NEWPORT BEACH, Calif.--(BUSINESS WIRE)-- Green Automotive Company Corporation (OTC:GACR.ob - News) announced today that it is planning to open a vehicle assessment center in Shanghai, China.
"The Shanghai vehicle evaluation facility will be managed by the Company's subsidiary, GAC Automotive Services, and will be opened under the name ‘GAC Vehicle Assessment Center,'" said Fred Luke, Green Automotive President. "Our intention here is to provide Chinese vehicle manufacturers with a local facility, similar to those here in the U.S., which we and other U.S. vehicle importers and distributors currently utilize in the process of evaluating and testing vehicles for compliance with U.S. Department of Transportation and Federal Motor Vehicle Safety Standards prior to entering the U.S. market."
"The Company's investment in a vehicle assessment and development center based in Shanghai," said Company Director Ben Rainwater, "will increase our presence while making an important statement to the Chinese vehicle manufacturers that we have been in contact with and are already in the process of assessing several of their vehicles. In addition to strengthening our Company's presence in China, this strategic move allows us to deliver additional services at a more efficient cost, which in turn will facilitate the development of relationships with China's major automobile manufacturers including JAC, Brilliance, Great Wall and others."
In addition to the Company's personnel, Mr. Luke indicated that GAC Automotive Services will continue to work with top U.S.-based engineering companies on a contractual basis to provide the technical services required for the assessment of vehicles, assist with importation, and utilize relationships with U.S. Dealers to assist in sales and marketing of those vehicles which meet U.S. standards.