Sure, Syracuse, New York has the Carrier Dome, but if a pending deal between Indian electric car maker Reva and Long Island-based Bannon Automotive is finalized, the city may soon be known more for EV production. Bannon Automotive has been negotiating with India's Reva for months now, and the licensing deal that's been tentatively brokered is pending the full approval of the Indian firm's entire board.

State development loans and Department of Energy lending guarantees are behind the move to renovate a 150,000 square foot building in Clay, NY. Over the course of three years, 250 jobs will be created by building Reva NXR vehicles. The Reva NXR can hit 65 mph and has a range of 100 miles when boasting a lithium ion battery, while lead-acid powered NXRs top out at 50 mph and go 100 miles. If all the loose ends with funding and approvals get wrapped up, the electric vehicle effort will be the latest in an effort to entice clean energy manufacturers to New York.

[Source: Syracuse Post-Standard via NYT Blog]

From Our Partners

You May Like
Links by Zergnet

Questions

There are no questions about this topic.
Be the first to ask!
Share This Photo X