Menu

Search

  |   Business

Menu

  |   Business

Search

Kia, Coupang inks deal to produce electric truck together by 2025

Photo by: Amal Cm/Unsplash

Kia Motors and Coupang announced late last week that they have signed a partnership deal to produce electric trucks by the year 2025. The companies have joined forces to develop all-electric vehicles for cargo delivery.

As per The Korea Herald, Kia Motors and Coupang are planning to unveil their mid-sized and large delivery trucks three years from now. The new electric trucks will have better storage, efficiency, and safety feature compared to the current cargo trucks that Coupang is using.

Kia Motors will apply its experience and technology in making vehicles to provide different solutions, requirements, and services requested by Coupang. It was revealed the e-commerce company asked for trucks that would be suitable for its delivery services.

To improve the work efficiency of its delivery workers, Coupang said that Kia Motors may deliver a truck with sliding doors, lighter shelves, and overall better engineering. The Korean automaker said that its vehicles will be built according to purpose and will be fitted with a “skateboard” chassis which will serve as the main feature in the battery-powered vehicle architecture.

“We hope to make greater achievements in delivery efficiency, safety, and convenience through cooperation with Kia,” Coupang said through one of its officials while Kia also stated, “We will continue to offer diverse PBVs to our customers in logistics and retail, and enhance competitiveness in global PBV business.”

Kia Motors shared that its partnership with Coupang is an important step to reaching its goal to become a global leader in the area of purpose-build vehicle (PBV) market. The companies are also planning to work on autonomous driving vehicles and vehicle charging systems.

Finally, The Korea Economic Daily reported that Kia and Coupang will be launching the new “Coupang cars” in 2025. The two companies’ memorandum of understanding includes joint research and development of a custom vehicle for the latter Coupang.

Under the agreement, Kia and Coupang will release the delivery vehicles for Coupang, and after the successful launch of the PBV, the two may expand their collaboration and develop more electric vehicles for Coupang, including the autonomous types.

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.