DALLAS, May 5, 2010 (GLOBE NEWSWIRE) -- The Green Automotive Company Inc., (Pink Sheets:GACR) announced the arrival of the all-new All Electric SUV (Sport Utility Vehicles) to America from China.
This is the first All Electric SUV in America and the first Chinese manufactured SUV to arrive in America and is now available for nation-wide distribution. The SUV will meet all US Title 49 and EPA/DOT Compliance for safety and distribution requirements. Green Auto Chairman/CEO Steven Fly stated, "This vehicle represents a huge shift in the Auto Industry and a spark in new auto sales by Green Auto. We are delighted to introduce this exciting vehicle and be first to market."
Green Auto will be offering a Preview and Demo of the Electric SUV – this Friday May 7th 2010 in Dallas TX at the Intercontinental Hotel from 12 Noon to 4pm. Dealers, Investors and Members of the Media can meet Green Auto Management, receive free literature and experience an all electric test drive of the SUV.
The Company will be pursuing a celebrity branding campaign to introduce the SUV to America, as well as a national media rollout to support the Dealers. The Zotye will soon become a part of many households as a primary or secondary vehicle.
According to an article in Automotive News, Nissan Motor Company has booked 3,754 pre-orders for its Leaf Electric Vehicle in Japan -- or more than half its first-year sales target there -- in just three weeks, the automaker said. In the United States, the car has a $32,780 sticker price, but a $7,500 federal tax credit lowers that to $25,280. Nissan also announced over 100,000 people on a wait list, with 25,000 units pre-sold prior to Dec 2010 launch.
According to a New York Times article, Nissan & Renault CEO Carlso Ghosn stated, "Building cars powered by alternative fuels but that still use oil is unsustainable. I want a pure electric car. I don't want a range extender. I don't want another hybrid," Mr. Ghosn told reporters after a ceremony to dedicate Nissan's new North American headquarters. "It's not going to be zero emissions in certain conditions. It's going to be zero emissions."
The Zotye Electric SUV Vehicle has: A/C & 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. Info: (www.zotyeglobal.com).
About Green Automotive Company Inc:
Green Automotive Company is an import/distributor of Electric Cars/SUV's to North America. For more information visit: www.usaelectricauto.com
The Green Automotive Company, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7440
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Safe Harbor Statement - This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual or future results may differ materially from those anticipated depending on a variety of factors, including continued maintenance of favorable license arrangements, success of market research identifying new product opportunities, successful introduction of new products, continued product innovation, sales and earnings growth, ability to attract and retain key personnel, and general economic conditions affecting consumer spending. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Green Automotive Company Inc., does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.