxes among other boons.