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Electrical automobile maker Envirotech Autos Inc. of Corona, California, introduced Thursday that it plans to open its first U.S.-based, state-of-the-art manufacturing facility in Arkansas.
The corporate mentioned it has entered into a purchase order settlement for a facility and expects to start operations in the course of the first quarter of this yr. Envirotech didn’t disclose the placement of the ability.
A proper announcement with extra particulars is deliberate for Tuesday.
CEO Phillip Oldridge mentioned in a information launch {that a} longstanding purpose of the corporate has been to fabricate its automobiles within the U.S.
“Not solely does Arkansas present us with a strong enterprise local weather and extremely succesful workforce, however the facility’s proximity to all types of transportation can also be well-suited for the environment friendly transport of our electrical vans and vans,” he mentioned.
The corporate touts a customer-ready product line of automobiles, programs and inexperienced expertise that serves last-mile fleets, faculty districts, private and non-private transportation service corporations and faculties and universities. Its merchandise embrace electrical city vans, electrical logistics vans and electrical cutaway vans.
State Secretary of Commerce Mike Preston mentioned the state’s “continued deal with lowering the tax burden” for companies helped appeal to Envirotech.
“Electrical automobile demand will solely proceed to develop and I’m delighted that Arkansas is continuous to realize a foothold available in the market,” he mentioned within the launch.
Envirotech is publicly traded on the OTCQX, the highest tier of the three marketplaces for over-the-counter shares. Gross sales for its most up-to-date quarter, the third quarter of final yr, totaled $709,000. The corporate sold eight vehicles during the quarter however recorded no gross sales for a similar quarter of 2020. As well as, Envirotech widened its quarterly internet loss to $850,000 from $71,000 within the third quarter of 2020.
The corporate is the second electric vehicle maker with plans to arrange store in Arkansas. In November, Canoo Inc. introduced it will transfer its headquarters to northwest Arkansas and make use of 500 individuals in Benton and Washington counties. Canoo CEO Tony Aquila mentioned he was drawn to the region by its “ecosystem of innovation, infrastructure and schooling excellence.”
State officers have mentioned the growing steel industry in northeast Arkansas is another lure for automakers.
That is additionally not Envirotech’s first dealings in Arkansas. In November, the company announced that it had delivered one van and one truck to Shine Photo voltaic LLC of Rogers. Envirotech additionally entered right into a manufacturing unit licensed consultant settlement with Shine Photo voltaic in August; that settlement allowed Shine Photo voltaic to advertise, promote and repair Envirotech merchandise all through the nation.
