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May 16, 2014

ELECTRIC TRUCK MAKERS * USA: Smith Electric´s

* Kansas - Electric truck maker Smith Electric attracts $42 million investment, plans to reopen plant

Kansas City,KS,USA -The Kansas City Star, by STEVE EVERLY -May 12, 2014: -- Sinopoly Battery Ltd., a Hong Kong battery producer, has agreed to invest $42 million in Smith Electric Vehicles Corp. and take an equity stake in the struggling electric truck manufacturer... Production at Smith’s factory near Kansas City International Airport was halted near the end of last year because of what the company said were efforts to incorporate cost-saving changes. The plant is expected to resume business around midyear, the company said...

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