Honduras will assemble electric vehicles

Green4U will as of 2019 assemble electric vehicles in Honduras’ eastern Cortes Department, which includes the country’s biggest port.

The United States-based company will assemble small sedans, pick-ups and vans, as part of an emphasis on fleets – including taxis and commercial vehicles - which may be underserved by conventional producers of electric transport platforms.

Green4U, which will invest $20 million over the next five years in the facility, is a developer of lightweight motors, powertrains and chassis, as well as battery and charge monitoring technologies.

The company started operations in 1997 as DeltaWing Technology Group, with a focus on motorsports and technology, including the 1998 Panoz Esperante Q9 GTR-1, one of the first racing cars to use an electric-gasoline hybrid motor.

The founder of DeltaWing, Don Panoz, is chairman of Green4U.