CT&T Still Looking For Plant Sites

Korean neighborhood electric vehicle manufacturer CT&T is still looking for plant sites in the Pittsburgh and Philadelphia areas.  The company plans to open 30 to 40 sales and assembly locations throughout the US eventually but has not yet broken ground on the first one.  Previously the company had announced orders for 4,000 of their vehicles for California police departments and another 27,000 bound for the US in the short term. Learn more:  PittsburghLive.com

Comment: It remains to be seen if these various plans and vehicle sales come to fruition.  I recently checked the SEC filings of T3 Motion, the exclusive distributor for CT&T vehicles for the security market segment, and their most recent quarterly findings indicated no significant revenue from CT&T vehicles.  I followed up with a phone call to T3 Motion’s CEO and founder Ki Nam.  He confirmed that there have been no significant vehicle sales and that they have received only a small number of vehicles.  They are currently working with CT&T to make some vehicle modifications to better meet the needs of the security market customer. – Marc Cesare

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