EV Manufacturer Slate Wins $5-Million Grant to Expand Its Michigan HQ

Michigan taxpayers give $5 million to Jeff Bezos-backed electric truck startup

A $5 million taxpayer-funded grant was approved Tuesday for electric vehicle startup Slate Auto as the company expands its Troy headquarters and prepares to launch production of its low-cost electric pickup truck later this year. The Michigan Strategic Fund performance-based grant is tied to a planned $10.4 million investment and the promised creation of 392 engineering, design, and administrative jobs over the next five years, according to the …

EV manufacturer Slate wins $5-million grant to expand its Michigan HQ

Since beginning operations in 2022, Slate Auto has made lots of headlines for its plan to offer a low-cost electric pickup truck. Now the company has won a $5-million Michigan Business Development Program performance-based grant to expand its North American headquarters in Troy, Michigan. Between its HQ in Troy and a recently-opened facility in Sterling Heights, the company currently employs 325 people in Michigan. The new project will have a to…