GWANGJU < invest Korea

(GWANGJU=Yonhap News) Gwangju Metropolitan City announced that Chilwee Group has confirmed its intent to cooperate with the city on environment-friendly cars, energy and smart cities during a meeting between Gwangju Mayor Yoon Jang-hyun and Chilwee Group CEO Yang Xinxin.

Based in China's province of Zhejiang, Chilwee Group makes primary and secondary cells for electric motorcycles, electric three-wheelers, and electric cars, in addition to rechargeable batteries for storing solar and wind power, and 4.5-ton electric trucks.

Earlier in mid-November, Mayor Yoon and CEO Yang met in Seoul, where they agreed to establish a joint R&D center in Gwangju, and cooperate on technology development and production.

Late last month, a Gwangju city official visited Chilwee Group's headquarters in China, and discussed the means of cooperation.

During the meeting with Mayor Yoon, CEO Yang presented a business model where Chilwee would established a research center in Gwangju with a local electric vehicle parts company, cooperate on planning, design, testing, and certification, make half-finished products in Gwangju, and export those products to China.

Gwangju plans to make a final decision o the business plan after reviewing its feasibility with local auto parts makers.



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Source: Yonhap News (Dec. 19, 2017)