ONLY TWO MONTHS ago, Electric vehicle manufacturer Vectrix filed for Chapter 11 bankruptcy protection in the US, with plans to restructure and continue as New Vectrix.
According to a press release reportedly issued by China's GoldPeak Batteries this month, Vectrix is preparing to return with a new Lithium Iron Phosphate-powered version of its VX1 electric bike.
GoldPeak is one of Vectrix's original stakeholders. If the press release posted at the V is for Voltage website is to be believed, the Chinese battery manufacturer has acquired Vectrix's assets and liabilities.
"This move is a triple win for customers, suppliers and for the employees. It provides the required stability to develop the key market and the right product," the press release quotes Wolfgang Gohl, former Vice president for Operations and supposed new Vice President.
"The EV market is just starting to emerge, first policies are under development and Vectrix and his partners are in a prime position to supply a quality product for various applications."
Future versions of Vectrix's VX1 electric scooter will reportedly be powered by more powerful Lithium Iron Phosphate batteries, replacing the previous model's Nickel Metal Hydride cells.
Two smaller models are expected to arrive after 2010, delivering outputs equivalent to 50cc and 150cc petrol-powered scooters.
It remains to be seen whether the press release can be believed. Neither company has posted news of an acquisition on their websites or through the usual media channels.
The Motor Report has contacted GoldPeak and Vectrix in the US and will report further as more information comes.