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Li-ion Motors Corp. (LMCO.OB) to Deliver Flagship All-Electric Vehicles to the Public

Jan. 11, 2011 2:42 PM ET
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Li-ion Motors Corp., manufacturer of emission-free, all electric high speed, long range vehicles using the latest lithium-ion battery technology, announced that it will deliver two 100% electric cars to the public sometime this year.

In the press release, Li-ion Motor’s general manager Tom Zgoda stated the following: “How do you get more than 100 miles per gallon? Well, the first thing is to eliminate the gallon. Hybrid cars like the Prius and Volt are still rooted in a bridge technology still based on oil. Electricity is the real power infrastructure of this country and the world and it will eventually be readily available for car fueling as oil products are today. But nothing will happen unless we make it happen.”

Li-ion Motors’ WAVE II achieved a 202.5 MPGe (MPG Equivalent) score on the dyno at the U.S. Department of Energy’s Argonne National Laboratory and averaged 187 MPGe when combined with on track tests run at Michigan International Speedway. Li-ion Motors will soon accept fully refundable deposits from customers wanting priority status for the first of WAVE II and INIZIO cars to be produced.

The WAVE II, a two passenger vehicle with 28 cubic feet of storage space, has been priced at $39,000 USD. The company is only requesting a deposit of $99 USD, which can be made online at li-ionmotors.com/wave. The INIZIO, the world’s fastest 100% electric supercar with acceleration of 0-60 mph (97 kmph) in 3.4 seconds and top speed of 170 mph (274 kmph), has been priced at $139,000 USD. The fully refundable deposit of $1,000 USD can be made online at li-ionmotors.com/inizio.

“Throughout the X Prize competition and especially after our win, interest in the WAVE and INIZIO has grown dramatically,” stated Stacey Fling, Li-ion Motors’ president and CEO. “We have given all those who have contacted us a first shot for pre-order registration and we are determining our production cap so there will be a limited number left for each vehicle when it goes public.”

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