Apr 14 2010
The Green Automotive Company Inc., (Pink Sheets:GACR) announced today that the company has signed a Letter of Intent (LOI) with Promotora Turistica Sin Limito, S.A. (a private corporation in Mexico) to be the exclusive distributor for the Country of Mexico of the 100% all-new all-electric Sport Utility Vehicle (SUV) manufactured in China.
The Agreement will call for the development of 25 new markets over a three year term, with each location responsible for a minimum of 30 SUV sales per month in order to maintain their distributorship. At a fully optimal level, this could lead to potentially 5,000+ SUVs sold for approximately $137,500,000 in gross sales.
Jesus Osuna, the Chief Operating Officer of Promotora Turistica Sin Limito, stated, "There is a huge need for Electric Vehicles in Mexico for consumer and commercial use. We intend to use our vast database of contacts in government and automobile sector to aggressively market the cars and make Mexico the number one market."
The following locations will be targeted for the Electric SUV: Mexico City, Mazatlán, Tijuana, Puebla, Guadalajara, Juárez, Monterrey, Mexicali Baja California, Mérida, Culiacán, Toluca, Chihuahua, Naucalpan, Querétaro, Aguascalientes, San Luis Potosí, Hermosillo, Morelia, Acapulco, Guadalupe, Saltillo, and Cancún. Mexico City is the second largest city in the world with a population of 18,131,000.
Marcelo Ebrard, Mexico City's would-be "green mayor," is convinced that modern electric taxis – properly done – can be successful in Mexico City, where the average cabby drives about 200 km per day and cold winter weather isn't as much of a challenge. Working in cooperation with the RUTAS UNIDAS association of bus and cab operators, his colleagues at Electro Autos Eficaces de Mexico (EAE) – led by Mr. Luis Pérez Quintana – and Azure Dynamics (AZD) – headed by their new CEO Scott Harrison – plunged into the development of a Nissan Sentra taxi conversion powered by an AZD 20kW AC Direct Drive and Kokam energy packs.
David W. Crane, President & CEO, NRG Energy, Inc., stated in a testimony before the U.S. Senate Committee on Environment & Public Works on October 28, 2009, "Electrification of our transport sector is, of course, not just a major step forward in our effort to decarbonize American society, it means much more in terms of the enhancement of national security and the preservation of national wealth."The Electrification Coalition is a nonpartisan, not-for-profit group of business leaders committed to promoting policies and actions that facilitate the deployment of electric vehicles on a mass scale in order to combat the economic, environmental, and national security dangers caused by our nation's dependence on petroleum. For more info, visit www.electrificationcoalition.org
The Zotye Electric SUV Vehicle has: A/C and Heat, Power windows/Power locks, DVD Audio System, Integrated electric system monitoring screen (Monitor battery status, vehicle speed, charging status), Regular On Board Charging and fast charging port, Automatic transmission (8:1 ratio), Five Door 4 seats Electric SUV (Lithium Ion Battery), Max Speed: up to 75 mph, with a range of up to 250 miles. The Vehicle comes with an 185,000 Mile Warranty.