It was only a few months ago that the Samsung Group announced its intention to pursue other avenues for growth, the company also announced that it was setting up a new team for the advancement of its automotive business. While that part of the company continues to forge partnerships to create the car of the future, a lesser known Samsung business concern has announced that it's going to build the world's first electric light commercial vehicle.
Renault Samsung Motors has announced that it's going to work with mid-size and small local companies to develop a 1-ton electric light commercial vehicle which will have a range of 250 kilometers on a single charge. An official from the company pointed out that much of the development is limited to electric passenger cars these days and that electric commercial vehicles happen to be the next-generation EV market as they are a potential alternative to solve air pollution problems caused by older commercial vehicles. Renault Samsung says that the development is going to take up to four years.
Renault Samsung Motors was first established back in 1994 as Samsung Motors with technical assistance from Nissan and it started selling cars in 1998. The company became a subsidiary of Renault in 2000 but Samsung does maintain a minority ownership stake.
