Consortium for Electric Vehicle Development to Be Formed

      June 19, 2009 11:43

      A consortium of governmental institutions and manufacturers involved in the auto industry will be launched as part of efforts to develop green electric cars.

      The Ministry of Environment and the Environmental Management Corporation, which are in charge of developing electric cars, recently held a preliminary meeting with local automakers, battery manufacturers, and the Korea Electric Power Corporation to form a consultative group responsible for the development of electric cars. Hyundai Kia Automotive Group, GM Daewoo, Renault Samsung, SK Energy and SK Networks will join the consultative group expected to be launched in July or August of this year. Members of the group will share information regarding ongoing projects for electric car development and infrastructure.

      Hyundai Motor will debut its electric cars in 2012 while Renault Samsung also plans to produce compact electric cars by Oct. 2011. LG Chem has announced it will invest a total of W1 trillion in manufacturing batteries for electric cars by 2013.

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