South Korean automaker KG Mobility Co., previously known as SsangYong Motor Co. before undergoing bankruptcy, has unveiled its first electric car since being acquired by conglomerate KG Group in September 2022.
South Korean carmaker unveiled its first electric car, the Torres EVX, at the Seoul Mobility Show. The electric SUV, which has a driving range of 500 kilometers on a single charge and uses lithium-iron-phosphate batteries made by BYD Co., will be available in South Korea and Europe in the second half of this year, priced at less than $30,700 after subsidies in Korea. The carmaker plans to maintain its partnership with BYD in the long term, according to Chairman Kwak Jaesun.