Debts paid off
SsangYong is slowly getting some color back on the cheeks. The South Korean brand reports that it has paid off its debts and is ready to conquer the market worldwide with electric cars.
SsangYong has had turbulent years. It did not go smoothly with the sale of its models and the debts with the company rose considerably. At the beginning of this year, South Korean Edison Motors also seemed to be the savior, but that deal fell through. Finally, a few months later, the KG Group (a South Korean chemical and steel company) lent a helping hand. SsangYong now proudly announces that it has paid off its debts thanks to the acquisition by KG Group. According to the brand, we can now look to the future with confidence.
That future is largely electric, as it turned out last summer. Then SsangYong unveiled the Torres, an SUV that positions the brand between the Korando and Rexton. There will also be an electric variant of the Torres, which will be available in the Netherlands next year. This makes it the second fully electric SsangYong for us, because we already know the Korando e-Motion.
SsangYong ‘X200’
Behind the scenes, SsangYong is working on another SUV, which may eventually replace the Korando. We have already seen it in sketch form and for the time being it is referred to as X200. Since SsangYong indicates that it mainly wants to focus on electrically powered cars, there is a good chance that that SUV will get an electric powertrain. The Koreans are working together with the Chinese BYD for battery technology.
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– Thanks for information from Autoweek.nl