DOMESTICALLY-produced electric cars may be brought to market early next year thanks to a new factory.
Cambodia’s Heng Development Co has signed an agreement with Hong Kong-based Chau Leong to build an eco-friendly vehicle called the “Angkor.”
The vehicle was developed by local inventor Nhean Phaloek – who once reportedly claimed that the doors to one of his prototype vehicles opened telepathically.
Nhean Phaloek said that construction on the plant started on March 14 on 20 hectares in the Kandal Stoeng district of Kandal province.
Sien Chanheng, director general for Heng Development, said plant will aim to make between 500 and 1,000 cars a year, with the first appearing soon after the beginning of next year.
She also said the US$20 million deal will be split 80 percent/20 percent between her company and Nhean Phaloek, and Chau Leong, respectively. Nhean Phaloek will import machines and spare parts from China, as well as other technology from Germany, to make the Angkor.
He said the goal is to start with two- and four-chair cars sold for $5,000 and then move on to six- and 12-chaired vehicles.
He also expects high demand from visitors to the Kingdom.
“My guess is that 20 cars can be sold in one day because foreign tourists are already booked to buy,” he said.
Nhean Phaloek plans to expand to overseas markets as well, he said.
Ith Praing, secretary of state at the Ministry of Mines, Industry and Energy, who attended the signing ceremony yesterday morning at NagaWorld Phnom Penh, praised the car for its small carbon footprint.