Hyundai to produce electric cars together with KEPCO!
Hyundai and the Korea Electric Power Corp. yesterday signed a memorandum of understanding on developing electric vehicles and recharging mechanisms.
As part of the agreement, the two companies will collaborate in developing electric vehicles and the charging mechanisms, as well as developing and standardizing recharging interfaces, while also commercializing the electric vehicles. KEPCO is currently developing recharging mechanisms with the target of completing the process by 2010.
Hyundai-Kia Automotive Group's electric car plans aim to supply electric vehicles in limited volumes in August 2010 and to begin commercial production of such vehicles the following year.
Hyundai will soon reveal more detailed plans regarding its electric car program. Stay tuned!
Although Hyundai posted the highest sales increase in China market, where sales have jumped more than 150 percent last month, the Korean largest automaker also increased its sales in Afric and Middle East and Africa.The beginning of the year was tough for Hyundai as the automaker experienced slumping sales, but recently ( July-September period), Korean carmaker experienced a sharp turnaround! Year on year exports to the Middle East jumped 38 percent to 106.132 units, while shipments to Africa rose 25% to 44,253.
The outlook for the Hyundai brand is good. The automaker will introduce new models next year and it also plans to spend more money on marketing in the region (Africa and Middle East).
Here is the proof that Hyundai already begun testing a successor model to its current Elantra compact sedan. A prototype has just recently been caught while out in the wild. Covered with heavy camouflage, the prototype model provides us with the very first glimpse of how the 2011 Elantra sedan will look like.
