Business
Envirotech Vehicles Announces Osceola, Arkansas as Site of its State-of-the-Art Manufacturing Facility
CORONA, CA / ACCESSWIRE / February 22, 2022 / Envirotech Vehicles, Inc. (OTCQX:EVTV), a provider of new zero-emission, purpose-built electric vehicles (the
About this update from Envirotech Vehicles, Inc.
[{"type":"text","content":"CORONA, CA / ACCESSWIRE / February 22, 2022 / Envirotech Vehicles, Inc. (OTCQX:EVTV), a provider of new zero-emission, purpose-built electric vehicles (the \"Company\"), has announced Osceola, Arkansas as the site of its previously announced state-of-the-art manufacturing facility. The Company has purchased an approximately 580,000 square foot facility, located at 1425 Ohlendorf Road, and hiring for the facility will commence immediately. The manufacturing facility is expected to create more than 800 jobs as well as additional indirect jobs in Mississippi County.Phillip Oldridge, CEO of Envirotech Vehicles, commented, \"We are thrilled to announce that we have chosen Osceola as the home of our first U.S.-based manufacturing facility, backed with the support of the Great River Economic Development Foundation and the state of Arkansas. We are confident that Osceola has the perfect business climate and local workforce to allow us to see growth and success in the region as the state's first commercial electric vehicle manufacturer. This, and the plant's location near the Mississippi River with access to the port of Osceola, will be vital as we position EVT to bring new innovation and technology advancements to the state.\"Envirotech Vehicles purchased the facility from the city of Osceola and intends to initially utilize the plant to handle the final outfitting and shipment of its imported vehicles while simultaneously converting the plant into a full manufacturing operation. The total cost of the project is an estimated investment of more than $80 million within five years, which includes the cost of the building, equipment and other costs.When asked about the impact Envirotech Vehicles will have on sustainable manufacturing in the state, David B. Burritt, U. S. Steel President and Chief Executive Officer said, \"As the only LEED certified steel mill in America, U. S. Steel's Big River Steel enthusiastically welcomes Envirotech Vehicles to Arkansas. With forward thinking enterprises such as EVTV, Arkansas is becoming a center for advanced, sustainable manufacturing in the United States. We are pleased to be partnering with Envirotech Vehicles in producing a future that is Best for All.\"Clif Chitwood, President of the Great River Economic Development Foundation commented, \"We have been intently focused on diversifying the economic...