Renault Samsung Motors said Sept. 26 the Twizy ultracompact electric vehicle will be locally produced starting next month.
The Twizy EV was originally produced at Renault’s plant in Valladolid, Spain, but the French automaker last year agreed to move its production base to Busan, 450 kilometers southeast of Seoul.
The two-seat EV will be assembled by local auto parts maker Dongshin Motech, which has signed a five-year deal with Renault Samsung.
The carmaker plans to roll out 5,000 Twizys a year, but the capacity could expand to 15,000 units depending on market demand.
From January to August, Renault Samsung sold 1,239 Twizys imported from Spain, up 13 percent from a year ago. Its current lineup includes the all-electric SM3 Z.E. sedan, the QM3 and QM6 SUVs, the SM3 compact and the SM5, SM6 and SM7 sedans.
By Ram Garikipati and newswires (firstname.lastname@example.org)