EV Manufacturer Wraps Up Deal For Mishawaka Plant

Posted: Updated:
(Image courtesy of AM General) (Image courtesy of AM General)
MISHAWAKA -

Silicon Valley-based SF Motors says it has closed on the acquisition of AM General LLC's commercial assembly plant in Mishawaka. The electric vehicle manufacturer says all 430 employees from the facility that has produced Mercedes-Benz and Hummer brand vehicles will be brought on to SF Motors. AM General's contract with Mercedes-Benz U.S. International Inc. will expire this year and the Mishawaka workers had been slated to lose their jobs before the high-tech manufacturer moved in.

SF Motors, a subsidiary of Chongqing Sokon Industry Group of China, bills itself as "the first and only electric vehicle company to wholly own manufacturing plants in both the U.S. and China." The company in June announced a $30 million investment in the St. Joseph County operation and says specifics of the upgrade, retooling and training plans will be announced in the coming months.

Chairman Xinghai Zhang says "SF Motors values the employees of the South Bend-Mishawaka facility, as their experience and knowledge is invaluable and will greatly benefit the future products of our company, ensuring we deliver quality electric vehicles to U.S. customers. The first car from SF Motors will be made in Indiana. SF Motors' culture values communication, cooperation and collaboration. We are excited to have the opportunity to welcome them to the SF Motors family."

The plant, the company says, will produce "a new line of premium EVs" and the deal for the plant has been closed on schedule. You can connect to more about the acquisition by clicking here.

  • Perspectives

    • Shawn Gardner

      How Veterans Can Help Close Indiana's Skills Gap

      Over one million computing and engineering positions will need filled by 2020. It's a staggering statistic; however, with studies predicting only 400,000 computer-related students will graduate by that time, it is more important than ever the technology skills gap is diminished. One way to close this gap is to recruit military veterans to the tech industry. After all, it is the perfect match.

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • (Image of the South Shore Line courtesy of the Northern Indiana Commuter Transportation District.)

      South Shore Rail Project Moves Forward

      The Northwest Indiana Regional Development Authority has taken another step toward landing funding for the West Lake Corridor expansion of the South Shore rail line. Our partners at The Times of Northwest Indiana report the RDA Board of Directors has approved a governance agreement that will allow the Indiana Finance Authority to sell bonds to finance the effort.

    • Cement Maker Details $600M Investment in Mitchell

      The Texas-based owner of a Lawrence County cement supplier has announced a major investment. Lehigh Hanson Inc. says it plans to pump over $600 million into the Lehigh Cement Co. plant in Mitchell and add more than 50 jobs in the next four years. The company says the modernization effort is the largest it has ever launched in North America. It will involve a new plant on the 2,500-acre property where Lehigh Cement Co. began operations 116 years ago. The company expects to...

    • 1st Source Bank is the highest-ranked bank headquartered in Indiana. (photo courtesy 1st Source Bank)

      Forbes Ranks Top Banks, Credit Unions in Indiana

      Forbes has released its inaugural list of the best banks and credit unions in every state. The publication, along with market research firm Statista, surveyed more than 25,000 U.S. customers who rated the banks on criteria such as satisfaction, branch services, and financial advice.

    • Shawn Gardner

      How Veterans Can Help Close Indiana's Skills Gap

      Over one million computing and engineering positions will need filled by 2020. It's a staggering statistic; however, with studies predicting only 400,000 computer-related students will graduate by that time, it is more important than ever the technology skills gap is diminished. One way to close this gap is to recruit military veterans to the tech industry. After all, it is the perfect match.

    • Aussie Tech Company Chooses Indy

      A sales software company from Australia is setting up its first U.S. office in Indianapolis. SalesPond, which has offices in six other countries, says it will invest nearly $500,000 into a downtown location and hire 36 employees by 2023. The company currently has a headcount of 150 in Australia, Brazil, India, Indonesia, Korea, Japan and New Zealand. SalesPond plans to have six employees in its Circle Tower building office by year's end. Positions currently available include...