"It's opened up some opportunity for us,"
"What we've done is we've stepped back and surveyed multiple battery suppliers, and what we're seeing is there are others in the industry that are pulling back as well on their EV launch plans-so it's opening up capacity,"
"So we're going out and seeing...taking survey on what's there, and see what we can do to look at pricing."
"We think a strong thriving democracy depends critically on an industrial economy. I don't think you can have a services-only base,"
Removal of the $7,500 federal EV tax credit has created opportunities for newer EV manufacturers by freeing battery supplier capacity and easing some launch constraints. Slate Auto reassessed multiple battery suppliers to take advantage of available capacity and to explore pricing adjustments. The Slate truck is targeted to have a sticker price in the mid-20s with customer deliveries expected by the end of 2026. Slate Auto is based in Troy, Mich., and is a spinout of Re:Build, an investment fund focused on revitalizing U.S. manufacturing. The average U.S. used car price near $25,000 helps keep the new truck competitive even without the credit.
Read at Fortune
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