Developing renewable and clean technology companies in New York
Thursday, July 1, 2010
The future of American-made vehicles to take place in Central New York.
Can the future of American-made vehicles take place in Central New York? CenterState CEO and Bannon Automotive, LLC are doing everything thing they can to say yes. Bannon Automotive plans to invest $35.1 million to remodel/equip a former factory for the manufacture and assembly of Bannon’s “NXR” Electric Vehicle. To date, the plant will be one of the first of its kind in the United States and is expected to create 240 local full-time jobs over its first four years of operation.
The NXR is a fully electric, four-passenger plug-in vehicle that reaches top speeds of 65 mph and is capable of traveling as far as 100 miles between charges. With prices ranging from $17,000 to $25,000 the NXR is more affordable than its main competitors, the Chevrolet Volt and Nissan Leaf.
CenterState CEO is currently working hard to identify a regional supply chain for the electric vehicles components to bring further wealth and prosperity to the Central New York region.