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Green Automotive Co. signs deal to distribute all-electric vehicles

The firm will partner with Niyato Industries to convert gas-powered U.S. fleet vehicles to the cleaner energy source.

By Kirsti CorreaPublished: January 20, 2012 07:15 AM

Plans to bring domestically manufactured all-electric vehicles to the market will be underway this year, as Newport Beach-based Green Automotive Co. (GAC), singed a Letter of Intent with Niyato Industries.

Niyato Industries aims to turn Ford Fusion and Escape models into all-electric vehicles, to be sold under the Niyato brand and distributed by GAC. It also hopes to convert 600,000 gas-powered U.S. fleet vehicles to electric in order to meet President Barack Obama’s goals for alternative fuel.

“Niyato is uniquely qualified to help meet this challenge by using their electric vehicle technology and special manufacturing license from the U.S. Department of Transportation,” said Kathi Hanley, COO of Niyato Industries.

By signing a Letter of Intent, GAC will have an exclusive license to distribute vehicles in Washington, Oregon, California, Nevada and Arizona. Additionally, GAC’s location in Orange County is ideal for operating a center to manufacture and distribute vehicles to the Western states.

“I see this venture generating tremendous value for both companies along with a significant number of jobs for American workers,” said GAC President Fred Luke.

Manufacturing is set to begin this July. Niyato aims to meet its conversion to all-electric quota by 2015.

“Niyato is using Ford platforms that have already complied with all of the [Department of Transportation] Federal Motor Vehicle Safety Standards, meaning that the Ford models converted by Niyato to all-electric drive are road ready, which places us in the market that much sooner with a very safe and reliable vehicle,” said Luke.

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