RTEV, Shuanghuan to Introduce Electric Car in 2009
Stealthy electric vehicle startup RTEV and Chinese carmaker Shuanghuan Automobile said today they plan to partner to release an electric car to the U.S. market in May 2009 and global markets about two months later.
Mike McQuary, CEO of Winnsboro, S.C.-based RTEV, told the Cleantech Group that the companies expect sales of about 1,000 cars the first year in the U.S. and significantly more abroad. Initially the cars will be marketed as low-speed electric vehicles, but the companies are seeking crash-test certification to take advantage of the $19,000 car's ability to reach 70 miles per hour, McQuary said.
RTEV is contributing the vehicle's drive system, which uses plug-in, dry-cell sealed (AGM) batteries. Shuanghuan plans to produce the rest of the vehicle, which it currently sells as a gasoline-powered car in Europe and China since 2000.
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