Lotte Confectionery Replaces All Commercial Refrigerated Trucks and Passenger Cars with Electric Vehicles

Lotte Confectionery Cargo Electric Vehicle. (Photo by Lotte Confectionery)

[Asia Economy Reporter Seungjin Lee] Lotte Confectionery announced on the 10th that it has decided to switch all of its commercial refrigerated vans and business passenger cars to electric vehicles.

The vehicles to be converted include 350 refrigerated vans used for ice cream sales and 217 business passenger cars. The vans are scheduled to be fully replaced with electric vehicles by 2025, and the passenger cars by 2022. The total investment for converting all vehicles to electric by 2025 is approximately 30 billion KRW. Prior to this, Lotte Confectionery plans to invest about 6.4 billion KRW this year to acquire 20 vans and 114 passenger cars.

Lotte Confectionery expects that this eco-friendly electric vehicle transition will reduce greenhouse gas emissions by about 1,000 tons annually. Additionally, the change from compact cars to small SUVs and other models is anticipated to improve the working environment for sales staff.

Recently, Lotte Confectionery became the first in the domestic confectionery industry to introduce 10 electric-powered commercial refrigerated vans, which are about to be deployed at sales offices.

Meanwhile, Lotte Confectionery has been drawing attention by boldly and swiftly declaring eco-friendly initiatives, such as replacing all plastic cushioning materials used in large-capacity custard products with paper materials. Based on continuous eco-friendly management and active social contribution activities, Lotte Confectionery received an A grade for two consecutive years in the 2020 ESG (Environmental, Social, and Governance) evaluation, being recognized as a model company in ESG management.

Lotte Confectionery plans to continue practicing eco-friendly management through various activities in the future.

This content was produced with the assistance of AI translation services.