China’s BYD and South Korea’s KG Mobility have inked a deal to jointly develop electric and hybrid automobiles.
🟢Ssangyong has now started selling cars under the name ‘KGM Motors’. The company announced it will launch three new models in the second half of 2024.
🔋The Korean manufacturer has a battery partnership with #BYD and also developing an electric vehicle platform from scratch for these three models.
🚙Unlike the Torres EVX, the first Ssangyong to be designed from birth to electric will be the electric version of Korando, codenamed KR10. It will be followed by the electric pick-up 0100 and the large SUV F100.
💰KGM’s electric cars will be sold with the advantage of zero customs duty in Turkey because they are produced in South Korea.
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