ECOtality Inc. (ETLY.OB) to Establish Joint Venture with Shenzhen Goch, Poised to Capitalize on Growing Electric Vehicle Market
ECOtality Inc. moves through innovation, acquisitions and strategic partnerships to maintain its position as a leader in clean electric transportation and storage technologies. The company has focused on the electric vehicle (EV) market since the 1990s, which is expected to grow to nearly $2 billion in the next six years. The company today announced it has signed a letter of intent to enter into a joint venture with Shenzhen Goch Investment Ltd., a China-based investment holding company focused on high-tech, financial services and commercial property development. The joint venture is in line with ECOtality’s business plan and will provide $15…