KG Mobility to produce Torres EV in Saudi Arabia
이 글자크기로 변경됩니다.
(예시) 가장 빠른 뉴스가 있고 다양한 정보, 쌍방향 소통이 숨쉬는 다음뉴스를 만나보세요. 다음뉴스는 국내외 주요이슈와 실시간 속보, 문화생활 및 다양한 분야의 뉴스를 입체적으로 전달하고 있습니다.
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 pact, SNAM will augment production capabilities to assemble the all-electric Torres EVX electric vehicle that launched in Korea in September this year.
The signing ceremony in Seoul was attended by KG Mobility's Chairman Kwak Jae-sun and CEO Jeong Yong-won, along with SNAM's Chairman Mohammed al-Tuwaijri and CEO Dr. Fahd al-Dohish. Also present were Bang Moon-kyu, South Korea's minister of trade, industry and energy, and Bandar AlKhorayef, the Saudi minister of industry and mineral resources.
“As a new member of the KG Group family, KG Mobility has been accelerating its global market expansion since early year. We're setting our sights on building a robust EV production network in Saudi Arabia, which we see as a stepping stone into the Middle Eastern EV market,” said Kwak.
The deal builds upon previous agreements between KGM and SNAM, including a product license agreement in 2019 and 2020 and a parts supply agreement in 2022. These agreements have been set for a combined production volume of 169,000 units over seven years, with 90,000 units of Rexton Sports Khan, and 79,000 units of Rexton New Arena.
By Moon Joon-hyun(mjh@heraldcorp.com)
Copyright © 코리아헤럴드. 무단전재 및 재배포 금지.