Automotive News

Slate Auto Gets $5 Million Michigan Boost For $25,000 Electric Truck

Electric vehicle startup Slate Auto is getting up to $5 million from the State of Michigan to expand its Troy headquarters.The taxpayer-funded grant was approved on May 19 by a state economic development board for the Michigan-based company, which is closing in on its goal to start production of its affordable battery powered pickup truck by the end of the year.Slate Pledges to Bring 400 New Jobs to Troy HQ

Slate Truck and SUVSlate Auto

In return, Slate is promising almost 400 new corporate, engineering and design jobs in Michigan that pay a minimum of $43 an hour over the next five years as production ramps up. Currently, the company employs approximately 325 people in the state.Slate is promising close to 400 new corporate, engineering and …


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Author: Dan Mihalascu

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