USA: Hyundai Motor Co., Enova Systems and Capstone to Develop Turbine Hybrid Electric Vehicle
Enova Systems (OTCBB:ENVA - news) has announced that it has teamed with Hyundai Motor Co. of Korea and Capstone Turbine Corp. (Nasdaq:CPST - news) to develop and integrate a series hybrid electric drive system which utilizes Capstone's microturbine. Hyundai, in conjunction with Enova Systems, will develop the drive system and controlling systems while Capstone, based in Woodland Hills, Calif., will provide the gas-fueled turbines. Hyundai will also provide the vehicle systems other than the drive system.
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