Michigan-based ALTe, a producer of electric propulsion systems, will be holding a ribbon cutting ceremony, highlighted by a demonstration of its new range extended electric powertrain (REEP) prototype, at its new facility next month.
The April 12 ribbon cutting will officially open is 185,000 sq. ft. development and manufacturing facility in Auburn Hills, MI.
“The opening of our Auburn Hills facility is an historic milestone for ALTe,” said John Thomas, CEO. “At full production, our new facility will produce up to 90,000 powertrains each year, and will create over 300 jobs.”
The company used money from an $8.4 million tax credit from the Michigan Economic Development Corp.’s (MEDC) Michigan Economic Growth Authority board to invest in the facility.
“We’re pleased that ALTe has chosen Michigan and Auburn Hills for its new assembly facility,” Gov. Jennifer M. Granholm said following the tax credit announcement in February. “This project further boosts our ongoing efforts to diversify the state’s economy, and shows that businesses are continuing to choose Michigan because of our highly skilled workers and competitive business climate.”
The REEP propulsion system is used to retrofit existing vehicles to increase their fuel economy and lower emissions, the company said. Designed to replace a V8 internal combustion engine powertrain, the REEP system’s patented technology improves fuel economy up to 200%, ALTe said.
