We are pleased to work closely with CT&T, a true innovator and leader in the manufacturing of electric vehicles. The joint venture will expedite our go-to-market strategies, and we believe will accelerate the adoption of EVs among U.S. consumers. This technology, coupled with CT&T's industry-leading crash test performance standards, places us above the competition.
Seoul, South Korea (PRWEB) July 27, 2009
After recently announcing its entry into the U.S. market, CT&T, a global leader in Electric Vehicle (EV) technology, announces a joint venture with PUES Corporation and E-1 Technology. The joint venture will bring breakthrough EV technologies to the U.S, including advanced EV in-wheel direct drive motors.
"Through discussions with PUES Corporation, we have outlined plans to include several exclusive EV technologies and product development efforts, including in-wheel motor drives and rapid charger technologies, that expand and accelerate our U.S. market product advantages and plans," said CT&T President and CEO Young Gi Lee. CT&T has partnered with the PUES Corporation on a number of projects in Asia since 2005.
In collaboration with Tokyo-based PUES Corporation, CT&T has developed technology for its EV cars that expands their performance and commercial viability. With plans for additional research, development and manufacturing of these motors domestically, the partners have applied for financial support from a Department of Energy grant.
PUES has been working with E-1 Technology to establish the manufacturing technology of its drive and battery systems for various power range applications. E-1 Technology is a U.S.-based entity and will play an important role in commercializing the technology from the joint venture between CT&T and the PUES Corporation.
Commenting about the partnership, PUES Corporation President and CEO Masao Ono said, "We are pleased to work closely with CT&T, a true innovator and leader in the manufacturing of electric vehicles. The joint venture will expedite our go-to-market strategies, and we believe will accelerate the adoption of EVs among U.S. consumers. This technology, coupled with CT&T's industry-leading crash test performance standards, places us above the competition."
In-wheel electric motors deliver features that allow EVs to better meet consumer needs. "In-wheel direct drive motors give electric vehicles a significant boost in performance and efficiency. The result is the vehicle gains a significant increase in distance and responsiveness when driving. We feel this gives us a significant advantage," Lee said.
Electric vehicles with in-wheel motors are lighter weight (27 percent less than conventional motors), offer improved energy efficiency (by as much as 95 percent), better performance (doubled driving distance range) and increased power (from 2.5kw to 25kw).
In early July, CT&T announced plans to establish North American headquarters, a research and development center and several manufacturing facilities to produce and market an entire product line of EVs and batteries. Company officials are considering potential sites in Alabama, California, Georgia, North Carolina and South Carolina; the company expects to employ 2,600 within the next five years.
CT&T's flagship eZone electric vehicles are the only Neighborhood Electric Vehicles (NEV) that pass the Federal passenger car standards for front and side impacts, and that
offer dual independent circuit hydraulic disk brakes and four-wheel MacPherson strut independent suspension.
CT&T United will produce and market City Drive Electrical Vehicles (EVs), Mid-speed Electric Vehicles, High-speed Electric Vehicles, Utility Electric passenger vehicles and electric buses, as well as batteries in the Lead Acid, Advanced Lead Acid, Lithium Polymer and Lithium Ion categories for domestic and export markets.
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