Hitech Electric to produce 100% electric LCVs by March, with sales plans of 1,000 vehicles per year. In partnership with Positivo Tecnologia, (and its corporate venture capital (CVC) program) the assembly line will start with 50 units per month and possibly expand to 100 in the short term. The plant will be located in Campo Largo, Parana.
The vehicles will have a powertrain and battery produced by WEG, the Brazilian Electric equipment manufacturer. The batteries will feature non-flammable lithium iron phosphate. Product lineup includes a last mile utility vehicle and a 1.2-ton light truck.
Source: Automotive Business Read The Article
PSR Analysis. Product prices are set between US$ 22K-25K are appealing for testing, but have limited market potential due to range (80-160km) and six hour battery charge time, suitable only for short distances.
Car-like versions may have higher success and volume potential than light truck versions when considering replacing car and motorbike tasks. PSR
Fabio Ferraresi is Director, Business Development-South America, for Power Systems Research
