Hyundai and Magna form Electric Car Battery JV Electric Vehicle News

24 мая 2014 | Author: | Комментарии к записи Hyundai and Magna form Electric Car Battery JV Electric Vehicle News отключены
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Hyundai and Magna form Car Battery JV

Hyundai Heavy is venturing into the lithium-ion market for electric cars, to bask in the soaring demand for environmentally friendly next-generation

The world s largest shipyard it clinched an agreement Monday Canadian auto parts Magna E-Car Systems to a $200 million joint The Korean company would a 40 percent stake and the Ontario-based the remainder.

Magna E-Car is another between Magna International and the Stronach Group, a private owned by Frank Stronach, who North America s top car parts Magna E-Car supplies the to Ford Motor Co. for the plug-in of its Ford Focus.

Under the Hyundai Heavy and Magna will carry out joint and set up a production line in the Canadian aiming to churn out 1,000 packs annually starting

The shipbuilder added it will boost its output to 400,000 by and 800,000 by 2020 by building an eight plants in Europe and America. It targets a 30 percent in the electric car market in the regions by

We want to jump into a integrated eco-friendly energy by preempting the fledgling market in and North America and actively our power storage system said Lee Choong-dong, senior vice president of Hyundai s green energy unit.

The alliance signals the Ulsan-headquartered s intensifying foray into the growing renewable energy and efforts to diversify its growth

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Though a relative newcomer to the car market, Hyundai Heavy it has since 1992 been in developing components for electric

With the new green energy arm last year, the company runs solar and wind stations in the country s south and is a thin-film solar cell in Ochang, North Chungcheong

Company officials also the latest joint venture facilitate securing energy technologies for solar and wind generation, which are used to electricity and transfer the load to a time, thus cutting costs.

Hyundai heavy s vertically integrated operations, as as its edge in electrical, electronics and technologies, will somewhat offset its late entry to the said Lee Jong-hwan, an analyst at Securities in Seoul.

SK Securities Co. s Lee Ji-hoon echoed his saying the new project would synergy with the firm s electrical and electronic business a recent slowdown in the global energy sector, chiefly by Europe.

E-Car GD04B Electric Cars
E-Car GD04B Electric Cars
E-Car GD04B Electric Cars
E-Car GD04B Electric Cars
E-Car GD04B Electric Cars
E-Car GD04B Electric Cars

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