Hyundai Rotem secures deal to build tram in TurkeyHyundai Rotem, a train maker under Hyundai Motor Group, said yesterday it won a 60.5 million euro ($80 million) order from Turkish construction company Gulermak to build a tram.
The company said the contract signals its entrance into the global tram market, which is estimated to be 3 trillion won annually. Hyundai Rotem said trams operate in 380 cities around the world and account for 80 percent of the light rail vehicle market.
According to the company, its tram is a hybrid powered by a lithium-ion polymer battery and a DC 750-volt electricity lane. It can go 50 kilometers (31 miles) on a single charge.
The company said it hopes to export trams to the Middle East and Europe as well as to local cities like Changwon, Suwon, Daejeon and Jeju.