AUSTIN, Texas, Nov. 1, 2012 /PRNewswire/ -- KLD Energy Technologies, Inc. (KLD), whose breakthrough motor propulsion system is redefining the performance of electric propulsion and generation systems in dozens of industries, and Cenntro Group Limited, a leading developer of diesel and LPG powertrains for industrial, agricultural, transportation and construction equipment worldwide, announced today that they have entered into a relationship to jointly develop 4-wheel electric vehicles which will incorporate KLD's innovative electric vehicle drive system technologies.
Some of the first systems planned to go into the market will be the Utility Electric Vehicle (UEV) – an off-road and on-road work and maintenance vehicle, the Neighborhood Electric Vehicle (NEV) – a low-speed vehicle, and the Intra-city Logistic Vehicle (ILV) – a compact delivery vehicle similar to those used by major overnight delivery services. The initial focus is on the US, Europe and China, with the electric vehicle market in China expected to be among the fastest growing in the world.
"This partnership is consistent with our focus to bring the highest quality products and technology to the world market. We are delighted to be working with KLD to develop utilitarian vehicles powered by KLD's innovative high efficiency electric drive systems," said Peter Wang, Chairman of Cenntro Group Limited, who previously co-founded Unitech Telecom, which is now UTStarcom.
KLD's revolutionary motor system—comprised of the motor, battery pack and controller—significantly advances practical use of electric propulsion with potentially enormous positive environmental and social implications. The system is applicable in a broad range of high‐volume products that rely on efficient, high‐torque motors, including motorcycles and scooters, three and four wheel on and off road vehicles, equipment for wind‐energy generation, elevators and escalators, air conditioners, pumps and multiple other applications. KLD and Samsung SDI recently entered into a cooperative relationship to jointly develop state-of-the-art battery systems which will incorporate Samsung SDI's industry-leading lithium-ion battery cells and KLD's innovative electric vehicle drive technologies, enabling KLD to provide one of the safest and most cost-effective battery system solutions in the industry.