GreenTech Automotive Opens Electric-Vehicle Production Plant (Saleen)

[Greg Wackett]

GreenTech Automotive Opens Electric-Vehicle Production Plant in Tunica, Miss.

Production Of All-electric Vehicles Scheduled To Begin In Fourth Quarter Of 2014

TUNICA, Miss., Oct. 22, 2014 /PRNewswire/ -- GreenTech Automotive (GTA), a U.S. automotive manufacturer dedicated to developing and producing environmentally friendly, energy-efficient vehicles, today celebrated the grand opening of its new production facility in Tunica, Mississippi.

"We started GreenTech Automotive with the vision to make energy-efficient cars that are so inexpensive the average American could afford to buy them," said Charles Wang, chairman and CEO of GTA. "In the past five years we have completely redesigned and reengineered the all-electric MyCar; developed strategic relationships with major automotive OEMs; and attracted, trained and retained a dedicated workforce in Mississippi. Completing this state-of-the-art facility, designed and built specifically for GTA's unique production needs, brings us another step closer to making that dream a reality."

Gilbert Villarreal, chief operating officer of GTA, provided an update on the company's operations. "The transition from our pilot manufacturing facility in Horn Lake is nearly complete," Villarreal said. "Production equipment will be installed and operational this month, which keeps us on schedule to begin production of the 2015 MyCar next month. We're looking forward to job fairs in November and coming months that will help us reach staffing capacity, and will continue to sign dealers and distributors as we look forward to a productive 2015."

The facility, located at One GreenTech Drive, Robinsonville, MS, 38664, at a site selected by GTA in 2009, initially 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 AC wall outlet or a 220V AC wall outlet. GTA is moving equipment from its pilot manufacturing facility in Horn Lake, and expects to begin vehicle production there in the fourth quarter of 2014.

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, who markets and distributes Saleen-branded performance vehicles and supercars in Asia under a Joint Branding, Marketing, and Distribution Agreement with Saleen Automotive, Inc.; 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.

SOURCE GreenTech Automotive

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