SF Motors announces $160M investment in former Hummer plant to produce all-electric SUVs
In an announcement made this week, electric vehicles start-up SF Motors said that the company is investing $160 million in the former Hummer manufacturing plant in Indiana, for the production of all-electric SUVs at the plant.
The announcement indicates that SF Motors -- a start-up backed by China’s Sokon -- is taking over the former Hummer plant, and will go ahead with its planned EV production at the manufacturing facility.
With SF Motors announcing an investment of $160 million in the former Hummer manufacturing plant, it is evident that the company’s investment in the plant will be notably much higher than the promised investment amount of $30 million which the company had assured while buying the manufacturing plant in 2017.
In announcing SF Motors’ $160 million investment in the former Hummer plant, the company’s Founder and CEO John Zhang said that the move marks SF Motors’ partnership with Indiana “to create up to 467 new jobs, supporting the greater Mishawaka and South Bend economy.”
Zhang also said that the investment will pave the way for SF Motors “to bring our cutting-edge vehicles to the highway by 2019,” and added the move will take the company “closer to carrying out our global mission – to transform human mobility through intelligent electric vehicles.”
Tesla CEO Elon Musk has recently said that the electric vehicle maker may speed up its Pickup program, with the possibility that the electric pickup truck may be introduced sooner than previously projected.
Japanese automaker Nissan has announced the launch of a new program under which old battery packs of Nissan LEAF electric vehicles will be replaced with ‘refabricated’ battery packs.
Tesla Motors CEO Elon Musk has recently confirmed that a new Autopilot interface will be released by the automaker as part of the upcoming Version 9 of the over-the-air software update which is scheduled for a rollout this summer.
Tesla Motors is already promoting its Semi electric truck to corporate clients.
Tesla CEO Elon Musk has said in a recent statement that the US-based electric vehicle manufacturer is considering the possibility of opening a new Gigafactory in Germany.
Electric vehicle sales increased by 31 percent across the United States for the data compiled till August 2017. As per InsideEVs report, 120,500 plug-in vehicles have been sold in the U.S.