10.9GreenTech Automotive launches hybrid vehicle project in Tunica

GreenTech Automotive launches hybrid vehicle project in Tunica 

 

http://autonews.gasgoo.com/auto-news/1012457/GreenTech-Automotive-launches-h
ybrid-vehicle-project-in-Tunica.html

 

Tunica, Miss. ¨C GreenTech Automotive, Inc., a Mississippi company, has
announced plans to develop and manufacture hybrid automobiles on 1,500 acres
in Tunica County¡¯s Metro-Mega-site, with an option to purchase more land as
needed. The initial phase of the project is estimated to cost $1 billon and
provide 1,500 jobs locally. The plant will produce 150,000 vehicles annually
in phase one. 

 

¡°We want to thank the State of Mississippi, the Tunica County Chamber of
Commerce, Gulf Coast Automotive Fund, our investors and business partners
for their continued assistance in making this project a reality,¡± said
Charles Wang, CEO of GreenTech Automotive, Inc. ¡°We are excited to be
bringing the latest in automotive innovation to Americans, made by
Americans, and we look forward to the very significant impact that our
project will have on the local and regional economic landscape.¡± 

 

GreenTech¡¯s proprietary, mass producible technology will ensure that its
vehicles will already meet the lower emissions and fuel consumption
standards that the Obama administration has set for 2016, while providing
American consumers with a full range of automobiles that exceed their
expectations for style, roominess, performance, comfort and driving
excitement. 

 

¡°This is an exciting opportunity for Tunica County,¡± said Lyn Arnold,
President/CEO of the Tunica County Chamber of Commerce & Economic
Development Foundation. ¡°It speaks to the work we have put into making sure
our local economy is robust and diversified. This project has the potential
to positively affect the economy of not just our county, but also the entire
region.¡± 

 

In addition to strategic investments, the investments made through Gulf
Coast Automotive Fund (GCAF) in this project are an integrated part of
GreenTech¡¯s overall funding strategy. GCAF is an USCIS-approved regional
center and professional investment firm, and engages a diversified
investment approach to provide U.S. job creation and opportunities for
capital preservation and potential appreciation. GCAF has committed to
working with GreenTech Automotive through the EB-5 immigration investment
program and supporting the hybrid car project in Tunica. 

 

Details about the company¡¯s plans and vehicle specifications will be made
available as the project progresses. 

 

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