Tuesday, May 26, 2009

Q & A

Editors Note: Eric's question is in response to our post about the $70 million Department of Energy grant we applied for to work with CSU on developing a new vehicle around their new electric battery platform. This is a completely separate project from our hydraulic hybrid platform.

From Eric: Wow, you are planning on a rate of 4 vehicles delivered a day in only a few years... That is a pretty ambitious goal, what do you have in mind to get there?

Lightning Hybrids: A lot of automation and personnel investment, frankly. Remember, the numbers for the electric vehicle platform are based on a successful $50 million grant from the Department of Energy and much of that funding is for new job creation and infrastructure investment, namely the 1,000 associated jobs related to the investment in manufacturing automation equipment, and the 300 assemblers we will hire to put the cars together and run the automation equipment in year three and four. After the first 18 months of development of the battery and the cars and a year for testing it is a straight shot to mass production.

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