Zenn Stuck In Neutral, Awaits Electric Car Battery
Posted Sep 23 2009 10:15pm
Zenn Motor Co says it is on the verge of a battery breakthrough that could drive the tiny Canadian company into the automotive big leagues, but not as a maker of electric cars.
Zenn now makes low-speed electric vehicles, but in an apparent shift in strategy, Zenn Chief Executive Ian Clifford said on Tuesday the company no longer plans to distribute or sell its own highway-capable electric vehicle, partly due to an increasingly competitive market.
“The way things have really changed over the last year — there have been such dramatic shifts and focus on electric vehicles — it doesn’t make a lot of business sense for us to go into the distribution and sale of the vehicle,” he said.
Zenn Motor Co says it is on the verge of a battery breakthrough that could drive the tiny Canadian company into the automotive big leagues, but not as a maker of electric cars.
Zenn now makes low-speed electric vehicles, but in an apparent shift in strategy, Zenn Chief Executive Ian Clifford said on Tuesday the company no longer plans to distribute or sell its own highway-capable electric vehicle, partly due to an increasingly competitive market.
“The way things have really changed over the last year — there have been such dramatic shifts and focus on electric vehicles — it doesn’t make a lot of business sense for us to go into the distribution and sale of the vehicle,” he said.
Read More: http://planetark.org/wen/54782