SF Motors invests $160 million to build all-electric SUVs at former Hummer factory

SF Motors invests $160 million to build all-electric SUVs at former Hummer factory

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By Fred Lambert, electrek.com

 

 

SF Motors is moving ahead with its plan to build electric vehicles at the former Hummer factory in Indiana.

This week, the startup is taking over the plant and it announced $160 million in investments to build all-electric SUVs at the factory.

It has been an exciting year for SF Motors, which is backed by China’s Sokon.

They have acquired AM General’s South Bend, Indiana assembly plant, where they used to produce the commercial Hummer, and they bought the electric powertrain startup founded by Martin Eberhard, Tesla co-founder.

Two months ago, they also unveiled the two first all-electric vehicles that they plan to bring to production in Indiana, as well as in China.

Last fall, the contract to build Mercedes SUVs, which came after the Hummer went out of production, ran out at AM General’s South Bend factory, which resulted in over 300 layoffs.

This week, SF Motors announced a deal to invest $160 million in the factory (significantly more than the $30 million they promised last year when buying the factory) and to bring back 467 jobs by 2020.

John Zhang, Founder and CEO of SF Motors, made the announcement:

Gov. Holcomb was also present at the announcement and added:

The investment will be used to retool 675,500-square-foot facility and prepare for the production of SF’s all-electric SUV.

The company announced plans to have vehicles on the road as soon as next year, but it’s not clear if the Indiana factory will be ready by then. SF Motors also has a factory in China.

Electrek’s Take

At the risk of repeating myself, like with Rivian Automotive, I have a lot more hope in SF Motors than the previous EV startups such as Lucid Motors and Faraday Future because of the way that they had fleshed out manufacturing plants before unveiling concept vehicles and embarking on marketing campaigns.

I still think that having vehicles on the road as soon as next year is a bit aggressive, but they are supposedly going to release more details about their plans later this year.

With EV tech Tesla co-founder Martin Eberhard, Chinese money, and a significant US factory, I think It’s certainly a startup to keep an eye on.