Hyundai, Korean Gov't Team Up on Hybrid Car Production

Hyundai Motor and Kia Motors will start producing a limited number of hybrid automobiles exclusively for the Korean government early next year, investing $41 million.

Published: 26-Dec-2006

Hyundai Motor and Kia Motors will start producing a limited number of hybrid automobiles exclusively for the Korean government early next year.

The government and the auto industry are about to complete their testing and researching of gasoline-electric cars this month, as part of the first phase of launching the vehicle in Korea.

The government and industry began researching and developing the hybrid in 2004, sources say.

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