HORN LAKE, MS – GreenTech Automotive (GTA) unveiled its MyCar, a two-seat all-electric vehicle that produces zero emissions and provides a range of up to 115 miles, last month in Mississippi. The vehicle can be recharged via a 110V wall outlet, a 220V wall outlet, or a fast-charging system with re-charge times ranging between three to 12 hours, depending on the charging system used.

GreenTech Automotive purchased Hong Kong-based EuAuto in 2010 and relocated the company’s operations and manufacturing to the United States. The company leased a shuttered factory in Horn Lake, where workers are now producing vehicles during the construction of its permanent 300,000-square-foot facility in Tunica, Miss.

As of July 2012, GTA had more than 840 employees enterprise-wide, and the company is on track to employ more than 900 people by the end of 2012, according to GTA.

The MyCar will start with an expected base price of $15,500. Future models, including the MyCar EV planned for early 2014, will also be competitively priced. GTA’s commitment to affordable alternative energy solutions earned the praise of former President Bill Clinton, who attended the Mississippi unveiling.

“MyCar is just the beginning of GTA’s efforts to produce a wide range of environmentally friendly, energy-efficient, affordable vehicles,” said Charles Wang, CEO of GreenTech. “Many electric carmakers have tried to force electric vehicle technology into the existing transportation paradigm, which invariably results in vehicles that are environmentally friendly but prohibitively expensive. GreenTech has broken the mold by adopting the revolutionary strategy of creating an affordable electric car that will reshape how Americans think about meeting our daily transportation needs.”

MyCar is designed as a solution for corporations, government entities, rental car fleets, and corporate and college campuses, in addition to individual transportation use such as commuting and daily errands. MyCar is expected to evolve into other vehicle models, including a micro pickup and delivery vehicle, beginning in 2013. GTA also plans to manufacture a larger MyCar EV beginning in 2014.

In the European Union, MyCar has a top speed of up to 45 miles per hour. In the U.S., MyCar has a top-speed of 25 miles per hour due to regulatory restrictions, classifying it as a Neighborhood Electric Vehicle (NEV). MyCar meets and exceeds all safety standards for its vehicle class, according to GTA.