Energy and eco-business company, Integrated Energy and electric vehicle manufacturer Detroit Electric have signed a Memorandum of Understanding (MOU) for retail sales of Detroit Electric pure electric vehicles.
The sales of the vehicles are expected to start in the first quarter of 2015 and Integrated Energy is planning to order around 300 vehicles.
The MOU will also implement a joint V2X project which includes a pilot program in South Korea's Jeju Island, and the companies are planning to expand the program in future.
Detroit Electric of Chairman Albert Lam "This is a strategic step in the development of Detroit Electric business in the global market and we are delighted to partner with Integrated Energy to deliver our high performance vehicle and services to Korean customers."
"With the vision beyond the EV business, the joint V2X pilot project in Jeju Island with Integrated Energy will certainly be a showcase of our innovative technology and sustainable business model."
