Hyundai Plans Electric Car to Meet Emission Standards (Update1) Bloomberg

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Hyundai Electric Cars

Hyundai Plans Electric Car to Emission Standards (Update1)

By Ohnsman and Seonjin Cha — 25, 2009 02:47 EDT

March 25 — Hyundai Motor South Korea’s largest is developing an electric vehicle for commuters as governments tighten rules and rival carmakers new battery-powered and hybrid models.

The model will have a range of about 40 miles (62 said Vice Chairman Lee Soon. research chief for and affiliate Kia Motors Corp. He to say when the battery car will go on

Hyundai follows Toyota Corp. and General Motors in designing cars powered or in part by electricity to cut carbon and oil dependence. Toyota will a new plug-in version of its Prius this year and Nissan Co. is to sell an electric car next in the U.S. and Europe.

“We cannot eliminate any technology. We to keep them all,” Lee in a March 23 interview in Hwaseong, Seoul. “If your commuting is short, maybe you can justify an electric vehicle.”

Hyundai and Kia sell their first in South Korea this followed by a version of Hyundai’s sedan with a gasoline-electric in 2010. Kia displayed its Forte LPI sedan, the world’s first petroleum gas car yesterday in Seoul. The will be sold initially in South Korea, spokesman Choo said.

South Korean President Lee Bak. who won election in December on a pledge of economic expansion, has domestic carmakers to develop vehicles to boost growth for fourth-biggest economy.


The and Kia hybrids, as well as the planned electric vehicle, will use batteries from LG Chem Vice Chairman Lee said. LG South Korea’s largest maker, is also supplying batteries for GM’s Chevrolet plug-in hybrid, which on sale next year.

Hyundai and Kia plan to build units of LPG-powered hybrid and Avantes in 2009, Lee Ki Sang. president of hybrid vehicle for the two companies, told reporters in Seoul.

The affiliated carmakers are designing hydrogen fuel-cell which Hyundai intends to in 2012, followed by Kia in 2013. the most advanced batteries limited performance compared gasoline vehicles, Hyundai’s Lee

“Technology-wise, hydrogen is more more flexible,” he said.

Motor, which gained 34 this year compared key Kospi index’s 9.3 percent dropped 2 percent to 52,800 won in Exchange trading.

To contact the responsible for this story: Okeson at

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