Li-ion Motors Corp. (OTCBB: LMCO) was incorporated in Nevada April 2000. We are a technology company focusing our resources and efforts on the development, manufacturing and marketing of high speed lithium-powered vehicles.
Since 2003, the company has worked diligently to develop their patented state-of-the-art Battery Management System (BMS) and has done so independently without any financial assistance from government funding, corporate sponsorships, or joint ventures.
During the Progressive Insurance Automotive X PRIZE Knockout Stage, Li-ion's WAVE II achieved impressive results with a 191MPGe on the highway run.
Li-ion Motors Corp continues to improve their vehicles' performance with enhancements to their proprietary BMS and increase efficiency by an additional 10 to 20%. As with their consistent progression in past efforts, the company's goal is to always remain ahead of the competition, now and in the future, with the development of an all electric affordable transportation for the next generation.
With recent environmental catastrophes including the BP oil spill, Li-ion Motors' immediately intends to license their technology to any automotive manufacturers worldwide. The United States will lead the world in accelerating ecology benefits by sharing this American technology. The company's intentions of accelerating the licensing to manufactures globally will result in improved carbon footprints worldwide.
Automotive manufacturing giants, like Nissan and GM, have spent tens of millions of dollars on EV innovations and will still have to fine tune their technology before making it available to the public. For other manufacturers, licensing Li-ion's technology, will save them the millions of dollars, eliminate years of research and development, and will result in a state-of-the-art, fully functional, tested and proven prototype within four months of licensing.
Progressive Automotive X-Prize
We are pleased to announce that Li-ion Motors' WAVE II won the Progressive Automotive X-Prize for the Alternative Side By Side class. The winner was announced and awarded $2.5M at a formal ceremony in Washington D.C. on September 16, 2010.
Li-ion Motors unveils our new all electric super car –"The Inizio" in July 2011.