Leo Motors, Inc. opened its own manufacturing plant near Hanam City, Korea on June 25. The manufacturer of electric vehicles (EV) will produce more than 1,000 units of Hilless 1, 3, and 5 scooters per month in the new plant.
Prior to opening this plant, Leo outsourced its manufacturing to an independent supplier's facilities, which Leo had determined was not cost effective.
"Operating our own plant will give us more security in protecting our intellectual property as well as cost leadership and quality enhancement," said Dr. Robert Kang, CEO of Leo Motors.
With the opening of the new plant, Leo intends to begin global sales of its scooters and to show its scooters in international exhibitions and fairs more actively.
Leo has designed many original EVs and has converted many models of existing internal combustion engine ("ICE") vehicles into EVs, including scooters, motorcycles, full speed sedans highway buses and trucks. The company has also developed several original EV components, and is actively marketing them as a bundled conversion kit for ICE vehicles.