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Renault Samsung Starts Production of SM3 ZE EV

SM3-ZERenault Samsung Motors, the South Korean arm of French automaker Renault SA, has started volume production of the SM3 ZE electric car at its Busan plant.

The annual production capacity for its SM3 ZE electric car will reach up to 4,000 units starting next year.

“Electric cars will be the engines of growth leading the green growth of Korea,” said Francois Provost, chief executive of the company, adding Renault Samsung Motors had every intention of fully supporting the initiative.

The SM3 EV can travel 135 kilometers (84 miles) on a single charge at a maximum speed of 135km/h (84 mph), according to the carmaker.

Though the price for an SM3 EV is set at 45 million won (about $42,000 USD or 30,900 Euros), with government subsidies for electric car buyers, the price tag comes down to 22 million won (about $20,500 USD or 15,100 Euros).

Renault Samsung has already delivered 107 SM3 ZE electric cars to Jeju Island, and has separately secured contracts for 500 units.

Two months ago, GM Korea unveiled the electric version of the compact Chevrolet Spark.

Kia Motors Corp., South Korea’s second-largest carmaker, has also rolled out its Ray electric car and said it plans to introduce an electric version of its Soul urban crossover car in the first half of next year.

South Korea has installed 1,165 charging stations for electric vehicles across the country including 110 quick charge stations.

[source: Korea Herald]
Oct 15, 2013Blagojce Krivevski
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Blagojce Krivevski

Blagojce Krivevski is physicist and green technology lover. Keep in touch with Blagojce through his email, web site, Twitter, Linkedin, Facebook and Google+.

October 15, 2013 Electric Car NewsRenault, Renault Samsung, Renault Samsung Electric Car, Renault Samsung SM3 ZE, Samsung, SM3 ZE Electric Car
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