Renault Samsung, the Korean unit of French auto giant Renault Group said that it will produce the Twizy electric vehicle (EV) at its factory in Busan for the next five years and signed a memorandum of understanding (MOU) with the Busan City Government and Dongshin Motech (DST). DST is one of Renault Samsung's parts suppliers, and agreed to have DST take charge of manufacturing the micro EV.
Currently, the Twizy is assembled in a Renault factory in Spain, and them imported into Korea. Renault Samsung has been seeking to manufacture the EV to maintain assembly lines after production for the Nissan Rogue expires in September 2019.
Following the signing of the MOU, Renault Samsung will bring facilities for making the Twizy from Spain and install them in its Busan plant. When operational, the plant will be capable of producing 5,000 Twizy’s a year.
The Twizy Micro Electric Vehicle
DST, which does not have a plant in Busan will run the facility from September 2019, with the goal of producing 15,000 Twizy’s in the next five years for the domestic, European and Southeast Asian markets.
Dominique Signora, Renault Samsung CEO, said in a statement: "The successful hosting of Twizy manufacturing will also contribute to the government's efforts to improve rules and set up early stage market infrastructure. Korea Post's introduction of micro EV also played a significant role in Twizy's arrival in Busan."
The development, manufacturing and deployment of electric vehicles is being pushed by the government and recently the state-run postal service announced plans to buy 10,000 micro EVs, including the Twizy, for its delivery service.
DST was established in 1995 as an auto parts company. It currently focuses on automobile chassis and battery pack cases for EVs. The company said in a statement: "This is the first cooperation between the government, a midsize company and a foreign automobile makers and it will also be a model case for overcoming difficulties faced by domestic auto parts makers through cooperation."