GreenTech Automotive Hires Auto Industry Veteran Richard Xiaoyun Li as Senior Vice President of China Operations

GreenTech Automotive Hires Auto Industry Veteran Richard Xiaoyun Li as Senior
                      Vice President of China Operations

Industry veteran brings vast experience in corporate strategic development and
business expansion

PR Newswire

MCLEAN, Va., Feb. 11, 2014

MCLEAN, Va., Feb. 11, 2014 /PRNewswire/ --GreenTech Automotive (GTA), a U.S.
automotive manufacturer dedicated to developing and producing environmentally
friendly, energy-efficient vehicles, announced today that Richard Xiaoyun Li
has joined the company as senior vice president. GTA also announced that it
will establish a subsidiary in China and Mr. Li will also hold the position of
Executive Vice President of the company's future subsidiary in China.

"Mr. Li brings extensive experience from one of the most important automobile
markets in the world," said Charles Wang, president and CEO of GTA. "Energy
efficient vehicle development is thriving in China, and Mr. Li has been at the
forefront of the industry. He has been a key player in the development of
China's automobile industry, and we are excited to have him on board at GTA."

Mr. Li joined GTA after more than a decade at Zhejiang Geely Holding Group, a
global Fortune 500 company where Mr. Li was involved in the development,
engineering, manufacturing, marketing and sales of passenger vehicles in
China. While at Geely, Mr. Li successfully led the company's high-profile
acquisition of Volvo in 2010, the acquisition of Shanghai Jmstar Company in
2001, and a series of cooperative efforts between Geely and Brilliance China
Automobile and Hainan Mazda Motor. He was also instrumental in establishing
Shangdong Jinan Geely EC8 Factory, Jining Transmission Co., Daqing Volvo
Automotive Manufacturing Co., Ltd., Zhangjakou Volvo Engine Manufacturing
Plant and the Chengdu Volvo Automotive Manufacturing Co., Ltd.

"I believe strongly that GTA's innovative technology and business plan have
put the company in a strong position for the Chinese market, said Li.
"Electric vehicles are the future of the industry, and GTA is at the forefront
of that technology." 

Mr. Li received an EMBA from Tsinghua University School of Economics and
Management in Beijing and a Bachelor of Science in Business Management from
the China University of Geosciences.

About GreenTech Automotive:
GreenTech Automotive (GTA) is a U.S.-based automotive manufacturer dedicated
to developing and producing environmentally friendly, energy-efficient
vehicles. GTA's core values encompass green technology, affordability and U.S.
job creation. GTA's first vehicle is MyCar, a two-seat electric vehicle with a
range of up to 115 miles. GTA operates a pilot manufacturing facility in Horn
Lake, Mississippi, and is developing a manufacturing facility with annual
production capacity of 30,000 vehicles in Tunica, Mississippi. For more
information, visit www.greentechforamerica.com or connect on Twitter @wmgta.

SOURCE GreenTech Automotive

Website: http://www.greentechforamerica.com
Contact: Sean Mccabe 703 969 7975, mccabe@pinkstongroup.com
 
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