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Archive for May, 2010

GreenTech news leads off the week

May 24th, 2010 2 comments

Since Charles Wang announced plans last fall to build a hybrid vehicle manufacturing facility in Tunica County, not much has happened, and even less has been heard.

The state’s economic development officials, from the county level all the way up to Gov. Haley Barbour, repeat variations of a theme whenever they’re asked about GreenTech, Wang’s company: The state is waiting for the company to raise capital. Until then, there’s just not much to talk about.

Well, now there is something to talk about, and I’m going to be taking a look at it for a story in next week’s MBJ.

GreenTech has acquired EuAuto, a Hong-Kong based company that designs and builds what are called “NEVs,” or neighborhood electric vehicles. Check out the small story we had about it on our website here.

In a statement, GreenTech Chairman Terry McAuliffe, former head of the Democratic National Committee and failed candidate for governor of Virginia, mentions Mississippi — but not Tunica specifically — as one of GreenTech’s target areas for green job creation. But McAuliffe doesn’t provide any insight into how this acquisition will affect the plans for Tunica. He also doesn’t explain what exactly a NEV, which sounds an awful lot like a golf cart, is. We’ll try to find out answers to those questions and more.