Korean car manufacturer KG Mobility has entered a next-generation hybrid system agreement with global electric vehicle leaders BYD. The decision to expand future collaborations between the two companies was made to build on the successful launch of the Torres EVX. The agreement will see battery packs produced in Korea integrated into the Torres EVX and the company’s new BEV pick-up, which is scheduled for mass production in the second half of 2024, and in other applicable vehicle models. Additionally, there are plans to concurrently develop plug-in hybrids.
“KG Mobility embarked on a journey of change and development as a mobility company by changing its name last March,” said Chairman Kwak Jae-seon of KG Mobility. “We started with the launch of the Torres EVX, aimed at providing safe, affordable, high-performance electric vehicles meeting the needs of our customers.
“We anticipate that this expanded cooperation with BYD will strengthen our electric vehicle lineup, including the Torres EVX, KR10, and F100, while reorganizing our product range to focus on eco-friendly vehicles. This includes introducing a dedicated electric vehicle platform and launching hybrid products.”
KG Mobility (formerly SsangYong Motor Company) was initially established in 1954, when the company produced trucks, busses, and special purpose vehicles for the export market. The headquarters for KG Mobility is in the Gangnam district of Korea’s capital, Seoul, and its principal vehicle manufacturing plant is currently at Pyungtaek, which has the capacity and latest technology to produce 240,000 cars a year. The company has invested in a new factory, in the same area, which is has been developed specifically for to accommodate the production of pure-electric vehicles.