GreenTech Automotive

Last updated
GreenTech Automotive
Industry Automotive
Founded2009
FounderCharles Wang
Defunct2018
Headquarters,
United States
ProductsGTA Mycar
Parent WM Industries Corp.
Website www.gtaev.com

GreenTech Automotive (GTA) was a U.S.-based automotive manufacturer dedicated to developing and producing 100% electric vehicles. It was a subsidiary of WM Industries Corp.

Contents

History

GTA was founded in 2009 by Charles Wang.[ citation needed ] In May 2010, GTA acquired Hong Kong based EuAuto Technology and its Mycar vehicle, and relocated the company's operations and manufacturing to the United States. GTA's first manufacturing facility was temporarily in Horn Lake, Mississippi.

The company merged with VL Automotive in 2014, [1] developing a traditionally powered version of the Fisker Karma, [2] called the WM Destino.

In September 2014, GTA completed construction on a new production facility in Tunica County, Mississippi. This was shut down in January 2017. [3]

The company declared bankruptcy in February 2018. [4] [5]

Products

Related Research Articles

Think Global was an electric car company located in Bærum, Norway, which manufactured cars under the TH!NK brand. Production of the Think City was stopped in March 2011 and the company filed for bankruptcy on June 22, 2011, for the fourth time in 20 years. The company was bought soon after by Electric Mobility Solutions AS and production ceased in August 2012 with no more announcements regarding future production. As of October 2010, a total of 2,500 units had been manufactured at Oslo-based TH!NK’s production facility.

<span class="mw-page-title-main">Magna International</span> Canadian automotive supplier

Magna International Inc. is a Canadian parts manufacturer for automakers. It is one of the largest companies in Canada and was recognized on the 2020 Forbes Global 2000. The company is the largest automobile parts manufacturer in North America by sales of original equipment parts, it has ranked consistently in the Fortune Global 500 list for 20 years in a row since 2001. It produces automotive systems, assemblies, modules, and components, which are supplied to General Motors, Ford Motor Company and FCA, as well as BMW, Mercedes, Volkswagen, Toyota, Tesla, and Tata Motors, among others.

<span class="mw-page-title-main">Lear Corporation</span>

Lear Corporation is an American company that manufactures automotive seating and automotive electrical systems. In 2019, it ranked #147 and in 2018, it ranked #148 on the Fortune 500 list.

<span class="mw-page-title-main">A123 Systems</span>

A123 Systems, LLC, a subsidiary of the Chinese Wanxiang Group Holdings, is a developer and manufacturer of lithium iron phosphate batteries and energy storage systems.

<span class="mw-page-title-main">Henrik Fisker</span> Danish automobile designer

Henrik Fisker is a Danish automotive designer and entrepreneur based in Los Angeles, California. He is best known for designing luxury cars including the BMW Z8, Aston Martin DB9, Aston Martin V8 Vantage, Fisker Karma, Galpin-Fisker Mustang Rocket, VLF Force 1 V10, VLF Destino V8, Fisker EMotion, Fisker Ocean, and Fisker Orbit. He also designed the Viking motorcycle and Benetti Fisker 50 superyacht, and is involved in the design of flexible solid-state battery technology. He is the founder of HF Design, co-founded VLF Automotive, founder and former CEO of Fisker Coachbuild, founder of Fisker Automotive, where he served as chairman and CEO until March 2013, and currently is the founder, chairman, and CEO of Fisker Inc.

<span class="mw-page-title-main">Fisker Automotive</span> Defunct American motor vehicle manufacturer

Fisker Automotive was an American company known for producing the Fisker Karma, which was one of the world's first production luxury plug-in hybrid electric vehicles. It debuted at the 2008 North American International Auto Show, and first deliveries were in 2011. Production of the Fisker Karma was suspended in November 2012 due to bankruptcy of its battery supplier A123 Systems, with about 2,450 Karmas built since 2011 and over 2,000 cars sold worldwide. In February 2014, Fisker Automotive's Karma vehicle design, tooling and a manufacturing facility in Delaware were purchased by Chinese auto parts conglomerate Wanxiang Group. In 2016. Wanxiang would rename the holding company for the assets of Fisker Automotive to Karma Automotive. Henrik Fisker, the founder, former chairman, former CEO, of Fisker Automotive, retained the Fisker trademark and the Fisker logo, and launched a new, separate company called Fisker Inc.

<span class="mw-page-title-main">Fisker Karma</span> Motor vehicle

The Fisker Karma is a luxury plug-in range-extended electric sports sedan produced by Fisker Automotive in 2012. The cars were manufactured at Valmet Automotive in Finland.

<span class="mw-page-title-main">Advanced Technology Vehicles Manufacturing Loan Program</span>

Advanced Technology Vehicles Manufacturing (ATVM) Loan Program is a $25 billion direct loan program funded by Congress in fall 2008 to provide debt capital to the U.S. automotive industry for the purpose of funding projects that help vehicles manufactured in the U.S. meet higher mileage requirements and lessen U.S. dependence on foreign oil. Of the 108 requests made, 5 were approved to receive $8.4 billion, with the majority of that amount under repayment.

<span class="mw-page-title-main">Coda Automotive</span> Former American Electric Vehicle Manufacturer

CODA Automotive Inc. was a privately held American company headquartered in Los Angeles, California. The company designed and assembled lithium-iron phosphate (LiFePO4) battery systems for automotive and power storage utility applications, and electric cars. Miles Automotive partnered with Hafei and Qingyuan Electric Vehicle to establish Coda Automotive as an affiliate company. The name CODA comes from the musical term for the concluding passage of a piece of music. CODA Automotive has said that it chose the name because its electric vehicle technology represents an end for combustion engine vehicles, and the start of the electric vehicle era.

