Korean Technology Company Considering US EV Production

CT&T United is a US subsidiary of a South Korean technology firm. CT&T has announced their plans to build an assembly plant in the US, becoming yet another EV manufacturer for America.
The race is on.
Thanks to billions of dollars in federal loan money being made available, companies from around the world are converging on the US to build new assembly plants to produce electric vehicles (EV). Ford and Nissan are among the first companies who applied and have received funding to build or convert assembly plants for EV production along with Tesla Motors, the upstart California company who has given the world the lithium-ion powered Tesla Roadster and has plans to build the Tesla S sedan in 2011.
CT&T Joins In
Now a technology company from South Korea plans to toss its hat into the ring, promising to build tiny EVs in US which they say will employ as many as 2600 people over the next five years. CT&T Company, Ltd. already produces EVs in Korea and plans to build similar vehicles in the US. CT&T United, which is the US subsidiary of the firm, claims that its vehicles will start at about US$8000 and sell for $16,000 fully equipped.
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.”
Using Various Battery Technologies
The company says that it will use lead acid, advanced lead acid, lithium polymer and lithium ion batteries to power its vehicles. This is a departure from the strictly lithium ion batteries expected to power the upcoming pure electric and plug-in hybrid electric vehicles expected to hit the market beginning next year from Mitsubishi, Nissan, Ford and other manufacturers.
“We are accelerating our plans to become a major investor in zero emissions vehicle technologies in the U.S.,” said Lee. “CT&T has become a category leader because of our advanced technology, plus we offer a solution to the primary barrier to consumer adoption of electric vehicles by offering EVs at affordable prices.”
Shopping For A Production Site
CT&T is looking at sites in Alabama, Georgia, the Carolinas and California in which to build its vehicles. CT&T United will produce and market City Drive Electrical Vehicles (EVs), Mid-speed Electric Vehicles, High-speed Electric Vehicles, and Utility Electric Vehicles, to provide a wide variety of vehicles for the US market.
Source: CT&T United
See Also — Coda Automotive


Of the Big Six manufacturers – GM, Ford, Chrysler, Toyota, Honda and Nissan – Ford led the way seeing sales falling by just 10.7% over June 2008. Ford’s success comes as the company continues to steal sales away from GM and Chrysler and as its chief Japanese competitors stumble. Thanks to having arguably the newest product line of any full line manufacturer, Ford has been able to win over customers and further separate itself over its restructuring neighbors, GM and Chrysler who saw sales fall 33.4% and 41.9% respectively.









