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ZENNMotor Company Inc. Ian Clifford, Chief Executive Officer of ZENNMotor Company. ZMC) has decided to switch its business strategy from selling electric vehicles to distributing an electric drivetrain powered by EEStor, once the EEstor EESU units are available. Earlier post.). —Ian ZMC owns approximately 10.7%
Earlier in July, ZENNMotor Company Inc. ZMC) increased its equity investment in energy storage developer, EEStor, Inc. with an additional US $5.0 million investment.
Capitol Hill made for a strange sight earlier this week as it was surrounded by everything from two-seat sports cars to vehicles that resembled golfcarts and bucket trucks. General Motors was among them with the line of Volt cars seen as the future for the company.
In addition to a recent electric car deal with NISSAN Motors ( NSANY ), Portland General Electric, the Oregon state governor and GE have also announced a joint venture with Mitsubishi Motors ( MMTOF.PK ) to develop and sell the Miev electric car with 85 mile range by 2011. By 2011 look for a larger THINK Ox. a subsidiary of Ener1 Inc.
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