Electric vehicle company puts Indiana factory plans on hold

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. Indiana Gov. Eric Holcomb attended the announcement event, saying he was “thrilled” by the company’s decision.

But the South Bend Tribune reported that 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.

Please enable JavaScript to view this content.

Story Continues Below

Editor's note: IBJ is now using a new comment system. Your Disqus account will no longer work on the IBJ site. Instead, you can leave a comment on stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Past comments are not currently showing up on stories, but they will be added in the coming weeks. Please note our updated comment policy that will govern how comments are moderated.