Slate Auto will start taking orders for its low-cost EV on June 24

Slate Auto will start taking orders for its low-cost EV on June 24, with first deliveries expected late this year.

The company is still keeping final pricing under wraps, even as it moves from preorder buzz toward commercialization.

Slate says it has already logged more than 160,000 refundable $50 reservations and raised about $1.4 billion.

The startup recently named former Amazon executive Peter Faricy as CEO, adding a new leader as it prepares to launch.