Asia Pulse: Korea will "churn out" hybrids by 2011
The Korea Institute for Industrial Economics and Trade (KIET), a state-run South Korean think tank, said this past week that South Korea will enter the hybrid car market in a big way in 2011 and then continue to play a big role in the global hybrid market. As you can guess from the links below, there has been movement in this direction for a while, especially by Hyundai/Kia, but Asia Pulse said that earlier reports were hinting at a 2010 start date. KIET cited the added cost of making hybrids as the reason for the later date. KIET gave these numbers for Korea's domestic hybrid production:
- 500,000 by 2015
- 1.8 million by 2020 (exporting 70 percent)
Related:
[Source: EDTA / Asia Pulse]
Reader Comments (Page 1 of 1)
Dave 12:47AM (8/05/2007)
I wonder which hybrid system they are going to use.
There is the Allison/GM/BMW/Chrysler/Mercedes system, the Toyota/Ford(IIRC-Ford is paying royalties to Toyota on some of their hybrid tech) system, and the Honda system.
It will be hard to avoid paying royalties to someone.
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