Now, it seems that the company has entered a new venture called Global Green Cars with plans to reenter the EV market along with some unnamed Chinese partners. The goal is to import vehicles from China and install electric motors and the buyer's choice of batteries, with cars starting at $20,000 before any federal rebates. To help make this a reality, Global Green Cars plans to request funds from the Department of Energy.
We're not sure what to say other than good luck. In an attempt to drum up support for the project, GGP has invited anyone interested to test drive one of its electric cars on Monday, April 6th. Click past the break for all the details and an old video from the company's last foray into EVs.
[Source: Green Star Products]
Green Star Products Announces Strategic Plans to Build Electric Vehicles
Electric Car Demo Drive to be Held at Rocky Mountain Raceways
SALT LAKE CITY, UT (BUSINESS WIRE) April 3, 2009 – Green Star Products, Inc. (OTC: GSPI), along with its global auto industry partners announced today their strategic plans to build and assemble electric vehicles in the United States.
In 1994, Michael O. Leavitt Governor of Utah 1993-2003 (also former U.S. EPA Administrator 2003-2005 and U.S. Secretary of Health and Human Services 2005-2009) declared a Zero Emissions Day in Utah and presented Joseph LaStella with an honorary plaque for his company's contribution to electric vehicles. That same day, Governor Leavitt requested to personally test drive Mr. LaStella's high performance production electric vehicle around Salt Lake City with Mr. LaStella as a passenger and the Governor's limousine following the car. At the same time, four other GSPI electric vehicles chauffeured Capitol Hill assembly members around town.
The high performance production electric car driven by former Governor Leavitt will be showcased and test driven at the Rocky Mountain Raceways 6555 W 2100 S, West Valley City, UT 84128, (801) 252-9557 on Monday April 6th, 2009, from 10 AM to 1 PM. Those who want to register for a free test drive should request so by sending an email to info@GreenStarUSA.com.
During the years 1992 through 1998, Green Star Products, Inc. (OTC: GSPI)(formerly Battery Automated Technology (BAT) International, Inc.) was engaged in electric vehicle production. During that period, GSPI built electric cars off their assembly lines which set many world records that still stand today. These cars and trucks are still rated as some of the finest performing electric vehicles being tested today. GSPI vehicles were tested by the U.S. government and were also crash tested (see crash test video at GreenStarUSA.com).
However, GSPI did not pursue the electric vehicle beyond 1998 because California's electric car mandates failed and were defeated by Detroit in federal court and the electric car market did not materialize. Green Star Products went on to be a leader in the Biorefinery Industry, which includes Biodiesel Production, Algae Production and Cellulosic Ethanol Production – and remains to this date as our core business.
The electric vehicles that are needed today are those that will replace the most high polluting vehicles in use today. Those vehicles are in-city, slow moving, stop-and-go delivery vehicles which do not travel more than 35 miles per day and pollute more than any other vehicle on a per mile basis.
U.S. Department of Transportation states that in 2006 U.S. workers commuted to work on average only 25 minutes; that U.S. highways are only used by vehicles with an average of 27.58 miles per day per capita; and the daily vehicle miles of travel per capita of the 30 largest urbanized areas have a range from 14.0 miles/day/capita (San Juan, PR) to 36.0 miles/day/capita (Huston, TX).
Electric vehicles are ideal for today's city traffic where most of the population commutes – they do not waste energy while not moving at a stop light or slow traffic; electric motors are more efficient than similar internal combustion engines; and they do not pollute in high traffic areas where pollution control is critical to air quality.
Therefore, GSPI's plan is to build an assembly plant that will produce electric vehicles to meet that market using an improved inexpensive high performance technology similar to the one used in GSPI's electric vehicle production era combined with strategic support from global auto industry companies.
GSPI determined that it needed an inexpensive light weight truck that can carry a significant amount of weight. Green Star decided on a commercial lightweight vehicle built in China that even with an extended cab weighs only 1,980 pounds (900 Kg) and has a carrying capacity of 1,760 pounds (800 Kg), which is almost its own weight.
