Hyundai, Kia join Korean Electric Power in EV joint venture
October 29, 2009 by Matt Brogan
Although details are scarce, rumours today tell us Korean cousins Hyundai and Kia have teamed up with Korean Electric Power Company in order to develop a special EV battery charging system for its upcoming electric models.
The vehicle will be developed jointly between the two vehicle manufacturers while the state-run power company develops charging systems and infrastructure.
Last month Hyundai unveiled a plug-in version of its i10 model at the Frankfurt Auto Show. The i10 EV is now the most likely candidate for the newly arranged joint venture.
The i10 EV uses a 16 kWh lithium-ion battery pack and is capable of 135km/h while traveling up to 160km on a single charge.
Korean Electric Power Company has also agreed to help with the distribution of the car upon release by likely bundling the EV with its charging system.
A production version of the i10 EV is expected in early 2011.
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