New huge lithium pick is Li-ion Motors (LMCO), currently $1.42. LMCO is a development stage electric vehicle manufacturer, producing lithium-powered vehicles including electric mopeds, sports vehicles, and electric motorcycles in addition to electric cars.
LMCO opened a fully owned subsidiary in India on May 14, 2008 to create greater in-house capabilities for R&D and to tap the vast knowledge pool of engineers in India.
At the Detroit Auto Show from Jan 16-24 2010, LMCO displayed to the world the groundbreaking developments of their emissions free vehicles. LMCO feels their breakthrough will help change the way the world looks at the automobile and its construction today.
Just the other day LMCO was on the CBS affiliate WBTV in a story called, "Cover Story: Racing - going green?"
Here is a part from the article: "I believe racing can go green." Ron Cerven of Li-ion Motors of Mooresville (that's Li-ion short lithium ion) showed us their wave car than can go 90 miles an hour, and they built a battery powered race car that tops out at 160.
To read the full article go to: http://www.wbtv.com/Global/story.asp?S=12352412
LMCO recently advanced in the Progressive Insurance Automotive X-Prize. The X-Prize scorecard gives pass or fail on four essential performance areas and LMCO passed all four tests! One of the tests was an accumulated mileage of 100 miles showing the car has been driven and continues to drive up to expectations.
Read this Automotive Magazine article that just came out yesterday: http://rumors.automobilemag.com/6671340/green/automotive-x-prize-testing-begins-at-michigan-international-speedway/index.html
It talks about how teams are beginning to arrive at the Michigan International Speedway to begin official testing! From what I understand, on stage track testing will begin on May 2nd! Imagine the huge exposure LMCO could potentially receive at this event next week!
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