COMPANY JOINS INDIANA GOVERNOR HOLCOMB TO ANNOUNCE $160 MILLION INVESTMENT AND UP TO 467 JOBS CREATED BY 2020
Santa Clara, CA – May 30, 2018 – SF Motors, a global intelligent electric vehicle company that aims to accelerate the growth of the EV industry at large, announced today that including initial acquisition costs it will invest $160 million in the Mishawaka, Indiana facility that was acquired in November 2017. SF Motors has chosen this manufacturing facility for access to a mature supplier network and the highly skilled automotive talent pool, with up to 467 jobs expected to be created by 2020. With this investment, SF Motors pushes forward on its global business strategy and establishes the company as the only pure EV manufacturer with production capabilities in China and the U.S.
The 675,500-square-foot facility, formerly owned by AM General to produce Hummer H2s and Mercedes-Benz R-Class vehicles, will undergo a full renovation and retooling to fully transform the plant before the end of the year. The facility redesign is in preparation for manufacturing SF Motors inaugural vehicles, SF5 and SF7, previewed earlier this year along with battery innovations and proprietary electric powertrain systems at their Silicon Valley headquarters.
“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.”
All production employees will undergo technical training to operate advanced automation equipment, further advancing an already highly skilled workforce. Once the plant is brought up to Industry 4.0 standards, the facility will be one of the most intelligent automotive plants.
“We are proud to partner with Indiana to create up to 467 new jobs, supporting the greater Mishawaka and South Bend economy,” said John Zhang, Founder and CEO of SF Motors. “With this investment and renovation, we are well poised to bring our cutting-edge vehicles to the highway by 2019 and closer to carrying out our global mission – to transform human mobility through intelligent electric vehicles.”
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