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Victory Lane for LMCO as Shares Jump 20% on Heavy Volume 0tw

Li-ion Motors Corp. (OTCBB: LMCO.OB) gets a traders update from TheCapitalReport.com suggesting a recent trend upward and a possible breakout… Shares follow suit by jumping 20% to $1.50 per share on very heavy volume of about 400,000 shares, more than double its average daily volume. LMCO also recently announced that it won the last on-track challenge, the Combined Performance and the Efficiency Test, in the Progressive Automotive X-Prize event held at the Michigan International Speedway.

LMCO topped the leader board for their division in the first week of the finals for the Progressive Automotive X-Prize with an average MPGe of 171.4 for the average of city, urban and highway cycles.

Team Li-ion followed that with a win on Tuesday for the second week of the finals in the combined performance and efficiency 100 mile race, beating out a supercar built by Team Raceabout from Finland by .17 of a second. Team leader Ron Cerven stated, “We are very proud to represent the USA in finishing first in this event. Team Li-ion was also the only U.S. team to finish the event.”

With the completion of all on track portions finalist cars now advance to laboratory validation of mileage demonstrated at the Michigan Speedway. Once validated, this win sets Li-ion Motors up for the overall win in the alternative side by side class, representing the USA and a purse of $2.5 million.

Li-ion Motors Corp. is an electric vehicle manufacture, producing lithium-powered vehicles including electric mopeds, sports vehicles, and electric motorcycles in addition to the electric cars.

TheCapitalReport.com is an online financial destination where money managers, analysts, and individual investors can converge to discover new and exciting investment news, opportunities, and ideas. TheCapitalReport.com is focused on finding emerging growth companies that do not necessarily have widespread analyst coverage on Wall Street.

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