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KG Mobility Aims to Broaden Range of EVs and Triple Annual Sales

KG Mobility Aims to Broaden Range of EVs and Triple Annual Sales
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KG Mobility to Transform Edison Motors into Eco-friendly Commercial Carmaker

KG Mobility to Transform Edison Motors into Eco-friendly Commercial Carmaker
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KG Mobility Corp Acquires Debt-Ridden Edison Motors, Expanding Commercial Vehicle Lineup

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KG Mobility announced as preferred bidder for acquisition of Edison Motors

EconoTimes is a fast growing non-partisan source of news and intelligence on global economy and financial markets, providing timely, relevant, and critical insights for market professionals and those who want to make informed investment decisions.

KG Mobility chosen as preferred bidder to buy electric bus maker Edison Motors

KG Mobility, formerly known as SsangYong Motor Co., said Wednesday it is in the process of acquiring Edison Motors Co., an electric bus maker, as part of its business diversification strategy. A bankruptcy court in the southeastern city of Changwon has picked KG Mobility as a preferred bidder to acquire Edison, which has been under the court-led debt rescheduling program since January, the company said in a regulatory filing.

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