Daewoo coming back to India! Will offer E-bikes in collaboration with Kelwon Electronic

Posco Daewoois all set to enter the Indian market in collaboration with Indian OEM Kelwon Electronic for multiple technology solutions including solar panels and E-bike batteries. While the name may sound familiar, Posco Daewoo is not related to Daewoo Motors, the South Korean carmaker that gave India considerable hits such as the Cielo luxury sedan and the Matiz hatchback.

Daewoo confirmed its return to India on October 25, for its latest inning, it is coming back as a technology company and not as an automaker. It will license several technologies such as solar panels, home inverters and home UPS systems to the Indian brand Kelwon. On the mobility-related front, Daewoo will supply electric batteries for use in small-capacity E-bikes that are being developed by the homegrown brand.

Two E-bike platforms were showcased at Daewoo’s announcement, these included the DWECXI and the DWECXII. Both E-bikes are small-capacity electric bicycles that will enter the Indian market soon, alongside the smaller form factor, full-sized electric bicycles will also be on offer once Kelwon enters the market. Currently, the company has announced no plans related to bigger EVs and if it will consider entering the mainstream automotive market of India again.