LoI with Taikang Technology Calls for 5,000 Vehicles over Three Years,
Smith Also to Provide 30 Trucks for CTE Effort in Houston-Galveston Area
Smith Electric Vehicles has disclosed a Letter of Intent to form a joint venture with Taikang Technology Corp in Taiwan. The next step, Smith says, is a definitive licensing agreement to cover assembly and distribution of all-electric vehicles in Taiwan, “opening up an important new market.” Separately, the Houston-Galveston Area Council and CTE, the Center for Transportation and the Environment said Smith is to provide 30 diesel-replacing delivery trucks.
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