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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

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

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