Beijing Hyundai Motor, a joint venture between South Korean automaker Hyundai and China's Beijing Automotive Industry Holding (BAIC), will reportedly unveil a production-ready electric vehicle by the end of 2011, according to local media sources in China.
The undisclosed electric vehicle will reportedly go on sale in China sometime during the first half of 2012, according to one of the country's major online news portals, which cites information supposedly released by Beijing Hyundai's vice-president, Li Feng.
In order to manufacture and sell vehicles in China, foreign automakers must establish joint ventures with local firms. Even though there is some hesitation, the government of China is still urging foreign automakers to push forward the launch of advanced technology vehicles so that the nation can retain a slight chance of meeting its optimistic goal of worldwide plug-in domination.
The undisclosed electric vehicle will reportedly go on sale in China sometime during the first half of 2012, according to one of the country's major online news portals, which cites information supposedly released by Beijing Hyundai's vice-president, Li Feng.
In order to manufacture and sell vehicles in China, foreign automakers must establish joint ventures with local firms. Even though there is some hesitation, the government of China is still urging foreign automakers to push forward the launch of advanced technology vehicles so that the nation can retain a slight chance of meeting its optimistic goal of worldwide plug-in domination.
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