Li-ion Motors Corp (OTCBB: LMCO) recently announced that it won the last on-track challenge, the Combined Performance and the Efficiency Test, in the Progressive Automotive X-Prize event held at the Michigan International Speedway. This puts them in the forefront for victory in their category -- the Alternative side-by-side class.

Click here to read the results: http://autoblog.xprize.org/axp/2010/07/a-race-to-the-finish.html

Li-ion Motors Corp. is an electric vehicle manufacture, producing lithium-powered vehicles including electric mopeds, sports vehicles, and electric motorcycles in addition to the electric cars.

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