<span class="mw-page-title-main">GTA MyCar</span> Motor vehicle

The GTA MyCar is an electric vehicle originally produced by EuAuto Technology Limited based in Hong Kong, and from 2010 by GreenTech Automotive when it acquired EuAuto. The company had its manufacturing facility in Dongguan, China. The MyCar is classified as a NEV in the United States due to its low top speed. Manufacturing ended in 2017 and the company folded in 2018.

EuAuto Technology Limited was a company in Hong Kong that developed the MyCar electric automobile. The company "specializes in design, develop, manufacture and sales of environmentally friendly vehicles for global markets." Sinling Chung was the company's chief executive. On 24 May 2010, GreenTech Automotive (GTA) acquired EuAuto Technology.

<span class="mw-page-title-main">Coda (electric car)</span> Four-door, four passenger electric car manufactured by Coda Automotive

The Coda is a four-door, four passenger electric car once manufactured by Coda Automotive. After being rescheduled several times, deliveries to retail customers in the United States began in March 2012. The car was sold exclusively in California and only 117 units were delivered by April 2013.

<span class="mw-page-title-main">VLF Automotive</span> American automotive company

VLF Automotive is a small American-based automotive company formed in January 2016. It was founded as VL Automotive in 2012 by Bob Lutz and Gilbert Villarreal, then renamed after Henrik Fisker joined the company.

The VLF Destino is a proposed automobile from American car company VLF Automotive. The Destino is a large four-door sedan and was first shown to the public at the North American International Auto Show in January 2013 as the VL Destino, and subsequently the WM Destino, before being named VLF Destino in January 2016. Sales were expected to commence in 2014, but the expected start of sales was later pushed back to 2016.

<span class="mw-page-title-main">Karma Automotive</span> Automaker owned by Wanxiang Group and based in Costa Mesa, California

Karma Automotive is a Chinese-owned American producer of luxury electric vehicles founded in 2014. Headquartered in Irvine, California, United States with an assembly plant located in Moreno Valley, Karma sells vehicles via its dealer network of locations in North America, Europe, South America, and the Middle East.

Fisker Inc. is an American automotive company founded by Henrik Fisker and his wife Geeta Gupta-Fisker. Launched in 2016 and based in Southern California, Fisker Inc. is the successor to Fisker Automotive, which produced the Fisker Karma. Fisker Inc. is developing the Fisker Ocean, an electric sport utility vehicle (SUV) with an estimated range of 300–350 miles (480–560 km), with production expected to begin in late 2022. Until 2021, Fisker was working on the development of solid-state battery technologies that could enable as much as 500 mi (800 km) of range with a 1 minute charge.

Byton was a Chinese-German all-electric vehicle automotive brand established in 2017 and incorporated in Hong Kong, co-founded by former BMW and Nissan executives. Byton unveiled its first concept car to the public in January 2018. It planned to introduce its M-Byte SUV model first, with the start of production and sales scheduled for late 2019, however developmental delays and financial troubles repeatedly pushed back the launch.

The Advanced Propulsion Centre (APC) is a non-profit organization that facilitates funding to UK-based research and development projects developing low-carbon emission powertrain technologies. It is headquartered at the University of Warwick in Coventry, England.

<span class="mw-page-title-main">Weltmeister (marque)</span>

Weltmeister is an electric car brand owned by WM Motor Technology Co Ltd, a Shanghai-based automotive company specialised in the creation of battery electric vehicles (BEV's). In 2017, Weltmeister started a partnership with German specialty automaker and design service provider Isdera to design and produce electric cars, with the 2018 Isdera Commendatore GT being the first vehicle developed as a result of this partnership and was unveiled at the 2018 Beijing Auto Show. It launched its first production car, the EX5 in May 2018 at the Beijing Auto Show, with deliveries starting in September 2018. WM investors include Chinese technology companies Baidu and Tencent. Weltmeister vehicles are manufactured at WM Motor's self owned and operated manufacturing facility in Wenzhou, Zhejiang Province, which has an annual capacity of 100,000 units. WM Motor also maintains R&D facilities in China, Germany and the USA.

Omega Seiki Mobility is an Indian electric vehicle manufacturer that is developing its own line of commercial EVs primarily deployed with e-commerce for last-mile delivery. Headquartered in New Delhi, India, Omega Seiki serves as a separate business auto vertical of the Anglian Omega Group. The company's first vehicle - Rage+, was indigenously designed and developed in its manufacturing facility in Faridabad, Haryana. Launched in February 2020 at the Auto Expo 2020, Rage+ is claimed to be India's first smart electric cargo three-wheeler. Recently, the company also unveiled a refrigerated vehicle - Rage+ Frost that will assist in delivery of food and pharmaceuticals, particularly the COVID-19 vaccine. Going forward, Anglian is looking to invest US$300–600 million in its e-mobility venture as it is committed to build India's first global electric cargo company.

References

  1. "Destino's VL Automotive merges with GreenTech Automotive". Autoblog. 6 May 2014. Retrieved 6 June 2015.
  2. "GreenTech Scatters New Seeds". New York Times. 16 May 2014. Retrieved 28 May 2015.
  3. Edelstein, Stephen (January 19, 2017). "GreenTech shutters its doors..." Green Car Reports.
  4. Oliver, Ned (February 27, 2018). "GreenTech files for bankruptcy". Richmond Times-Dispatch.
  5. Yerak, Becky (2018-02-28). "GreenTech Automotive Files for Bankruptcy". Wall Street Journal. ISSN   0099-9660 . Retrieved 2020-02-06.