Newly launched electric vehicle from LEO Motors. 

Leo Motors  of South Korea, launched a line of electric vehicles with “swappable” batteries. The vehicles include an electric cargo one-seater car, a delivery truck and a garbage truck. The company also introduced two electric fishing boats.

A key differentiator for the vehicles is that customers rent charged batteries from the company’s Battery Swap Centers, thereby reducing their costs. The vehicle lineup includes:

• E-Dot, a 100% electric cargo one-seater with a cargo space of 7 cubic feet. Its maximum weight capacity is 220 pounds and the cargo space can be replaced with a second passenger seat.
• LC-1 –  a light delivery truck with low decks and wide ramps for easy loading, and a maximum carrying capacity of 1,100 pounds.
• LC-2 – Similar to an LC-1 but with an 1,100 pound capacity garbage collection container.

Batteries at Leo’s battery swap stations are owned by the station operators and rented to the electric vehicle owners. This not only significantly reduces the price of the vehicle but also eliminates concerns about battery life span. Leo’s battery swapping machines are carts which replace battery cartridges eliminating the need for expensive large robot arms to handle massive battery packs. Using this shopping cart sized device, a typical 20 cartridge replacement takes 5 minutes. Learn more:  Baystreet.ca

Comment:  It will be interesting to see if the rental battery concept will work. Advanced batteries, such as lithium ion, can be very expensive, especially for LSVs and lower priced utility vehicles where the cost of the lithium batteries compared to the overall cost of the vehicle is very high. A battery rental approach could lower the up front costs of the battery pack.