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South Korean Company Plans $200 Million Electric Car Plant in Hawaii

CT&T Company (Seoul, South Korea) plans to build a $200 million electric car manufacturing plant in Oahu, Hawaii. The company plans to construct a 100,000-square-foot...

Released Wednesday, July 21, 2010

South Korean Company Plans $200 Million Electric Car Plant in Hawaii

Researched by Industrial Info Resources (Sugar Land, Texas)--CT&T Company (Seoul, South Korea) plans to build a $200 million electric car manufacturing plant in Oahu, Hawaii. The company plans to construct a 100,000-square-foot assembly plant and install supporting equipment for the production of 10,000 electric vehicles per year.

A general contractor is to be selected by late summer, with construction expected to begin in the early fall of this year. Overall completion is slated for the fall of 2011. The new assembly plant is expected to manufacture two-seat electric cars and other vehicles and employ approximately 400 people. The facility is also expected to assemble electric buses and four-passenger electric vehicles.

Field Architecture (Palo Alto, California) was selected to provide architectural services for the new plant.

CT&T was founded in 2002 by a former Hyundai Motor Corporation executive. The company is considered a world leader in the manufacturing of electric vehicles and related technologies. The company has facilities in South Korea and China, and is looking at building facilities in South Carolina, Georgia and Long Beach, California.

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Industrial Info Resources (IIR) is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. IIR's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
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