Seoul means business: The capital of South Korea partners with BMW, GM, Kia and Renault-Samsung and offers up to 18,425 dollars in incentives to residents who buy an EV from those manufacturers, while businesses can also receive up to 6,400 dollars in funding for installing charging stations. Moreover, BMW wants to erect 120 chargers in Seoul and allow customers with its “BMW i3 Link Package” to test drive or rent a car from BMW’s entire line-up for ten days per year.
FDG kicks off production in China: FDG Electric Vehicles hopes to produce 10,000 electric utility vehicles per year at its plant in Kunming. In the first half of 2015, FDG will open a second production site in Hangzhou, with the capacity of 100,000 units per year. FDG was formerly known as Sinopoly Battery, but changed its name into FDG Electric Vehicles after investing in Smith Electric Vehicles.
Honda Legend hybrid announced: The Japanese carmaker will begin offering the hybrid Legend on its home market starting January 22nd. It uses the same three-motor Sport Hybrid Super Handling All-Wheel Drive (SH-AWD) system, as the Acura RLX Sport Hybrid. Pricing starts at 59,000 dollars.
Renault Z.E. interest in Australia: After launching a trial with Australia Post, Renault has seen some interest by other businesses in its Kangoo Z.E., but sales in Down Under will probably not kick off for at least another year, as the country lacks i.e. incentives for EV programmes.
BYD eyes Brazil: The Chinese manufacturer unveiled it electric bus K9-12d for the Brazilian market. At the beginning of next year, BYD wants to begin building around 500 electric buses per year in the South American country and also export them to Columbia, Chile and Uruguay.
Model S price adjustment? According to CEO Elon Musk, Tesla considers upping the prices for its all-electric sedan in Europe. The reason is a seven percent change in the dollar-euro exchange rates. Not surprisingly, Musk is telling potential customers to buy rather sooner than later.