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GreenTech Auto restarting production later this year

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Will the rubber really hit the road for GreenTech Automotive (GTA) this year? The company said "yes" last week after announcing that it finished building its factory in Tunica, MS. With that done, the company's low-speed neighborhood-electric vehicles (NEV) will start production by the end of 2014. In the meantime, the company is shipping its stuff over from a temporary factory in Horn Lake, MS, about 30 miles away.

GTA broke ground on the factory early this year and is prepping two models. One is an NEV called MyCar that has a single-charge range of about 65 miles. The other is the G2 battery-electric sedan. And, while no word is out on when the latter will see the light of day, MyCar is slated to start production this year.

GTA was founded in 2009 by Terry McAuliffe, who invested about $20 million in the company. He left GTA in 2012 and is now governor of Virginia. The latest wrinkle with the company is that it merged with VL Automotive this spring. VL is the company that had planned to take Fisker Karma bodies and bolt them on a frame with a V8 engine. Fun stuff, but a far cry from a little-bitty electric vehicle. Check out GTA's press release below.
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GreenTech Automotive Completes New Plant

(September 9, 2014) Tunica, Miss. -- GreenTech Automotive (GTA), a U.S. automotive manufacturer dedicated to developing and producing environmentally friendly, energy-efficient vehicles, announced today that construction is complete on its new production facility in Tunica, Miss.

"GTA has made significant progress toward our engineering, production, hiring and industry partnership goals in recent months," said Charles Wang, chairman and CEO of GTA. "We're eager to move into our new, permanent manufacturing home in Tunica and begin production there as soon as possible."

The facility is located at One GreenTech Drive, Robinsonville, MS, 38664, near the intersection of Old Mississippi 304 and Buck Island Road. With construction on the new facility complete, GTA is making final preparations in the building's interior and has started moving equipment from its pilot manufacturing facility in Horn Lake, Mississippi. The company expects to celebrate the facility's grand opening and begin vehicle production there in the fourth quarter of 2014.

The Tunica facility will produce MyCar, a two-seat Neighborhood Electric Vehicle (NEV) that produces zero emissions, provides segment-leading range per charge and can be recharged via a common 110V wall outlet, a 220V wall outlet or fast charging stations.

About GreenTech Automotive:
GreenTech Automotive (GTA) is a U.S.-based automotive manufacturer dedicated to developing and producing environmentally friendly, energy-efficient vehicles. GTA's core values encompass green technology, affordability and U.S. job creation. GTA is a subsidiary of WM Industries Corp., whose other wholly owned subsidiaries include WM Motors, a luxury sedan and sports car maker; Saleen Motors International, a high-performance car manufacturer; and Advanced Composite Technology, a materials product development and manufacturing company; all of which are based in Detroit, Michigan. For more information, visit www.gtaev.com.
- See more at: http://gtaev.com/us/about/our-vehicles#press-release

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