NJT nor Alstom (or Bombardier, for that matter) is not converting anything.
What they are doing is building all-new cars that will happen to be self-contained power cars - they will have traction motors, pantographs, transformers, invertors, etc. to provide the tractive effort and onboard power for all of the cars that will be attached to them in a train. And they have to still retain some passenger space inside. And they have to be fully compatible with the existing MultiLevel fleet.
This is no small feat - which may also explain why after almost 4 and a half years not a single shot of a prototype car has been seen.
Dan