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$6.5 billion Chinese hybrid-electric car plant for Mississippi up in the air

Posted on June 25, 2009

Might a $6.5 billion hybrid-electric car factory be coming to Mississippi? Depending on what happens with a lawsuit that has shone light on the previously unknown deal, we think it's a definite maybe. Or maybe not (c'mon, we're bloggers, not soothsayers). Apparently, quiet plans had been afoot to begin building on a 3,500 acre site this year that would have had hybrids rolling off the line as early as 2011. By 2015, it was to be in full production and employing some 25,000 people in the Magnolia state.So what went wrong? According to the civil suit, the CEO and CFO of Hybrid Kinetic Automotive...

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china , chinese , electric , electric car , hybrid , hybrids