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Japan venture to bring electric tuk-tuks to Asia
by Staff Writers
Tokyo (AFP) March 27, 2013


A Japanese company is hoping to win a big slice of Asia's tuk-tuk market, it said Wednesday, betting battery-operated buggies could cut burgeoning city pollution.

"There is no single company in Asia that mass-produces electric bikes or tricycles," said Terra Motors president Toru Tokushige.

"I think it could have a big impact if a Japanese company is the pioneer in the market with products of such a futuristic design."

Terra Motors unveiled the prototype of their electric tuk-tuk, a sleek-looking blue and white machine that can carry up to six people, including the driver.

The vehicle, 3.3 metres (11 feet) long and 1.47 metres wide, is powered by a lithium battery, and can run 50 kilometres (30 miles) on one full charge, the company said.

Terra Motors is hoping to win the bid for part of a Philippine government contract that is expected to see 100,000 electric tricycle taxis on the country's streets by 2016, using a $300 million loan from the Asian Development Bank.

The Japanese firm is aiming to become the world's number one seller of electric tuk-tuks over the next two years, the company said, without providing precise figures.

Tuk-tuks, a cross between a motorbike and a tricycle, are a common form of transport in urban areas across Asia. They usually have small, petrol-powered engines that are blamed for causing serious air pollution.

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China car maker BYD reports profit plunge
Shanghai (AFP) March 25, 2013
Chinese electric car producer BYD, which is partly backed by US investment titan Warren Buffett, said its net profit plunged more than 94 percent year-on-year in 2012, hit by slowing growth in the country. The company, based in the southern boomtown of Shenzhen, said in a statement Sunday that net profit came in at 81.38 million yuan ($12.92 million) last year, down from 1.38 billion yuan in ... read more


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