News Summary

Slate Auto, a new electric vehicle startup, is on the verge of securing a former printing plant in Warsaw, Indiana, to manufacture its affordable electric trucks. The facility, which spans 1.4 million square feet, is expected to create up to 2,000 jobs. The company has raised over $100 million, backed by notable investors such as Jeff Bezos and General Catalyst. Slate plans to reduce costs by selling truck wraps instead of painting, avoiding the need for a paint shop. This move aligns with Slate’s commitment to domestic manufacturing, leveraging a facility previously used by R.R. Donnelly.