Concept Car - Hybrid Kinetic

The proposed site of the production of this car would be within 10 miles of where I own land down in AL. They are said to produce close to 1 million vehicles by 2018. They are to run on naturlal gas or electric and gas motors and get 45mpg. I thought this was really cool and just wanted to share. I'll try and get more pics later.

The first concept vehicle produced by Hybrid Kinetic Motors is pictured in Montgomery, Ala., Tuesday, Jan. 19, 2010. From left: CEO of HK Motors Chuantao Wang, Charles Huang, ViceChairman of HK Motors and Yung Yeung, Chairman of HK Motors.

MONTGOMERY, Ala. -- Hybrid Kinetic Motors Corp. officials said Tuesday the company is on track to raise $1.3 billion this year in an effort to build a mammoth auto assembly plant near Bay Minette.

The news came as the company signed a four-year contract worth 400 million euros (about $570 million) with leading auto design and engineering firm Italdesign-Giugiaro SpA. HK Motors and the design team showed off a concept car that the Italian firm created in 2008 as inspiration for the high-mileage, multi-fuel cars that HK Motors wants to build.

"Our mission is to develop cars with American style, European quality and Japanese price," HK Chairman Yung "Benjamin" Yeung told an audience of about 300 that included many Baldwin County officials and business leaders.

HK Motors has said it plans to invest $4.3 billion in a Baldwin County complex that could eventually employ about 5,800 and produce 1 million vehicles annually by 2018. Company officials said that they plan to break ground before the end of the year, and begin production at 300,000 vehicles a year in early 2013.

HK Motors plans have been greeted with skepticism, considering its unconventional financing, its lack of car-making experience, an unusual engine type and the huge proposed factory. At 1 million cars a year, HK Motors would turn out roughly 7 percent of all the cars projected to be sold each year in the United States in the mid-2010s. Thats about the market share Nissan had last year.

Spokeswoman Lorenza Cappello said the HK Motors contract is the largest ever signed by Italdesign-Giugiaro, which has designed many other famous vehicles. Earlier, HK Motors signed a $250 million contract with German firm FEV for its engines, which are supposed to use natural gas as their primary fuel, but also be able to use electricity or gasoline, getting 45 miles or more to the gallon.

"This is our second-most important contract," Huang said, after the engine pact.