Mooresville, NC – (Alt-EnergyStocks May 25, 2011) - Li-ion Motors Corp (OTCBB: LMCO), as a result of their winning $2.5 million in the Progressive Insurance 2010 X-Prize competition for their entry, the WAVE II, an all electric high speed long range car featuring the latest lithium-ion battery technology, is enjoying increased media coverage of for the company Li-ion Motors Corp. and their all-electric supercar, the Inizio. The Inizio is capable of 170 MPH with acceleration from 0-60 MPH in 3.4 seconds with zero emissions. The car sports a 114 inch wheel-base and 78 inch wide footprint. Road tests indicate the Inizio is surprisingly stable at high speeds.
The Wave II is Li-on Motors two seat, all electric, zero emission commuter car boasting an impressive 202.5 MPGe (miles per gallon equivalent), as rated by the Argonne National Lab (US Department of Energy). Both the WAVE II and Inizio are in the process of DOT Certification and, upon completion, will be released to the public. Currently the company is expecting to receive certification by the end of this year.
With the Inizio and the Wave II, Li-on has two important markets covered, the commuter segment and the "I have a ton of money and love exciting, state of the art cars" market as well. Paul A. Eisenstein, Publisher of the detroitbureau.com with 30+ years of experience covering the auto industry for a broad range of print, broadcast and electronic media, and one of the pioneers of Internet publishing covered the Li-on Inizio in an article in his website, The Detroit Bureau. You can download the article here.
Li-ion is not new to electric cars. Formed in 2000, the company is a pioneer in the advanced development of Lithium Ion battery technology and with over a decade of research and development, Li-ion has been converting internal combustion cars to all electric all along and is poised for significant growth moving forward.
Li-ion has converted PT Cruisers, Mini Coopers, Toyota Yaris’, Pontiac Vibes, trucks, and motorcycles. The company’s customer base extends to other countries including Canada, the Netherlands, and the United Arab Emirates.
Along with the production of original vehicles, the company licenses its proprietary Battery Management System (BMS) and technology to automobile manufactures seeking to advance their electric vehicle offerings. Lion Motors Corp is headquartered in Mooresville, NC with corporate offices in Las Vegas.