CT&T announces plans for EV production in US

CT&T has announced plans for electric vehicle production in the United States. Image sourced from CT&T

CT&T has announced plans for electric vehicle (EV) production in the United States. CT&T United, the US subsidiary of South Korean EV and EV technology manufacturer CT&T Korea, Ltd., are investing significantly in plans for e-Zone and c-Zone electric vehicle production in the United States.

The company has plans to establish its North American headquarters, a research and development center, and several manufacturing facilities to produce and market an entire product line of EVs and batteries.

CT&T United will produce and market City Drive Electrical Vehicles, Mid-speed Electric Vehicles, High-speed Electric Vehicles, Utility Electric Vehicles, as well as batteries in the Lead Acid, Advanced Lead Acid, Lithium Polymer and Lithium Ion categories for domestic and export markets.

CT&T works in four battery platforms by cooperatively manufacturing with Korean partners SK Energy, Sebang, EIG Corporation, LG Chemical Corporation, FCP, and Samsung. Specifically, the company works in Lead Acid, Lithium Polymer, Fuel Cell (FCP) and Lithium-ion battery systems.

In making the announcement, CT&T President and CEO Young Gi Lee said, "While we are reviewing a number of locations for our operations, we are committed to having a major presence in the Southeastern and West Coast regions."

By the fourth quarter of 2009, the company expects to begin selling c-Zone utility EVs for commercial and government applications as well the e-Zone City Drive EVs. Vehicles will range in price from $8,000 to $16,000, fully equipped.

The Company recently submitted proposals to the US Department of Energy to accelerate the implementation of battery, electric motor drive, and electric vehicle technologies.

The company has also announced a joint venture with PUES Corporation of Tokyo, Japan for the development and production of inverters and new technology In-Wheel Motors.


- Katrice R. Jalbuena

Sources:

¹ http://www.ctnt.co.kr/bbs/bbs/board.php?bo_table=press_eng&wr_id=37
² http://www.ctnt.co.kr/eng/