Otay Mesa Plant Now in Production of Chassis & Components
30 July 1998
Otay Mesa Plant Now in Production of Chassis & Components, First Vehicle Due Out First Week of AugustBURBANK, Calif., July 30 -- BAT International (OTC Bulletin Board: BAAT) announced today that the Otay Mesa, Mexico Auto Plant is completed and has been producing and stockpiling chassis, hoods and a variety of other components for the past two weeks (see Press Release Dated 5-6-98). Assembly personnel are being trained to craft finished vehicles from chassis and other parts currently under production. The plant is designed to manufacture electric and gasoline vehicles using an advanced monocoque composite chassis that is extremely durable, strong, safe, and can carry heavy loads. Three configurations of vehicle will be produced that include sport utility vehicle, pickup truck and delivery van. The first vehicle is expected to roll out of the plant in early August. The chassis design is ideally suited for electric vehicles and will also improve fuel economy of gasoline vehicles. Electric delivery vehicles, pickup trucks, and SUV's are in strong demand in both commercial and consumer sectors in Mexico City because of restrictions on the use of commercial and personal vehicles during smog alerts. The Mexican auto plant is also a showcase facility and training center to set up other vehicle manufacturing plants worldwide. BAT has exclusive worldwide rights to the use of the World Transportation Authority monocoque chassis for production of electric vehicles. Negotiations are occurring with various countries concerning licensing of vehicle and electric drive technology. An Open House (limited to 200 visitors, RSVP only) will be held in September for prospective buyers to tour the plant and test drive the new lightweight composite models. BAT International is organized as a holding company with major ownership position in a set of subsidiary companies now commercializing advanced automotive energy technology products developed by BAT over the last six years, including anti-friction metal treatment (TVT(TM)), electric vehicles, super efficient or high power engines, advanced batteries and power electronics, electric bicycles & scooters and electric power generation. (For more information on BAT Int., see BAT's web site, at http://www.baat.com). This press release contains forward-looking statements that should not be used to make an investment decision. Please refer to the Company's web site end other sources for more detailed Company information