UQM Technologies To Supply South Korean Power Plaza With Motors & Controllers For Electric Trucks
FEB 14 2015 BY MARK KANE
Power Plaza is a South Korean company that’s been developing electric vehicles since 2007, focusing mainly on 1-ton EV trucks.
As there are over 2.5 million 1-ton trucks in South Korea, primarily used for short haul delivery, the market opportunity for electric conversions seems enormous.
UQM Technologies recently announced a business relationship with Power Plaza to provide PowerPhase Pro 100 electric motor and controller systems.
If the pilot program works out, then we probably should expect a lot of orders for such city trucks.
“Power Plaza is working with the Seoul city government and other key partners on a program to convert 1-ton diesel trucks – which are the primary commercial truck used in Seoul – to electric vehicles. Power Plaza will launch the pilot program for the high-performance version using UQM PowerPhase electric motors and controllers in 2015 after initial homologation. One of the key partners in the program is the South Korean conglomerate CJ which has a total fleet of 18,000 1-ton vehicles used for short-haul delivery, and is evaluating electrifying a portion of their fleet.”
Eric R. Ridenour, President and Chief Executive Officer of UQM Technologies said:
“We are excited to begin this work with Power Plaza and to expand our footprint in the South Korean market. Our products perform well in a broad range of applications, and this relationship further enhances our position as a global leader in electric propulsion.”
Sung Ho Kim, CEO of Power Plaza said:
“Due to their strong reputation and leadership, Power Plaza has selected the UQM system for our high-performance 1-ton truck. UQM is the correct partner for us, and with their many years of experience, their support and expertise will help make this program a success.”