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ELECTRIC TRUCKS * USA / China
* Smith, Wanxiang, sign a letter of intent on e-buses and CVs
(Photo: Barack Obama visiting the Smith's Kansas City plant on July 8, 2010)
Kansas City,TXS,USA -Green Car Congress -February 20, 2012: -- Smith Electric Vehicles and Wanxiang Group announce investment and joint venture for electric school buses and commercial vehicles in China... The principal terms include a $25-million equity investment in Smith by Wanxiang and up to a $75-million investment in a joint venture between Smith and Wanxiang to develop, manufacture and commercialize all-electric school buses and commercial vehicles... Under the Smith brand, these vehicles will combine Wanxiang’s EV componentry technologies with Smith’s proprietary platform vehicle designs, including its Smith Drive and Smith Power systems. Both the investment and the joint venture are subject to the execution of definitive agreements and receipt of regulatory and other third-party approvals...
Labels: electric truckmakers worldwide
posted by Unknown @ 4:15 AM
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