Slate Auto eyes former Indiana printing plant for its EV truck production

Sweet Auto, Buzzy Novi EV Startup That broke this weekis close to locking in the former printing plant situated In Warsaw, Indiana, as a future production place for his cheap electric truck, shows an overview of public records.

The company is expected to lease an object of 1.4 million square meters for the undiscovered amount. Said officials of economic development Local media earlier this year (without slate naming) The factory could hire up to 2,000 people and had offered a stimulating package to the county with an undiscovered company.

It is not immediately clear what this stimulating package includes or is completed. The slate did not immediately respond to the comment request. PEGGY on Friday, the Corporation Executive Director of the Economic Development of the Kosciusko district said in the email that “according to the strict agreement on the non-discharge with the project.”

Sweet showed an air photograph of the factory during the event on Thursday. The company did not say where it is, but the photo matches public list Available on the Indiana Corporation website. Techcrunch reported earlier that the company had planned to make its EV, which would cost below $ 20,000 after the Indiana tax loan.

“Our truck will be made here in the US as part of our obligation to re-industrialize America,” said Slata CEO Chris Barter on stage, while the factory photo is shown on the screen behind her.

Sweets focus on homemade production built in DNA company. The startup was originally created inside Re: Build Manufacturing, a company based in Massachusetts, focused on increasing the country’s ability to do things.

The Warsaw Factory was built in 1958 and was occupied by a printing company RR Donnelly for decades. According to local media, it has been dormant about two years.

Turning a factory, especially the one that has not previously pumped cars, is not a cheap or easy task. Sweet has collected serious war chests to help solve the goal. In part, the founder of Amazon was supported by Jeff Semos, the Guggenheim Partners CEO Mark Walter and Powerhouse VC Company General Catalyst, Startup has raised more than $ 100 million to date.

Sweet approaches takes into designing and building an electric truck should also help costs. The company plans to sell trucks for trucks instead of painting them, which means that you should not build a color trade in the factory. This could only save hundreds of millions in the process of building a plant.