July 31, 2007 – Vol. 12 No.19

Miles Electric Vehicles Begins Building Dealership Network

The initial group of 30 dealerships has appointed to sell Miles’ advanced all-electric, zero emissions cars and trucks, including its market-leading highway-speed vehicle (HSV), due to hit showrooms in 2008. Among the 30 new car dealerships initially selected to become Miles Electric Vehicle franchisees are the Cardinale Automotive Group (CA), Lloyd Wise Auto Center (CA), MC Electric Vehicles (WA), Motorworks of Long Island (NY) and Alan Vigil Ford of South Atlanta (GA).

Miles Electric plans to build, promote and support a 190-member dealer body for the upcoming Pininfarina-designed HSV sedan due in late 2008.

The HSV is a lithium ion battery-powered car that achieves speeds over 80 mph and travels more than 120 miles on a single charge It will have a MSRP of around $30,000 and an anticipated ’09 model year build of 18,000 units. It’s expected to be the first affordable, mass-produced, all-electric HSV to hit the U.S. market.

Miles’ highway-speed sedan will be complemented with an HSV crossover model in 2009. The company plans to produce 38,000 HSV units in 2010 and approximately 100,000 in 2011.

The company’s current lineup of advanced low-speed (25 mph max.) vehicles include the 4-door hatchback ZX40 and ZX40S, the off-road OR70 and the new ZX40ST work truck.

Miles Electric Vehicles are manufactured in China which the company considers an emerging leader in lithium ion battery technology and electric propulsion drivetrains.(8/1/07)

Links:

Miles Electric Vehicles http://www.mileselectricvehicles.com

Disclaimer, Forward-Looking or Safe Harbor Statement on original press release: No

| Front Page | Events | Archives / Resources | Publications | About / Contact | Subscriptions / RSS | Products / Services | Requests for Proposals / Funding Opportunities |
 

Copyright 1996 - 2007 Green Energy News Inc