GreenTech Automotive explained

GreenTech Automotive
Industry:	Automotive
Fate:	Bankrupted
Predecessors:	-->
Successors:	-->
Founded:	2009
Founder:	Charles Wang
Defunct:	2018
Hq Location City:	Tunica County, Mississippi
Hq Location Country:	United States
Areas Served:	-->
Products:	GTA Mycar
Parent:	WM Industries Corp.

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.

History

GTA was founded in 2009 by Charles Wang. 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

• GTA Mycar, a 2-door, 2-seater Neighborhood Electric Vehicle designed in 2003 by Giorgetto Giugiaro, and developed by EuAuto Technology

Notes and References

1. Web site: Destino's VL Automotive merges with GreenTech Automotive. Autoblog. 6 June 2015. 6 May 2014. Sebastian. Blanco.
2. Web site: GreenTech Scatters New Seeds. New York Times. 28 May 2015. 16 May 2014. Jim. Motavalli. limited.
3. Web site: GreenTech shutters its doors, closes its Mississippi factory. Edelstein . Stephen . 19 January 2017 . Green Car Reports . 13 June 2024.
4. Web site: GreenTech files for bankruptcy . Oliver . Ned . Richmond Times-Dispatch . 27 February 2018 . limited.
5. News: GreenTech Automotive Files for Bankruptcy. Yerak. Becky. 28 February 2018. Wall Street Journal. 2020-02-06. en-US. 0099-9660.