Guatemala To Produce Electric Cars With Assistance From China – Video

2 years ago by Mark Kane 6

Guatemala

Guatemala

Guatemala highlights its position on the EV map by announcing its intention to be an electric vehicle manufacturer.

A company called Luka Electronics hopes to launch an assembly line next year, in partnership with Chinese companies.

We shouldn’t expect much from the investment of only $500,000, but it could be the beginning of a larger move for the small country.

“Luka Electronics has decided to invest about 500,000 U.S. dollars to establish an assembly plant in Masagua municipality, south of Guatemala City, to churn out vehicles ranging from sedans, pickup trucks to buses.”

“Luka Electronics executives formed their idea to set up the assembling plant in Guatemala, after paying a visit to China where four workers can assemble an electric car in 45 minutes.

Considering the potential demand of the local market, they then became determined that such an initiative will pay off as local drivers spend less and the environment is hugely benefited.”

Julio Sosa, Operation Manager of Luka Electronics said:

“For December 2016, we have two goals. The first is to have the thousandth vehicle assembled in Guatemala. The second is to have the first electric bus commuting on the streets of Guatemala. I’ll go a little further: we expect to have high-speed electric vehicle during the first quarter of 2017.”

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6 responses to "Guatemala To Produce Electric Cars With Assistance From China – Video"

  1. Robb Stark says:

    The population of Guatemala is about the same as The Netherlands… 16.5M.

    Problem is GDP per Capita… just under $4k.

    1. Ambulator says:

      Yeah, but those didn’t look like very expensive cars. I hope this does very well.

    2. Mister G says:

      Labor is cheap in Guatemala and there are many wealthy people living in Guatemala behind barbed-wire compounds.

  2. Pushmi-Pullyu says:

    “Luka Electronics has decided to invest about 500,000 U.S. dollars to establish an assembly plant in Masagua municipality, south of Guatemala City, to churn out vehicles ranging from sedans, pickup trucks to buses.”

    They’re planning to invest only half a million? That will work to make tiny, cheap cars and trucks… but only if they’re actually building small, cheap toys! Even half a billion dollars isn’t a sufficient investment for a real auto manufacturing company.

    1. heisenberght says:

      Well. In some way one might also consider a Tesla a rich mans toy 😉

      Those cars will be for people which you might consider poor.

      For them these cars will have more significance in terms of life quality than a toy.

      IMO it’s nice to see that there are alternatives to “real” car companies for those who cannot afford or are not allowed to be part of the “real” world.

  3. Mister G says:

    “4 workers can assemble an electric car in 45 minutes” that will certainly bring down EV prices once Chinese manufacturers begin selling worldwide.