KG Mobility, BYD forge ties to create NEV models

KG Mobility (formerly known as Ssangyong) has forged a collaboration with BYD for the creation of new energy vehicles.

The newly-inked agreement was made following the recent launch of the Torres EVX (which is the Torres’ electrified version).

“This agreement will see battery packs produced in Korea integrated into the Torres EVX and the company’s new BEV (battery electric vehicle) pick-up, which is scheduled for mass production in the second half of 2024, and in other applicable vehicle models,” KG Mobility said in a statement.

KG Mobility noted that the technical partnership with BYD is eyed to “secure the company's continued and sustainable growth.”

Prior to the agreement, both firms have commenced the joint development of a next-generation hybrid system — with plans to expand KG Mobility’s roster, starting with a Torres-based hybrid model in 2025.

The Korean automaker also revealed that the research institute was recently restructured to bolster electric vehicle development capabilities and ensure success in hybrid development as there plans to simultaneously develop plug-in hybrids.

"KG Mobility embarked on a journey of change and development as a mobility company by changing its name last March. We started with the launch of the Torres EVX, aimed at providing safe, affordable, high-performance electric vehicles meeting the needs of our customers,” KG Mobility Chairman Kwak Jae-seon said.

"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,” he added.

He also said that the marque is committed to delivering the utmost safety and assurance to customers through the application of battery packs produced by KG Mobility in the future.

For his part, KG Mobility Chief Executive Officer Jeong Yong-won expressed firm belief that the company laid a strong foundation for more stable growth following the cooperation with BYD in jointly developing next-generation hybrid vehicles.

“This collaboration is especially significant as it allows us to secure future competitiveness by ensuring a stable supply of core components and developing new vehicles with cutting-edge electrical/electronic integration technologies,” he ended.

In the Philippines, KG Mobility is marketed by The Covenant Car Company, Incorporated while BYD vehicles are distributed by the Ayala-led AC Motors.

Photos from KG Mobility