Fisker Automotive is reopening a former General Motors factory in Wilmington, Delaware, to produce long-range, plug-in, electric-hybrid vehicles.
The Wilmington assembly plant was selected by Fisker Automotive for its primary global production facility based on its size, production capacity and access to shipping ports and rail lines, as well as its skilled workforce.
In September, the US Department of Energy announced that it was to provide the company with a $528.7m (£323.4m) loan for the development of two lines of plug-in hybrids.
Of that total, $359m (£220m) will be used to revive manufacturing at the Boxwood Plant in Wilmington, where the company will develop and manufacture a mass-market, plug-in, hybrid sedan. The company estimates that it will build 75,000-100,000 of the vehicles every year by 2014.
Fisker automobiles are driven by electric motors powered by a lithium-ion batteries, or a generator driven by a petrol engine. The plug-in hybrids will have a cruising range of about 300 miles.