|
The Hyundai Motor Group will develop hybrid cars in collaboration with the LS Group and LG Chem, the company said Monday, amid growing worldwide competition in the market for more environmentally friendly cars.
A Hyundai official said the company will develop components for hybrid cards with industrial electrical goods supplier LS Group such as motors, power transmissions, inverters and wires. The two companies already set up a joint research and development team and plan a joint venture to make the hybrid car components.
LG Chem will supply lithium polymer batteries it is developing in Detroit.
Sales of hybrid cars are rising steeply in the U.S. as oil prices continue to spiral. Toyota has sold 206,500 of its hybrid model Prius since 2000, with sales there growing from 56,500 cars last year to 83,000 in the first nine months this year. Hyundai Motor and its affiliate Kia Motors will complete mass production facilities for the environmentally friendly cars late next year.
(englishnews@chosun.com )
|
