Chinese-owned SF Motors finalizes acquisition of AM General’s Indiana plant

Chinese-owned SF Motors finalizes acquisition of AM General’s Indiana plant

Chinese-owned SF Motors has completed its acquisition of AM General’s commercial assembly plant in Mishawaka, Ind.
Anisa Jibrell
Automotive News | November 2, 2017 – 12:38 pm EST

Chinese-owned electric vehicle company SF Motors Inc. has completed its acquisition of AM General’s commercial assembly plant in Mishawaka, Ind.

The Silicon Valley-based company, established by China’s Chongqing Sokon Industry Group, will use the plant for North American EV production and will keep current workers “through several phases.” It expects to retain 430 American auto worker jobs.

The deal does not affect AM General’s military assembly plant, AM General said in a statement.

SF Motors said its first vehicle will be produced in Indiana, and it plans to upgrade the plant and invest in worker-training programs.

“I am glad to see this transition is taking place on schedule, and I look forward to working with SF Motors to ensure the facility reopens as quickly as possible so employees can return to work,” U.S. Rep. Jackie Walorski, R-Ind., said in a statement.

The deal was announced in June.

Completion of the deal trails closely behind the company’s purchase of InEVit, an EV battery tech firm led by ex-Tesla Inc. executive Martin Eberhard.

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