April 20, 2024

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[THE INVESTOR] Renault Samsung Motors said on Nov. 28 it will provide more Twizy ultracompact electric cars to a local car sharing service. 

The automaker will gradually supply another 45 Twizy models to the LH Happiness car-sharing service available at 23 apartment complexes built by the Korea Land & Housing, the company said in a statement. 

It has already provided 45 Twizys to 23 LH apartment complexes since 2013 to help residents of LH apartments use the all-electric car for 3,000 won (US$2.70) per hour, a company spokeswoman said.

Renault Samsung owns the Twizy vehicles, manages them and makes payments for their charging costs, she said. LH apartments are usually allocated to lower-income households.

By Song Seung-hyun and newswires (ssh@heraldcorp.com)