SOURCE: Li-ion Motors Corp.

November 12, 2010 14:29 ET

Li-ion Motors Corp. (OTCBB: LMCO) (Frankfurt: LL9L) Rolls Out Highly-Anticipated, All-Electric Supercar at SEMA 2010 in Las Vegas

LAS VEGAS, NV--(Marketwire - November 12, 2010) - North Carolina-based Li-ion Motors Corp. (OTCBB: LMCO), winner of the Progressive Automotive X Prize and the industry leader in all-electric, high-speed vehicles, is pleased to announce the unveiling of the INIZIO: the world's first all American-made, fully-electric, emission-free "supercar."

Click here to view detail press release: http://www.li-ionmotors.com/PR4.php

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 that has 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 car 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 18th through 29th, and to finally getting this sexy 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 www.Li-ionMotors.com.

ABOUT LI-ION MOTORS CORPORATION
Li-ion Motors Corporation (OTCBB: LMCO) (FRANKFURT: LL9L) is a leading innovator in the 21st century design and engineering of emission-free, all-electric, high-speed and long-range automotive propulsion systems using lithium-ion battery technology. In September 2010, Li-ion Motors was recognized as an industry leader in the field of fuel-alternative automotives when it was awarded the Progressive Automotive X-Prize in the Side-by-Side Alternative Class for its all-electric vehicle, the Wave II. Founded in 2000, Li-ion Motors has corporate headquarters in Las Vegas, Nevada, and a research, development and manufacturing facility located in Mooresville, North Carolina. For more information, please visit www.Li-ionMotors.com.

FORWARD LOOKING STATEMENT:
 
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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