Michigan-based ALTe has developed a turn-key plug-in hybrid conversion for fleet and niche vehicles.

FORBES: Written by Jim Motavalli

ALTe will own one third of the joint venture, called MESA Industrial Technology Corp.

FORBES: An American Electric Hybrid Powertrain Maker Goes To China

ALTe, founded by a trio of Tesla Motors refugees, focuses on converting 3- to 5-year-old Ford vehicles.

FORBES: Written by Jim Motavalli

ALTe, on the other hand, wants purchase orders in hand so that it could raise funding and start production.

FORBES: An American Electric Hybrid Powertrain Maker Goes To China

Another insurance mutual, Alte Leipziger, has organised a joint-stock holding company which, executives say, may eventually be listed on the stock exchange.

ECONOMIST: Demutualisation in Germany

Converting cars to electric could be a big business, and some companies, such as ALTe, have been trying to make it such.

FORBES: Written by Jim Motavalli