Freeman Shen, Lee Hang-ku.

Freeman-Shen“We don’t want to make toy-like luxury cars for the minority. We will target the mass market.”

Freeman Shen is the founder and CEO of WM Motor, a Chinese emobility start-up that is looking to launch its first three EV models in the country by 2018 (we reported). The compact cars are said to be offered at a competitive price.

anonym“The entry of Elon Musk’s Tesla into Korea later this year, and car sales next year, will trigger interest in eco-friendly models, which will consequently result in heated competition among local electric-vehicle manufacturers to respond to their increasing demand.”

Lee Hang-ku, a senior researcher at the state-run Korea Institute for Industrial Economics & Trade, warns that even with rising interest in electric mobility, South Korea will fall behind if it does not invest in infrastructure or if local players don’t cooperate on the issue.


about „Freeman Shen, Lee Hang-ku.“

Leave a Reply

Your email address will not be published. Required fields are marked *

Also read