Kia and SK Innovation team up in EV development

South Korean carmaker Kia Motors and energy company SK Innovation are poised to cooperate on development and marketing of electric vehicles (EV).

Kia and SK Innovation signed a memorandum of understanding (MOU) for joint development and marketing of EVs in Seoul Wednesday.

Kia and SK are set to launch joint promotion activities for marketing of EVs and strengthen brand competitiveness and technological capacities through the collaboration.

Through the joint effort, Kia and SK Innovation will be able to take advantage of their expertise, generate a synergy effect and consequently accelerate commercialization of EVs.

For full article see Maeil Business.