KC Electric Car Maker Partners With Taiwanese Company

Photo Courtesy of the Kansas City Business Journal
Photo Courtesy of the Kansas City Business Journal

Smith Electric Vehicles Corp., a manufacturing company based in Kansas City, will enter into a joint venture with commercial vehicle manufacturer Taikang Technology Corp. that will lead to the establishment of an assembly plant in Taiwan that intends to produce 5,000 electric vehicles during the next three years. Smith Electric said the licensee agreement is a “significant milestone” for the company and foreshadows future international agreements.

In 2012, Smith had to cut its production goal down by 40 percent, from 620 vehicles to 380, because of supply problems, and unsuccessfully tried to raise $76 million in an initial public offering on the Nasdaq stock exchange. Smith employs about 115 workers in Kansas City, where it has one of its three assembly plants.

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