A Mississippi-based automaker unveiled a two-seat city electric vehicle and got visits from former President Bill Clinton (D) and state Gov. Haley Barbour (R) to mark the occasion.
GreenTech Automotive's plug-in highlight was the low-speed MyCar, an EV that the company says will have a single-charge range of 115 miles and a price of about $15,500. The Horn Lake, MS company said producing the car will create 426 new jobs. GreenTech, which acquired Hong Kong-based EuAuto two years ago, is building a 300,000-square-foot factory, in addition to operating a 376,000-square-foot plant in Mississippi.
Somewhat secretly, GreenTech started building the car last November. The company estimates that it'll make about 110 units during is first year of production. MyCar has a top speed of 45 miles per hour, though that will be limited to 25 miles per hour because of U.S. regulations. The first batch of vehicles will be used by Dominoes to deliver pizzas and some will be sold to a Danish company, the Associated Press reports.
GreenTech has long considered Mississippi home, at least since 2009, when the company rose out of the legal dispute over Hybrid Kinetic Automotive Corp. GreenTech Automotive is chaired by former Democratic National Committee chief Terry McAuliffe, which is useful in getting high-profile politicians to appear at an opening. McAuliffe told the New York Times that, "No one else's offer was even close to Governor Barbour's. We can disagree on political issues, but this is two people from different parties coming together. He's been very aggressive in bringing in the carmakers, so now he's saying, 'Let's try an electric.' It's a win-win for everybody."
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