ID :
17760
Tue, 09/02/2008 - 16:25
Auther :
Shortlink :
https://oananews.org//node/17760
The shortlink copeid
DETROIT ELECTRIC IN TALKS WITH PROTION TO ROLL OUT ELECTRIC VEHICLES BY END 2009
SHAH ALAM (Malaysia), Sept 2 (Bernama) -- Electric car company, Detroit Electric, is in talks with Proton Holdings Bhd to manufacture electric vehicles as part of the latter's plans to roll out affordable electric vehicles by end of 2009.
The Netherlands based company is also in talks with two other
companies in
Europe and the US for similar purpose, said Detroit's chairman and chief
executive officer, Albert Lam.
"At this stage the negotiation is still very preliminary," he said
following
a media preview of the company's electric car here Tuesday.
So far, the company has integrated its electric drive system into two
Proton passenger cars such as Persona and Savvy, three Lotus Elises, a
Daihatsu-Cuore and a Volkswagon Golf, with the intent to use the system to
develop pure electric vehicles.
The lithium-ion batteries based power offers green alternative as it is
environmentally friendly with zero emission and equal performance like gasoline
car.
In order to achieve volume production of electric vehicles, Lam said, the
company projected a total investment of about US$300 million (US$1 = RM3.41)
over the next five years.
Detroit expects to produce 30,000 vehicles worldwide during the first year,
120,000 vehicles in the second year and 270,000 vehicles in the third
year.
It would start by launching three vehicles comprising a sport car,
sub-compact and mid-size sedan next year.
"We believe that cars driven on renewable electric energy are the future of
transportation, in light of worldwide environmental and rising fuel price
issues," he said.
Lam said the company planned to introduce electric bus by end of next
year for Europe and Asia markets.
It has also proposed to set up an engineering and research and development
centre outside of the Netherlands with an investment of nearly US$10 million and
with its location possibly in Malaysia.
"We are looking forward to a possible long term partnership with Malaysia
and getting access to the entire South East Asian market," he said.
Detroit Electric was an American icon in the early part of the 1900s and
the
most popular electric car in history. Currently, Lam holds majority stake in
the company with several Dutch, American and Malaysian partners.
The Netherlands based company is also in talks with two other
companies in
Europe and the US for similar purpose, said Detroit's chairman and chief
executive officer, Albert Lam.
"At this stage the negotiation is still very preliminary," he said
following
a media preview of the company's electric car here Tuesday.
So far, the company has integrated its electric drive system into two
Proton passenger cars such as Persona and Savvy, three Lotus Elises, a
Daihatsu-Cuore and a Volkswagon Golf, with the intent to use the system to
develop pure electric vehicles.
The lithium-ion batteries based power offers green alternative as it is
environmentally friendly with zero emission and equal performance like gasoline
car.
In order to achieve volume production of electric vehicles, Lam said, the
company projected a total investment of about US$300 million (US$1 = RM3.41)
over the next five years.
Detroit expects to produce 30,000 vehicles worldwide during the first year,
120,000 vehicles in the second year and 270,000 vehicles in the third
year.
It would start by launching three vehicles comprising a sport car,
sub-compact and mid-size sedan next year.
"We believe that cars driven on renewable electric energy are the future of
transportation, in light of worldwide environmental and rising fuel price
issues," he said.
Lam said the company planned to introduce electric bus by end of next
year for Europe and Asia markets.
It has also proposed to set up an engineering and research and development
centre outside of the Netherlands with an investment of nearly US$10 million and
with its location possibly in Malaysia.
"We are looking forward to a possible long term partnership with Malaysia
and getting access to the entire South East Asian market," he said.
Detroit Electric was an American icon in the early part of the 1900s and
the
most popular electric car in history. Currently, Lam holds majority stake in
the company with several Dutch, American and Malaysian partners.
