LS Group and Dongfeng Motor to partner on e-vehicles
08 May 2013
South Korea conglomerate LS Group and China-based Dongfeng Motor Group signed a memorandum of understanding to cooperate on hybrid and electric cars.
The main purpose of the MOU is to build a strategic partnership for the joint development of related components and systems for e-vehicles in the China market. Efforts will include co-development of powertrain and electrical systems, energy storage systems, and charging systems.
More JVs like this one are required to accelerate the development and mass production of lower cost future EVs.
Posted by: HarveyD | 08 May 2013 at 08:12 AM