KG delivers Torres EVX to Sweden and Norway in March

author: FutureCar Staff    

KG Mobility is set to deliver its Torres EVX, the pure electric version of the popular Torres SUV, to Sweden and Norway in March next year. This will be followed by deliveries to the Netherlands and other European countries in the first half of the year. Hwang Ki-young, managing director of KG Mobility's Europe and Russia business division, stated that the two Nordic countries will be the first overseas locations to receive the EV, with no major differences in specifications and prices compared to the domestic models.

According to a spokesperson from KG Mobility, there is typically high demand for EVs in the Northern Europe region due to environmental concerns. KG Mobility aims to accelerate its exports and achieve annual sales of 320,000 units by 2026, with 100,000 units coming from exports. Kwak Jea-sun, chairman of KG Mobility, announced that the company plans to introduce at least one EV model every year until 2026 and will focus on discovering new markets and expanding exports.

The Torres EVX is KG Mobility's first pure EV since changing its name from SsangYong Motor. It was recently launched in Korea, with customer deliveries scheduled for November. Production of the EVX will begin in October at KG's factory in Pyeongtaek, Gyeonggi. To increase production capacity, the company is considering building a small-size EV-dedicated facility, potentially in Korea or overseas. KG Mobility also plans to establish an EV battery factory at its engine plant in Changwon, South Gyeongsang, with operations starting next year.

The Torres EVX is powered by BYD's 73.4-kilowatt-hour lithium iron phosphate (LFP) batteries and can travel 433 kilometers (269 miles) on a single charge. Kwak stated that KG Mobility is in talks with LG Energy Solution and Samsung SDI for batteries in its future EVs, addressing public concerns about the use of BYD batteries. Kwak expressed confidence in KG Mobility's profitability, with the company turning a profit in the first half of the year and experiencing increased sales of Torres SUVs. The company's revenue in the first half reached a record of 2.09 trillion won, surpassing the 2 trillion won mark for the first time since its founding.

KG Mobility's current lineup includes the Tivoli, Korando, Rexton, Rexton Sports, Torres, and Torres EVX models. With the introduction of the Torres EVX and the company's focus on exports and new markets, KG Mobility aims to establish itself as a profitable player in the EV market.

FutureCar Staff