Michigan Awards $5M Grant to Electric Vehicle Startup Slate Auto

The Michigan Strategic Fund Board has approved a $5 million performance-based grant to electric vehicle startup Slate Auto, which is investing $10.4 million in expanding its headquarters in Troy, Michigan. The investment will create at least 392 new jobs over the next five years and strengthen the company's innovation and manufacturing capabilities.

By Eric Walz Wed, May 20, 2026 at 7:02 PM GMT+3 2 min read · Yahoo Finance · May 20, 2026, 16:02 UTC

Tickers: $AMZN

Topics: Economic Development Electric Vehicles Startups

Read the full article at Yahoo Finance

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