Korea to Spend 70 Billion Won to Develop Electric Car
Source: Bloomberg, Seonjin Cha (8/9/11)
"A group led by Hyundai Motor Co. will lead the project."
South Korea’s government plans to spend about 70 billion won ($65 million) to support on an electric-vehicle development project by 2014, the Ministry of Knowledge Economy said today. A group led by Hyundai Motor Co. will lead the project and GM Korea Co., Renault Samsung Motors Co. and Ssangyong Motor Co. will also join the group, the statement said.. . . View full article