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Hello, tech lovers! Today, let’s dive into the exciting world of electric vehicles and American manufacturing with Slate Auto’s latest adventure.
Slate Auto, a rising star in the EV scene, plans to transform a dormant factory in Warsaw, Indiana, into a hub for making affordable electric trucks. This historic site, once a printing plant built in 1958, has been silent for around two years, but now it’s set for a new purpose.
The startup aims to lease the 1.4 million-square-foot facility, turning it into a bustling production plant. The company’s goal? To produce cars that cost under $20,000 after federal incentives, emphasizing a commitment to re-industrialize the U.S. economy.
Backing by big names like Jeff Bezos, Mark Walter, and General Catalyst has helped Slate secure over $100 million to fund this ambitious project. A clever approach, like using truck wraps instead of elaborate paint shops, could save hundreds of millions on factory costs, making the process more affordable and efficient.
During a recent event, Slate’s CEO, Chris Barman, proudly highlighted the company’s dedication to U.S.-based manufacturing. The factory’s history, once a printing plant, adds a layer of historic significance to the effort, as it transitions from printing to pioneering electric transportation.
Public records reveal that the company is close to finalizing the lease, with local officials suggesting that up to 2,000 jobs could be created. The project promises a revival of industrial strength, rooted in a tradition of manufacturing excellence.
