Battery supplier boost for KG Mobility, the brand formerly known as SsangYong.
KGM changed its name from SsangYong earlier this year following a takeover by KG Mobility in 2022. Now the relaunched brand has announced a partnership with Chinese giant BYD for the development of future EVs and the use of crucial battery technology.
In KG Mobility’s statement, the Korean firm said: “This technical partnership with BYD, renowned for its exceptional technological expertise in electric vehicle battery cells and packs, aims to secure the company’s continued and sustainable growth.”
The world’s largest maker of electric cars, BYD produces its own batteries for cars like the Atto 3, Dolphin and Seal, featuring its ‘Blade Battery’ design which utilises space within the battery pack more efficiently than a traditional pack of lithium ion phosphate cells.
KGM has already revealed an all-electric car in the form of the new Torres EVX, which is set to aunch in 2024. The agreement will allow for battery packs produced in Korea to be integrated into the Torres EVX and an upcoming all-electric pick-up truck.
Plug-in hybrid cars will still be under development from KG Mobility, the brand claims, with a Torres-based hybrid due in 2025.
KG Mobility CEO Jeong Yong-won said of the BYD partnership: “By expanding the line-up of eco-friendly vehicles through cooperation with BYD for the joint development of next-generation hybrids, KG Mobility has laid a strong foundation for more stable growth.”