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Monday, May 10, 2010

Publicly Traded Electric Vehicle and Natural Gas Companies Working on a Cleaner Port of Los Angeles

Publicly Traded Electric Vehicle and Natural Gas Companies Working on a Cleaner Port of Los Angeles



BYD Auto (BYD Company: HKG: 1211), Balqon Corporation (OTCBB: BLQN), Westport Innovations Inc. (TSX: WPT/ NASDAQ:WPRT) Showcase Green Auto Technology

Point Roberts WA/ Los Angeles CA- May 10, 2010 - www.InvestorIdeas.com reports on publicly traded electric Vehicle ( EV) and natural gas companies that are participating in the greening of the Port of Los Angeles. Players including BYD Auto (BYD Company: HKG: 1211), Balqon Corporation (OTCBB: BLQN), Westport Innovations Inc. (TSX:WPT; NASDAQ:WPRT) and Vision Industries Corp. (OTCBB: VIIC) all have a stake in the future of the Port, but for the companies involved, it represents just a fraction of their vision for a global green automotive market.

On May 4th the Port of Los Angeles announced plans to become the world’s first port to offer a reduced tariff for zero-emission vehicles imported into the United States through the Port. The reduced-fee incentive proposal was announced Friday, April 30, as Chinese manufacturer BYD Auto Company Limited (BYD) said it will locate its North American headquarters in Los Angeles and use the Port of Los Angeles to import its vehicles.

BYD Auto is a Chinese automobile manufacturer based in Shenzhen, Guangdong Province, China, established in 2003 and is a wholly owned subsidiary of BYD Company, listed on the Hong Kong Exchange (BYD Company: HKG:1211).

Another publicly traded EV company at the Port is Balqon Corporation (OTCBB: BLQN), a company that produces heavy duty electric trucks, tractors and electric drive systems.

As of November, Balqon Corporation (OTCBB: BLQN) had delivered 12 Nautilus E20s to the City of Los Angeles and one Nautilus E20 to the AQMD. All of the Nautilus E20s were delivered during the third quarter of 2009 were equipped with lithium-ion battery packs.
The company anticipates that future sales of the heavy-duty electric vehicles will be made directly to end users, such as large terminal operators, shipping companies and OEMs, rather than directly to governmental agencies such as the AQMD and the City of Los Angeles.

Westport Innovations Inc. (TSX:WPT; NASDAQ:WPRT), a provider of natural gas engines, in its April 2010 investor presentation, updates LNG clean truck program deals with the Port of Los Angeles and the Port of Long Beach. “Despite economic turmoil, over 500 LNG trucks have been deployed to date, the infrastructure is in place and the feedback from the fleets is excellent. “

http://www.westport.com/pdf/2010-04-12_Westport_Securities_Presentation.pdf

According to the Port of Los Angeles, since its commencement on October 1, 2008, the Clean Truck Program (CTP) has delivered an estimated more than 70-percent reduction in the rate of truck emissions compared to 2007 average air emissions data.

On April 5th the Port of Los Angeles announced it awarded Vision Industries Corp. (OTCBB: VIIC), producers of the zero emission electric/hydrogen hybrid Tyrano™ truck, a purchase order for a zero emission Class 8 hybrid electric truck. The cost to purchase the zero emission truck will not exceed $280,000 including sales tax.
Electric vehicle companies and green auto companies that can demonstrate successful deployment are fighting for global market share. Investors are encouraged to perform due diligence in researching and investing in the sector.

Research renewable energy stocks and green automotive stocks with the global green stock directory:
http://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp

Showcase Renewable Energy Stock- Balqon Corporation (OTCBB:BLQN) http://www.balqon.com/
Balqon Corporation is a leading developer of heavy duty electric trucks, tractors and electric drive systems. The Company uses its proprietary flux vector motor technology to design propulsion systems for 10 to 50 ton capacity vehicles and material handling equipment. Balqon Corporation’s current product line of tow tractors are designed to transport containers at ports, marine terminals, rail yards, warehouses, intermodal facilities, military bases and mail facilities.

Recent Media Coverage:

New Trucks Aim To Keep the Docks Humming In Los Angeles

04/06/2010

The Port of Los Angeles and Balqon Corp were showing off their first production XE20 electric, zero-emission yard tractors on Wednesday at an all-day Ride and Drive event at Berth 87. Balqon is getting ready to deliver 20 of the new heavy-duty trucks to a container terminal for a real-world debut.

The port ordered the lithium-ion battery-powered vehicles to be built almost a year ago, along with five XE30 trucks designed for short-haul, on-road drayage. The XE30s will be used to shuttle containers from the port to a near-dock rail yard about five miles north of the harbor.

Full article: http://www.cunninghamreport.com/news_item.php?id=1235

Investors can view the full company profile for Balqon Corporation at:
http://www.investorideas.com/CO/BLQN/

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Balqon Corporation (OTCBB: BLQN) is a featured showcase green stock on our green investor portals:

www.RenewableEnergyStocks.com, www.FuelCellCarNews.com

and www.EnvironmentStocks.com











"Antonio Villaraigosa, Mayor of Los Angeles, tests drives the Balqon Nautilus E30."



About the Port of Los Angeles

The Port of Los Angeles is America’s premier port and has a strong commitment to developing innovative strategic and sustainable operations that benefit the economy as well as the quality of life for the region and the nation it serves. As the leading seaport in North America in terms of shipping container volume and cargo value, the Port generates 919,000 regional jobs and $39.1 billion in annual wages and tax revenues. A proprietary department of the City of Los Angeles, the Port is self-supporting and does not receive taxpayer dollars. The Port of Los Angeles – A cleaner port. A brighter future. For more information, please visit www.portoflosangeles.org.



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Disclosure: Investorideas.com president, D Van Zant is long Westport Innovations .



For Additional Information:

Contact Balqon - http://www.balqon.com/

For investorideas.com contact:

Dawn Van Zant: 800-665-0411 - dvanzant@investorideas.com



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