BUSINESS

Lamborghini introduces new electric motorcycle model in Korea

By Shim Woo-hyun
  • Published : Oct 31, 2017 - 17:25
  • Updated : Nov 1, 2017 - 15:50

Town Life, a utility vehicle business unit owned by the Lamborghini family, introduced its new electric motorcycle model Iso Moto Ferruccio Lamborghini in Korea on Tuesday.

Town Life and its co-developer Green Power Circuit Corporation Korea will begin commercial sales of the electric motorcycle in Korea within this year, Town Life Chairman Ferruccio Lamborghini said during the press conference. 

Town Life Chairman Ferruccio Lamborghini (right) introduces Town Life's new electric motorcycle Tuesday at a press conference held in Seoul Tuesday. (GPCC Korea)

Town Life is also to launch the model in China, Taiwan and European countries, it said.

Town Life aims to sell 2,500 units of the motorcycle model worldwide this year. The sales target in the next year is to reach some 24,000 units, the company added.

Another version of the bike will run on gasoline.

The price of the vehicle is estimated to be between $4,000 and $5,000.

Meanwhile, Town Life also plans to launch a small vehicle in September 2019. The price of the vehicle is expected to be about $17,000, the company said.

By Shim Woo-hyun (ws@heraldcorp.com)