Leo Motors Inc., a South Korean electric carmaker, unveiled its new vehicles on Friday, which can travel at a maximum speed of 140 kilometers per hour.
The vehicles, originally built by other South Korean automakers, had
their engines replaced with lithium-polymer batteries.
The modified version of the Labo, a half-ton pickup truck originally built by GM Daewoo Auto & Technology, can travel up to 260 kilometers on a
single charge, Leo Motors said. The recharging process takes about three hours, the automaker added.
The Labo and two other electric cars by Leo Motors were introduced at an electric vehicles fair being held at Seoul's COEX convention center.
Leo Motors said the local price of the electric Labo will likely be set at 25 million won (US$20,810). A new Labo truck by GM Daewoo, the South Korean unit of U.S. automaker General Motors Co., costs between 6.7 million and 9.4 million won.
South Korea currently does not allow the use or operation of vehicles turned into electric cars on the street, but the government is expected to
push for a rewrite of the related law.