JACKSON, Miss. (AP) — Mississippi officials say an electric car maker has made an overdue payment on its state loan.
Jeff Rent, a spokesman for the Mississippi Development Authority, said Wednesday the agency has received the $150,000 payment due Monday. The state extended the deadline for the first payment on the $3 million state loan, which had originally due been June 30.
In addition to missing its loan payment, Mississippi says GreenTech has neither hired the 350 people nor invested the $60 million it promised. Rent didn't immediately respond to a question about whether the state will take additional actions.
The company said in August it was raising money through a merger of its assets in China with another business. Previously, GreenTech has raised money from Chinese people seeking U.S. residency by investing $500,000.