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SF Motors, Governor Eric Holcomb and local leaders held a press conference in Mishawaka to announce a $160 million investment that will create up to 450 new jobs by 2020.
The announcement was made at the former AM General assembly plant on McKinley Highway, which SF Motors purchased last year.
SF Motors' $160 million investment includes the purchase and renovation of the AM General plant.
“Northern Indiana has a rich history of manufacturing vehicles, a mature supplier network and a highly skilled talent pool with luxury automotive experience. All these advantages make Mishawaka the perfect location to manufacture our intelligent connected EVs,” said John Zhang, founder and chief executive officer of SF Motors. “We are proud to partner with Indiana to restore up to 467 jobs to the local economy. We see this partnership as the beginning of a bright and prosperous future.”
At least two of the company's electric vehicles will be manufactured at the Mishawaka facility. It will be the company's primary plant in the United States.
"Indiana's reputation as a destination for business continues to be heard across the U.S. and around the world, attracting companies like SF Motors," Gov. Holcomb said. "With a world of options, we're thrilled SF Motors chose to expand in Indiana. We look forward to witnessing their continued success in Indiana as they develop 21st-century solutions with the help of our talented Hoosier workforce."
SF Motors is awaiting the approval of the Indiana Development Corporation's Board of Directors for up to $3.8 M in conditional tax credits and up to $500,000 in training grants.
The company will not receive the tax credits until Hoosiers are hired.
ABC57 Original source of the article, published on May 30, 2018