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Are the Chinese building an electric car plant in Mississippi?
torquenews.com Green Tech Automotive (GTA) has broken ground and begun to erect the structure of its new manufacturing facility in Tunica, Miss. GTA calls itself a “U.S. automotive manufacturer,” however that description might lead one to believe that the company produces automobiles. It may someday, but for now GTA is a manufacturer of neighborhood electric vehicles (NEVs). NEVs are low speed, local-use vehicle used in retirement and resort communities. Think fancy electric golf cart for rich Palm Springs golfers. GTA is partnered with a Chinese company and may at some point produce an electric vehicle based on a Chinese platform. When we last reported on GTA it was being investigated by the SEC. Co-founder Terry McAuliffe (former President Bill Clinton’s wing man) had left the company and ran for governor of Virginia. He won and will be sworn in on Saturday. So to summarize, we have a maker of neighborhood EVs, founded by a politician, partnered with a Chinese electric car company that wants to import EVs, has been investigated by the SEC, and is now building a factory in Mississippi. to read more: torquenews.com
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