Green Star has been successfully negotiating with Chinese companies to be our partners. GSPI's Vice President of International Projects, Michael Hu, was born in China, speaks fluent Chinese and is heading the negotiations with China. GSPI has set up a Consortium Auto Company called Global Green Cars to organize the variety of companies and industry talents required to start up and operate an electric vehicle assembly line. The plans include bringing Chinese engineers as consultants to set up the production line in the U.S., however, this is only the first step in bringing these vehicles to the United States. Mr. Hu has confirmed the signing of a Letter of Intent from a Design Institution in China that designed the assembly line equipment for other major automobile companies. This Design Institution has already forwarded their design layout for Global Green Cars at 30,000 vehicles per year.
GSPI has also arranged for California Environmental Engineering (CEE) and their subsidiary company G & K Automotive Conversions to support the conversion of Chinese vehicles to U.S. Standards. G & K was responsible for converting the Smart CarTM to conform to American safety standards and be drivable on American roads. G & K Automotive converted over 3,000 Smart Cars to American standards four years before Mercedes Benz was able to get them approved in the United States.
Brooks Agnew, PhD, GSPI's Vice President of Engineering, has extensive experience with several automobile companies including Nissan, Isuzu, Subaru, Honda, Toyota, General Motors, Daimler-Chrysler, Volkswagen and Ford Motor Company. Mr. Agnew was responsible for moving production facilities in the United States and abroad and is very well versed with production lines and availability of parts.
Brooks Agnew along with Michael Hu will lead the Global Green Cars auto team in the United States.
It is planned that the plug-in GGC electric vehicles will be produced as full electric vehicles (full EV) to be legally used on freeways and highways with speed capabilities of +70 mph. The consumer should distinguish these full electric vehicles (full EV) from neighborhood electric vehicles (NEV) which are limited to speeds of 25 mph.
The normal driving cost for the GGC electric vehicles will be equivalent to +100 miles per gallon gasoline powered vehicles (based on $0.10/kWh electricity purchase and $2.00/gallon gasoline purchase).
Vehicle prices start at $20,000 dollars and will probably qualify for significant government rebates. At the present time and with the help of our major Chinese automobile partners, there are no competitors for this type of vehicle at this price range in the United States.
The plug-in GGC electric vehicles will be offered with a variety of battery packs to include lead-acid packs with a range of 50 to 70 miles per charge, or more expensive batteries, at customer's choice, with ranges of up to 200 miles per charge. The GGC electric vehicles will also be sold with the option of being hybrid vehicles. The hybrid option would provide a means of extending the range of the vehicle during the daytime use. The hybrid option could double the range of the vehicle within an 8 hour daytime usage delivery period, depending on driving conditions and driver's driving habits.
Recently on Mach 19, 2009, the U.S. Department of Energy (DOE) released a request for proposals (RFP) which includes the production of electric vehicles. The DOE will administer $6.8 billion dollars to an estimated 56 companies. Green Star Products together with Global Green Cars and its automobile consortium will participate in this RFP.
Green Star Products, Inc. (OTC: GSPI) is an environmentally friendly company dedicated to creating innovative cost-effective products to improve the quality of life and clean up the environment. Green Star Products and its Consortium are involved in the production of green sustainable goods including renewable resources like algae biodiesel and clean-burning biofuels, cellulosic ethanol and other products, as well as lubricants, additives and devices that reduce emissions and improve fuel economy in vehicles, machinery and power plants. For more information, see Green Star Products' Web site at http://www.GreenStarUSA.com, or call Public Relations at 1-800-741-7648 and 1-800-340-9784, or fax 619-789-4743, or email info@GreenStarUSA.com. Information about trading prices and volume can be obtained at several Internet sites, including http://www.pinksheets.com, http://www.bloomberg.com and http://www.bigcharts.com under the ticker symbol "GSPI".
Forward-looking statements in the release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the company's products, increased levels of competition for the company, new products and technological changes, the company's dependence on third-party suppliers, and other risks detailed from time to time in the company's periodic filings with the Securities and Exchange Commission.