Bezos-backed EV Startup Aims for Affordable Revolution | JQJO

Slate Auto, an electric vehicle startup backed by Jeff Bezos, is building its vehicles in a Michigan facility before moving to a larger Indiana plant. They're currently producing over 70 two-seat, two-door electric pickup trucks, customizable into SUVs, focusing on simplified manufacturing and affordability. The company secured over 100,000 reservations with a $50 deposit after raising $700 million in funding. While aiming for a sub-$20,000 price point with potential tax credits, challenges include limited market demand for two-door vehicles and scaling up production, though they've demonstrated a commitment to adapting their plan.