KG Mobility, formerly SsangYong Motor, and Saudi National Automobiles Manufacturing Company, a licensed producer of international and domestic automobiles, signed a partnership agreement on Friday to assemble the carmaker's Torres EVX electric vehicle in Saudi Arabia. The agreement expands an existing deal between the companies for SNAM to manufacture KGM's internal combustion engine vehicles. Under the new.
KG Mobility is hoping to finish 2023 strong to end the year with a profit for the first time since 2016 on strong sales overseas and the automaker’s bestselling sport utility vehicle Torres. According to a regulatory filing, the Korean carmaker has logged accumulative revenue and operating profit of almost 3 trillion won ($2.32 billion) and 42.4 billion won, respectively, in the first three quarters of this yea.
KG Mobility Makes its Mark in Africa With Torres Launch in Egypt koreabizwire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreabizwire.com Daily Mail and Mail on Sunday newspapers.
KG Mobility signs an agreement with BYD to develop electric and hybrid vehicles, including a Korea battery plant and joint work on next-gen hybrid systems
KG Mobility looks set to remain in the black with a renewed export-driven growth strategy and expand sales in Europe by diversifying it lineup of price-competitive electric vehicles (EV), KG Group and KG Mobility Chairman Kwak Jae-sun said Thursday.