SOURCE: Li-ion Motors Corp.

November 19, 2010 13:04 ET

Li-Ion Motors Corp. (OTCBB: LMCO) (FRANKFURT: LL9L) HauteLiving Magazine Calls Inizio "America's First and Only 100% Homegrown Battery-Powered Supercar" at the LA Auto Show

LAS VEGAS, NV--(Marketwire - November 19, 2010) - Li-Ion Motors Corp. (OTCBB: LMCO) (FRANKFURT: LL9L), winner of the Progressive Automotive X Prize and the industry leader in all-electric, high-speed vehicles, is pleased to announce the showing of the INIZIO, the world's first all American-made, fully-electric, emission-free "supercar" and the X Prize winning WAVE II at the Los Angeles Auto Show November 19, 2010 through November 28, 2010.

HauteLiving magazine wrote an article on Nov. 18th. Click here to view it:

Unlike other supercars which are manufactured overseas, the INIZIO is the first all-American made supercar, designed, engineered and assembled at Li-Ion's manufacturing facility in Mooresville, North Carolina. Engineered with Li-Ion Motors' lithium-ion battery technology and management system, the INIZIO is a full-sized super car with a range of up to 250 miles (321km) to satisfy every day driving needs, and a top-speed of 170 mph (272 km/hour) to thrill the avid sports car enthusiast.

"We are so excited to unveil the INIZIO," said Stacey Fling, President & CEO of Li-Ion Motors. "This vehicle is the culmination of many years of research and development. The positive reaction and praise we've received from our industry colleagues and the press has been overwhelming and a validation of the work we've been doing to get to this point." Fling adds, "We're looking forward to the next step of introducing the INIZIO to consumers at the upcoming LA Auto Show in Los Angeles, November 19th through 28th, and to finally getting this car on the road where it belongs." Innovative, inspiring, and intelligent, INIZIO is slated for launch mid-2011 and will be priced starting at US$139,000. For more information, visit

This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ.

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