Unique Mobility has begun to move here after a long period of research and development into efficient electric motors. On June 27,1997 Lee Iacocca's EV Global Motors bought a 12.2% stake worth $9 million in UQM and he is now on the board of directors. EGM and UQM, working together, expect to see an electric bicycle in 1 year, and an electric scooter in 2 years, on the market. There is expected to be a huge demand for these products in places like Taiwan, China, and the Pacific Rim.
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