Friday, July 12, 2019 1:22 pm
Electric vehicle company puts Indiana factory plans on hold
MISHAWAKA, Ind. -- An electric vehicle startup has halted plans to start production at a northern Indiana factory and hire more than 450 workers.
The subsidiary of Chinese automaker Sokon had announced its plans last year for spending $160 million to buy and retool the former AM General commercial assembly plant in Mishawaka. Gov. Eric Holcomb attended the announcement event, saying he was "thrilled" by the company's decision.
But the South Bend Tribune reported Seres Automotive CEO James Taylor wrote a letter to employees saying development of its new electric SUV for the U.S. market "is on hold." Taylor said the company's focus is changing amid ongoing trade conflict and tariffs on Chinese-made products.
It wasn't immediately clear what the decision means for the 85 workers now at the Mishawaka plant.