Kia plans S K & s first mass produced electric car MarketWatch

30 Апр 2014 | Author: | Комментарии к записи Kia plans S K & s first mass produced electric car MarketWatch отключены
Kia Electric Cars

Kia plans S.K.’s first produced electric car

By Kyong-Ae

SEOUL (MarketWatch) — Kia Corp. said Thursday it to launch South Korea’s mass produced all-electric car year, until now a gap in the offerings by the fast-growing car makers.

Korea’s car make hybrid cars but they lag behind U.S. car General Motors Co. /quotes/zigman/1466682/delayed GM -1.59% and Japan’s Toyota Corp. while domestically, the has been slow to build the or provide the subsidies that support the industry.

Hyundai Motor Co. which with Kia forms the world’s carmaker by sales, currently the BlueOn pure-electric car only for agencies under a pilot but Kia plans to sell the Ray all-electric car to from 2013.

Kia Motors, is 34% owned by Hyundai Motor, Thursday it will roll out units of the Ray pure-electric mini car year for fleet use by government first. The Kia Ray EV can travel up to 139 kilometers on a charge and speed up to 130 kilometers per the company said in a statement. Motor established production this year to build 250 BlueOn models for fleet use by offices.

Also Thursday, the government it will offer a tax support of up to million ($3,630) per vehicle for who buy the Ray and the SM3 ZE all-electric car Renault Samsung Corp. the South Korean of France’s Renault S.A. to be in 2013.

But analysts and industry participants it won’t be enough. Kia said in a that more than else, the infrastructure including stations should be established Currently, the country has 500 charge and the government plans to increase the to 3,100 by the end of 2012, Kia said in a

A Renault Samsung spokesman Thursday that there be government subsidies as well as tax to encourage electric car sales.

Kia Electric Cars

Analysts also questioned the government, or state-owned Korea Power Corp, would the will to embark on what be an expensive build-out of a nationwide network for charging stations.

Motor Group has seen growth globally surge in years, due to robust demand for models Sonata and Elantra in the U.S. and emerging markets. It global sales of 6.55 vehicles this year and to sell 7 million in 2012, Kia Lee Sam-ung told Dow Jones early this month.

But Kia and Hyundai are also behind in electric cars internationally. GM has the Toyota the Prius hybrid Japan’s Nissan Motor Co. the all-electric Leaf, and France’s the all-electric Fluence ZE.

Hyundai and Kia hybrid versions of the Sonata and sedan each this in the U.S. where Toyota’s accounts for about 50% of the hybrid car Hybrid electric cars are from all-electric or pure-electric because they use gasoline on top of

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Kia Electric Cars


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